REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
FOR |
HOWARD & CO SOLICITORS LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
FOR |
HOWARD & CO SOLICITORS LLP |
HOWARD & CO SOLICITORS LLP (REGISTERED NUMBER: OC440730) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
HOWARD & CO SOLICITORS LLP |
GENERAL INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
12 Victoria Road |
Barnsley |
South Yorkshire |
S70 2BB |
HOWARD & CO SOLICITORS LLP (REGISTERED NUMBER: OC440730) |
BALANCE SHEET |
30 SEPTEMBER 2024 |
30.9.24 | 30.9.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
477,711 |
402,005 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
8 |
477,711 |
402,005 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | 477,711 | 402,005 |
HOWARD & CO SOLICITORS LLP (REGISTERED NUMBER: OC440730) |
BALANCE SHEET - continued |
30 SEPTEMBER 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. |
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 |
HOWARD & CO SOLICITORS LLP (REGISTERED NUMBER: OC440730) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
1. | STATUTORY INFORMATION |
Howard & Co Solicitors 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 financial statements are presented in sterling which is the functional currency of the LLP and rounded to the nearest pound. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements. |
There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, net of VAT and discounts. |
Turnover is recognised to the extent that the business has obtained the right to consideration through the performance of its contractual obligations. Where the substance is that the business's contractual obligations are performed over time, turnover is recognised as contract activity progresses to reflect the business's partial performance of its contractual obligations. The amount recognised represents the right to consideration by reference to the value of the work performed. |
Tangible fixed assets |
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: |
Computer equipment | 33% straight line |
Plant, fixture & fittings | 15% reducing balance |
Property improvements | 10% straight line |
HOWARD & CO SOLICITORS LLP (REGISTERED NUMBER: OC440730) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
2. | ACCOUNTING POLICIES - continued |
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 |
4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | and | Computer |
property | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 October 2023 |
Additions |
Disposals | ( |
) | ( |
) |
At 30 September 2024 |
DEPRECIATION |
At 1 October 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
HOWARD & CO SOLICITORS LLP (REGISTERED NUMBER: OC440730) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Trade debtors |
Amounts recoverable on |
contracts | 450,000 | 360,000 |
Other debtors |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Professional indemnity |
insurance | 43,756 | 47,165 |
Finance leases (see note 7) |
Trade creditors |
Social security and other taxes |
VAT | 79,234 | 107,265 |
Other creditors |
Accruals and deferred income |
7. | LEASING AGREEMENTS |
Minimum lease payments under finance leases fall due as follows: |
Finance leases |
30.9.24 | 30.9.23 |
£ | £ |
Net obligations repayable: |
Within one year |
HOWARD & CO SOLICITORS LLP (REGISTERED NUMBER: OC440730) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
7. | LEASING AGREEMENTS - continued |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
30.09.24 | 30.09.23 |
£ | £ |
Within one year | 122,760 | 74,670 |
Between one and five years | 481,134 | 300,920 |
593,894 | 375,590 |
8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
30.9.24 | 30.9.23 |
£ | £ |
Amounts owed to members in respect of profits | 477,711 | 402,005 |
Falling due within one year | 477,711 | 402,005 |
Members interests rank pari passu with other unsecured creditors in the event of a winding up of the LLP. |