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REGISTERED NUMBER: OC318407 (England and Wales)















Financial Statements for the Year Ended 30 April 2023

for

Gould Property Consultants LLP

Gould Property Consultants LLP (Registered number: OC318407)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gould Property Consultants LLP

General Information
for the Year Ended 30 April 2023







DESIGNATED MEMBERS: G Baker
T M Mole
J D Holt
M J Comber
R S Harrington





REGISTERED OFFICE: 2 Lucastes Mews
Paddockhall Road
Haywards Heath
West Sussex
RH16 1HE





REGISTERED NUMBER: OC318407 (England and Wales)





ACCOUNTANTS: Warren House Accountants Limited
4 The Courtyard
Holmsted Farm
Staplefield Road
Haywards Heath
RH17 5JF

Gould Property Consultants LLP (Registered number: OC318407)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 43,431 19,588
43,431 19,588

CURRENT ASSETS
Amount receivable on contracts 40,940 44,595
Debtors 6 198,417 237,859
Cash at bank and in hand 77,025 582,857
316,382 865,311
CREDITORS
Amounts falling due within one year 7 113,955 95,126
NET CURRENT ASSETS 202,427 770,185
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,858

789,773

CREDITORS
Amounts falling due after more than one
year

8

200,000

400,000
NET ASSETS ATTRIBUTABLE TO
MEMBERS

45,858

389,773

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

45,858

389,773

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 45,858 389,773
Amounts due from members 6 (9,871 ) -
35,987 389,773

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 30 April 2023.

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.

Gould Property Consultants LLP (Registered number: OC318407)

Balance Sheet - continued
30 April 2023


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 6 November 2023 and were signed by:




G Baker - Designated member




T M Mole - Designated member


Gould Property Consultants LLP (Registered number: OC318407)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The LLP has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax, plus the amounts recoverable on contracts.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold improvements - 16.67% per annum of net book value
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Amounts receivable on contracts
Both fee income and recharged costs are billed and recognised in the period the work was completed or the costs incurred. For the financial year, income is recognised to reflect the partial performance of the contractual obligations.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Members capital and profits
Members; capital and rights to profit are classified in accordance with the substance of its contractual obligations. Capital is accounted for as a liability unless the LLP has an unconditional right to retain it, then it is treated as an equity interest. Profit is accounted for as a liability and classified as members' remuneration treated as an expense in the profit and loss account unless the LLP has an unconditional right to retain it, then it is treated as an equity interest until allocated by the LLP. Other amounts payable to members are subject to the same analysis and accounted for accordingly.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 16 (2022 - 16 ) .

Gould Property Consultants LLP (Registered number: OC318407)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 12,000
AMORTISATION
At 1 May 2022
and 30 April 2023 12,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

5. TANGIBLE FIXED ASSETS
Short Fixtures
leasehold and Motor Computer
improvements fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 16,991 3,180 86,931 48,626 155,728
Additions - - 44,172 3,515 47,687
Disposals - - (29,793 ) - (29,793 )
At 30 April 2023 16,991 3,180 101,310 52,141 173,622
DEPRECIATION
At 1 May 2022 16,991 3,180 77,532 38,437 136,140
Charge for year - - 12,904 8,983 21,887
Eliminated on disposal - - (27,836 ) - (27,836 )
At 30 April 2023 16,991 3,180 62,600 47,420 130,191
NET BOOK VALUE
At 30 April 2023 - - 38,710 4,721 43,431
At 30 April 2022 - - 9,399 10,189 19,588

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 136,808 202,841
Other debtors 61,609 35,018
198,417 237,859

Gould Property Consultants LLP (Registered number: OC318407)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 37,675 11,397
Taxation and social security 66,480 72,571
Other creditors 9,800 11,158
113,955 95,126

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Other creditors 200,000 400,000

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
30.4.23 30.4.22
£    £   
Amounts owed to members in respect of profits 45,858 389,773

Falling due within one year 45,858 389,773

The amounts due to members ranks equally in relation to creditors.

10. RELATED PARTY DISCLOSURES

At the year end the following loan amounts were due to the following parties related to the partners:

2023 2022
£ £
Mrs I J Baker 62,000 124,000
Mrs J M Mole 60,000 120,000
Mr D Holt 0 16,000
Mrs C Holt 50,000 84,000
Mrs H Harrington 6,000 12,000
Mrs H Kemp 22,000 44,000

These loans, which are unsecured, fall due to be repaid after more than one year and are subject to interest, payable at 10% per annum. The interest charged in the year was £40,000.

11. ULTIMATE CONTROLLING PARTY

The entity is controlled by the designated members