REGISTERED NUMBER: OC438585 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

GDAB LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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)

FIXED ASSETS

Tangible assets

4

16,242,386

16,385,096

CURRENT ASSETS

Debtors

5

1,481,763

1,029,767

Cash at bank

1,180

170,838

1,482,943

1,200,605

CREDITORS

Amounts falling due within one year

6

540,369

543,451

NET CURRENT ASSETS

942,574

657,154

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

17,184,960

17,042,250

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

17,184,960

17,042,250

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

17,184,960

17,042,250

Amounts due from members

5

(526,763

)

(341,600

)

16,658,197

16,700,650

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 2025.

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 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 31 May 2026 and were signed by:

A J Bell - Designated member

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 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

and 31 August 2025

16,727,083

DEPRECIATION

At 1 September 2024

341,987

Charge for year

142,710

At 31 August 2025

484,697

NET BOOK VALUE

At 31 August 2025

16,242,386

At 31 August 2024

16,385,096

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

719,075

529,529

Other debtors

762,688

500,238

1,481,763

1,029,767

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

347,067

419,985

Taxation and social security

18,151

20,267

Other creditors

175,151

103,199

540,369

543,451

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 £295.867 owed by Mr AJ Bell and £341,469 by Mr G Downing on account of services during the year.

Turnover includes services supplied to members as follows:

Mr A J Bell £1,244,775 (2024: £941,114)

Mr G M Downing £ 838,620 (2024: £684,114)

9.	ULTIMATE CONTROLLING PARTY

AJ Bell and GM Downing exercise joint control.