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REGISTERED NUMBER: OC352349 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

HACKETT GRIFFEY LLP

HACKETT GRIFFEY LLP (REGISTERED NUMBER: OC352349)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HACKETT GRIFFEY LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: J M Griffey
S J Iron
Mrs N A Harris





REGISTERED OFFICE: 31 High Street
Haverhill
Suffolk
CB9 8AD





REGISTERED NUMBER: OC352349 (England and Wales)






HACKETT GRIFFEY LLP (REGISTERED NUMBER: OC352349)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 20,688 26,592
20,688 26,592

CURRENT ASSETS
Debtors 6 419,466 374,206
Cash at bank and in hand 367,017 370,008
786,483 744,214
CREDITORS
Amounts falling due within one year 7 302,948 305,844
NET CURRENT ASSETS 483,535 438,370
TOTAL ASSETS LESS CURRENT
LIABILITIES

504,223

464,962

CREDITORS
Amounts falling due after more than one
year

8

31,667

40,833
NET ASSETS ATTRIBUTABLE TO
MEMBERS

472,556

424,129

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

472,556

424,129

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 472,556 424,129
Amounts due from members 6 (39,219 ) -
433,337 424,129

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 2023.

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.

HACKETT GRIFFEY LLP (REGISTERED NUMBER: OC352349)

BALANCE SHEET - continued
31 MARCH 2023


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 18 September 2023 and were signed by:




J M Griffey - Designated member




S J Iron - Designated member


HACKETT GRIFFEY LLP (REGISTERED NUMBER: OC352349)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Hackett Griffey LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the value of fees and commissions earned in the period, net of VAT.

Revenue in respect of professional services is recognised by reference to the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. Unbilled revenue is included within debtors as accrued income.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, has been amortised in full.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% on cost
Computer equipment - 25% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 10 (2022 - 10 ) .

HACKETT GRIFFEY LLP (REGISTERED NUMBER: OC352349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 11,795
AMORTISATION
At 1 April 2022
and 31 March 2023 11,795
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 April 2022 37,425 25,014 62,439
Additions - 4,965 4,965
Disposals (255 ) (2,102 ) (2,357 )
At 31 March 2023 37,170 27,877 65,047
DEPRECIATION
At 1 April 2022 20,492 15,355 35,847
Charge for year 6,780 4,089 10,869
Eliminated on disposal (255 ) (2,102 ) (2,357 )
At 31 March 2023 27,017 17,342 44,359
NET BOOK VALUE
At 31 March 2023 10,153 10,535 20,688
At 31 March 2022 16,933 9,659 26,592

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 239,692 231,033
Accrued fees 80,694 89,203
Other debtors 400 -
Prepayments 59,461 53,970
380,247 374,206

Amounts falling due after more than one year:
Amounts due from members 39,219 -

Aggregate amounts 419,466 374,206

HACKETT GRIFFEY LLP (REGISTERED NUMBER: OC352349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. DEBTORS - continued

Within debtors is a loan to a member of £39,219 which is repayable 30 April 2027. Interest of £1,719 at a rate of 5% p.a. was charged on the loan and is included in the balance.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 9,167
Trade creditors 47,612 44,998
VAT 88,628 83,371
Other creditors 1,205 14,183
Fees received in advance 124,357 126,752
Accrued expenses 31,146 27,373
302,948 305,844

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 31,667 40,833

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.

10. OTHER FINANCIAL COMMITMENTS

The total amount of operating lease commitments is £Nil (2022 - £Nil).