Registered number
OC424662
High Hoes (2018) LLP
Filleted Accounts
31 October 2023
High Hoes (2018) LLP
Registered number: OC424662
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 4,430 4,922
Cash at bank and in hand 126 102
4,556 5,024
Creditors: amounts falling due within one year 4 (1,400) (1,400)
Net current assets 3,156 3,624
Total assets less current liabilities 3,156 3,624
Net assets attributable to members 3,156 3,624
Represented by:
Loans and other debts due to members 5 3,156 3,624
3,156 3,624
Total members' interests
Loans and other debts due to members 5 3,156 3,624
3,156 3,624
For the year ended 31 October 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 25 July 2024 and signed on their behalf by:
Mr A Wilson
Designated member
High Hoes (2018) LLP
Notes to the Accounts
for the year ended 31 October 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 rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2023 2022
Number Number
Average number of persons employed by the LLP 0 0
3 Debtors 2023 2022
£ £
Trade debtors 4,430 4,922
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 1,400 1,400
5 Loans and other debts due to members 2023 2022
£ £
Amounts due to members in respect of profits 3,156 3,624
Amounts falling due within one year 3,156 3,624
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
6 Other information
High Hoes (2018) LLP is a limited liability partnership incorporated in England. Its registered office is:
Suite 1
7th Floor
50 Broadway
London
SW1 0BL
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