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REGISTERED NUMBER: OC358482 (England and Wales)


























REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024

FOR

RECEPTIONHQ LLP

RECEPTIONHQ LLP (REGISTERED NUMBER: OC358482)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Report of the Members 1

Report of the Independent Auditors 2 to 3

Income Statement 4

Balance Sheet 5

Reconciliation of Members' Interests 6 to 7

Notes to the Financial Statements 8 to 10


RECEPTIONHQ LLP (REGISTERED NUMBER: OC358482)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 30TH JUNE 2024


The members present their report with the financial statements of the LLP for the year ended 30th June 2024.

DESIGNATED MEMBERS
The designated members during the year under review were:

OfficeHQ Pty Limited
MyReceptionist UK Pty Ltd

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £132,984 (2023 - £138,960 loss).

MEMBERS' INTERESTS
The members have subscribed fully to the firms capital. There is no opportunity for appreciation of the capital subscribed. On retirement, capital is repaid to the members provided that sufficient reserves are available.

STATEMENT OF MEMBERS' RESPONSIBILITIES
The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the members are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the LLP's auditors are unaware, and each member has taken all the steps that he ought to have taken as a member in order to make himself aware of any relevant audit information and to establish that the LLP's auditors are aware of that information.

AUDITORS
The auditors, Langdowns DFK Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE MEMBERS:





OfficeHQ Pty Limited - Designated member


12th March 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
RECEPTIONHQ LLP


Opinion
We have audited the financial statements of ReceptionHQ LLP (the 'LLP') for the year ended 30th June 2024 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the LLP's affairs as at 30th June 2024 and of its loss for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance 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.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the LLP in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the LLP's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the members with respect to going concern are described in the relevant sections of this report.

Other information
The members are responsible for the other information. The other information comprises the information in the Report of the Members, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Companies Act 2006 as applied to LLPs requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit; or
- the members were not entitled to prepare the financial statements in accordance with the small LLPs regime.

Responsibilities of members
As explained more fully in the Statement of Members' Responsibilities set out on page one, the members are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the members determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the members are responsible for assessing the LLP's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the members either intend to liquidate the LLP or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
RECEPTIONHQ LLP


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of our audit planning procedures we identify the significant laws and regulations applicable to the LLP based upon our knowledge of the LLP, the industry in which it operates and from making enquiries with management. We consider those laws and regulations where non-compliance may have a material effect on the financial statements and those which have a direct impact on the financial statements. We identified that the most significant laws and regulations applicable during the year were compliance with the requirements of The Limited Liability Partnerships (Application of Companies Act 2006) Regulations 2008, Financial Reporting Standard 102 and Employment Law.

Audit procedures performed by the engagement team in relation to laws and regulations include making enquiries of management as to any known or suspected instances of non-compliance, maintaining awareness throughout the course of the audit as to any indications of instances of non-compliance and undertaking a review of the disclosures in the financial statements to supporting information and to disclosure checklists.

We also consider areas that are at a higher risk of causing material misstatement in the financial statements due to irregularities, including those resulting from fraud and how such fraud may occur. We discuss with senior management the key controls in place to mitigate the risk of fraud and enquire as to whether they are aware of, or suspect, any fraudulent activities having taken place.

Throughout the audit, we maintain an appropriate level of professional scepticism when provided with information and explanations. We consider the appropriateness of significant accounting journals that were processed during the year, assess the reasonableness of any significant accounting estimates and consider whether there were any indications of bias by management during the year that represents a risk of material misstatement due to fraud. We also carry out analytical procedures to identify any unusual or unexpected variances to expectations as these may be an indication of management over-ride or management bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the LLP's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. Our audit work has been undertaken so that we might state to the LLP's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and the LLP's members as a body, for our audit work, for this report, or for the opinions we have formed.




Neil Raynsford (Senior Statutory Auditor)
for and on behalf of Langdowns DFK Limited
Statutory Auditor
Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD

12th March 2025

RECEPTIONHQ LLP (REGISTERED NUMBER: OC358482)

INCOME STATEMENT
FOR THE YEAR ENDED 30TH JUNE 2024

2024 2023
£    £   

TURNOVER 303,352 211,941

Cost of sales 236,591 185,921
GROSS PROFIT 66,761 26,020

Administrative expenses 198,726 164,776
(131,965 ) (138,756 )

Other operating income - 631
OPERATING LOSS (131,965 ) (138,125 )


Interest payable and similar expenses 1,019 835
LOSS FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




(132,984




)




(138,960




)

RECEPTIONHQ LLP (REGISTERED NUMBER: OC358482)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 513 222
513 222

CURRENT ASSETS
Debtors 7 8,705 5,489
Cash at bank 44,941 77,671
53,646 83,160
CREDITORS
Amounts falling due within one year 8 77,301 49,899
NET CURRENT (LIABILITIES)/ASSETS (23,655 ) 33,261
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET (LIABILITIES)/ASSETS ATTRIBUTABLE
TO MEMBERS

(23,142

)

33,483

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

929,314

852,955

MEMBERS' OTHER INTERESTS
Capital accounts 100 100
Other reserves 10 (952,556 ) (819,572 )
(23,142 ) 33,483

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 929,314 852,955
Members' other interests (952,456 ) (819,472 )
(23,142 ) 33,483

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 12th March 2025 and were signed by:




MyReceptionist UK Pty Ltd - Designated member




OfficeHQ Pty Limited - Designated member


RECEPTIONHQ LLP (REGISTERED NUMBER: OC358482)

