REGISTERED NUMBER: OC303655 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

GARRY HICKMAN LLP

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

323,178

334,289

CURRENT ASSETS

Stocks

91,181

89,860

Debtors

5

123,696

130,516

Cash at bank

56,800

30,903

271,677

251,279

CREDITORS

Amounts falling due within one year

6

69,010

48,254

NET CURRENT ASSETS

202,667

203,025

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

525,845

537,314

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

201,386

212,855

MEMBERS' OTHER INTERESTS

Capital accounts

324,459

324,459

525,845

537,314

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

201,386

212,855

Members' other interests

324,459

324,459

525,845

537,314

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 17 December 2025 and were signed by:

G Hickman - Designated member

1.	STATUTORY INFORMATION

Garry Hickman LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC303655

Registered office:

Chestnut Cottage

Lodge Farm

Kineton

Warwickshire

CV35 0JH

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 net amount invoiced to customers less trade discounts, excluding value added tax and sales of fixed assets. The turnover is derived wholly from within the United Kingdom.

Tangible fixed assets

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

Machinery and vehicles

-

25% on reducing balance

Computer equipment

-

3 years straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Assets acquired on hire purchase contracts are recorded in the balance sheet as tangible fixed assets. Rentals payable are apportioned between the finance element which is charged in the profit and loss account as finance charges, and the capital element which reduces the outstanding obligations included in the balance sheet under creditors.

Pension costs and other post-retirement benefits

The LLP operates a workplace pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Reporting period

Accounts for the comparative period were prepared for 11 months to 31 March 2024 as the reporting period was shortened to align with the tax year end. The current accounts are prepared for the 12 months ended 31 March 2025 and are therefore not entirely comparable.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

290,000

320,118

610,118

Disposals

-

(850

)

(850

)

At 31 March 2025

290,000

319,268

609,268

DEPRECIATION

At 1 April 2024

-

275,829

275,829

Charge for year

-

11,062

11,062

Eliminated on disposal

-

(801

)

(801

)

At 31 March 2025

-

286,090

286,090

NET BOOK VALUE

At 31 March 2025

290,000

33,178

323,178

At 31 March 2024

290,000

44,289

334,289

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

99,890

113,457

VAT

9,970

4,023

Prepayments

13,836

13,036

123,696

130,516

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

36,458

26,459

Taxation and social security

156

993

Other creditors

32,396

20,802

69,010

48,254

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

201,386

212,855

Falling due within one year

201,386

212,855

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