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REGISTERED NUMBER: OC319059 (England and Wales)













Unaudited Financial Statements

for the Period 1 July 2023 to 31 March 2024

for

Blackett Hart & Pratt LLP

Blackett Hart & Pratt LLP (Registered number: OC319059)






Contents of the Financial Statements
for the Period 1 July 2023 to 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blackett Hart & Pratt LLP

General Information
for the Period 1 July 2023 to 31 March 2024







DESIGNATED MEMBERS: J A Pratt
H Biglin
P R Blackett
A Hewitson
K S Pratt





REGISTERED OFFICE: Westgate House
Faverdale
DARLINGTON
Co Durham
DL3 0PZ





REGISTERED NUMBER: OC319059 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Blackett Hart & Pratt LLP (Registered number: OC319059)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 133,616 157,869
Investments 5 95 95
133,711 157,964

CURRENT ASSETS
Debtors 6 4,102,758 3,695,261
Cash in hand 950 950
4,103,708 3,696,211
CREDITORS
Amounts falling due within one year 7 1,279,253 1,097,735
NET CURRENT ASSETS 2,824,455 2,598,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,958,166

2,756,440

CREDITORS
Amounts falling due after more than one
year

8

-

40,920
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,958,166

2,715,520

Blackett Hart & Pratt LLP (Registered number: OC319059)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

12

686,220

443,574

MEMBERS' OTHER INTERESTS
Capital accounts 2,271,946 2,271,946
2,958,166 2,715,520

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 12 686,220 443,574
Members' other interests 2,271,946 2,271,946
Amounts due from members 6 (491,839 ) (702,172 )
2,466,327 2,013,348

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 period 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 29 August 2024 and were signed by:





J A Pratt - Designated member

Blackett Hart & Pratt LLP (Registered number: OC319059)

Notes to the Financial Statements
for the Period 1 July 2023 to 31 March 2024

1. STATUTORY INFORMATION

Blackett Hart & Pratt 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Preparation of consolidated financial statements
The financial statements contain information about Blackett Hart & Pratt LLP as an individual LLP and do not contain consolidated financial information as the parent of a group. The LLP has taken the option under Section 398 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 not to prepare consolidated financial statements.

Turnover
Turnover represents amounts charged to clients for professional services provided during the year excluding VAT and third-party invoiced disbursements. Revenue is recognised on an individual engagement basis when the right to consideration has been obtained from the client in exchange for work performed and where the recoverability of the consideration can be assessed with reasonable probability. Turnover in respect of contingent fee assignments (over and above any agreed minimum fee) is only recognised when the contingent event occurs and recoverability of the fee is assured.

Unbilled turnover on individual client assignments is included in amounts recoverable on contracts within debtors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - over period of the lease
Office equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.

Taxation
Income tax payable on the profits of the LLP is solely the personal liability of the individual members and consequently is not dealt with in these financial statements.

Blackett Hart & Pratt LLP (Registered number: OC319059)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 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 members' agreement (for example, in respect of remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with FRS 102. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Profits are classed as an appropriation of equity rather than as an expense and are shown as a residual amount available for discretionary division among members in the Profit and Loss Account and are equity appropriations in the Balance Sheet.

Amounts due to members that are classified as equity are shown in the Balance Sheet within 'Loans and other debts due to members'.

Professional indemnity claims
The LLP may be involved in disputes in the ordinary course of business, which may give rise to claims. The LLP carries professional indemnity insurance and the cost of premiums is charged to the profit and loss account over the period of such insurance. A provision is made for the excess costs which are not covered by professional indemnity insurance.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 116 (2023 - 110 ) .

4. TANGIBLE FIXED ASSETS
Short Office Motor Computer
leasehold equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023
and 31 March 2024 431,031 273,294 8,676 342,814 1,055,815
DEPRECIATION
At 1 July 2023 419,547 247,498 8,093 222,808 897,946
Charge for period 1,277 2,900 109 19,967 24,253
At 31 March 2024 420,824 250,398 8,202 242,775 922,199
NET BOOK VALUE
At 31 March 2024 10,207 22,896 474 100,039 133,616
At 30 June 2023 11,484 25,796 583 120,006 157,869

Blackett Hart & Pratt LLP (Registered number: OC319059)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Computer
equipment
£   
COST
At 1 July 2023
and 31 March 2024 114,531
DEPRECIATION
At 1 July 2023
and 31 March 2024 7,635
NET BOOK VALUE
At 31 March 2024 106,896
At 30 June 2023 106,896

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023
and 31 March 2024 95
NET BOOK VALUE
At 31 March 2024 95
At 30 June 2023 95

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 490,303 430,614
Amounts owed by group undertakings 53,279 182,284
Amounts due from members 491,839 702,172
Amounts recoverable on
contracts 2,735,620 2,165,835
Other debtors 200 -
Prepayments and accrued income 331,517 214,356
4,102,758 3,695,261

Blackett Hart & Pratt LLP (Registered number: OC319059)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 134,203 62,290
Other loans (see note 9) 102,468 57,805
Hire purchase contracts (see note 10) 53,937 50,298
Trade creditors 207,163 87,615
Social security and other taxes 309,659 340,872
Other creditors 184,195 98,214
Accruals and deferred income 287,628 400,641
1,279,253 1,097,735

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) - 40,920

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 134,203 62,290
Other loans 102,468 57,805
236,671 120,095

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 53,937 50,298
Between one and five years - 40,920
53,937 91,218

Non-cancellable operating leases
2024 2023
£    £   
Within one year 145,319 87,837
Between one and five years 157,458 87,923
In more than five years - 467
302,777 176,227

Blackett Hart & Pratt LLP (Registered number: OC319059)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 March 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 134,203 62,290
Hire purchase contracts 53,937 91,218
188,140 153,508

The overdraft is secured by a fixed and floating charge over the assets of the LLP.

Hire purchase liabilities are secured on the assets to which they relate.

12. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 686,220 443,574

Falling due within one year 686,220 443,574

13. RELATED PARTY DISCLOSURES

At the period ending 31 March 2024 Intercompany balance was £53,279 (June 2023 ) £182,284.