REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 8 MARCH 2023 TO 31 MARCH 2024 |
FOR |
HOLNESS & PARTNER LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 8 MARCH 2023 TO 31 MARCH 2024 |
FOR |
HOLNESS & PARTNER LLP |
HOLNESS & PARTNER LLP (REGISTERED NUMBER: OC446199) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 8 MARCH 2023 TO 31 MARCH 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
HOLNESS & PARTNER LLP |
GENERAL INFORMATION |
FOR THE PERIOD 8 MARCH 2023 TO 31 MARCH 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Wallace House |
20 Birmingham Road |
Walsall |
West Midlands |
WS1 2LT |
HOLNESS & PARTNER LLP (REGISTERED NUMBER: OC446199) |
BALANCE SHEET |
31 MARCH 2024 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
868,774 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
9 |
868,774 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | 868,774 |
Amounts due from members | 5 | (1,900 | ) |
866,874 |
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. |
HOLNESS & PARTNER LLP (REGISTERED NUMBER: OC446199) |
BALANCE SHEET - continued |
31 MARCH 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
HOLNESS & PARTNER LLP (REGISTERED NUMBER: OC446199) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 8 MARCH 2023 TO 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
Holness & Partner 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 |
The company's financial statements are individual entity financial statements. |
The company's financial statements are presented in Sterling and all values are rounded to the nearest pound. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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 period was |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Mortgages |
HOLNESS & PARTNER LLP (REGISTERED NUMBER: OC446199) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 8 MARCH 2023 TO 31 MARCH 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
£ |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 4,206,581 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Mortgages |
The mortgages are secured by a fixed and floating charge over the undertakings and all property and assets of the limited liability partnership. |
9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
£ |
Amounts owed to members in respect of profits | 868,774 |
Falling due within one year | 868,774 |
Unsecured debt due to members ranks equally with debts due to other unsecured creditors in a winding up of the LLP. |
There are no restrictions on the ability of the members to reduce the amount of Members' Other Interests. |
10. | RELATED PARTY DISCLOSURES |
At the balance sheet date Holness & Partner LLP owed £870,674 to a designated member, in a personal capacity. |