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REGISTERED NUMBER: SO304366 (Scotland)















Report of the Members and

Unaudited Financial Statements for the Year Ended 30 April 2024

for

The Dalk Partnership LLP

The Dalk Partnership LLP (Registered number: SO304366)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


The Dalk Partnership LLP

General Information
for the Year Ended 30 April 2024







DESIGNATED MEMBERS: D I Hunter
Mrs A G K Hunter





REGISTERED OFFICE: Hunter Advisers
185
St Vincent Street
Glasgow
G2 5QD





REGISTERED NUMBER: SO304366 (Scotland)





ACCOUNTANTS: Key Professional Partnership Ltd
Unit 3
Morris Park
37 Rosyth Road
Glasgow
G5 0YE

The Dalk Partnership LLP (Registered number: SO304366)

Report of the Members
for the Year Ended 30 April 2024

The members present their report with the financial statements of the LLP for the year ended 30 April 2024.

DESIGNATED MEMBERS
The designated members during the year under review were:

D I Hunter
Mrs A G K Hunter

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £3,150 (2023 - £20,852 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





D I Hunter - Designated member


7 January 2025

The Dalk Partnership LLP (Registered number: SO304366)

Income Statement
for the Year Ended 30 April 2024

30.4.24 30.4.23
£    £   

TURNOVER 4,058 21,529

Administrative expenses 908 827
OPERATING PROFIT 3,150 20,702

Interest receivable and similar income - 150
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




3,150




20,852

The Dalk Partnership LLP (Registered number: SO304366)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 255,837 281,020

CURRENT ASSETS
Debtors 5 76,117 72,059
Cash at bank 14,482 80,027
90,599 152,086
CREDITORS
Amounts falling due within one year 6 1,596 1,416
NET CURRENT ASSETS 89,003 150,670
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

344,840

431,690

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

344,840

431,690

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 344,840 431,690

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 30 April 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.

The Dalk Partnership LLP (Registered number: SO304366)

Balance Sheet - continued
30 April 2024


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 7 January 2025 and were signed by:





D I Hunter - Designated member

The Dalk Partnership LLP (Registered number: SO304366)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

The Dalk Partnership LLP is registered in Scotland. 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.

3. EMPLOYEE INFORMATION

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023 281,020
Additions 41,096
Disposals (66,279 )
At 30 April 2024 255,837
NET BOOK VALUE
At 30 April 2024 255,837
At 30 April 2023 281,020

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 76,117 72,059

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other creditors 1,596 1,416

The Dalk Partnership LLP (Registered number: SO304366)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
30.4.24 30.4.23
£    £   
Amounts owed to members in respect of profits 344,840 431,690

Falling due within one year 344,840 431,690

Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.