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REGISTERED NUMBER: OC387163 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Haggards Crowther
LLP

Haggards Crowther
LLP (Registered number: OC387163)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Chartered Accountants' Report 1

Balance Sheet 2

Notes to the Financial Statements 4


Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
Haggards Crowther
LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Haggards Crowther LLP for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Haggards Crowther LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Haggards Crowther LLP and state those matters that we have agreed to state to the members of Haggards Crowther LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Haggards Crowther LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Haggards Crowther LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Haggards Crowther LLP. You consider that Haggards Crowther LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Haggards Crowther LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haggards Crowther LLP
Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ


Date: .............................................

Haggards Crowther
LLP (Registered number: OC387163)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
CURRENT ASSETS
Stocks 107,814 59,567
Debtors 4 626,279 504,111
Cash at bank 305,174 140,901
1,039,267 704,579
CREDITORS
Amounts falling due within one year 5 450,343 336,022
NET CURRENT ASSETS 588,924 368,557
TOTAL ASSETS LESS CURRENT
LIABILITIES

588,924

368,557

CREDITORS
Amounts falling due after more than one
year

6

94,135

46,899
NET ASSETS ATTRIBUTABLE TO
MEMBERS

494,789

321,658

Haggards Crowther
LLP (Registered number: OC387163)

Balance Sheet - continued
30 April 2024

30.4.24 30.4.23
Notes £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

494,789

321,658

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 494,789 321,658
Amounts due from members 4 (90,221 ) (20,690 )
404,568 300,968

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 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 18 October 2024 and were signed by:





Mr A D D Haggard - Designated member

Haggards Crowther
LLP (Registered number: OC387163)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Haggards Crowther LLP is a limited liability partnership registered in England and Wales. The partnership's registered address is 2nd Floor, Heathmans House, 19 Heathmans Road, London, SW6 4TJ.

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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements.

Turnover
Turnover is stated net of VAT. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the services provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Work in progress
Work in progress is recognised to the extent that no right to consideration exists for work at the balance sheet date. It is valued at the lower of cost and net realisable value.

Haggards Crowther
LLP (Registered number: OC387163)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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 amounts subscribed or otherwise contributed, 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 Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities. Members’ capital and other debts rank after unsecured creditors in the event of a winding up.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the income statement in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the income statement and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the income statement within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

3. EMPLOYEE INFORMATION

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

Haggards Crowther
LLP (Registered number: OC387163)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 395,508 198,411
Other debtors 230,771 305,700
626,279 504,111

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts (see note 7) 43,841 18,697
Trade creditors 315,626 238,696
Taxation and social security 13,091 -
Other creditors 77,785 78,629
450,343 336,022

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 7) 94,135 46,899

7. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank loans - less than 1 yr 43,841 18,697

Amounts falling due between two and five years:
Bank loans - 2-5 years 94,135 46,899

Haggards Crowther
LLP (Registered number: OC387163)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. LOANS - continued

The two loans drawn down by the partnership are secured over the assets of the partnership and personally guaranteed by Mr A Haggard.

The original loan is repayable over 5 years and subject to interest at 3.84% above base (average 5.15% in year) per annum.

A new loan was drawn down in September 2023 for £105,000, is repayable over 5 years and subject to interest at 3.11% above base (average 5.25% in year) per annum.

8. RELATED PARTY DISCLOSURES

The partnership was under the control of Mr A Haggard for the year to 30th April 2024.

HC Operations Limited, a company controlled by Mr A Haggard, invoiced the LLP £1,764,005 (2023 - £1,711,228 ) net of VAT for the supply of staff and administration services, of which £315,625 (2023 - £238,664 gross of VAT, was unpaid, at the year end.