George Hay & Company (Westminster) LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC376894 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

GEORGE HAY & COMPANY (WESTMINSTER) LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M G Davis

A P C Fox

P A Ventham

M Achilleos

REGISTERED OFFICE:

83 Cambridge Street

Pimlico

London

SW1V 4PS

REGISTERED NUMBER:

OC376894 (England and Wales)

ACCOUNTANTS:

George Hay & Company

Chartered Accountants

83 Cambridge Street

London

SW1V 4PS

FIXED ASSETS

Tangible assets

4

167,761

CURRENT ASSETS

Stocks

680,468

556,369

Debtors

5

593,127

569,501

Cash at bank

40,117

182,389

1,313,712

1,308,259

CREDITORS

Amounts falling due within one year

6

152,501

229,163

NET CURRENT ASSETS

1,161,211

1,079,096

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,328,972

1,246,857

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

1,328,972

1,246,857

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

1,328,972

1,246,857

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 31st 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 14th October 2025 and were signed by:

M Achilleos - Designated member

A P C Fox - Designated member

1.	STATUTORY INFORMATION

George Hay & Company (Westminster) 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 represents net fees, excluding value added tax, adjusted for movements in the value of work in progress in the year.

Tangible fixed assets

No depreciation is provided on the land and buildings. The property is being maintained in a state of sound repair and improvement such that the members consider that the life of the asset is so long and the residual

value so high that depreciation is insignificant.

Work in progress

In respect of partially completed contracts, revenue is recognised as work-in-progress to reflect the partial performance of the LLP's contractual obligations.

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.

Financial instruments

The LLP only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 23 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1st April 2024

and 31st March 2025

167,761

NET BOOK VALUE

At 31st March 2025

167,761

At 31st March 2024

167,761

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

580,449

562,417

Other debtors

12,678

7,084

593,127

569,501

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Taxation and social security

113,287

108,864

Other creditors

39,214

120,299

152,501

229,163

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members will rank equally with debts due to other unsecured creditors in the event of a winding up of the LLP.