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REGISTERED NUMBER: OC377435 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JW HINKS LLP

JW HINKS LLP (REGISTERED NUMBER: OC377435)

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


JW HINKS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: R R Barnes Associates Limited
Centaur Rose Limited
Marcus J Rose Limited
Scalados Limited
Tansy Ferndale Limited
S H A S Bukhari
J E Cruse
K H Jackson





REGISTERED OFFICE: 19 Highfield Road
Edgbaston
Birmingham
B15 3BH





REGISTERED NUMBER: OC377435 (England and Wales)






JW HINKS LLP (REGISTERED NUMBER: OC377435)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,854 17,382
Tangible assets 5 29,378 40,539
Investments 6 - 1
44,232 57,922

CURRENT ASSETS
Debtors 7 1,790,815 1,428,978
Cash at bank and in hand 69,759 507,146
1,860,574 1,936,124
CREDITORS
Amounts falling due within one year 8 532,224 512,185
NET CURRENT ASSETS 1,328,350 1,423,939
TOTAL ASSETS LESS CURRENT LIABILITIES 1,372,582 1,481,861

CREDITORS
Amounts falling due after more than one
year

9

12,500

42,500
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,360,082 1,439,361

LOANS AND OTHER DEBTS DUE TO
MEMBERS

12

1,360,082

1,439,361

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 12 1,360,082 1,439,361

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.

JW HINKS LLP (REGISTERED NUMBER: OC377435)

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 18 September 2024 and were signed by:




Centaur Rose Limited - Designated member




R R Barnes Associates Limited - Designated member


JW HINKS LLP (REGISTERED NUMBER: OC377435)

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


1. STATUTORY INFORMATION

JW Hinks 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of various businesses is being amortised evenly over its estimated useful life of ten years in the case of each acquisition.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

HIRE PURCHASE AND LEASING COMMITMENTS
Assets acquired under finance leases and hire purchase contracts which give rights approximating to ownership have been capitalised at amounts equal to the original cost of the assets and depreciation has been provided on the basis of the LLP's depreciation policy. The capital element of future obligations is included as a liability in the balance sheet and the current year's interest element is charged to the profit and loss account.

Payments made under operating leases are charged to the profit and loss account in the period to which they relate.

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.

AMOUNTS RECOVERABLE ON PARTIALLY COMPLETED MATTERS
Amounts recoverable on partially completed matters are stated at cost plus attributable profit less a provision for non recoverable time costs.

JW HINKS LLP (REGISTERED NUMBER: OC377435)

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


2. ACCOUNTING POLICIES - continued

INVESTMENTS
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 53 (2023 - 49 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 693,868
AMORTISATION
At 1 April 2023 676,486
Charge for year 2,528
At 31 March 2024 679,014
NET BOOK VALUE
At 31 March 2024 14,854
At 31 March 2023 17,382

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 390,964
DEPRECIATION
At 1 April 2023 350,425
Charge for year 11,161
At 31 March 2024 361,586
NET BOOK VALUE
At 31 March 2024 29,378
At 31 March 2023 40,539

JW HINKS LLP (REGISTERED NUMBER: OC377435)

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


6. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 April 2023 1
Disposals (1 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,004,281 853,838
Amounts recoverable on partially
completed matters

677,202

473,728
Other debtors 109,332 101,412
1,790,815 1,428,978

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 50,551 60,596
Taxation and social security 312,432 301,327
Other creditors 159,241 140,262
532,224 512,185

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,500 22,500
Other creditors - 20,000
12,500 42,500

JW HINKS LLP (REGISTERED NUMBER: OC377435)

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


10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Between one and five years 242,634 368,349

11. SECURED DEBTS

Bank borrowing is secured by a debenture over the assets of the LLP and members' personal guarantees.

12. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, members' other interests rank after unsecured creditors. Loans and other debts due to members rank pari passu with unsecured creditors in the event of a winding up. There is no further formal protection afforded to creditors in the event of a winding up.

13. ULTIMATE CONTROLLING PARTY

J W Hinks LLP is controlled by its members.