Registered number
OC423736
The Howl & The Hum LLP
Unaudited Filleted Accounts
5 April 2024
The Howl & The Hum LLP
Registered number: OC423736
Balance Sheet
as at 5 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 17,293 17,293
Current assets
Debtors 4 4,001 3,782
Cash at bank and in hand - 2,193
4,001 5,975
Creditors: amounts falling due within one year 5 (4,624) (3,400)
Net current (liabilities)/assets (623) 2,575
Total assets less current liabilities 16,670 19,868
Creditors: amounts falling due after more than one year 6 (17,014) (17,882)
Net (liabilities)/assets attributable to members (344) 1,986
Represented by:
Members' other interests
Other reserves (344) 1,986
Total members' interests
Members' other interests (344) 1,986
For the period ended 5 April 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 17 April 2025 and signed on their behalf by:
B Blackwell
Designated member
The Howl & The Hum LLP
Notes to the Accounts
for the period from 1 January 2024 to 5 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 25% reducing balance basis
Motor vehicles 20% reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 23,033 18,000 41,033
At 5 April 2024 23,033 18,000 41,033
Depreciation
At 1 January 2024 14,956 8,784 23,740
At 5 April 2024 14,956 8,784 23,740
Net book value
At 5 April 2024 8,077 9,216 17,293
At 31 December 2023 8,077 9,216 17,293
4 Debtors 2024 2023
£ £
Trade debtors 219 -
Other debtors 3,782 3,782
4,001 3,782
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,724 2,500
Other creditors 900 900
4,624 3,400
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 17,014 17,882
7 Other information
The Howl & The Hum LLP is a limited liability partnership incorporated in England. Its registered office is 76 Lake View Road, Coventry, CV5 8JY.
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