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Registration number: OC309674

Danrosads LLP

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Danrosads LLP

Contents

Limited liability partnership information

1

Financial Statements

2 to 8

Balance Sheet

2

Statement of Changes in Members’ Interests

4

Notes to the Financial Statements

6

 

Danrosads LLP

Limited liability partnership information

Designated members

J Loder-Betts

K Betts
 

Registered office

107 Cottimore Avenue
Walton-On-Thames
KT12 2AG

Accountants

Smart Accounting & Tax Solutions LLP
74A Station Road East
Oxted
Surrey
RH8 0PG

 

Danrosads LLP

(Registration number: OC309674)
Balance Sheet as at 31 March 2024

Note

2024
 £

2023
 £

Fixed assets

 

Tangible assets

3

12,057

16,358

Current assets

 

Cash and short-term deposits

 

4,527

3,427

Creditors: Amounts falling due within one year

4

(1,500)

(1,500)

Net current assets

 

3,027

1,927

Net assets attributable to members

 

15,084

18,285

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

(21,210)

(18,009)

Members’ other interests

 

Members' capital classified as equity

 

36,294

36,294

   

15,084

18,285

Total members' interests

 

Loans and other debts due to members

 

(21,210)

(18,009)

Equity

 

36,294

36,294

   

15,084

18,285

 

Danrosads LLP

(Registration number: OC309674)
Balance Sheet as at 31 March 2024

For the year ending 31 March 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of Danrosads LLP (registered number OC309674) were approved by the Board and authorised for issue on 20 August 2024. They were signed on behalf of the limited liability partnership by:

.........................................
J Loder-Betts
Designated member

.........................................
K Betts
Designated member

 

Danrosads LLP

Statement of Changes in Members’ Interests
At 31 March 2024

 

Equity

 

Loans and other debts due to/(from) members

   

Members' capital
£

Total equity
£

Members' capital classified as a liability
£

Members' other amounts
£

Total debt
£

Total
2024
£

Members' interest at 1 April 2023

36,294

36,294

(18,009)

-

(18,009)

18,285

Members' remuneration charged as an expense

-

-

-

6,275

6,275

6,275

Members' interests after total comprehensive income

36,294

36,294

(18,009)

6,275

(11,734)

24,560

Drawings (including tax payments)

-

-

-

(9,476)

(9,476)

(9,476)

At 31 March 2024

36,294

36,294

(18,009)

(3,201)

(21,210)

15,084

 

Danrosads LLP

Statement of Changes in Members’ Interests
At 31 March 2024

 

Equity

 

Loans and other debts due to/(from) members

   

Members' capital
£

Total equity
£

Members' capital classified as a liability
£

Members' other amounts
£

Total debt
£

Total
2023
£

Members' interest at 1 April 2022

36,294

36,294

(14,253)

-

(14,253)

22,041

Members' remuneration charged as an expense

-

-

-

11,087

11,087

11,087

Members' interests after total comprehensive income

36,294

36,294

(14,253)

11,087

(3,166)

33,128

Drawings (including tax payments)

-

-

-

(14,843)

(14,843)

(14,843)

At 31 March 2023

36,294

36,294

(14,253)

(3,756)

(18,009)

18,285

 

Danrosads LLP

Notes to the Financial Statements for the Year Ended 31 March 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of Danrosads LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

 

Danrosads LLP

Notes to the Financial Statements for the Year Ended 31 March 2024

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Office equipment

25% Straight line

Motor vehicles

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Danrosads LLP

Notes to the Financial Statements for the Year Ended 31 March 2024

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 1 (2023 - 1).

3

Tangible fixed assets

Motor vehicles
 £

Office equipment
 £

Total
£

Cost

At 1 April 2023

36,294

2,789

39,083

At 31 March 2024

36,294

2,789

39,083

Depreciation

At 1 April 2023

20,982

1,743

22,725

Charge for the year

3,828

473

4,301

At 31 March 2024

24,810

2,216

27,026

Net book value

At 31 March 2024

11,484

573

12,057

At 31 March 2023

15,312

1,046

16,358

4

Creditors: Amounts falling due within one year

2024
£

2023
£

Accruals and deferred income

1,500

1,500