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REGISTERED NUMBER: OC352349 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

HACKETT GRIFFEY LLP

HACKETT GRIFFEY LLP (REGISTERED NUMBER: OC352349)






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


HACKETT GRIFFEY LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: J M Griffey
S J Iron
Mrs N A Harris





REGISTERED OFFICE: 31 High Street
Haverhill
Suffolk
CB9 8AD





REGISTERED NUMBER: OC352349 (England and Wales)






HACKETT GRIFFEY LLP (REGISTERED NUMBER: OC352349)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 56,312 -
Tangible assets 5 16,879 20,688
73,191 20,688

CURRENT ASSETS
Debtors 6 631,881 419,466
Cash at bank and in hand 239,807 367,017
871,688 786,483
CREDITORS
Amounts falling due within one year 7 399,065 302,948
NET CURRENT ASSETS 472,623 483,535
TOTAL ASSETS LESS CURRENT
LIABILITIES

545,814

504,223

CREDITORS
Amounts falling due after more than one
year

8

34,792

31,667
NET ASSETS ATTRIBUTABLE TO
MEMBERS

511,022

472,556

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

511,022

472,556

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 511,022 472,556
Amounts due from members 6 (41,094 ) (39,219 )
469,928 433,337

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.

HACKETT GRIFFEY LLP (REGISTERED NUMBER: OC352349)

BALANCE SHEET - continued
31 MARCH 2024


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

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 19 September 2024 and were signed by:




J M Griffey - Designated member




S J Iron - Designated member


HACKETT GRIFFEY LLP (REGISTERED NUMBER: OC352349)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Hackett Griffey LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the value of fees and commissions earned in the period, net of VAT.

Revenue in respect of professional services is recognised by reference to the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. Unbilled revenue is included within debtors as accrued income.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, has been amortised in full. Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised over its estimated useful life of 5 years.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% on cost
Computer equipment - 25% on cost

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 year was 14 (2023 - 10 ) .

HACKETT GRIFFEY LLP (REGISTERED NUMBER: OC352349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 11,795
Additions 63,750
At 31 March 2024 75,545
AMORTISATION
At 1 April 2023 11,795
Amortisation for year 7,438
At 31 March 2024 19,233
NET BOOK VALUE
At 31 March 2024 56,312
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 April 2023 37,170 27,877 65,047
Additions 3,733 4,032 7,765
Disposals - (383 ) (383 )
At 31 March 2024 40,903 31,526 72,429
DEPRECIATION
At 1 April 2023 27,017 17,342 44,359
Charge for year 7,039 4,535 11,574
Eliminated on disposal - (383 ) (383 )
At 31 March 2024 34,056 21,494 55,550
NET BOOK VALUE
At 31 March 2024 6,847 10,032 16,879
At 31 March 2023 10,153 10,535 20,688

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 453,076 239,692
Accrued fees 100,362 80,694
Other debtors 500 400
Prepayments 36,849 59,461
590,787 380,247

HACKETT GRIFFEY LLP (REGISTERED NUMBER: OC352349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Amounts due from members 41,094 39,219

Aggregate amounts 631,881 419,466

Within debtors is a loan to a member of £41,094 which is repayable 30 April 2027. Interest of £1,875 at a rate of 5% p.a. was charged on the loan and is included in the balance.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 21,359 47,612
VAT 132,898 88,628
Other creditors 69,780 1,205
Fees received in advance 120,777 124,357
Accrued expenses 44,251 31,146
399,065 302,948

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 21,667 31,667
Other creditors 13,125 -
34,792 31,667

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.

10. OTHER FINANCIAL COMMITMENTS

The total amount of operating lease commitments is £Nil (2023 - £Nil).