Registered number
OC446042
Hummingbird Care Home LLP
Filleted Accounts
31 March 2024
Hummingbird Care Home LLP
Registered number: OC446042
Balance Sheet
as at 31 March 2024
Notes 2024
£
Fixed assets
Intangible assets 3 33,000
Tangible assets 4 1,170,037
1,203,037
Current assets
Debtors 5 111,866
Cash at bank and in hand 39,673
151,539
Creditors: amounts falling due within one year 6 (31,119)
Net current assets 120,420
Total assets less current liabilities 1,323,457
Creditors: amounts falling due after more than one year 7 (477,697)
Net assets attributable to members 845,760
Represented by:
Members' other interests
Members' capital classified as equity 376,910
Other reserves 468,850
845,760
845,760
Total members' interests
Members' other interests 845,760
845,760
For the period ended 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 29 November 2024 and signed on their behalf by:
Neil Cutler
Designated member
Hummingbird Care Home LLP
Notes to the Accounts
for the period from 28 February 2023 to 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance method
Plant and machinery 25% reducing balance method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024
Number
Average number of persons employed by the LLP 19
3 Intangible fixed assets £
Goodwill:
Cost
At 28 February 2023 33,000
At 31 March 2024 33,000
Amortisation
At 31 March 2024 -
Net book value
At 31 March 2024 33,000
At 27 February 2023 33,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 28 February 2023 1,083,126 61,530 8,030 1,152,686
Additions - 35,739 35,445 71,184
Disposals - - (8,030) (8,030)
At 31 March 2024 1,083,126 97,269 35,445 1,215,840
Depreciation
At 28 February 2023 - 16,833 2,269 19,102
Charge for the period - 20,109 8,861 28,970
On disposals - - (2,269) (2,269)
At 31 March 2024 - 36,942 8,861 45,803
Net book value
At 31 March 2024 1,083,126 60,327 26,584 1,170,037
At 27 February 2023 1,083,126 44,697 5,761 1,133,584
5 Debtors 2024
£
Trade debtors 111,466
Other debtors 400
111,866
6 Creditors: amounts falling due within one year 2024
£
Trade creditors 6,262
Other taxes and social security costs 8,755
Accruals 16,102
31,119
7 Creditors: amounts falling due after one year 2024
£
Bank loans 477,697
8 Other information
Hummingbird Care Home LLP is a limited liability partnership incorporated in England. Its registered office is:
Hummingbird Care Royston Road
Churchinford
Taunton
Somerset
TA3 7RE
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