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REGISTERED NUMBER: OC438585 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

GDAB LLP

GDAB LLP (Registered number: OC438585)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GDAB LLP

General Information
for the Year Ended 31 August 2024







DESIGNATED MEMBERS: A J Bell
G M Downing





REGISTERED OFFICE: c/o UHY Hacker Young
3rd Floor
86-90 Paul Street
London
London
EC2A 4NE





REGISTERED NUMBER: OC438585 (England and Wales)






GDAB LLP (Registered number: OC438585)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,385,096 16,561,995

CURRENT ASSETS
Debtors 5 1,029,767 711,470
Cash at bank 170,838 244,249
1,200,605 955,719
CREDITORS
Amounts falling due within one year 6 543,451 646,447
NET CURRENT ASSETS 657,154 309,272
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

17,042,250

16,871,267

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

17,042,250

16,871,267

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 17,042,250 16,871,267
Amounts due from members 5 (341,600 ) (87,252 )
16,700,650 16,784,015

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 August 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.

GDAB LLP (Registered number: OC438585)

Balance Sheet - continued
31 August 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 23 June 2025 and were signed by:





A J Bell - Designated member

GDAB LLP (Registered number: OC438585)

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

1. STATUTORY INFORMATION

GDAB 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.
Plant and machinery etc - at varying rates on cost

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 16,726,417
Additions 666
At 31 August 2024 16,727,083
DEPRECIATION
At 1 September 2023 164,422
Charge for year 177,565
At 31 August 2024 341,987
NET BOOK VALUE
At 31 August 2024 16,385,096
At 31 August 2023 16,561,995

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 529,529 615,173
Other debtors 500,238 96,297
1,029,767 711,470

GDAB LLP (Registered number: OC438585)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 419,985 459,144
Taxation and social security 20,267 23,252
Other creditors 103,199 164,051
543,451 646,447

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank behind other creditors.

8. RELATED PARTY DISCLOSURES

Trade Debtors includes £11,845 owed by Mr AJ Bell and £390,520 by Mr G Downing on account of services during the year.

Turnover includes services supplied to members as follows:

Mr A J Bell £941,114 (2023: £998.042)
Mr G M Downing £684,114 (2023: £472,354)

9. ULTIMATE CONTROLLING PARTY

AJ Bell and GM Downing exercise joint control.