Registered number: OC309174
Unaudited financial statements
for the year ended 31 March 2025
for
J AND B HAWARD LLP
Pages for filing with the Registrar
Registered number: OC309174
J AND B HAWARD LLP
Balance sheet
as at 31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Investment property 4 3,000,000 3,000,000
3,000,000 3,000,000
Current assets
Debtors 5,925 5,925
Cash at bank and in hand 30,986 63,135
36,911 69,060
Creditors: amounts falling due within one
year
954 (10,040)
Net current assets 37,865 59,020
Total assets less current liabilities 3,037,865 3,059,020
NET ASSETS ATTRIBUTABLE TO
MEMBERS
3,037,865 3,059,020
Represented by:
Loans and other debts due to members
Members' capital classified as a liability 225,624 275,907
225,624 275,907
Members' other interests
Members' capital classified as equity (187,759) (216,887)
Other reserves classified as equity 3,000,000 3,000,000
2,812,241 2,783,113
3,037,865 3,059,020
Members' total interests
Loans and other debts due to members 225,624 275,907
Members' other interests 2,812,241 2,783,113
3,037,865 3,059,020
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Registered number: OC309174
J AND B HAWARD LLP
Balance sheet - continued
as at 31 March 2025
The LLP was 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 relating to small LLPs for the year ended 31 March 2025.
The members acknowledge their responsibilities to comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 in respect to accounting records and the preparation of financial statements.
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 to the Registrar.
These financial statements were approved by the members and authorised for issue on 3 July 2025 and signed on their behalf by:
Mrs J Haward, Designated Member
3 July 2025
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J AND B HAWARD LLP
Notes to the financial statements
for the year ended 31 March 2025
1 General information
J AND B HAWARD LLP is a limited liability partnership registered in England and Wales. Its registered number is OC309174. Its registered office is 1c Laurier Road, London, NW5 1SD.
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 and the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the members have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the LLP's ability to continue as a going concern. In making this assessment, the members take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The members consider that the LLP has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in 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.
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the LLP becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the LLP will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the LLP's cash management.

Financial liabilities and equity instruments issued by the LLP are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after deducting all of its liabilities. Equity instruments issued by the LLP are recorded at the proceeds received, net of direct issue costs.
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J AND B HAWARD LLP
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Members' transactions with the LLP
Members' participation rights are the rights of a member against the LLP that arise under the members'
agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.
All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due tomembers' and, where such an amount relates to current year profits, they are recognised within 'Members' remuneration charged as an expense' in arriving at the relevant year's result. Undivided amounts that are classified as equity are shown within 'Members' other interests'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests.
Where there exists an asset and liability component in respect of an individual member's participation rights, they are presented on a gross basis unless the LLP has both a legally enforceable right to set off the recognised amounts, and it intends either to settle on a net basis or to settle and realise these amounts simultaneously, in which case they are presented net.
3 Average number of employees
During the year the average number of employees was 2 (2024 - 2).
4 Investment property
£
Valuation
At 1 April 2024 3,000,000
At 31 March 2025 3,000,000
5 Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the LLP becomes a
party to the contractual provisions of the instrument.
Trade and other debtors and creditors are classified as basic financial instruments and measured at
initial recognition at transaction price. Debtors and creditors are subsequently measured at
amortised cost using the effective interest rate method. A provision is established when there is
objective evidence that the LLP will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and
at bank and bank overdrafts which are an integral part of the LLP's cash management.
4
J AND B HAWARD LLP
Notes to the financial statements - continued
for the year ended 31 March 2025
5 Financial instruments - continued
Financial liabilities and equity instruments issued by the LLP are classified in accordance with the
substance of the contractual arrangements entered into and the definitions of a financial liability and
an equity instrument. An equity instrument is any contract that evidences a residual interest in the
assets of the LLP after deducting all of its liabilities. Equity instruments issued by the LLP are
recorded at the proceeds received, net of direct issue costs.
6 Loans and other debts due to members
In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.
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