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DTL DATA SCIENCE CARRY LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
DTL Data Science Carry LLP is a Limited Liability Partnership (LLP) incorporated in England and Wales. Its registered office address is c/o Mills & Reeve LLP, Botanic House, 100 Hills Road, Cambridge, CB2 1PH. Its principal place of business is Polshot Manor, Fulbrook Lane, Elstead, GU8 6LG.
During the previous period, the LLP changed its financial year end from 31 August 2024 to 31 March 2024 for internal reporting purposes. The comparative figures therefore cover the period from 1 September 2023 to 31 March 2024 and so are not entirely comparable.
The LLP's functional and presentational currency is GBP.
2.ACCOUNTING POLICIES
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BASIS OF PREPARATION OF FINANCIAL STATEMENTS
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006 and the requirements of the Statement of Recommended Practise (SORP) "Accounting by Limited Liability Partnerships". The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The members have prepared the financial statements on a going concern basis which assumes that the LLP will be able to continue in operational existence for the foreseeable future, being a period of not less than 12 months from the date of approval of the financial statements.
Accelerator Advisory Limited, designated member, has provided written confirmation that it will provide sufficient financial resources to the LLP so that it can meet its liabilities as they fall due for a period of not less than 12 months from the date of approval of the financial statements.
The members have considered the adequacy of the LLP's financial resources at the time of approving the financial statements, and are satisfied that sufficient funds will be available for the LLP for the foreseeable future. On the basis of their review, the members have a reasonable expectation that the LLP will continue in operational existence and have sufficient resources to meet its liabilities as they fall due. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.
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ALLOCATION OF PROFITS AND DRAWINGS
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There are no members paid under a contract of employment.
During the year, the members set the level of members’ drawings after considering the interim profit calculations and the LLP’s working capital needs. The LLP agreement provides that the profit and loss, after a prior profit share, are allocated in reference to the profit sharing ratios as defined in Schedule 1 of the Partnership Agreement. Such payments are accounted for as an expense and are shown within members’ remuneration.
Investments are stated at historic cost less impairment.
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