REGISTERED NUMBER: |
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 6 APRIL 2023 TO 31 MARCH 2024 |
FOR |
BAND HATTON BUTTON LLP |
REGISTERED NUMBER: |
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 6 APRIL 2023 TO 31 MARCH 2024 |
FOR |
BAND HATTON BUTTON LLP |
BAND HATTON BUTTON LLP (REGISTERED NUMBER: OC380155) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 6 April 2023 to 31 March 2024 |
Page |
General Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
BAND HATTON BUTTON LLP |
GENERAL INFORMATION |
for the period 6 April 2023 to 31 March 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
BAND HATTON BUTTON LLP (REGISTERED NUMBER: OC380155) |
ABRIDGED BALANCE SHEET |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Work in progress |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
1,475,795 |
1,730,569 |
BAND HATTON BUTTON LLP (REGISTERED NUMBER: OC380155) |
ABRIDGED BALANCE SHEET - continued |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
7 |
1,325,795 |
1,555,569 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 150,000 | 175,000 |
1,475,795 | 1,730,569 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 7 | 1,325,795 | 1,555,569 |
Members' other interests | 150,000 | 175,000 |
1,475,795 | 1,730,569 |
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. |
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 |
BAND HATTON BUTTON LLP (REGISTERED NUMBER: OC380155) |
NOTES TO THE FINANCIAL STATEMENTS |
for the period 6 April 2023 to 31 March 2024 |
1. | STATUTORY INFORMATION |
Band Hatton Button 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. |
The financial statements are presented in sterling which is the functional currency of the partnership and are rounded to the nearest £1. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Goodwill paid in connection with business acquisitions is being amortised over its estimated useful life. |
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 |
Short leasehold | - |
Fixtures and furniture | - |
Office equipment | - |
Work in progress |
Work in progress comprises unbilled professional time costs, valued at the lower of cost and net realisable value. |
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 period was |
BAND HATTON BUTTON LLP (REGISTERED NUMBER: OC380155) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 6 April 2023 to 31 March 2024 |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 6 April 2023 |
and 31 March 2024 |
AMORTISATION |
At 6 April 2023 |
Amortisation for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 5 April 2023 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 6 April 2023 |
Additions |
At 31 March 2024 |
DEPRECIATION |
At 6 April 2023 |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 5 April 2023 |
6. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
In more than five years |
BAND HATTON BUTTON LLP (REGISTERED NUMBER: OC380155) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 6 April 2023 to 31 March 2024 |
7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
2024 | 2023 |
£ | £ |
Amounts owed to members in respect of profits | 1,325,795 | 1,555,569 |
Falling due within one year | 1,325,795 | 1,555,569 |
Amounts included in Loans and Other Debts Due to Members represent the value of debt due to the members from the LLP. As such these amounts rank pari passu with other unsecured creditors of the LLP. |
There are no restrictions limiting the ability of members to reduce these amounts. |