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 30TH JUNE 2024


EQUITY
Members' other interests
Members'
capital
(classified
as Other
equity) reserves Total
£    £    £   
Balance at 1st July 2023 100 (819,572 ) (819,472 )
Loss for the financial year available for discretionary
division among members

-

(132,984

)

(132,984

)
Members' interests after loss for the year 100 (952,556 ) (952,456 )
Introduced by members - - -
Repayments of debt (including members' capital
classified as a liability)

-

-

-
Balance at 30th June 2024 100 (952,556 ) (952,456 )

DEBT TOTAL
Loans and other debts due to MEMBERS'
members less any amounts due INTERESTS
from members in debtors
Other
amounts Total
£    £   
Amount due to members 852,955
Amount due from members -
Balance at 1st July 2023 852,955 33,483
Loss for the financial year available for discretionary
division among members

-

(132,984

)

Members' interests after loss for the year 852,955 (99,501 )
Introduced by members 278,962 278,962
Repayments of debt (including members' capital
classified as a liability)

(202,603

)

(202,603

)

Amount due to members 929,314
Amount due from members -
Balance at 30th June 2024 929,314 (23,142 )

RECEPTIONHQ LLP (REGISTERED NUMBER: OC358482)

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 30TH JUNE 2024

EQUITY
Members' other interests
Members'
capital
(classified
as Other
equity) reserves Total
£    £    £   
Balance at 1st July 2022 100 (680,612 ) (680,512 )
Loss for the financial year available for discretionary
division among members

-

(138,960

)

(138,960

)
Members' interests after loss for the year 100 (819,572 ) (819,472 )
Introduced by members - - -
Repayments of debt (including members' capital
classified as a liability)

-

-

-
Balance at 30th June 2023 100 (819,572 ) (819,472 )

DEBT TOTAL
Loans and other debts due to MEMBERS'
members less any amounts due INTERESTS
from members in debtors
Other
amounts Total
£    £   
Amount due to members 671,567
Amount due from members -
Balance at 1st July 2022 671,567 (8,945 )
Loss for the financial year available for discretionary
division among members

-

(138,960

)

Members' interests after loss for the year 671,567 (147,905 )
Introduced by members 298,416 298,416
Repayments of debt (including members' capital
classified as a liability)

(117,028

)

(117,028

)

Amount due to members 852,955
Amount due from members -
Balance at 30th June 2023 852,955 33,483

RECEPTIONHQ LLP (REGISTERED NUMBER: OC358482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

ReceptionHQ LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC358482

Registered office: Clifton House
Bunnian Place
Basingstoke
Hampshire
RG21 7JE

The presentation currency of the financial statements is the Pound Sterling (£).


The LLP has no fixed trading address.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
The LLP relies upon the support of its members and other group entities through the use of member and inter-group loans. The amounts owing are repayable by demand. The members and other group entities will not demand repayment if it would be financially detrimental to the LLP.

Due to this ongoing support the members believe that it is appropriate to prepare the financial statements on the going concern basis, which assumes that the LLP will continue in operational existence for the foreseeable future and the financial statements do not incorporate any adjustments that might be required should the going concern basis prove to be inappropriate.

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

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

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.

Voice software was amortised evenly over its estimated useful life of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 50% on reducing balance and Fully depreciated

All fixed assets are initially recorded at cost.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

RECEPTIONHQ LLP (REGISTERED NUMBER: OC358482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


3. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
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 profit and loss account in other administrative expenses.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEE INFORMATION

The average number of employees during the year was 9 (2023 - 7 ) .

5. INTANGIBLE FIXED ASSETS
Voice
software
£   
COST
At 1st July 2023
and 30th June 2024 2,953
AMORTISATION
At 1st July 2023
and 30th June 2024 2,953
NET BOOK VALUE
At 30th June 2024 -
At 30th June 2023 -

Intangible assets have been written off in equal annual instalments over their estimated economic life of 5 years.

6. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st July 2023 1,389
Additions 453
At 30th June 2024 1,842
DEPRECIATION
At 1st July 2023 1,167
Charge for year 162
At 30th June 2024 1,329
NET BOOK VALUE
At 30th June 2024 513
At 30th June 2023 222

RECEPTIONHQ LLP (REGISTERED NUMBER: OC358482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,415 5,189
Other debtors 1,290 300
8,705 5,489

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,044 1,055
Amounts owed to group undertakings 42,529 14,019
Taxation and social security 3,314 13,493
Other creditors 30,414 21,332
77,301 49,899

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members' loans and other debts rank pari passu with unsecured creditors in the event of a winding up.

10. RESERVES
Other
reserves
£   
At 1st July 2023 (819,572 )
Undivided profit (132,984 )
At 30th June 2024 (952,556 )

11. RELATED PARTY DISCLOSURES

The LLP has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group entities where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.

Loan drawings owed to group companies from the LLP accrue interest at a rate equal to the UK 10 Year Government Bond rate. This does not apply to drawings owed to the LLP's ultimate parent, OfficeHQ Pty Limited, who waived any further interest on such drawings (with effect from 1 July 2021) to further its ongoing financial support of the LLP.

Loan drawings owed by group companies to the LLP accrue interest at a rate equal to the 10 Year Government Bond rate in the country of the borrower.

The smallest group within which ReceptionHQ LLP belongs and for which group financial statements are prepared is the group headed by OfficeHQ Pty Limited, registered at Suite 1B, Level 16, 56 Pitt Street, Sydney, NSW 2000, Australia.