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REGISTERED NUMBER: OC320313 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

FOR

HAZLE MCCORMACK YOUNG LLP

HAZLE MCCORMACK YOUNG LLP (REGISTERED NUMBER: OC320313)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Balance Sheet 1

Notes to the Financial Statements 3


HAZLE MCCORMACK YOUNG LLP (REGISTERED NUMBER: OC320313)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 1,511 1,989
Tangible assets 6 112,804 153,426
114,315 155,415

CURRENT ASSETS
Debtors 7 1,008,938 515,934
Cash at bank and in hand 626,865 246,544
1,635,803 762,478
CREDITORS
Amounts falling due within one year 8 787,067 331,392
NET CURRENT ASSETS 848,736 431,086
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

963,051

586,501

HAZLE MCCORMACK YOUNG LLP (REGISTERED NUMBER: OC320313)

BALANCE SHEET - continued
31 MARCH 2025

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

9

563,051

186,501

MEMBERS' OTHER INTERESTS
Capital accounts 400,000 400,000
963,051 586,501

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

9

563,051

186,501
Members' other interests 400,000 400,000
963,051 586,501

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 4 July 2025 and were signed by:




D R Hall - Designated member

HAZLE MCCORMACK YOUNG LLP (REGISTERED NUMBER: OC320313)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Hazle McCormack Young LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC320313

Registered office: Leap House
Frog Lane
Tunbridge Wells
Kent
TN1 1YT

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

HAZLE MCCORMACK YOUNG LLP (REGISTERED NUMBER: OC320313)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEE INFORMATION

The average number of employees during the year was 23 (2024 - 22 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 4,773
AMORTISATION
At 1 April 2024 2,784
Charge for year 478
At 31 March 2025 3,262
NET BOOK VALUE
At 31 March 2025 1,511
At 31 March 2024 1,989

HAZLE MCCORMACK YOUNG LLP (REGISTERED NUMBER: OC320313)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


6. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 42,202 83,785 141,966 237,219 505,172
Additions - 407 - 3,610 4,017
Disposals (42,202 ) - - (1,815 ) (44,017 )
At 31 March 2025 - 84,192 141,966 239,014 465,172
DEPRECIATION
At 1 April 2024 42,202 83,383 56,547 169,614 351,746
Charge for year - 171 21,355 22,310 43,836
Eliminated on disposal (42,202 ) - - (1,012 ) (43,214 )
At 31 March 2025 - 83,554 77,902 190,912 352,368
NET BOOK VALUE
At 31 March 2025 - 638 64,064 48,102 112,804
At 31 March 2024 - 402 85,419 67,605 153,426

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024 33,040
Transfer to ownership (33,040 )
At 31 March 2025 -
DEPRECIATION
At 1 April 2024 17,553
Charge for year 3,872
Transfer to ownership (21,425 )
At 31 March 2025 -
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 15,487

HAZLE MCCORMACK YOUNG LLP (REGISTERED NUMBER: OC320313)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 898,417 379,375
Amount recoverable on
contracts 6,488 37,725
Prepayments 104,033 98,834
1,008,938 515,934

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Loans - 133,333
Hire purchase contracts - 3,333
Trade creditors 58,677 64,886
PAYE and social security 24,258 21,168
VAT 206,336 77,748
Other creditors 100,000 -
Wages control account 1,024 -
Staff pension 3,748 4,176
Student loan 814 785
Accruals and deferred income 392,210 25,963
787,067 331,392

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2025 2024
£    £   
Amounts owed to members in respect of profits 563,051 186,501

Falling due within one year 563,051 186,501

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.
There is no provision for specific legally enforceable protection afforded to creditors in such an event.
There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'.