REGISTERED NUMBER: OC442461 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Hoofer & Mortar Holdings LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

R S Ham

R Ham Holdings Limited

REGISTERED OFFICE:

46 Coatham Road

Redcar

England

TS10 1RS

REGISTERED NUMBER:

OC442461 (England and Wales)

ACCOUNTANTS:

SKS Bailey Group Limited

Oaklea House

46 Coatham Road

Redcar

TS10 1RS

Fixed assets

Tangible assets

3

3,184

2,299

Investment property

4

630,000

728,000

633,184

730,299

Current assets

Debtors

5

12,250

8,050

Cash at bank

7,363

10,102

19,613

18,152

Creditors

Amounts falling due within one year

6

(4,123

)

(4,093

)

Net current assets

15,490

14,059

Total assets less current liabilities

648,674

744,358

Creditors

Amounts falling due after more than one year

7

(324,392

)

(330,277

)

Net assets attributable to members

324,282

414,081

Loans and other debts due to members

9

324,282

414,081

Total members' interests

Loans and other debts due to members

9

324,282

414,081

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 8 September 2025 and were signed by:

R S Ham - Designated member

1.	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.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% 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.

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.

2.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2024 - 2 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

380

2,800

-

3,180

Additions

-

-

1,870

1,870

At 31 March 2025

380

2,800

1,870

5,050

DEPRECIATION

At 1 April 2024

142

739

-

881

Charge for year

59

412

514

985

At 31 March 2025

201

1,151

514

1,866

NET BOOK VALUE

At 31 March 2025

179

1,649

1,356

3,184

At 31 March 2024

238

2,061

-

2,299

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

728,000

Revaluations

(98,000

)

At 31 March 2025

630,000

NET BOOK VALUE

At 31 March 2025

630,000

At 31 March 2024

728,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

3,000

Valuation in 2025

(98,000

)

Cost

725,000

630,000

Properties are required to be disclosed within the financial statements at fair value.

The valuation was made by members on an open market value basis by reference to market evidence of transaction prices for similar properties.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

12,250

8,050

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Social security and other taxes

1,055

1,035

Other creditors

-

1,539

Pension liability

197

169

Accrued expenses

2,871

1,350

4,123

4,093

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

8,185

Bank loans more 5 yrs non-inst

324,392

322,092

324,392

330,277

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

324,392

322,092

Repayable by instalments

Bank loans

-

8,185

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Mortgage

322,042

322,092

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

324,282

414,081

Falling due within one year

324,282

414,081

Members rank ahead of other creditors in a liquidation.