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J AND B HAWARD LLP
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Notes to the financial statements
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for the year ended 31 March 2025
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1
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General information
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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.
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2
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Accounting policies
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Basis of preparing the financial statements
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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.
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Going concern
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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.
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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.
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Turnover
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Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, Value Added Tax and other sales taxes.
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Investment property
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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.
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Financial instruments
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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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3
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