| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| Hawdit And Dawdit Partnership LLP |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| 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 |
| 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 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 were approved by the members of the LLP and authorised for issue on |
| 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 |
| AMORTISATION |
| At 1 April 2024 |
| and 31 March 2025 |
| 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 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 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 |
| 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 |
| Accruals |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| 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 |
| 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 |