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REGISTERED NUMBER: OC426097 (England and Wales)




















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

H.V. METALS LLP

H.V. METALS LLP (REGISTERED NUMBER: OC426097)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


H.V. METALS LLP

GENERAL INFORMATION
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: J G Wooding
H K Wooding
J O Grimes
P C Allen
N S Townsend





REGISTERED OFFICE: Range Road Industrial Estate
Range Road
Hythe
Kent
CT21 6HG





REGISTERED NUMBER: OC426097 (England and Wales)





ACCOUNTANTS: Calcutt Matthews WBZ Ltd
19 North Street
Ashford
Kent
TN24 8LF

H.V. METALS LLP (REGISTERED NUMBER: OC426097)

REPORT OF THE MEMBERS
for the Year Ended 31 March 2024


The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of other services including acting as an agent for H.V. Wooding in negotiating contracts.

DESIGNATED MEMBERS
The designated members during the year under review were:

J G Wooding
H K Wooding
J O Grimes
P C Allen
N S Townsend

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £14,006 (2023 - £2,021 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





J O Grimes - Designated member


4 September 2024

H.V. METALS LLP (REGISTERED NUMBER: OC426097)

INCOME STATEMENT
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 364,694 556,529

Cost of sales 324,724 494,432
GROSS PROFIT 39,970 62,097

Administrative expenses 51,597 58,254
OPERATING (LOSS)/PROFIT 4 (11,627 ) 3,843


Interest payable and similar expenses 2,379 1,822
(LOSS)/PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




(14,006




)




2,021

H.V. METALS LLP (REGISTERED NUMBER: OC426097)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 41,054 30,793

CURRENT ASSETS
Debtors 6 59,053 142,883
Cash at bank 17,228 31,496
76,281 174,379
CREDITORS
Amounts falling due within one year 7 117,335 203,555
NET CURRENT LIABILITIES (41,054 ) (29,176 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS - 1,617

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

-

1,617

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 - 1,617
Amounts due from members 6 (34,147 ) (15,758 )
(34,147 ) (14,141 )

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2024.

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.

H.V. METALS LLP (REGISTERED NUMBER: OC426097)

BALANCE SHEET - continued
31 March 2024


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 4 September 2024 and were signed by:





J O Grimes - Designated member

H.V. METALS LLP (REGISTERED NUMBER: OC426097)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

H.V. Metals 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets 27,561 22,088

H.V. METALS LLP (REGISTERED NUMBER: OC426097)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 126,983
Disposals (4,166 )
At 31 March 2024 122,817
DEPRECIATION
At 1 April 2023 96,190
Charge for year 27,561
Eliminated on disposal (41,988 )
At 31 March 2024 81,763
NET BOOK VALUE
At 31 March 2024 41,054
At 31 March 2023 30,793

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 24,339 127,125
Other debtors 34,714 15,758
59,053 142,883

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 47,690 30,930
Trade creditors 26,396 124,137
Taxation and social security - 739
Other creditors 43,249 47,749
117,335 203,555

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and advances other debts due to members" will rank equally with unsecured creditors.