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REGISTERED NUMBER: OC414617 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

ADPL LLP

ADPL LLP (REGISTERED NUMBER: OC414617)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADPL LLP

General Information
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: Mr Tugrul Yigitoglu
Mr Mehmet Gazioglu





REGISTERED OFFICE: 293 Green Lanes
Palmers Green
London
N13 4XS





REGISTERED NUMBER: OC414617 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
N13 4XS

ADPL LLP (REGISTERED NUMBER: OC414617)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 40,000 50,000
Tangible assets 5 100,202 110,186
140,202 160,186

CURRENT ASSETS
Debtors 6 85,529 117,408
Cash at bank and in hand 352,882 366,733
438,411 484,141
CREDITORS
Amounts falling due within one year 7 343,339 455,086
NET CURRENT ASSETS 95,072 29,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,274

189,241

CREDITORS
Amounts falling due after more than one
year

8

46,750

46,750
NET ASSETS ATTRIBUTABLE TO
MEMBERS

188,524

142,491

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

188,524

142,491

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 188,524 142,491

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.

ADPL LLP (REGISTERED NUMBER: OC414617)

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 21 November 2024 and were signed by:




Mr Tugrul Yigitoglu - Designated member




Mr Mehmet Gazioglu - Designated member


ADPL LLP (REGISTERED NUMBER: OC414617)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

ADPL 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 as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
> the amount of revenue can be measured reliably;
> it is probable that the Company will receive the consideration due under the contract;
>the stage of completion of the contract at the end of the reporting period can be measured reliably; and
>the costs incurred and the costs to complete the contract can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

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.
Improvements to property - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 10% 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 14 (2023 - 14 ) .

ADPL LLP (REGISTERED NUMBER: OC414617)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 100,000
AMORTISATION
At 1 April 2023 50,000
Charge for year 10,000
At 31 March 2024 60,000
NET BOOK VALUE
At 31 March 2024 40,000
At 31 March 2023 50,000

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 18,932 21,495 5,082 130,324 175,833
Additions - - - 1,382 1,382
At 31 March 2024 18,932 21,495 5,082 131,706 177,215
DEPRECIATION
At 1 April 2023 8,161 8,802 3,000 45,684 65,647
Charge for year 1,078 1,270 416 8,602 11,366
At 31 March 2024 9,239 10,072 3,416 54,286 77,013
NET BOOK VALUE
At 31 March 2024 9,693 11,423 1,666 77,420 100,202
At 31 March 2023 10,771 12,693 2,082 84,640 110,186

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 85,529 117,408

ADPL LLP (REGISTERED NUMBER: OC414617)

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 3,035 -
Trade creditors 15,914 137,081
Taxation and social security 123,714 113,785
Other creditors 200,676 204,220
343,339 455,086

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 46,750 46,750

9. FINANCIAL INSTRUMENTS

The LLP only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event.There are no restrictions or limitations on the ability of the members to reduce the amount of Members’ other interests.