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Unaudited Financial Statements

for the Year Ended 5 April 2024

for

Hollen LLP

Hollen LLP (Registered number: OC430168)

Contents of the Financial Statements
for the Year Ended 5 April 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hollen LLP

General Information
for the Year Ended 5 April 2024







DESIGNATED MEMBERS: J E Hobday
G W Heason Rockingham





REGISTERED OFFICE: 8-10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: OC430168 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Hollen LLP (Registered number: OC430168)

Balance Sheet
5 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,194 15,766

CURRENT ASSETS
Stocks 10,000 135,803
Debtors 5 693,837 780,432
Cash at bank 220,857 479,769
924,694 1,396,004
CREDITORS
Amounts falling due within one year 6 279,168 791,345
NET CURRENT ASSETS 645,526 604,659
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

658,720

620,425

LOANS AND OTHER DEBTS DUE TO
MEMBERS

658,720

620,425

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 658,720 620,425

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.

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 17 January 2025 and were signed by:





G W Heason Rockingham - Designated member

Hollen LLP (Registered number: OC430168)

Notes to the Financial Statements
for the Year Ended 5 April 2024


1. STATUTORY INFORMATION

Hollen 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
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 7 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 6 April 2023 10,353 5,598 14,695 30,646
Additions - - 2,847 2,847
At 5 April 2024 10,353 5,598 17,542 33,493
DEPRECIATION
At 6 April 2023 5,505 1,400 7,975 14,880
Charge for year 1,212 1,050 3,157 5,419
At 5 April 2024 6,717 2,450 11,132 20,299
NET BOOK VALUE
At 5 April 2024 3,636 3,148 6,410 13,194
At 5 April 2023 4,848 4,198 6,720 15,766

Hollen LLP (Registered number: OC430168)

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 612,467 759,993
Other debtors 75,479 13,388
Prepayments 5,891 7,051
693,837 780,432

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 131,867 662,714
Social security and other taxes 14,261 115,060
Other creditors 2,782 1,261
Accrued expenses 130,258 12,310
279,168 791,345