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REGISTERED NUMBER: OC318407 (England and Wales)















Financial Statements for the Period 1 May 2023 to 31 March 2024

for

Gould Property Consultants LLP

Gould Property Consultants LLP (Registered number: OC318407)






Contents of the Financial Statements
for the Period 1 May 2023 to 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gould Property Consultants LLP

General Information
for the Period 1 May 2023 to 31 March 2024







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
31 March 2024

31.3.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 32,363 43,431
32,363 43,431

CURRENT ASSETS
Amount receivable on contracts 38,871 40,940
Debtors 6 212,942 198,417
Cash at bank and in hand 80,247 77,025
332,060 316,382
CREDITORS
Amounts falling due within one year 7 115,283 113,955
NET CURRENT ASSETS 216,777 202,427
TOTAL ASSETS LESS CURRENT
LIABILITIES

249,140

245,858

CREDITORS
Amounts falling due after more than one
year

8

200,000

200,000
NET ASSETS ATTRIBUTABLE TO
MEMBERS

49,140

45,858

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

49,140

45,858

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 49,140 45,858
Amounts due from members 6 (7,073 ) (9,871 )
42,067 35,987

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 period ended 31 March 2024.

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
31 March 2024


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 29 July 2024 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 Period 1 May 2023 to 31 March 2024

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 period was 14 (2023 - 16 ) .

Gould Property Consultants LLP (Registered number: OC318407)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 31 March 2024 12,000
AMORTISATION
At 1 May 2023
and 31 March 2024 12,000
NET BOOK VALUE
At 31 March 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Short Fixtures
leasehold and Motor Computer
improvements fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 16,991 3,180 101,310 52,141 173,622
Additions - - - 1,546 1,546
At 31 March 2024 16,991 3,180 101,310 53,687 175,168
DEPRECIATION
At 1 May 2023 16,991 3,180 62,600 47,420 130,191
Charge for period - - 8,879 3,735 12,614
At 31 March 2024 16,991 3,180 71,479 51,155 142,805
NET BOOK VALUE
At 31 March 2024 - - 29,831 2,532 32,363
At 30 April 2023 - - 38,710 4,721 43,431

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.4.23
£    £   
Trade debtors 155,771 136,808
Other debtors 57,171 61,609
212,942 198,417

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.4.23
£    £   
Trade creditors 48,284 37,675
Taxation and social security 45,069 66,480
Other creditors 21,930 9,800
115,283 113,955

Gould Property Consultants LLP (Registered number: OC318407)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 30.4.23
£    £   
Other creditors 200,000 200,000

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.24 30.4.23
£    £   
Amounts owed to members in respect of profits 49,140 45,858

Falling due within one year 49,140 45,858

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:

2024 2023
£ £
Mrs I J Baker 62,000 62,000
Mrs J M Mole 60,000 60,000
Mrs C Holt 50,000 50,000
Mrs H Harrington 6,000 6,000
Mrs H Kemp 22,000 22,000

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 £18,333.

11. ULTIMATE CONTROLLING PARTY

The entity is controlled by the designated members