Grafton LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC339397 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

GRAFTON LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

E C Lister

P D Swift

R P Line

Mrs C J Line

Mrs S A Lister

Mrs C Swift

REGISTERED OFFICE:

2 Back Grafton Street

Altrincham

Cheshire

WA14 1DY

REGISTERED NUMBER:

OC339397 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Tangible assets

4

1,500,000

CURRENT ASSETS

Debtors

5

1,039

928

Cash at bank

3,737

16,769

4,776

17,697

CREDITORS

Amounts falling due within one year

6

68,169

64,811

NET CURRENT LIABILITIES

(63,393

)

(47,114

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,436,607

1,452,886

CREDITORS

Amounts falling due after more than one
year

7

395,865

455,979

NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,040,742

996,907

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

626,725

582,890

MEMBERS' OTHER INTERESTS

Revaluation reserve

414,017

1,040,742

996,907

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

626,725

582,890

Members' other interests

414,017

1,040,742

996,907

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2026.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 28 October 2026 and were signed by:

E C Lister - Designated member

P D Swift - Designated member

1.	STATUTORY INFORMATION

Grafton LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income, excluding value added tax.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Freehold property is maintained to ensure that its value does not diminish over time. The maintenance costs are charged to the profit and loss account as they are incurred. In the opinion of the members, depreciation would be immaterial and, therefore, freehold property is not depreciated. Any increase or decrease to the market value is taken to the revaluation reserve.

Going concern

The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 April 2025

and 31 March 2026

1,500,000

NET BOOK VALUE

At 31 March 2026

1,500,000

At 31 March 2025

1,500,000

Cost or valuation at 31 March 2026 is represented by:

Freehold

property

£

Valuation in 2020

114,017

Valuation in 2021

100,000

Valuation in 2024

200,000

Cost

1,085,983

1,500,000

If freehold property had not been revalued it would have been included at the following historical cost:

31/3/26

31/3/25

£

Cost

1,085,983

Freehold property was valued on an open market basis on 31 March 2026 by the Members .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

Trade debtors

769

479

Other debtors

270

449

1,039

928

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

Bank loans and overdrafts

58,510

54,539

Trade creditors

-

832

VAT

6,474

6,409

Accruals and deferred income

3,185

3,031

68,169

64,811

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/3/26

31/3/25

£

Bank loans - 1-2 years

62,767

59,060

Bank loans - 2-5 years

188,022

202,933

Bank loans more 5 yr by instal

145,076

193,986

395,865

455,979

31/3/26

31/3/25

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

145,076

193,986

8.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/26

31/3/25

£

Bank loans

454,375

510,518

A legal charge was created on 22nd December 2008 in favour of Barclays Bank PLC which is secured over the assets of the Limited Liability Partnership.

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31/3/26

31/3/25

£

Loans from members

200,000

Amounts owed to members in respect of profits

426,725

382,890

626,725

582,890

Falling due within one year

426,725

382,890

Falling due after more than one year

200,000

626,725

582,890

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

10.	RELATED PARTY DISCLOSURES

Planit I.E. Limited is deemed a related party. Rent in the amount of £130,952 excl. VAT (2025: £130,952) and insurance in the amount of £769 excl. VAT (2025: £399) was charged to Planit I.E. Limited. Included in trade debtors is an amount of £769 (2025:£479) due from Planit I.E. Limited.