REGISTERED NUMBER: OC352349 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

STREETS HACKETT GRIFFEY LLP

PREVIOUSLY KNOWN AS

HACKETT GRIFFEY LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Paul F Tutin Limited

M P J Bradshaw

J Day

B Halstead

R C Lee

Mrs L J Lord

A R Manderfield

REGISTERED OFFICE:

Tower House

Lucy Tower Street

Lincoln

LN1 1XW

REGISTERED NUMBER:

OC352349 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

56,312

Tangible assets

5

8,715

16,879

8,715

73,191

CURRENT ASSETS

Debtors

6

548,231

631,881

Cash at bank and in hand

198,241

239,807

746,472

871,688

CREDITORS

Amounts falling due within one year

7

282,850

399,065

NET CURRENT ASSETS

463,622

472,623

TOTAL ASSETS LESS CURRENT LIABILITIES

472,337

545,814

CREDITORS

Amounts falling due after more than one year

8

-

34,792

NET ASSETS ATTRIBUTABLE TO MEMBERS

472,337

511,022

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

472,337

511,022

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

472,337

511,022

Amounts due from members

6

(7,058

)

(41,094

)

465,279

469,928

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 23 December 2025 and were signed by:

Paul F Tutin Limited - Designated member

1.	STATUTORY INFORMATION

Streets Hackett Griffey LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 the value of fees and commissions earned in the period, net of VAT.

Revenue in respect of professional services is recognised by reference to the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. Unbilled revenue is included within debtors as accrued income.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses in 2011 and 2023, has been written off.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Office equipment

-

20% on cost

Computer equipment

-

25% on 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.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 18 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

75,545

Impairments

(75,545

)

At 31 March 2025

-

AMORTISATION

At 1 April 2024

19,233

Amortisation for year

7,405

Impairments

(26,638

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

56,312

5.	TANGIBLE FIXED ASSETS

Office

Computer

equipment

equipment

Totals

£

£

£

COST

At 1 April 2024

40,903

31,526

72,429

Additions

936

946

1,882

Disposals

-

(7,581

)

(7,581

)

At 31 March 2025

41,839

24,891

66,730

DEPRECIATION

At 1 April 2024

34,056

21,494

55,550

Charge for year

3,707

4,854

8,561

Eliminated on disposal

-

(6,096

)

(6,096

)

At 31 March 2025

37,763

20,252

58,015

NET BOOK VALUE

At 31 March 2025

4,076

4,639

8,715

At 31 March 2024

6,847

10,032

16,879

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

313,201

453,076

Accrued fees

195,023

100,362

Other debtors

32,949

37,349

541,173

590,787

2025

2024

£

£

Amounts falling due after more than one year:

Other debtors

7,058

41,094

Aggregate amounts

548,231

631,881

Within debtors is a loan to a member of £7,058 which is repayable 30 April 2027. Interest of £1,089 at a rate of 5% p.a. was charged on the loan and is included in the balance.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

10,000

Trade creditors

25,445

21,359

Taxation and social security

125,273

132,898

Other creditors

132,132

234,808

282,850

399,065

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

21,667

Other creditors

-

13,125

-

34,792

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.

10.	OTHER FINANCIAL COMMITMENTS

The LLP had total guarantees and commitments at the balance sheet date of £183,005, being non-cancellable operating lease commitments (2024: £nil).