Bass Hunt & Co. LLP - Filleted accounts

Registered number

OC423022

Bass Hunt & Co. LLP

Filleted Accounts

31 March 2025

Bass Hunt & Co. LLP
Registered number:		OC423022
Balance Sheet
as at 31 March 2025
Notes		2025		2024
£			£
Fixed assets
Tangible assets	3	32,373		3,522
Current assets
Stocks and work in progress		35,170		40,322
Debtors	4	53,518		61,994
Cash at bank and in hand		23,802		13
		112,490		102,329

Creditors: amounts falling due within one year	5	(105,448)		(62,697)

Net current assets		7,042		39,632

Total assets less current liabilities		39,415		43,154

Creditors: amounts falling due after more than one year	6	(20,090)		(12,500)

Net assets attributable to members		19,325		30,654

Represented by:
Loans and other debts due to members	7	19,325		30,654

		19,325		30,654

Total members' interests
Loans and other debts due to members	7	19,325		30,654

		19,325		30,654

For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.

These accounts were approved by the members on 22 December 2025 and signed on their behalf by:




M W Hunt
Designated member

Bass Hunt & Co. LLP
Notes to the Accounts
for the period from 1 April 2024 to 31 March 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.

	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 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.

	Division of profits
	Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.

	Taxation
	Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery		25% reducing balance
	Motor vehicles		25% reducing balance

	Work in progress
	Work in progress is measured at estimated realisable value, after providing for non-recoverable amounts. Work in progress represents unbilled revenue.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Members' capital
	Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the LLP's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees				2025		2024
Number						Number

	Average number of persons employed by the LLP				4		4


3	Tangible fixed assets
			Plant and machinery		Motor vehicles		Total
£				£		£
	Cost
	At 1 April 2024		10,954		-		10,954
	Additions		1,467		28,937		30,404
	Disposals		(1,373)		-		(1,373)
	At 31 March 2025		11,048		28,937		39,985

	Depreciation
	At 1 April 2024		7,432		-		7,432
	Charge for the year		1,145		-		1,145
	On disposals		(965)		-		(965)
	At 31 March 2025		7,612		-		7,612

	Net book value
	At 31 March 2025		3,436		28,937		32,373
	At 31 March 2024		3,522		-		3,522


4	Debtors				2025		2024
£						£

	Trade debtors				41,357		50,731
	Other debtors				12,161		11,263
					53,518		61,994


5	Creditors: amounts falling due within one year				2025		2024
£						£

	Bank loans and overdrafts				10,000		23,374
	Obligations under finance lease and hire purchase contracts				5,405		-
	Trade creditors				60,764		17,259
	Other taxes and social security costs				28,970		21,785
	Other creditors				309		279
					105,448		62,697


6	Creditors: amounts falling due after one year				2025		2024
£						£

	Bank loans				2,500		12,500
	Obligations under finance lease and hire purchase contracts				17,590		-
					20,090		12,500


7	Loans and other debts due to members				2025		2024
£						£

	Amounts due to members in respect of profits				19,325		30,654

	Amounts falling due within one year				19,325		30,654

	Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.


8	Other information

	Bass Hunt & Co. LLP is a limited liability partnership incorporated in England and Wales. Its registered office is:

	Ground Floor, Advance House
	9 Waterfall Lane Trading Estate
	Cradley Heath
	West Midlands
	B64 6PU

	Its registered number is:	OC423022