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REGISTERED NUMBER: OC356617 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

H&B Buying Group LLP

H&B Buying Group LLP (Registered number: OC356617)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


H&B Buying Group LLP

General Information
for the Year Ended 31 December 2023







DESIGNATED MEMBERS: JW Hercock
P G Buttle
D J B Hopkins
S B Patel
N D Neale
C I Cato
D A Young





REGISTERED OFFICE: 22-23 Shenley Pavillions
Chalkdell Drive
Shenley Wood
Milton Keynes
MK5 6LB





REGISTERED NUMBER: OC356617 (England and Wales)





AUDITORS: Charnwood Accountants & Business Advisors LLP
Statutory Auditor
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

H&B Buying Group LLP (Registered number: OC356617)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,404 23,281
Investments 5 - 100
23,404 23,381

CURRENT ASSETS
Debtors 6 4,601,337 3,067,672
Cash at bank 4,157,446 4,383,834
8,758,783 7,451,506
CREDITORS
Amounts falling due within one year 7 7,288,443 6,029,189
NET CURRENT ASSETS 1,470,340 1,422,317
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,493,744

1,445,698

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

1,493,672

1,445,626

MEMBERS' OTHER INTERESTS
Capital accounts 72 72
1,493,744 1,445,698

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 1,493,672 1,445,626
Members' other interests 72 72
1,493,744 1,445,698

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 18 September 2024 and were signed by:





N D Neale - Designated member

H&B Buying Group LLP (Registered number: OC356617)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

H&B Buying Group 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.
Plant and machinery - 33% on cost
Fixtures and fittings - 10% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 13 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 48,631
Additions 6,303
At 31 December 2023 54,934
DEPRECIATION
At 1 January 2023 25,350
Charge for year 6,180
At 31 December 2023 31,530
NET BOOK VALUE
At 31 December 2023 23,404
At 31 December 2022 23,281

H&B Buying Group LLP (Registered number: OC356617)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023 100
Disposals (100 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 100

The LLP's investments at the Balance Sheet date in the share capital of companies include the following:

H&B Development Group LTD
Registered office: 22-23 Shenley Pavillions, Chalkwell Drive, Shenley Wood, Milton Keynes, MK5 6LB
Nature of business: Buying Group
%
Class of shares: holding
Ordinary - disposed of as at 100.00
31.03.2023
31.3.23 31.12.22
£    £   
Aggregate capital and reserves 7,877 1,007,877
Profit for the period/year - 417,630

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 43,461 71,586
Amounts owed by group undertakings 1,784,741 384,665
Other debtors 2,773,135 2,611,421
4,601,337 3,067,672

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 22,619 11,806
Amounts owed to group undertakings 5,528,847 2,298,636
Taxation and social security 1,319,305 1,790,087
Other creditors 417,672 1,928,660
7,288,443 6,029,189

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

The loans owed to members are unsecured and have no fixed repayment date.

Amounts due to members would rank alongside ordinary unsecured creditors in the event of a winding up. There is no protection afforded to unsecured creditors which is legally enforceable.

H&B Buying Group LLP (Registered number: OC356617)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher David Hutton FCCA (Senior Statutory Auditor)
for and on behalf of Charnwood Accountants & Business Advisors LLP