REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements |
for the Year Ended 31 March 2024 |
for |
Hamblin Family Law LLP |
REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements |
for the Year Ended 31 March 2024 |
for |
Hamblin Family Law LLP |
Hamblin Family Law LLP (Registered number: OC445648) |
Contents of the Financial Statements |
for the Year Ended 31 March 2024 |
Page |
General Information | 1 |
Report of the Members | 2 |
Income Statement | 3 |
Other Comprehensive Income | 4 |
Balance Sheet | 5 |
Reconciliation of Members' Interests | 6 |
Notes to the Financial Statements | 8 |
Hamblin Family Law LLP |
General Information |
for the Year Ended 31 March 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Shadwell House |
65 Lower Green Road |
Tunbridge Wells |
Kent |
TN4 8TW |
Hamblin Family Law LLP (Registered number: OC445648) |
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. |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of a legal practice. |
DESIGNATED MEMBERS |
The designated members during the year under review were: |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £251,718 (2023 - £6,302 loss). |
MEMBERS' INTERESTS |
ON BEHALF OF THE MEMBERS: |
Hamblin Family Law LLP (Registered number: OC445648) |
Income Statement |
for the Year Ended 31 March 2024 |
Period |
2.2.23 |
Year Ended | to |
31.3.24 | 31.3.23 |
Notes | £ | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
OPERATING PROFIT/(LOSS) | 4 | ( |
) |
Interest receivable and similar income |
PROFIT/(LOSS) FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
( |
) |
Hamblin Family Law LLP (Registered number: OC445648) |
Other Comprehensive Income |
for the Year Ended 31 March 2024 |
Period |
2.2.23 |
Year Ended | to |
31.3.24 | 31.3.23 |
Notes | £ | £ |
PROFIT/(LOSS) FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
( |
) |
OTHER COMPREHENSIVE INCOME | - | - |
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
( |
) |
Hamblin Family Law LLP (Registered number: OC445648) |
Balance Sheet |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
158,476 |
239 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
8 |
158,476 |
239 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | 158,476 | 239 |
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 were approved by the members of the LLP and authorised for issue on |
Hamblin Family Law LLP (Registered number: OC445648) |
Reconciliation of Members' Interests |
for the Year Ended 31 March 2024 |
EQUITY | DEBT | TOTAL |
Members' | Loans and other debts due to | MEMBERS' |
other | members less any amounts due | INTERESTS |
interests | from members in debtors |
Other | Other |
reserves | amounts | Total |
£ | £ | £ |
Amount due to members | 239 |
Amount due from members | - |
Balance at 1 April 2023 | - | 239 | 239 |
Profit for the financial year available for discretionary division among members |
251,718 |
- |
251,718 |
Members' interests after profit for the year |
251,718 |
239 |
251,957 |
Other divisions of profit | (251,718 | ) | 251,718 | - |
Introduced by members | - | 12,000 | 12,000 |
Drawings on account and distributions of profit |
- |
(105,481 |
) |
(105,481 |
) |
Amount due to members | 158,476 |
Amount due from members | - |
Balance at 31 March 2024 | - | 158,476 | 158,476 |
Hamblin Family Law LLP (Registered number: OC445648) |
Reconciliation of Members' Interests |
for the Year Ended 31 March 2024 |
EQUITY | DEBT | TOTAL |
Members' | Loans and other debts due to | MEMBERS' |
other | members less any amounts due | INTERESTS |
interests | from members in debtors |
Other | Other |
reserves | amounts | Total |
£ | £ | £ |
Amount due to members | - |
Amount due from members | - |
Balance at 2 February 2023 | - | - | - |
Loss for the financial year available for discretionary division among members |
(6,302 |
) |
- |
(6,302 |
) |
Members' interests after loss for the year |
(6,302 |
) |
- |
(6,302 |
) |
Other divisions of loss | 6,302 | (6,302 | ) | - |
Introduced by members | - | 6,541 | 6,541 |
Amount due to members | 239 |
Amount due from members | - |
Balance at 31 March 2023 | - | 239 | 239 |
Hamblin Family Law LLP (Registered number: OC445648) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Hamblin Family Law 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 |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Computer equipment | - |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Functional currency |
The functional currency used by the LLP is £ Sterling. |
Financial instruments |
Basic financial instruments comprising debtors, bank and cash balances are disclosed at fair value. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
4. | OPERATING PROFIT/(LOSS) |
The operating profit (2023 - operating loss) is stated after charging: |
Period |
2.2.23 |
Year Ended | to |
31.3.24 | 31.3.23 |
£ | £ |
Depreciation - owned assets |
Hamblin Family Law LLP (Registered number: OC445648) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2023 |
and 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
VAT | 21,102 | - |
Accrued expenses |
8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
2024 | 2023 |
£ | £ |
Amounts owed to members in respect of profits | 158,476 | 239 |
Falling due within one year | 158,476 | 239 |
At the balance sheet date, the LLP owed the members the following amounts: |
G I Jorgensen £120,718 |
E Jorgensen - £ 37,758 |