Dave Gould Properties LLP - LLP accounts 24.3

REGISTERED NUMBER: OC334561 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

DAVE GOULD PROPERTIES LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

C A Gould

Mayfair Property Renovations Limited

REGISTERED OFFICE:

20 Havelock Road

Hastings

East Sussex

TN34 1BP

REGISTERED NUMBER:

OC334561 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

The members present their report with the financial statements of the LLP for the year ended 31 March 2026.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of property rental.

DESIGNATED MEMBERS

The designated members during the year under review were:

C A Gould

Mayfair Property Renovations Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £4,343 (2025 - £25,901 loss).

MEMBERS' INTERESTS

The policies regarding the allocation of profits to members, drawings and the subscription and repayment of members' capital are disclosed in the accounting policies, note 2 of the financial statements.

The members' interests are disclosed in note 13 of the financial statements.

ON BEHALF OF THE MEMBERS:

C A Gould - Designated member

2 October 2026

TURNOVER

-

Administrative expenses

(30,944

)

(34,657

)

(30,944

)

(34,657

)

Other operating income

90,000

94,451

OPERATING PROFIT

4

59,056

59,794

Interest payable and similar expenses

(63,399

)

(85,695

)

LOSS FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS

(4,343

)

(25,901

)

FIXED ASSETS

Tangible assets

5

12,822

17,096

Investment property

6

2,650,000

2,662,822

2,667,096

CURRENT ASSETS

Stocks

7

63,931

Debtors

8

-

2,473

Cash at bank

5,316

5,818

69,247

72,222

CREDITORS

Amounts falling due within one year

9

66,039

66,400

NET CURRENT ASSETS

3,208

5,822

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,666,030

2,672,918

CREDITORS

Amounts falling due after more than one
year

10

1,179,917

NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,486,113

1,493,001

LOANS AND OTHER DEBTS DUE TO
MEMBERS

13

1,486,113

1,493,001

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

13

1,486,113

1,493,001

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 March 2026.

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 2 October 2026 and were signed by:

C A Gould - Designated member

1.	STATUTORY INFORMATION

Dave Gould Properties 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 as modified by the revaluation of certain assets.

The partner's have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% 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.

Investment properties are not depreciated, due to annual revaluations.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Capital subscription and repayment

The capital requirements of the LLP is determined from time to time by the Designated Members. The amount of capital subscribed by each member is linked to the earnings allocated to that member. No interest is paid on capital.

Profit allocation

The allocation of profits to those who were members during the year is made by unanimous vote of the Designated Members.

During the year members draw sums as agreed by the Designated Members, taking into account the LLP's cash requirements for operating and investing activities.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2025 - NIL).

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.26

31.3.25

£

Depreciation - owned assets

4,274

5,699

5.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2025

and 31 March 2026

22,795

DEPRECIATION

At 1 April 2025

5,699

Charge for year

4,274

At 31 March 2026

9,973

NET BOOK VALUE

At 31 March 2026

12,822

At 31 March 2025

17,096

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

2,650,000

NET BOOK VALUE

At 31 March 2026

2,650,000

At 31 March 2025

2,650,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2009

174,495

Valuation in 2010

126,408

Valuation in 2011

(7,065

)

Valuation in 2012

20,000

Valuation in 2017

611,006

Valuation in 2019

74,625

Valuation in 2020

(16,625

)

Valuation in 2021

304,300

Valuation in 2024

(111,676

)

Valuation in 2025

(87,467

)

Cost

1,561,999

2,650,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.26

31.3.25

£

Cost

1,561,999

Investment property was valued on an open market basis on 31 March 2026 by the members .

7.

STOCKS

31.3.26

31.3.25

£

Work-in-progress

63,931

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

-

2,473

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bank loans and overdrafts (see note 11)

63,399

Trade creditors

-

1

Accrued expenses

2,640

3,000

66,039

66,400

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

Bank loans (see note 11)

1,179,917

11.

LOANS

An analysis of the maturity of loans is given below:

31.3.26

31.3.25

£

Amounts falling due within one year or on demand:

Bank loans - less than 1 yr

63,399

Amounts falling due between one and two years:

Bank loans - 1-2 years

63,399

Amounts falling due between two and five years:

Bank loans - 2-5 years

1,116,518

12.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

Bank loans

1,243,316

The mortgages are secured against investment properties held by the LLP.

13.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.26

31.3.25

£

Amounts owed to members in respect of profits

1,486,113

1,493,001

Falling due within one year

1,486,113

1,493,001

The amounts shown in 'Loans and other debts due to member's' would rank after other unsecured creditors in the event of a winding up.