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REGISTERED NUMBER: OC412194 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

HANNAFORD TURNER LLP

HANNAFORD TURNER LLP (REGISTERED NUMBER: OC412194)

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


HANNAFORD TURNER LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: M W R Hannaford
O McHugh
J J H Turner
K Krut





REGISTERED OFFICE: 2nd Floor
107 Cheapside
London
EC2V 6DN





REGISTERED NUMBER: OC412194 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

HANNAFORD TURNER LLP (REGISTERED NUMBER: OC412194)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,690 7,623

CURRENT ASSETS
Debtors 5 1,544,777 917,184
Cash at bank 301,203 348,840
1,845,980 1,266,024
CREDITORS
Amounts falling due within one year 6 187,736 99,793
NET CURRENT ASSETS 1,658,244 1,166,231
TOTAL ASSETS LESS CURRENT LIABILITIES 1,679,934 1,173,854

CREDITORS
Amounts falling due after more than one year 7 28,271 57,400
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,651,663 1,116,454

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

1,541,663

1,032,454

MEMBERS' OTHER INTERESTS
Capital accounts 110,000 84,000
1,651,663 1,116,454

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 1,541,663 1,032,454
Members' other interests 110,000 84,000
1,651,663 1,116,454

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.

HANNAFORD TURNER LLP (REGISTERED NUMBER: OC412194)

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 3 September 2024 and were signed by:





M W R Hannaford - Designated member

HANNAFORD TURNER LLP (REGISTERED NUMBER: OC412194)

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


1. STATUTORY INFORMATION

Hannaford Turner 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.

Turnover represents amounts chargeable for professional services provided during the year, inclusive of direct expenses incurred on client assignments but excluding Value Added Tax.

Accrued income is provided and relates to chargeable hours not billed at the end of the period.

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

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The pension costs charged in the financial statements represent the contributions payable by the limited liability partnership to employees' personal pension plans in the year. Contributions payable are charged to the profit and loss account in the year they are payable.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 14 (2023 - 6 ) .

HANNAFORD TURNER LLP (REGISTERED NUMBER: OC412194)

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


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023 41,249
Additions 19,777
Disposals (25,642 )
At 31 March 2024 35,384
DEPRECIATION
At 1 April 2023 33,626
Charge for year 5,710
Eliminated on disposal (25,642 )
At 31 March 2024 13,694
NET BOOK VALUE
At 31 March 2024 21,690
At 31 March 2023 7,623

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 978,409 250,816
Other debtors 20 5,230
Prepayments and accrued income 566,348 661,138
1,544,777 917,184

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 8) 30,000 30,000
Trade creditors 38,400 39,522
Social security and other taxes 40,636 14,231
VAT 62,803 5,649
Other creditors 4,790 -
Accrued expenses 11,107 10,391
187,736 99,793

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 8) 28,271 57,400

HANNAFORD TURNER LLP (REGISTERED NUMBER: OC412194)

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


8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans - less than 1 yr 30,000 30,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 28,271 30,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 27,400

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 58,271 87,400

10. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.24 31.3.23
£    £   
Amounts owed to members in respect of profits 1,541,663 1,032,454

Falling due within one year 1,541,663 1,032,454

Loans and other debts due to members rank pari passu with unsecured debts.

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.