Silverfin false 31/03/2024 01/04/2023 31/03/2024 Hanover Green LLP 31/10/2016 Martin911 Limited 31/10/2016 Montague SSJ Limited 31/10/2016 19 September 2024 OC414378 2024-03-31 OC414378 bus:Director1 2024-03-31 OC414378 bus:Director2 2024-03-31 OC414378 bus:Director3 2024-03-31 OC414378 core:CurrentFinancialInstruments 2024-03-31 OC414378 core:CurrentFinancialInstruments 2023-03-31 OC414378 2023-03-31 OC414378 2023-04-01 2024-03-31 OC414378 bus:FullAccounts 2023-04-01 2024-03-31 OC414378 bus:SmallEntities 2023-04-01 2024-03-31 OC414378 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 OC414378 bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC414378 bus:Director1 2023-04-01 2024-03-31 OC414378 bus:Director2 2023-04-01 2024-03-31 OC414378 bus:Director3 2023-04-01 2024-03-31 OC414378 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: OC414378 (England and Wales)

HANOVER GREEN RETAIL LLP

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

HANOVER GREEN RETAIL LLP

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

HANOVER GREEN RETAIL LLP

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
HANOVER GREEN RETAIL LLP

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
2024 2023
£ £
Current assets
Debtors 715,696 1,346,877
Cash at bank and in hand 1,551,587 875,949
2,267,283 2,222,826
Creditors: amounts falling due within one year ( 471,308) ( 342,035)
Net current assets 1,795,975 1,880,791
Total assets less current liabilities 1,795,975 1,880,791
Net assets attributable to members 1,795,975 1,880,791
Represented by
Loans and other debts due to members within one year
Other amounts 1,795,975 1,880,791
1,795,975 1,880,791
Members' other interests
0 0
1,795,975 1,880,791
Total members' interests
Loans and other debts due to members 1,795,975 1,880,791
1,795,975 1,880,791

For the financial year ending 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

Hanover Green Retail LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

The financial statements of Hanover Green Retail LLP (registered number: OC414378) were approved and authorised for issue by the Board of Directors on 19 September 2024. They were signed on its behalf by:

Martin911 Limited
Designated member
HANOVER GREEN RETAIL LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
HANOVER GREEN RETAIL LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hanover Green Retail LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 33-34 Great Pulteney Street, London, W1F 9NP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover in respect of the professional department represents services performed for external customers and is recognised on a project by project basis as activity progresses to reflect the firm's partial performance of its contractual obligations. Activity performance in excess of invoices raised is included within amounts recoverable on contracts and is disclosed in other debtors. Where amounts have been invoiced in excess of work performed, the excess is included within payments in advance and disclosed in other creditors.

For other turnover where the right to consideration is conditional or contingent on a specified future event or outcome, the occurrence of which is outside the control of the firm, revenue is not recognised until that critical event occurs.

Employee benefits

Defined contribution schemes
The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.

The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the LLP in independently administered funds.

Income tax

The LLP is not subject to income tax. Taxable profits and losses are allocated to the members in accordance with the LLP agreement and any liability is taxable on the members.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, 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 method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. The LLP divides profits automatically at the end of the financial period and these are recognised as Members' remuneration charged as an expense in the Statement of Comprehensive Income.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the LLP, including members, during the year 11 10

3. Related party transactions

All members are related parties and transactions with them are disclosed in the Reconciliation of Members' Interests.