Hairsines LLP

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—4

Registered number: OC450313

		31 March 2025
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		4,894

			4,894
CURRENT ASSETS
Stocks	5	5,200
Debtors	6	3,546
Cash at bank and in hand		9,146

		17,892
Creditors: Amounts Falling Due Within One Year	7	(33,461 )

NET CURRENT ASSETS (LIABILITIES)			(15,569 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(10,675 )

NET LIABILITIES ATTRIBUTABLE TO MEMBERS			(10,675 )

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		17,669

			17,669

Equity
Members' other interests
Members' capital		(28,344)

			(28,344)

			(10,675)

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			17,669
Members' other interests			(28,344)

			(10,675)

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Hairsines LLP

Statement of Financial Position (continued)

As At 31 March 2025

For the period ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Income Statement.

On behalf of the members

Mrs J Hairsine Designated Member	Mr K Hairsine Designated Member
9 September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Hairsines LLP is a limited liability partnership, incorporated in England & Wales, registered number OC450313 . The Registered Office is Knowledge Centre, Wyboston Lakes, Wyboston, Bedfordshire, MK44 3BY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% on a reducing balance basis.
Fixtures & Fittings	15% on a reducing balance basis.

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the period was: NIL

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Hairsines LLP

Notes to the Financial Statements (continued)

For the Period 15 December 2023 to 31 March 2025

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 15 December 2023	-	-	-
Additions	753	5,772	6,525

As at 31 March 2025	753	5,772	6,525

Depreciation
As at 15 December 2023	-	-	-
Provided during the period	188	1,443	1,631

As at 31 March 2025	188	1,443	1,631

Net Book Value
As at 31 March 2025	565	4,329	4,894

As at 15 December 2023	-	-	-

5. Stocks

	31 March 2025
	£
Stock	5,200

6. Debtors

	31 March 2025
	£
Due within one year
Trade debtors	3,546

7. Creditors: Amounts Falling Due Within One Year

	31 March 2025
	£
Trade creditors	1
Bank loans and overdrafts	12,439
Other creditors	16,119
Taxation and social security	4,902

	33,461

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