| Gualala LLP |
| Registered number: |
OC422055 |
| Balance Sheet |
| as at 31 March 2026 |
| Notes |
|
2026 |
|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
1,080,000 |
|
1,080,000 |
| Current assets |
|
|
|
|
|
| Debtors |
4 |
|
99,640 |
|
- |
| Cash at bank and in hand |
|
|
15,465 |
|
6,087 |
|
|
|
115,105 |
|
6,087 |
|
| Creditors: amounts falling due within one year |
5 |
|
(100,835) |
|
- |
|
| Net current assets |
|
|
14,270 |
|
6,087 |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
1,094,270 |
|
1,086,087 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
(2,379) |
|
(6,495) |
|
|
| Net assets attributable to members |
1,091,891 |
|
1,079,592 |
|
|
|
|
|
|
| Represented by: |
| Loans and other debts due to members |
7 |
|
1,058,476 |
|
1,044,386 |
|
|
|
|
|
|
| Members' other interests |
| Members' capital classified as equity |
|
|
1 |
|
1 |
| Other reserves |
|
|
33,414 |
|
35,205 |
|
|
|
33,415 |
|
35,206 |
|
|
|
|
|
|
|
|
|
1,091,891 |
|
1,079,592 |
|
|
|
|
|
|
| Total members' interests |
| Loans and other debts due to members |
7 |
|
1,058,476 |
|
1,044,386 |
| Members' other interests |
|
|
33,415 |
|
35,206 |
|
|
|
|
1,091,891 |
|
1,079,592 |
|
|
|
|
|
|
| For the year ended 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs). |
| The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
| These accounts were approved by the members on 19 October 2026 and signed on their behalf by: |
|
|
| R G Barca |
| Designated member |
|
| Gualala LLP |
| Notes to the Accounts |
| for the year ended 31 March 2026 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships. |
|
|
Members' capital |
|
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 April 2025 |
1,080,000 |
|
At 31 March 2026 |
1,080,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2026 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2026 |
1,080,000 |
|
At 31 March 2025 |
1,080,000 |
|
|
| 4 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Other debtors |
99,640 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans and overdrafts |
99,671 |
|
- |
|
Other creditors |
1,164 |
|
- |
|
|
|
|
|
|
100,835 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the LLP has a participating interest |
|
2,379 |
|
5,379 |
|
Other creditors |
- |
|
1,116 |
|
|
|
|
|
|
2,379 |
|
6,495 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans and other debts due to members |
2026 |
|
2025 |
| £ |
£ |
|
|
Loans from members |
1,036,818 |
|
1,041,823 |
|
Amounts due to members in respect of profits |
21,658 |
|
2,563 |
|
|
|
|
|
|
1,058,476 |
|
1,044,386 |
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
1,058,476 |
|
1,044,386 |
|
|
|
|
|
|
|
|
|
|
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
|
|
| 8 |
Other information |
|
|
Gualala LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
18 Carlisle Street, London, United Kingdom, W1D 3BX |