Dais Partnership LLP Filleted Accounts Cover
Dais Partnership LLP
Registered No. OC422232
Information for Filing with the Registrar
30 April 2023
Dais Partnership LLP Balance Sheet Registrar
at
30 April 2023
Registered No.
OC422232
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
3,721
7,868
3,721
7,868
Current assets
Debtors
5
2,129
194,366
Cash at bank and in hand
128
12,799
2,257
207,165
Creditors: Amounts falling due within one year
6
(64,499)
(67,500)
Net current (liabilities)/assets
(62,242)
139,665
Total assets less current liabilities
(58,521)
147,533
Creditors: Amounts falling due after more than one year
7
(31,291)
(42,592)
Net (liabilities)/assets attributable to members
(89,812)
104,941
Represented by:
Loans and other debts due to members
-
178,266
Members' other interests
Members' capital
(673,228)
(662,710)
Other reserves
583,416
589,385
(89,812)
(73,325)
(89,812)
104,941
These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
For the year ended 30 April 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 as applied 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 Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the members on 30 April 2023 and signed on its behalf by:
R.A.D. Warner
Designated member
30 April 2023
Dais Partnership LLP Notes to the Accounts Registrar
for the year ended 30 April 2023
1
General information
Dais Partnership LLP is a limited liability partnership and incorporated in England and Wales.
Its registered number is: OC422232
Its registered office is:
St Botolph Building
Houndsditch
London
EC3A 7AR
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting for Limited Liability Partnerships' issued in December 2018.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Members' remuneration and division of profits
Remuneration is paid to certain members under a contract of employment and is included as an expense in the profit and loss account.

In addition, the LLP agreement provides that fixed amounts, determined for each member each year, be paid to members, irrespective of the profits of the LLP. These amounts are included within members' remuneration charged as an expense.

Profits are treated as being available for discretionary division only if the the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Once agreement has been reached to divide the profits, a members' share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses remain included within 'other reserves'.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Furniture, fittings and equipment
20% straight line
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Members' Interests
Members' interests are classified as either equity or debt.

Equity interests comprise any capital introduced classified as equity, any unallocated profits, any revaluation reserve and any other reserves.

Loans and other debts due to members comprise any capital introduced but classified as a liability, any loans from members, amounts due to members in respect of allocated profits less drawings and any other amounts that the LLP is contractually obliged to repay to members.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
3
Employees
2023
2022
Number
Number
The average number of persons employed during the year was:
2
2
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost
At 1 May 2022
20,90420,904
Additions
3232
At 30 April 2023
20,93620,936
Depreciation
At 1 May 2022
13,03513,035
Charge for the year
4,1804,180
At 30 April 2023
17,21517,215
Net book values
At 30 April 2023
3,7213,721
At 30 April 2022
7,869
7,869
5
Debtors
2023
2022
£
£
Trade debtors
12914,100
Amounts owed by members
-178,266
Other debtors
2,0002,000
2,129194,366
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
1,597-
Trade creditors
-
(129)
Other taxes and social security
52,05559,992
Other creditors
809-
Accruals and deferred income
10,0387,637
64,49967,500
7
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
42,16542,892
Other loans
(10,874)
(300)
31,29142,592
8
Loans and other debts due to members
2023
2022
£
£
Amounts due to members in respect of profits
-
178,266
-
178,266
-
178,266
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