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Registered number: OC327946

GAP ASSOCIATES (UK) LLP

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

Prepared By:
Martin & Fahy Accountants LLP
7 Milbanke Court
Milbanke Way
Bracknell
Berkshire
RG12 1RP

GAP ASSOCIATES (UK) LLP

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DESIGNATED MEMBERS
David Agg
Dorian Griffith
Roy Passey
REGISTERED OFFICE
7 Milbanke Court
Milbanke Way
Bracknell
Berkshire
RG12 1RP
COMPANY NUMBER
OC327946
ACCOUNTANTS
Martin & Fahy Accountants LLP
7 Milbanke Court
Milbanke Way
Bracknell
Berkshire
RG12 1RP

GAP ASSOCIATES (UK) LLP

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets2542,549533,734
CURRENT ASSETS
Cash at bank and in hand24,42827,276
24,42827,276
CREDITORS: Amounts falling due within one year3,0043,004
NET CURRENT ASSETS21,42424,272
TOTAL ASSETS LESS CURRENT LIABILITIES563,973558,006
CREDITORS: Amounts falling due after more than oneyear4275,000275,000
NET ASSETS ATTRIBUTABLE TO MEMBERS288,973283,006
MEMBERS ' OTHER INTERESTS
Capital accounts288,973283,006
288,973283,006
TOTAL MEMBERS' INTERESTS
Members' other interests288,973283,006
288,973283,006

GAP ASSOCIATES (UK) LLP

BALANCE SHEET AT 31/03/2023
For the year ending 31/03/2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts as modified 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the members on 23/11/2023 and signed on their behalf by
.............................
David Agg
Designated Member
.............................
Dorian Griffith
Designated Member
.............................
Roy Passey
Designated Member

GAP ASSOCIATES (UK) LLP

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
1d. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
2. TANGIBLE FIXED ASSETS
Land And
BuildingsTotal
££
Cost
At 01/04/2022533,734533,734
Additions8,8158,815
At 31/03/2023542,549542,549
Depreciation
At 31/03/2023--
Net Book Amounts
At 31/03/2023542,549542,549
At 31/03/2022533,734533,734

GAP ASSOCIATES (UK) LLP

3. EMPLOYEES
20232022
No.No.
Average number of employees--
4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans and overdrafts275,000275,000
275,000275,000