IRIS Accounts Production v24.3.0.553 OC366488 designated member designated member 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3664882023-03-31OC3664882024-03-31OC3664882023-04-012024-03-31OC3664882022-03-31OC3664882022-04-012023-03-31OC3664882023-03-31OC366488ns15:EnglandWales2023-04-012024-03-31OC366488ns14:PoundSterling2023-04-012024-03-31OC366488ns10:PartnerLLP12023-04-012024-03-31OC366488ns10:PartnerLLP22023-04-012024-03-31OC366488ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC366488ns10:SmallEntities2023-04-012024-03-31OC366488ns10:AuditExemptWithAccountantsReport2023-04-012024-03-31OC366488ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC366488ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31OC366488ns10:FullAccounts2023-04-012024-03-31OC366488ns10:PartnerLLP32023-04-012024-03-31OC366488ns10:PartnerLLP42023-04-012024-03-31OC366488ns10:RegisteredOffice2023-04-012024-03-31OC366488ns5:CurrentFinancialInstruments2024-03-31OC366488ns5:CurrentFinancialInstruments2023-03-31OC366488ns5:Non-currentFinancialInstruments2024-03-31OC366488ns5:Non-currentFinancialInstruments2023-03-31OC366488ns5:FurnitureFittings2023-04-012024-03-31OC366488ns5:MotorVehicles2023-04-012024-03-31OC366488ns5:ComputerEquipment2023-04-012024-03-31OC366488ns5:FurnitureFittings2023-03-31OC366488ns5:MotorVehicles2023-03-31OC366488ns5:ComputerEquipment2023-03-31OC366488ns5:FurnitureFittings2024-03-31OC366488ns5:MotorVehicles2024-03-31OC366488ns5:ComputerEquipment2024-03-31OC366488ns5:FurnitureFittings2023-03-31OC366488ns5:MotorVehicles2023-03-31OC366488ns5:ComputerEquipment2023-03-31OC366488ns5:CostValuation2023-03-31OC366488ns5:AdditionsToInvestments2024-03-31OC366488ns5:CostValuation2024-03-31OC366488ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31OC366488ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: OC366488 (England and Wales)














Financial Statements for the Year Ended 31 March 2024

for

GDA Financial Partners LLP

GDA Financial Partners LLP (Registered number: OC366488)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

GDA Financial Partners LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: Mrs J C Amodio
Ms C Alexander





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: OC366488 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

GDA Financial Partners LLP (Registered number: OC366488)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,447 7,370
Investments 5 31,837 25,151
38,284 32,521

CURRENT ASSETS
Debtors 6 44,462 52,286
Cash at bank 10,710 28,165
55,172 80,451
CREDITORS
Amounts falling due within one year 7 37,867 40,651
NET CURRENT ASSETS 17,305 39,800
TOTAL ASSETS LESS CURRENT LIABILITIES 55,589 72,321

CREDITORS
Amounts falling due after more than one
year

8

12,408

21,667
NET ASSETS ATTRIBUTABLE TO MEMBERS 43,181 50,654

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

43,181

50,654

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 43,181 50,654

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 year 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.

GDA Financial Partners LLP (Registered number: OC366488)

Statement of Financial Position - 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 30 July 2024 and were signed by:




Mr G Caley - Designated member




Ms M Alexander - Designated member


GDA Financial Partners LLP (Registered number: OC366488)

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

1. STATUTORY INFORMATION

GDA Financial Partners LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2023 - 4 ) .

GDA Financial Partners LLP (Registered number: OC366488)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 2,929 4,500 13,844 21,273
Additions 994 - - 994
At 31 March 2024 3,923 4,500 13,844 22,267
DEPRECIATION
At 1 April 2023 2,186 4,500 7,217 13,903
Charge for year 261 - 1,656 1,917
At 31 March 2024 2,447 4,500 8,873 15,820
NET BOOK VALUE
At 31 March 2024 1,476 - 4,971 6,447
At 31 March 2023 743 - 6,627 7,370

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 25,151
Additions 6,686
At 31 March 2024 31,837
NET BOOK VALUE
At 31 March 2024 31,837
At 31 March 2023 25,151

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 44,462 44,059
Other debtors - 8,227
44,462 52,286

GDA Financial Partners LLP (Registered number: OC366488)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 2,345 2,503
Taxation and social security 1,997 1,915
Other creditors 23,525 26,233
37,867 40,651

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,408 21,667

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members have no preferential rank in relation to other creditors.

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
GDA Financial Partners LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of GDA Financial Partners LLP for the year ended 31 March 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of GDA Financial Partners LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of GDA Financial Partners LLP and state those matters that we have agreed to state to the members of GDA Financial Partners LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GDA Financial Partners LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that GDA Financial Partners LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GDA Financial Partners LLP. You consider that GDA Financial Partners LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of GDA Financial Partners LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY


Date: .............................................