Headland Marketing LLP
Registered number: OC398321
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,235 2,628
Current assets
Debtors 4 85,951 13,780
Cash at bank and in hand 10,817 4,985
96,768 18,765
Creditors: amounts falling due within one year 5 (57,553) (12,308)
Net current assets 39,215 6,457
Total assets less current liabilities 42,450 9,085
Creditors: amounts falling due after more than one year 6 (24,739) (26,349)
Net assets/(liabilities) attributable to members 17,711 (17,264)
Represented by:
Loans and other debts due to members 7 17,711 (17,264)
17,711 (17,264)
Total members' interests
Loans and other debts due to members 7 17,711 (17,264)
17,711 (17,264)
For the year ended 28 February 2023 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 8 November 2023 and signed on their behalf by:
K.Headland
Designated member
Headland Marketing LLP
Notes to the Accounts
for the year ended 28 February 2023
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Employees 2023 2022
Number Number
Average number of persons employed by the LLP 4 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2022 4,663
Additions 2,265
At 28 February 2023 6,928
Depreciation
At 1 March 2022 2,035
Charge for the year 1,658
At 28 February 2023 3,693
Net book value
At 28 February 2023 3,235
At 28 February 2022 2,628
4 Debtors 2023 2022
£ £
Trade debtors 85,951 13,780
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 36,400 7,860
Other creditors 21,153 4,448
57,553 12,308
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 24,739 26,349
7 Loans and other debts due to members 2023 2022
£ £
Amounts due to members in respect of profits 17,711 (17,264)
Amounts falling due within one year 17,711 (17,264)
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
8 Other information
Headland Marketing LLP is a limited liability partnership incorporated in England. Its registered office is Avenir Unit 5, 305 Whitley Road, Whitley Bay, NE26 2HU
Headland Marketing LLP OC398321 false 2022-03-01 2023-02-28 2023-02-28 VT Final Accounts April 2022 K.Headland No description of principal activity OC398321 2021-03-01 2022-02-28 OC398321 core:WithinOneYear 2022-02-28 OC398321 core:AfterOneYear 2022-02-28 OC398321 1 2022-02-28 OC398321 2022-03-01 2023-02-28 OC398321 bus:LimitedLiabilityPartnershipLLP 2022-03-01 2023-02-28 OC398321 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 OC398321 bus:PartnerLLP20 2022-03-01 2023-02-28 OC398321 core:PlantMachinery 2022-03-01 2023-02-28 OC398321 countries:England 2022-03-01 2023-02-28 OC398321 bus:FRS102 2022-03-01 2023-02-28 OC398321 bus:FullAccounts 2022-03-01 2023-02-28 OC398321 2023-02-28 OC398321 core:WithinOneYear 2023-02-28 OC398321 core:AfterOneYear 2023-02-28 OC398321 1 2023-02-28 OC398321 core:PlantMachinery 2023-02-28 OC398321 2022-02-28 OC398321 core:PlantMachinery 2022-02-28 iso4217:GBP xbrli:pure