5 false false false false false false false false false false false false false false false false false No description of principal activity 2023-04-06 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP OC401236 2023-04-06 2024-04-05 OC401236 2024-04-05 OC401236 2023-04-05 OC401236 2022-04-06 2023-04-05 OC401236 2023-04-05 OC401236 2022-04-05 OC401236 core:LandBuildings core:LongLeaseholdAssets 2023-04-06 2024-04-05 OC401236 core:FurnitureFittings 2023-04-06 2024-04-05 OC401236 core:MotorVehicles 2023-04-06 2024-04-05 OC401236 bus:Director1 2023-04-06 2024-04-05 OC401236 core:WithinOneYear 2024-04-05 OC401236 core:WithinOneYear 2023-04-05 OC401236 core:LandBuildings 2023-04-05 OC401236 core:FurnitureFittings 2023-04-05 OC401236 core:MotorVehicles 2023-04-05 OC401236 core:LandBuildings 2024-04-05 OC401236 core:FurnitureFittings 2024-04-05 OC401236 core:MotorVehicles 2024-04-05 OC401236 core:LandBuildings 2023-04-06 2024-04-05 OC401236 core:AfterOneYear 2024-04-05 OC401236 core:AfterOneYear 2023-04-05 OC401236 core:LandBuildings 2023-04-05 OC401236 core:FurnitureFittings 2023-04-05 OC401236 core:MotorVehicles 2023-04-05 OC401236 bus:SmallEntities 2023-04-06 2024-04-05 OC401236 bus:AuditExemptWithAccountantsReport 2023-04-06 2024-04-05 OC401236 bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 OC401236 bus:LimitedLiabilityPartnershipLLP 2023-04-06 2024-04-05 OC401236 bus:FullAccounts 2023-04-06 2024-04-05
REGISTERED NUMBER: OC401236
DDR Das Och LLP T/A The Peoples Republic
Filleted Unaudited Financial Statements
For the year ended
5 April 2024
DDR Das Och LLP T/A The Peoples Republic
Statement of Financial Position
5 April 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
26,913
37,187
Current assets
Stocks
11,129
10,775
Debtors
6
59,678
50,298
Cash at bank and in hand
5,859
9,209
--------
--------
76,666
70,282
Creditors: amounts falling due within one year
7
28,964
22,272
--------
--------
Net current assets
47,702
48,010
--------
--------
Total assets less current liabilities
74,615
85,197
Creditors: amounts falling due after more than one year
8
27,783
30,496
--------
--------
Net assets
46,832
54,701
--------
--------
Represented by:
Loans and other debts due to members
Other amounts
9
39,531
40,975
Members' other interests
Other reserves
7,301
13,726
--------
--------
46,832
54,701
--------
--------
Total members' interests
Amounts due from members
(58,513)
(46,155)
Loans and other debts due to members
9
39,531
40,975
Members' other interests
7,301
13,726
--------
--------
(11,681)
8,546
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.
DDR Das Och LLP T/A The Peoples Republic
Statement of Financial Position (continued)
5 April 2024
For the year ending 5 April 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the members and authorised for issue on 29 January 2025 , and are signed on their behalf by:
Mr D R Rotheray
Designated Member
Registered number: OC401236
DDR Das Och LLP T/A The Peoples Republic
Notes to the Financial Statements
Year ended 5 April 2024
1.
General information
The LLP is registered in England and Wales. The address of the registered office is 35 Westbourne Avenue, Princes Avenue, Hull, HU5 3AA, East Yorkshire.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships.
3.
Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
(c) Taxation
The taxation of the LLP's profits is the personal liability of the members during the year and consequently neither taxation nor related deferred taxation are accounted for in the financial statements.
(d) Revenue recognition
Turnover from the sale of goods is recognised at the point of sale to the customer and is stated net of discounts and of Value Added Tax.
(e) Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
(f) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(g) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property improvements
-
10% straight line
Fixtures, fittings and Equipment
-
10% straight line
Motor vehicles
-
25% reducing balance
(h) Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
(i) Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Employee numbers
The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 5 (2023: 5 ).
5.
Tangible assets
Leasehold Property Imp'ment
Fixtures, fittings and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 6 April 2023
69,023
29,260
6,490
104,773
Additions
523
523
--------
--------
-------
----------
At 5 April 2024
69,023
29,783
6,490
105,296
--------
--------
-------
----------
Depreciation
At 6 April 2023
48,328
16,418
2,840
67,586
Charge for the year
6,904
2,980
913
10,797
--------
--------
-------
----------
At 5 April 2024
55,232
19,398
3,753
78,383
--------
--------
-------
----------
Carrying amount
At 5 April 2024
13,791
10,385
2,737
26,913
--------
--------
-------
----------
At 5 April 2023
20,695
12,842
3,650
37,187
--------
--------
-------
----------
6.
Debtors
2024
2023
£
£
Other debtors
59,678
50,298
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,200
10,200
Trade creditors
6,531
3,628
Accruals
6,937
3,715
Social security and other taxes
5,296
4,729
--------
--------
28,964
22,272
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
27,783
30,496
--------
--------
9.
Loans and other debts due to members
2024
2023
£
£
Amounts owed to members in respect of profits
39,531
40,975
--------
--------
Loans and other debts due to members rank equally with debts due to other creditors in a winding up.