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REGISTERED NUMBER: OC429334 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Hollis Hockley LLP

Hollis Hockley LLP (Registered number: OC429334)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hollis Hockley LLP

General Information
for the Year Ended 31 March 2025







DESIGNATED MEMBERS: C Barrs
N P Hockley
J Metcalfe
R Shaw





REGISTERED OFFICE: 4 Elmwood
Crockford Lane
Chineham Park
Basingstoke
Hampshire
RG24 8WG





REGISTERED NUMBER: OC429334 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Hollis Hockley LLP (Registered number: OC429334)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 13,746 25,607

CURRENT ASSETS
Debtors 5 527,194 218,936
Cash at bank and in hand 678,038 136,797
1,205,232 355,733
CREDITORS
Amounts falling due within one year 6 1,094,624 124,216
NET CURRENT ASSETS 110,608 231,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,354

257,124

CREDITORS
Amounts falling due after more than one
year

7

3,084

13,265
NET ASSETS ATTRIBUTABLE TO
MEMBERS

121,270

243,859

Hollis Hockley LLP (Registered number: OC429334)

Balance Sheet - continued
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

-

122,589

MEMBERS' OTHER INTERESTS
Capital accounts 121,270 121,270
121,270 243,859

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 - 122,589
Members' other interests 121,270 121,270
Amounts due from members 5 (135,505 ) (93,146 )
(14,235 ) 150,713

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 31 March 2025.

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 28 April 2025 and were signed by:




R Shaw - Designated member




J Metcalfe - Designated member


Hollis Hockley LLP (Registered number: OC429334)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Hollis Hockley 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 represents the amounts recoverable for the services provided to clients, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 25% on cost

Financial instruments
Debtors and creditors payable/receivable 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.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

Hollis Hockley LLP (Registered number: OC429334)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


2. ACCOUNTING POLICIES - continued

Members' participating interests
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within 'Members remuneration charged as an expense' in arriving at the relevant year's result. Undivided amounts that are classified as equity are shown within 'Members' other interests'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests.

Where there exists an asset and liability component in respect of an individual member's participation rights, they are presented on a gross basis unless the LLP has both a legally enforceable right to set off the recognised amounts, and it intends to either settle on a net basis or to settle and realise these amounts simultaneously, in which case they are presented net.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2024 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 April 2024 60,088 22,928 83,016
Additions - 1,425 1,425
At 31 March 2025 60,088 24,353 84,441
DEPRECIATION
At 1 April 2024 36,055 21,354 57,409
Charge for year 12,019 1,267 13,286
At 31 March 2025 48,074 22,621 70,695
NET BOOK VALUE
At 31 March 2025 12,014 1,732 13,746
At 31 March 2024 24,033 1,574 25,607

Hollis Hockley LLP (Registered number: OC429334)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 380,739 114,011
Other debtors 146,455 104,925
527,194 218,936

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 20,343 3,074
Taxation and social security 222,715 105,392
Other creditors 841,566 5,750
1,094,624 124,216

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 3,084 13,265

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.25 31.3.24
£    £   
Within one year 21,385 21,385
Between one and five years - 21,385
21,385 42,770

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.