| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 October 2024 |
| for |
| Hodgson Brothers LLP |
| REGISTERED NUMBER: |
| 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: |
| Registered office: |
| Registered number: |
| Accountants: |
| 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 |
| Tangible assets | 5 |
| Investment property | 6 |
| Current assets |
| Debtors | 7 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 8 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
9 |
| 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 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 |
| 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 |
| 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 |
| Plant and machinery etc | - |
| 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 |
| 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 |
| Amortisation |
| At 1 November 2023 |
| Charge for year |
| At 31 October 2024 |
| Net book value |
| At 31 October 2024 |
| At 31 October 2023 |
| 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 |
| Depreciation |
| At 1 November 2023 |
| Charge for year |
| At 31 October 2024 |
| Net book value |
| At 31 October 2024 |
| At 31 October 2023 |
| 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 |
| At 31 October 2024 |
| Net book value |
| At 31 October 2024 |
| 7. | Debtors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Amounts due from members | - | 21,786 |
| Other debtors |
| Prepayments |
| 8. | Creditors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Social security and other taxes |
| VAT | 3 | 3 |
| Other creditors |
| Accruals and deferred income |
| Accrued expenses |
| 9. | Creditors: amounts falling due after more than one year |
| 2024 | 2023 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Loan from Member company | 16,573 | 16,573 |
| 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. |