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REGISTERED NUMBER: OC419554 (England and Wales)















REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

GODLAPP LLP

GODLAPP LLP (REGISTERED NUMBER: OC419554)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


GODLAPP LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DESIGNATED MEMBERS: A Godfrey
M Lappage





REGISTERED OFFICE: Unit 2
99-101 Kingsland Road
London
E2 8AG





REGISTERED NUMBER: OC419554 (England and Wales)





ACCOUNTANTS: Versa Accountants Ltd
Chartered Certified Accountants
Unit 2
99-101 Kingsland Road
London
E2 8AG

GODLAPP LLP (REGISTERED NUMBER: OC419554)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 OCTOBER 2022

The members present their report with the financial statements of the LLP for the year ended 31 October 2022.

DESIGNATED MEMBERS
The designated members during the year under review were:

A Godfrey
M Lappage

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £30,379 (2021 - £31,342 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





A Godfrey - Designated member


5 October 2023

GODLAPP LLP (REGISTERED NUMBER: OC419554)

INCOME STATEMENT
FOR THE YEAR ENDED 31 OCTOBER 2022

2022 2021
Notes £    £   

TURNOVER 73,345 49,400

Cost of sales 6,163 -
GROSS PROFIT 67,182 49,400

Administrative expenses 35,761 17,016
OPERATING PROFIT 31,421 32,384


Interest payable and similar expenses 1,042 1,042
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


30,379


31,342

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


30,379


31,342

Members' remuneration charged as an
expense

4

(30,379

)

(31,342

)
PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


-


-

GODLAPP LLP (REGISTERED NUMBER: OC419554)

BALANCE SHEET
31 OCTOBER 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Debtors 5 20,063 40,000
Cash at bank 20,857 15,305
40,920 55,305
CREDITORS
Amounts falling due within one year 6 12,668 12,577
NET CURRENT ASSETS 28,252 42,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,252

42,728

CREDITORS
Amounts falling due after more than one
year

7

28,252

37,650
NET ASSETS ATTRIBUTABLE TO
MEMBERS

-

5,078

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

-

5,078

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 - 5,078
Amounts due from members 5 (20,063 ) -
(20,063 ) 5,078

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 October 2022.

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.

GODLAPP LLP (REGISTERED NUMBER: OC419554)

BALANCE SHEET - continued
31 OCTOBER 2022


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

The financial statements were approved by the members of the LLP and authorised for issue on 5 October 2023 and were signed by:





A Godfrey - Designated member

GODLAPP LLP (REGISTERED NUMBER: OC419554)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1. STATUTORY INFORMATION

Godlapp 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2021 - NIL).

4. INFORMATION IN RELATION TO MEMBERS
2022 2021
£    £   
Members' remuneration charged as an expense
Automatic division of profit 30,379 31,342

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by associates - 40,000
Other debtors 20,063 -
20,063 40,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors - 1
Other creditors 2,668 2,576
12,668 12,577

GODLAPP LLP (REGISTERED NUMBER: OC419554)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 28,252 37,650

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.
There is no provision for specific legally enforceable protection afforded to creditors in such an event.
There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'.