REGISTERED NUMBER: OC388731 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HOWZAT AGAIN LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

D Soskin

AHH Capital Limited

REGISTERED OFFICE:

Magma House

16 Davy Court

Castle Mound Way

Rugby

Warwickshire

CV23 0UZ

REGISTERED NUMBER:

OC388731 (England and Wales)

AUDITORS:

Magma Audit LLP

16 Davy Court

Castle Mound Way

Rugby, CV23 0UZ

Magma Audit LLP is part

Of the Dains Group

FIXED ASSETS

Investments

4

1,387,684

1,915,269

CURRENT ASSETS

Debtors

5

248,871

257,663

Cash at bank

164,059

312,826

412,930

570,489

CREDITORS

Amounts falling due within one year

6

(19,114

)

(21,258

)

NET CURRENT ASSETS

393,816

549,231

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,781,500

2,464,500

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Capital accounts

106,857

106,857

Other reserves

1,674,643

2,357,643

1,781,500

2,464,500

TOTAL MEMBERS' INTERESTS

Members' other interests

1,781,500

2,464,500

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.

The financial statements were approved by the members of the LLP and authorised for issue on 30 September 2025 and were signed by:

D Soskin - Designated member

1.	STATUTORY INFORMATION

Howzat Again LLP (OC388731) is a Limited Liability Partnership registered in England and Wales. Its registered office is Magma House, 16 Davy Court, Castle Mound Way, Rugby, Warwickshire, CV23 0UZ.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented, unless otherwise stated. The LLP has adopted FRS 102 Section 1A Small Entities in these financial statements.

The financial statements are presented in sterling.

Turnover

Turnover represents dividends receivable. Where the partnership holds cumulative preference shares, dividends are accrued for as they accumulate; ordinary dividends are recognised when they are declared by the invested company. Dividends are shown inclusive of withholding tax.

Financial instruments

The LLP has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

(ii) Financial liabilities

Basic financial liabilities, including trade creditors and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments

Fixed asset investments are shown at cost less provision for impairment. Consideration in respect of disposals is determined at the date of disposal, any subsequent amendments are processed through administrative expenses.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the member's agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Profits derived from dividend and interest income less any expense of the LLP are divided automatically in accordance to the members agreement and therefore such profits are classed as an expense through the profit and loss rather than an appropriation of equity.

Profits derived from capital profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, and therefore such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the profit and loss account and are equity appropriations in the balance sheet.

Members interest on their loan accounts are treated as remuneration charged as an expense and included in loans and other debts due to members.

The losses of the LLP shall be debited to member's income and capital accounts only to the extent that such a debit would not result in a negative balance on such account. When losses are not debited to members income and capital accounts they shall be carried forward as an undivided loss of the LLP.

All amounts due to the members that are classified as liabilities are presented in the balance sheet within 'Loans and other debt due to members' and are charged to profit and loss account within 'Members' remuneration charged as an expense. Amounts due to members that are classified as equity are shown in the balance sheet within 'Members' other interests'.

Taxation

The taxation payable on the partnership's profits is the personal liability of the partners during the year. Consequently, neither partnership nor related deferred taxation are accounted for in the financial statements. Sums set aside in respect of partners' tax obligations are included in the balance sheet within loans and other debt due to partners or set against amounts due from partners as appropriate. Withholding tax is shown as an expense of the LLP.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2023 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

2,649,488

Additions

1,794

Disposals

(201,670

)

At 31 December 2024

2,449,612

PROVISIONS

At 1 January 2024

734,219

Provision for year

449,797

Eliminated on disposal

(122,088

)

At 31 December 2024

1,061,928

NET BOOK VALUE

At 31 December 2024

1,387,684

At 31 December 2023

1,915,269

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Other debtors

2,440

-

Amounts falling due after more than one year:

Other debtors

246,431

257,663

Aggregate amounts

248,871

257,663

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

114

7,158

Other creditors

19,000

14,100

19,114

21,258

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

The Report of the Auditors was unqualified.

Victoria Craig (Senior Statutory Auditor)

for and on behalf of Magma Audit LLP