IRIS Accounts Production v25.1.4.42 SO304846 designated member designated member 1.4.24 31.3.25 31.3.25 0 0 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSO3048462024-03-31SO3048462025-03-31SO3048462024-04-012025-03-31SO3048462023-03-31SO3048462023-04-012024-03-31SO3048462024-03-31SO304846ns15:Scotland2024-04-012025-03-31SO304846ns14:PoundSterling2024-04-012025-03-31SO304846ns10:PartnerLLP12024-04-012025-03-31SO304846ns10:PartnerLLP22024-04-012025-03-31SO304846ns10:LimitedLiabilityPartnershipLLP2024-04-012025-03-31SO304846ns10:SmallEntities2024-04-012025-03-31SO304846ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-31SO304846ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-31SO304846ns10:LimitedLiabilityPartnershipsSORP2024-04-012025-03-31SO304846ns10:FullAccounts2024-04-012025-03-31SO30484612024-04-012025-03-31SO304846ns10:RegisteredOffice2024-04-012025-03-31SO304846ns5:CurrentFinancialInstruments2025-03-31SO304846ns5:CurrentFinancialInstruments2024-03-31SO304846ns5:Non-currentFinancialInstruments2025-03-31SO304846ns5:Non-currentFinancialInstruments2024-03-31SO304846ns5:RevaluationReserve2025-03-31SO304846ns5:RevaluationReserve2024-03-31SO304846ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-04-012025-03-31SO304846ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-03-31SO304846ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2025-03-31SO304846ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-03-31SO304846ns5:RevaluationReserve2024-03-31
REGISTERED NUMBER: SO304846 (Scotland)
















Financial Statements

for the Year Ended 31 March 2025

for

Hawdit And Dawdit Partnership LLP

Hawdit And Dawdit Partnership LLP (Registered number: SO304846)






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


Hawdit And Dawdit Partnership LLP

General Information
for the Year Ended 31 March 2025







DESIGNATED MEMBERS: Robert James Connor
James Wilson





REGISTERED OFFICE: Westburn Business Centre
McNee Road
Prestwick
Ayrshire
KA9 2PB





REGISTERED NUMBER: SO304846 (Scotland)





ACCOUNTANTS: Gillespie & Anderson
Chartered Accountants
Westburn Business Centre
McNee Road
Prestwick
KA9 2PB

Hawdit And Dawdit Partnership LLP (Registered number: SO304846)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Investment property 5 210,000 210,000
210,000 210,000

CURRENT ASSETS
Debtors 6 3,800 4,697
Cash at bank and in hand 4,018 5,240
7,818 9,937
CREDITORS
Amounts falling due within one year 7 8,373 8,612
NET CURRENT (LIABILITIES)/ASSETS (555 ) 1,325
TOTAL ASSETS LESS CURRENT
LIABILITIES

209,445

211,325

CREDITORS
Amounts falling due after more than one
year

8

25,880

33,508
NET ASSETS ATTRIBUTABLE TO
MEMBERS

183,565

177,817

Hawdit And Dawdit Partnership LLP (Registered number: SO304846)

Balance Sheet - continued
31 March 2025

2025 2024
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

71,380

65,632

MEMBERS' OTHER INTERESTS
Capital accounts 2 2
Non-distributable fair
valuation reserve 10 112,183 112,183
183,565 177,817

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 71,380 65,632
Members' other interests 112,185 112,185
183,565 177,817

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 Profit and Loss Account has not been delivered.

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




Robert James Connor - Designated member




James Wilson - Designated member


Hawdit And Dawdit Partnership LLP (Registered number: SO304846)

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

1. STATUTORY INFORMATION

Hawdit And Dawdit Partnership LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Going concern
The members review the financial requirements on a regular basis to ensure that the partnership has adequate resources to meet its commitments as they fall due. Taking account of the current financial position of the partnership and known future income streams and levels of expenditure the members are confident that all commitments can be met over the next year and beyond. On that basis the accounts have been prepared on a going concern basis.

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

Intangible assets
Acquired intangible assets are recorded at cost less amortisation on a straight line basis over the asset's useful economic life. In this instance 5 years is considered a reasonable estimate of useful economic life.

Development costs are amortised evenly over their estimated useful life of the asset.

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss.

Cash and cash equivalents
Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

Taxation
No provision is made in the accounts in respect of tax due by the individual partners on their profit share and on revaluation of the property. Tax paid by the Limited Liability Partnership to satisfy partners tax liabilities is charged to their respective current account balances.

Impairment of fixed assets
At each reporting date, the company reviews the carrying amounts of its tangible and fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the amount of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. EMPLOYEE INFORMATION

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

Hawdit And Dawdit Partnership LLP (Registered number: SO304846)

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

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 April 2024
and 31 March 2025 1,500
AMORTISATION
At 1 April 2024
and 31 March 2025 1,500
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

The intangible assets represent the cost of software development and the intellectual property rights attached to this.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 210,000
NET BOOK VALUE
At 31 March 2025 210,000
At 31 March 2024 210,000

The property was revalued on an open market basis on 17 May 2024 by Graham and Sibbald, Chartered Surveyors and Property Consultants. This valuation is reflected in the accounts at £210,000. No provision for capital gains tax has been made as this liability will be the responsibility of the individual partners at the date of disposal.

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2024 112,183
Cost 97,817
210,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts owed by associates 3,800 4,697

Hawdit And Dawdit Partnership LLP (Registered number: SO304846)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 6,470 6,799
Accruals 1,903 1,813
8,373 8,612

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 25,880 33,508

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2025 2024
£    £   
Amounts owed to members in respect of profits 71,380 65,632

Falling due within one year 71,380 65,632

10. RESERVES
Non-distributable
fair
valuation
reserve
£   
At 1 April 2024
and 31 March 2025 112,183

11. RELATED PARTY DISCLOSURES

West Siphonics Limited

During the year, fees of £18,000 were charged to the company (2024: £18,000). The designated partners were both directors and controlling shareholders of this company for part of the year. As at 31 March 2025 the sum of £3,800 (2024: £4,697) was due from this related party.

West Siphonics Systems Limited

During the year, no fees were charged the company (2024: £7,500). The designated partners were both directors and controlling shareholders of this company for part of the year.

12. CONTROLLING PARTY

The Limited Liability Partnership is under the control of the partners.

13. DEBTS DUE TO MEMBERS

Members' interests are subordinated to bank borrowings. Loans and other debts due to members rank equally with unsecured creditors in the event of a winding up. Members' other interests, represented by members' capital (classified as equity), rank after unsecured creditors