IRIS Accounts Production v24.3.0.553 OC361587 designated member 1.3.23 29.2.24 29.2.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3615872023-02-28OC3615872024-02-29OC3615872023-03-012024-02-29OC3615872022-02-28OC3615872022-03-012023-02-28OC3615872023-02-28OC361587ns15:EnglandWales2023-03-012024-02-29OC361587ns14:PoundSterling2023-03-012024-02-29OC361587ns10:PartnerLLP12023-03-012024-02-29OC361587ns10:LimitedLiabilityPartnershipLLP2023-03-012024-02-29OC361587ns10:SmallEntities2023-03-012024-02-29OC361587ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-29OC361587ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-29OC361587ns10:LimitedLiabilityPartnershipsSORP2023-03-012024-02-29OC361587ns10:FullAccounts2023-03-012024-02-29OC361587ns10:RegisteredOffice2023-03-012024-02-29OC361587ns5:CurrentFinancialInstruments2024-02-29OC361587ns5:CurrentFinancialInstruments2023-02-28OC361587ns5:PlantMachinery2023-02-28OC361587ns5:PlantMachinery2023-03-012024-02-29OC361587ns5:PlantMachinery2024-02-29OC361587ns5:PlantMachinery2023-02-28OC361587ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-29OC361587ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28
REGISTERED NUMBER: OC361587 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

David Gold & Associates LLP

David Gold & Associates LLP (Registered number: OC361587)

Contents of the Financial Statements
for the year ended 29 February 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


David Gold & Associates LLP

General Information
for the year ended 29 February 2024







Designated members: Lord David Gold
Marylebone Capital Investments Limited





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: OC361587 (England and Wales)






David Gold & Associates LLP (Registered number: OC361587)

Balance Sheet
29 February 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 5 49,030 62,380

Current assets
Debtors 6 43,224 14,675
Cash at bank 979,993 613,463
1,023,217 628,138
Creditors
Amounts falling due within one year 7 9,701 6,926
Net current assets 1,013,516 621,212
Total assets less current liabilities
and
Net assets attributable to members 1,062,546 683,592

Loans and other debts due to members 8 1,062,546 683,592

Total members' interests
Loans and other debts due to members 8 1,062,546 683,592

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 29 February 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.

David Gold & Associates LLP (Registered number: OC361587)

Balance Sheet - continued
29 February 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 12 November 2024 and were signed by:





Lord David Gold - Designated member

David Gold & Associates LLP (Registered number: OC361587)

Notes to the Financial Statements
for the year ended 29 February 2024


1. Statutory information

David Gold & Associates 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Set out below is a summary of the principal accounting policies, all of which have been applied consistently (except as otherwise stated).

Significant judgements and estimates
In applying the LLP's accounting policies, the members are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The members' judgements, estimated and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Key sources of estimation uncertainty
The key assumptions concerning the future, and other key sources of estimation uncertainty that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below:

(ii) Recoverability of receivables
The LLP establishes a provision for receivables that are estimated not to be recoverable. When assessing recoverability the members consider factors such as the aging of the receivables, past experience and recoverability, and the credit profile of individual or groups of customers.

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

Computer Equipment over 3 years

Motor Vehicles over 5 years

David Gold & Associates LLP (Registered number: OC361587)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


3. Accounting policies - continued

Financial instruments
Financial assets and liabilities are recognised when the LLP becomes party to the contractual provisions of the financial instrument. The LLP holds financial instruments which comprise cash and cash equivalents, trade and other receivables, trade and other payables, and borrowings. The LLP has chosen to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments in full.

Financial assets - classified as basic financial instruments

(i) Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

(ii) Trade and other receivables
Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

At the end of each reporting period, the LLP assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the LLP will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in profit or loss.

(iii) Trade and other payables and loans and borrowings
Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the discounted amount of the cash expected to be paid.

Going concern
These financial statements have been prepared on a going concern basis.

The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubts upon the LLP's ability to continue as a going concern. Thus the members have continued to adopt the going concern basis of accounting in preparing these financial statements.
.

4. Employee information

The average number of employees during the year was 1 (2023 - NIL ) .

David Gold & Associates LLP (Registered number: OC361587)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


5. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 March 2023
and 29 February 2024 64,770
Depreciation
At 1 March 2023 2,390
Charge for year 13,350
At 29 February 2024 15,740
Net book value
At 29 February 2024 49,030
At 28 February 2023 62,380

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 43,224 -
Other debtors - 14,675
43,224 14,675

7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 4,379 6,926
Taxation and social security 5,322 -
9,701 6,926

8. Loans and other debts due to members

In the event of winding up the amounts included in 'Loans and other debts due to members' will rank equally with unsecured creditors.