Acorah Software Products - Accounts Production 15.0.400 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 OC400900 Mr Khalil Hammad Mrs Nehad Abueed iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC400900 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2023-07-31 OC400900 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2023-07-31 OC400900 2022-07-31 OC400900 2023-07-31 OC400900 2022-08-01 2023-07-31 OC400900 frs-core:Non-currentFinancialInstruments 2023-07-31 OC400900 frs-core:ComputerEquipment 2022-08-01 2023-07-31 OC400900 frs-core:FurnitureFittings 2022-08-01 2023-07-31 OC400900 frs-bus:LimitedLiabilityPartnershipLLP 2022-08-01 2023-07-31 OC400900 frs-bus:LimitedLiabilityPartnershipsSORP 2022-08-01 2023-07-31 OC400900 frs-bus:AbridgedAccounts 2022-08-01 2023-07-31 OC400900 frs-bus:SmallEntities 2022-08-01 2023-07-31 OC400900 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 OC400900 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 OC400900 frs-countries:EnglandWales 2022-08-01 2023-07-31 OC400900 frs-bus:PartnerLLP1 2022-08-01 2023-07-31 OC400900 frs-bus:PartnerLLP2 2022-08-01 2023-07-31 OC400900 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2022-07-31 OC400900 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2022-07-31 OC400900 2021-07-31 OC400900 2022-07-31 OC400900 2021-08-01 2022-07-31 OC400900 frs-core:Non-currentFinancialInstruments 2022-07-31
Registered number: OC400900
Hammad & Son LLP
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: OC400900
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 10,418,613 10,408,664
10,418,613 10,408,664
Creditors: Amounts Falling Due Within One Year (840,661 ) (924,158 )
NET CURRENT ASSETS (LIABILITIES) (840,661 ) (924,158 )
TOTAL ASSETS LESS CURRENT LIABILITIES 9,577,952 9,484,506
Creditors: Amounts Falling Due After More Than One Year (6,976,191 ) (7,121,098 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 2,601,761 2,363,408
REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability (756,047) (755,007)
Other amounts 310,808 71,415
(445,239) (683,592)
Equity
Members' other interests
Revaluation reserve 3,047,000 3,047,000
3,047,000 3,047,000
2,601,761 2,363,408
TOTAL MEMBERS' INTEREST
Loans and other debts due to members (445,239) (683,592)
Members' other interests 3,047,000 3,047,000
2,601,761 2,363,408
Page 1
Page 2
For the year ending 31 July 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
All of the LLP's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 July 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the members
Mr Khalil Hammad
Designated Member
30/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Hammad & Son LLP is a limited liability partnership, incorporated in England & Wales, registered number OC400900 . The Registered Office is 102 High Street, London, NW10 4SL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15.00% WDV
Computer Equipment 33.33% COST
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2022: 2)
2 2
4. Members' Remuneration
2023 2022
Average number of members during the year 2 2
2023 2022
£ £
Profit attributable to the member with the largest entitlement 119,697 35,708
Page 3
Page 4
5. Tangible Assets
Total
£
Cost
As at 1 August 2022 10,408,775
Additions 11,172
As at 31 July 2023 10,419,947
Depreciation
As at 1 August 2022 111
Provided during the period 1,223
As at 31 July 2023 1,334
Net Book Value
As at 31 July 2023 10,418,613
As at 1 August 2022 10,408,664
6. Loans
An analysis of the maturity of loans is given below:
2023 2022
£ £
Amounts falling due within one year or on demand:
Bank loans 515,408 514,942
2023 2022
£ £
Amounts falling due between one and five years:
Bank loans 6,976,491 7,121,098
Page 4