IRIS Accounts Production v23.2.0.158 OC417664 designated member 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC4176642022-03-31OC4176642023-03-31OC4176642022-04-012023-03-31OC4176642021-05-31OC4176642021-06-012022-03-31OC4176642022-03-31OC417664ns16:EnglandWales2022-04-012023-03-31OC417664ns15:PoundSterling2022-04-012023-03-31OC417664ns11:Director12022-04-012023-03-31OC417664ns11:LimitedLiabilityPartnershipLLP2022-04-012023-03-31OC417664ns11:SmallEntities2022-04-012023-03-31OC417664ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-31OC417664ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-31OC417664ns11:LimitedLiabilityPartnershipsSORP2022-04-012023-03-31OC417664ns11:AbridgedAccounts2022-04-012023-03-31OC41766412022-04-012023-03-31OC417664ns11:Director22022-04-012023-03-31OC417664ns11:Director32022-04-012023-03-31OC417664ns11:RegisteredOffice2022-04-012023-03-31OC417664ns6:CurrentFinancialInstruments2023-03-31OC417664ns6:CurrentFinancialInstruments2022-03-31OC417664ns6:Non-currentFinancialInstruments2023-03-31OC417664ns6:Non-currentFinancialInstruments2022-03-31OC417664ns6:NetGoodwill2022-04-012023-03-31OC417664ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31OC417664ns6:OwnedOrFreeholdAssetsns6:LandBuildings2022-04-012023-03-31OC417664ns6:LeaseholdImprovements2022-04-012023-03-31OC417664ns6:PlantMachinery2022-04-012023-03-31OC417664ns6:FurnitureFittings2022-04-012023-03-31OC417664ns6:ComputerEquipment2022-04-012023-03-31
REGISTERED NUMBER: OC417664 (England and Wales)





















Financial Statements

for the Year Ended 31 March 2023

for

Marshall Hatchick LLP

Marshall Hatchick LLP (Registered number: OC417664)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Marshall Hatchick LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: J Robbins
J Humphreys
R Keane





REGISTERED OFFICE: The Ancient House
Church Street
Woodbridge
Suffolk
IP12 1DH





REGISTERED NUMBER: OC417664 (England and Wales)





ACCOUNTANTS: Pinfold & Co
8 Deben Mill Business Centre
Old Maltings Approach
Woodbridge
Suffolk
IP12 1BL

Marshall Hatchick LLP (Registered number: OC417664)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,642 12,467
Tangible assets 5 858,639 799,673
867,281 812,140

CURRENT ASSETS
Stocks 450,000 450,000
Debtors 227,682 422,762
Cash at bank and in hand 270,661 155,775
948,343 1,028,537
CREDITORS
Amounts falling due within one year 316,222 303,339
NET CURRENT ASSETS 632,121 725,198
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,499,402

1,537,338

CREDITORS
Amounts falling due after more than one
year

408,624

539,588
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,090,778

997,750

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

1,090,778

997,750

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 1,090,778 997,750
Amounts due from members - (162,012 )
1,090,778 835,738

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.

Marshall Hatchick LLP (Registered number: OC417664)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 10 August 2023 and were signed by:





J Robbins - Designated member

Marshall Hatchick LLP (Registered number: OC417664)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Marshall Hatchick 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 represents net invoiced sales excluding Value Added Tax arising from a firm of solicitors.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of four years.

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.
Freehold property - not provided
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance and straight line over life of lease
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Work in progress
Work in progress represents the value of time spent but not invoiced at the balance sheet date.

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 36 (2022 - 35 ) .

Marshall Hatchick LLP (Registered number: OC417664)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 15,300
AMORTISATION
At 1 April 2022 2,833
Amortisation for year 3,825
At 31 March 2023 6,658
NET BOOK VALUE

At 31 March 2023 8,642
At 31 March 2022 12,467

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 807,360
Additions 97,441
Disposals (11,904 )
At 31 March 2023 892,897
DEPRECIATION
At 1 April 2022 7,687
Charge for year 26,571
At 31 March 2023 34,258
NET BOOK VALUE
At 31 March 2023 858,639
At 31 March 2022 799,673

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank below other unsecured creditors.