| Dardail LLP |
| Registered number: |
OC385135 |
| Balance Sheet |
| as at 31 March 2025 |
| Notes |
|
2025 |
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
33,981 |
|
44,052 |
| Investments |
4 |
|
4,496,214 |
|
4,496,214 |
|
|
|
4,530,195 |
|
4,540,266 |
| Current assets |
|
|
|
|
|
| Cash at bank and in hand |
|
|
2,171 |
|
2,111 |
|
| Creditors: amounts falling due within one year |
5 |
|
(44,954) |
|
(58,718) |
|
| Net current liabilities |
|
|
(42,783) |
|
(56,607) |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
4,487,412 |
|
4,483,659 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
(3,896,225) |
|
(3,900,422) |
|
|
| Net assets attributable to members |
591,187 |
|
583,237 |
|
|
|
|
|
|
| Represented by: |
|
|
|
|
|
|
| Members' other interests |
| Members' capital classified as equity |
|
|
705,083 |
|
630,060 |
| Other reserves |
|
|
(113,896) |
|
(46,823) |
|
|
|
591,187 |
|
583,237 |
|
|
|
|
|
|
|
|
|
591,187 |
|
583,237 |
|
|
|
|
|
|
| Total members' interests |
| Members' other interests |
|
|
591,187 |
|
583,237 |
|
|
|
|
591,187 |
|
583,237 |
|
|
|
|
|
|
| For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs). |
| The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
| These accounts were approved by the members on 7 July 2025 and signed on their behalf by: |
|
|
| M A Iqbal LLB |
| Designated member |
|
| Dardail LLP |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships. |
|
|
Turnover |
|
Turnover represents net invoiced rents receivable. |
|
|
Division of profits |
|
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings, tools and equipment |
15% on reducing balance |
|
|
Investment property |
|
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
|
|
Members' capital |
|
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. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Fixtures and fittings |
|
Computer equipment |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
42,565 |
|
5,611 |
|
88,450 |
|
136,626 |
|
At 31 March 2025 |
42,565 |
|
5,611 |
|
88,450 |
|
136,626 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
35,547 |
|
3,205 |
|
53,822 |
|
92,574 |
|
Charge for the year |
1,053 |
|
361 |
|
8,657 |
|
10,071 |
|
At 31 March 2025 |
36,600 |
|
3,566 |
|
62,479 |
|
102,645 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
5,965 |
|
2,045 |
|
25,971 |
|
33,981 |
|
At 31 March 2024 |
7,018 |
|
2,406 |
|
34,628 |
|
44,052 |
|
|
| 4 |
Fixed asset investments |
|
| Investments |
| Property |
| £ |
|
Cost |
|
At 1 April 2024 |
4,496,214 |
|
|
At 31 March 2025 |
4,496,214 |
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
3,922 |
|
3,922 |
|
Other creditors |
41,032 |
|
54,796 |
|
|
|
|
|
|
44,954 |
|
58,718 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
3,896,225 |
|
3,900,422 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Dardail LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
First Floor |
|
295 Euston Road |
|
London |
|
NW1 3AD |