REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
JONATHAN HAYNES CONSULTING LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
JONATHAN HAYNES CONSULTING LLP |
JONATHAN HAYNES CONSULTING LLP (REGISTERED NUMBER: OC388758) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 March 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
JONATHAN HAYNES CONSULTING LLP |
GENERAL INFORMATION |
for the year ended 31 March 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
16 Davy Court |
Castle Mound Way |
Rugby, CV23 0UZ |
Magma Audit LLP is part |
Of the Dains Group |
JONATHAN HAYNES CONSULTING LLP (REGISTERED NUMBER: OC388758) |
BALANCE SHEET |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
3,967 |
9,266 |
JONATHAN HAYNES CONSULTING LLP (REGISTERED NUMBER: OC388758) |
BALANCE SHEET - continued |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
7 |
3,867 |
9,166 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 100 | 100 |
3,967 | 9,266 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 7 | 3,867 | 9,166 |
Members' other interests | 100 | 100 |
3,967 | 9,266 |
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 Profit and Loss Account has not been delivered. |
The financial statements were approved by the members of the LLP and authorised for issue on |
JONATHAN HAYNES CONSULTING LLP (REGISTERED NUMBER: OC388758) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Jonathan Haynes Consulting LLP is registered in England and Wales. Its registered office address is Home Farm, The Street, Washington, West Sussex, RH20 4AT and the registered number is OC388758. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are presented in Sterling (£) and figures are rounded to the nearest £1. |
Turnover |
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: |
Rendering of services |
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all the following conditions are satisfied: |
(i) the amount of revenue can be reliably measured; |
(ii) it is probable the Company will receive the consideration due under the contract; |
(III) the stage of completion of the contract at the end of the reporting period can be measured reliably; and |
(iv) the costs incurred and the costs to complete the contract cam be measured reliably. |
Tangible fixed assets |
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. |
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below. |
Depreciation is provided on the following basis: |
Plant and machinery etc. | - 33.33% Straight line |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. |
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. |
Financial instruments |
(i) Financial assets |
Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
Such assets are subsequently carried at amortised cost using the effective interest rate method. |
(ii) Financial liabilities |
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. |
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
Taxation |
Taxation payable on LLP profits is the liability of individual members. |
JONATHAN HAYNES CONSULTING LLP (REGISTERED NUMBER: OC388758) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2024 |
2. | ACCOUNTING POLICIES - continued |
Members' participation rights |
Members participation rights are the rights of a member against the LLP that arise under the member's agreement. |
Where a Member contributes capital to the LLP, that Member acquires a share in the LLP in accordance with the amount or value of that contribution. |
The Members shall share any profits of a capital nature as certified by the Accountants, in the proportions of their capital contribution. No Member is entitled to receive interest on the amount of his proportion of the capital contributions to the LLP unless the Designated Members approve such interest payments. |
The income profits of the LLP shall be divided between the Members in the agreed proportions and credited to the Members’ Current Accounts as soon as the annual accounts for the relevant accounting year of the LLP are approved by the Members in accordance with clause 8.6(a). Unless otherwise agreed in writing by the Designated Members, the LLP shall bear its own losses. |
Each Member may draw on account of their share of profits such sum and on such dates as agreed. |
As soon as the share of the net profits has been credited to a Current Account and after provision has been made for sufficient money to be set aside to meet outstanding LLP liabilities, each Member may withdraw the balance of their share of the net profits, after allowing for all drawings made by that Member pursuant to clause 12.1 of the agreement. |
If any Member withdraws funds in excess of their profit share for an accounting year, that Member shall repay the excess drawings to the LLP immediately. Each Member shall have a Capital Account, to which their respective capital contributions shall be credited. |
Each Member shall have a Current Account, to which shall be credited any income profit share to which each are entitled and any other sums of a current nature, and to which shall be debited any drawings. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2023 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 April 2023 |
and 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
JONATHAN HAYNES CONSULTING LLP (REGISTERED NUMBER: OC388758) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
In the event of the LLP being wound up, the balances shown within 'Loans and other debts due to members' |
would rank pari passu with unsecured creditors. |