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REGISTERED NUMBER: OC356304 (England and Wales)
















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

HUM CONCEPT AND DESIGN LLP

HUM CONCEPT AND DESIGN LLP (REGISTERED NUMBER: OC356304)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

General Information 1

Report of the Members 2

Profit and Loss Account 3

Balance Sheet 4

Notes to the Financial Statements 5


HUM CONCEPT AND DESIGN LLP

GENERAL INFORMATION
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: S Harrison
P R Upton
M J McKenzie





REGISTERED OFFICE: Unit 4 Bayton Way
Bayton Road Ind Estate
Exhall
Coventry
West Midlands
CV7 9ER





REGISTERED NUMBER: OC356304 (England and Wales)





ACCOUNTANTS: SFB Group Limited
Chartered Accountants
Manor Court Chambers
Townsend Drive
Nuneaton
Warwickshire
CV11 6RU

HUM CONCEPT AND DESIGN LLP (REGISTERED NUMBER: OC356304)

REPORT OF THE MEMBERS
for the Year Ended 31 March 2024

The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

DESIGNATED MEMBERS
The designated members during the year under review were:

S Harrison
P R Upton
M J McKenzie

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £22,228 (2023 - £7,583 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





S Harrison - Designated member


7 October 2024

HUM CONCEPT AND DESIGN LLP (REGISTERED NUMBER: OC356304)

PROFIT AND LOSS ACCOUNT
for the Year Ended 31 March 2024

2024 2023
Notes £    £    £    £   

TURNOVER - -

Other operating income 36,000 36,000
36,000 36,000

Staff costs 3 3,500 12,790
Depreciation 1,566 2,038
Other operating expenses 8,702 13,427
13,768 28,255
OPERATING PROFIT 4 22,232 7,745


Interest payable and similar expenses 4 162
PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT SHARES
AVAILABLE FOR DISCRETIONARY DIVISION
AMONG MEMBERS



22,228



7,583

HUM CONCEPT AND DESIGN LLP (REGISTERED NUMBER: OC356304)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 6,008 7,574
Investment property 6 360,000 360,000
366,008 367,574

CURRENT ASSETS
Cash at bank 18,650 19,934

CREDITORS
Amounts falling due within one year 7 22,726 19,564
NET CURRENT (LIABILITIES)/ASSETS (4,076 ) 370
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 361,932 367,944

LOANS AND OTHER DEBTS DUE TO MEMBERS 8 361,932 367,944

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 361,932 367,944

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.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 7 October 2024 and were signed by:





S Harrison - Designated member

HUM CONCEPT AND DESIGN LLP (REGISTERED NUMBER: OC356304)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

HUM Concept And Design LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 etc - 25% on reducing balance and 10% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2023 - 1 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 1,566 2,039

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 39,304
DEPRECIATION
At 1 April 2023 31,730
Charge for year 1,566
At 31 March 2024 33,296
NET BOOK VALUE
At 31 March 2024 6,008
At 31 March 2023 7,574

HUM CONCEPT AND DESIGN LLP (REGISTERED NUMBER: OC356304)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 360,000
NET BOOK VALUE
At 31 March 2024 360,000
At 31 March 2023 360,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2020 360,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,182 1,104
Other creditors 21,544 18,460
22,726 19,564

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

The limited liability partnership has a debt which is payable to the members and is included within loans and other debts due to members in the financial statements.