REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 April 2023 |
for |
Gould Property Consultants LLP |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Amount receivable on contracts |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
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 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 |
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 |
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 |
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 |
Short leasehold improvements | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
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 |
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 |
AMORTISATION |
At 1 May 2022 |
and 30 April 2023 |
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 |
Additions |
Disposals | ( |
) | ( |
) |
At 30 April 2023 |
DEPRECIATION |
At 1 May 2022 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 30 April 2023 |
NET BOOK VALUE |
At 30 April 2023 |
At 30 April 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.23 | 30.4.22 |
£ | £ |
Trade debtors |
Other debtors |
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 |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.4.23 | 30.4.22 |
£ | £ |
Other creditors |
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 |