H&B Buying Group LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC356617 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

H&B Buying Group LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

Mr D J B Hopkins

Mr S B Patel

Mr N D Neale

Mr C I Cato

Mr D A Young

Ms C J Jones

N Carter

Mr R C Robinson

Mr A Tomlinson

REGISTERED OFFICE:

22-23 Shenley Pavillions

Chalkdell Drive

Shenley Wood

Milton Keynes

MK5 6LB

REGISTERED NUMBER:

OC356617 (England and Wales)

AUDITORS:

Charnwood Accountants & Business Advisors LLP

Statutory Auditor

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

FIXED ASSETS

Tangible assets

4

22,495

23,404

Investments

5

-

22,495

23,404

CURRENT ASSETS

Debtors

6

1,795,680

4,601,337

Cash at bank

2,145,207

4,157,446

3,940,887

8,758,783

CREDITORS

Amounts falling due within one year

7

2,506,778

7,288,443

NET CURRENT ASSETS

1,434,109

1,470,340

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,456,604

1,493,744

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

1,456,532

1,493,672

MEMBERS' OTHER INTERESTS

Capital accounts

72

1,456,604

1,493,744

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

1,456,532

1,493,672

Members' other interests

72

1,456,604

1,493,744

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 26 September 2025 and were signed by:

Mr N D Neale - Designated member

1.	STATUTORY INFORMATION

H&B Buying Group 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

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.

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.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

10% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 14 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

54,934

Additions

6,091

At 31 December 2024

61,025

DEPRECIATION

At 1 January 2024

31,530

Charge for year

7,000

At 31 December 2024

38,530

NET BOOK VALUE

At 31 December 2024

22,495

At 31 December 2023

23,404

5.	FIXED ASSET INVESTMENTS

The LLP's investments at the Balance Sheet date in the share capital of companies include the following:

H&B Development Group LTD

Registered office: 22-23 Shenley Pavillions, Chalkwell Drive, Shenley Wood, Milton Keynes, MK5 6LB

Nature of business: Buying Group

%

Class of shares:

holding

Ordinary - disposed of as at

100.00

31.03.2023

31.12.24

31.3.23

£

Aggregate capital and reserves

-

7,877

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

146,671

43,461

Amounts owed by group undertakings

349,475

1,784,741

Other debtors

1,299,534

2,773,135

1,795,680

4,601,337

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

35,449

22,619

Amounts owed to group undertakings

-

5,528,847

Taxation and social security

1,122,346

1,319,305

Other creditors

1,348,983

417,672

2,506,778

7,288,443

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The loans owed to members are unsecured and have no fixed repayment date.

Amounts due to members would rank alongside ordinary unsecured creditors in the event of a winding up. There is no protection afforded to unsecured creditors which is legally enforceable.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher David Hutton FCCA (Senior Statutory Auditor)

for and on behalf of Charnwood Accountants & Business Advisors LLP