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REGISTERED NUMBER: OC327341 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Hodgson Brothers LLP

Hodgson Brothers LLP (Registered number: OC327341)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

General Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Hodgson Brothers LLP

General Information
for the Year Ended 31 October 2024







Designated members: C J Hodgson FRSA
Mrs C S Hodgson





Registered office: 28 Carre Street
Sleaford
Lincolnshire
NG34 7TR





Registered number: OC327341 (England and Wales)





Accountants: Rupert King & Company Limited
Stanton House
31 Westgate
Grantham
Lincolnshire
NG31 6LX

Hodgson Brothers LLP (Registered number: OC327341)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 16,000 17,000
Tangible assets 5 3,857 4,241
Investment property 6 48,000 -
67,857 21,241

Current assets
Debtors 7 14,420 34,157
Cash at bank and in hand 3,262 11,219
17,682 45,376
Creditors
Amounts falling due within one year 8 10,102 5,633
Net current assets 7,580 39,743
Total assets less current liabilities 75,437 60,984

Creditors
Amounts falling due after more than one
year

9

17,740

19,740
Net assets attributable to members 57,697 41,244

Loans and other debts due to members 10 17,697 1,244

Members' other interests
Capital accounts 40,000 40,000
57,697 41,244

Total members' interests
Loans and other debts due to members 10 17,697 1,244
Members' other interests 40,000 40,000
Amounts due from members 7 - (21,786 )
57,697 19,458

Hodgson Brothers LLP (Registered number: OC327341)

Balance Sheet - continued
31 October 2024


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 October 2024.

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 10 July 2025 and were signed by:




C J Hodgson FRSA - Designated member




Mrs C S Hodgson - Designated member


Hodgson Brothers LLP (Registered number: OC327341)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. Statutory information

Hodgson Brothers 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 as modified by the revaluation of certain assets.

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 represents the current valuation of intellectual property held by the partnership. Goodwill is written off over a period of 20 years, beginning with the year following recognition of the asset.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on reducing balance

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

3. Employee information

The average number of employees during the year was 1 (2023 - 1 ) .

Hodgson Brothers LLP (Registered number: OC327341)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. Intangible fixed assets
Goodwill
£   
Cost or valuation
At 1 November 2023
and 31 October 2024 20,000
Amortisation
At 1 November 2023 3,000
Charge for year 1,000
At 31 October 2024 4,000
Net book value
At 31 October 2024 16,000
At 31 October 2023 17,000

Cost or valuation at 31 October 2024 is represented by:

Goodwill
£   
Valuation in 2020 20,000

5. Tangible fixed assets
Fixtures,
fittings
and
equipment
£   
Cost
At 1 November 2023
and 31 October 2024 8,097
Depreciation
At 1 November 2023 3,856
Charge for year 384
At 31 October 2024 4,240
Net book value
At 31 October 2024 3,857
At 31 October 2023 4,241

Hodgson Brothers LLP (Registered number: OC327341)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. Investment property
Total
£   
Fair value
Additions 48,000
At 31 October 2024 48,000
Net book value
At 31 October 2024 48,000

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 8,523 5,584
Amounts due from members - 21,786
Other debtors 5,310 6,222
Prepayments 587 565
14,420 34,157

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 2,121 2,000
Trade creditors 249 242
Social security and other taxes 60 10
VAT 3 3
Other creditors 4,492 2,428
Accruals and deferred income 2,227 -
Accrued expenses 950 950
10,102 5,633

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 1,167 2,000
Bank loans - 2-5 years - 1,167
Loan from Member company 16,573 16,573
17,740 19,740

10. Loans and other debts due to members

Loans and other debts due to members (other than members' capital classified as debt) would stand on a par with other unsecured creditors.