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REGISTERED NUMBER: OC436288 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

FOR

PETER HADDON AND PARTNERS LLP

PETER HADDON AND PARTNERS LLP (REGISTERED NUMBER: OC436288)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024










Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PETER HADDON AND PARTNERS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DESIGNATED MEMBERS: R C MacNaughton
O C Bazeley
J C Landeman





REGISTERED OFFICE: The Old Rectory
31 Rectory Lane
Milton Malsor
Northampton
NN7 3AQ





REGISTERED NUMBER: OC436288 (England and Wales)





ACCOUNTANTS: Shaw Gibbs Limited
Eagle House
28 Billing Road
Northampton
NN1 5AJ

PETER HADDON AND PARTNERS LLP (REGISTERED NUMBER: OC436288)

STATEMENT OF FINANCIAL POSITION
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 402,665 355,008

CURRENT ASSETS
Stocks 526,087 183,865
Debtors 5 855,478 743,560
Cash at bank and in hand 819,106 1,067,860
2,200,671 1,995,285
CREDITORS
Amounts falling due within one year 6 722,547 787,195
NET CURRENT ASSETS 1,478,124 1,208,090
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,880,789

1,563,098

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

1,880,789

1,563,098

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 1,880,789 1,563,098

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 5 April 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.

PETER HADDON AND PARTNERS LLP (REGISTERED NUMBER: OC436288)

STATEMENT OF FINANCIAL POSITION - continued
5 APRIL 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 January 2025 and were signed by:




R C MacNaughton - Designated member




O C Bazeley - Designated member


PETER HADDON AND PARTNERS LLP (REGISTERED NUMBER: OC436288)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024


1. STATUTORY INFORMATION

Peter Haddon And Partners 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 20% on reducing balance
Fixtures and fittings - 50% on reducing balance, 25% on reducing balance and 20% on reducing balance
Motor vehicles - 25% on reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The partners are required to assess whether there is an indication of impairment to the carrying value of
assets. In making that assessment, judgements are made in estimating value in use. The partners consider that the individual carrying values of assets are supportable by their value in use.

PETER HADDON AND PARTNERS LLP (REGISTERED NUMBER: OC436288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of
comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 29 (2023 - 31 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 6 April 2023 85,116 158,391 301,742 545,249
Additions 30,507 12,467 231,965 274,939
Disposals - (4,377 ) (321,714 ) (326,091 )
At 5 April 2024 115,623 166,481 211,993 494,097
DEPRECIATION
At 6 April 2023 15,173 58,857 116,211 190,241
Charge for year 18,290 31,143 56,185 105,618
Eliminated on disposal - (4,339 ) (200,088 ) (204,427 )
At 5 April 2024 33,463 85,661 (27,692 ) 91,432
NET BOOK VALUE
At 5 April 2024 82,160 80,820 239,685 402,665
At 5 April 2023 69,943 99,534 185,531 355,008

PETER HADDON AND PARTNERS LLP (REGISTERED NUMBER: OC436288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 635,121 512,867
Other debtors 5,700 -
Prepayments and accrued income 214,657 230,693
855,478 743,560

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 43,390 47,216
Social security and other taxes 34,018 29,346
VAT 231,500 172,805
Other creditors 404,219 526,608
Wages Creditor (180 ) -
Accruals and deferred income 9,600 11,220
722,547 787,195

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

The capital (whether classified as a liability or equity) of an LLP may be reduced by agreement of the members either by repayment or by the conversion of equity capital into liability capital or other debt. In the absence of agreement to the contrary, unsecured debt due to members will rank equally with debts due to other unsecured creditors in a winding up.