Hobbs Parker 1850 LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC313421

Hobbs Parker 1850 LLP

Filleted Financial Statements

31 March 2025

Hobbs Parker 1850 LLP

Financial Statements

Period from 1 January 2024 to 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Hobbs Parker 1850 LLP

Statement of Financial Position

31 March 2025

	31 Mar 25		31 Dec 23
Note	£	£	£

Fixed assets

Tangible assets	5	13,249	13,147
Investments	6	10,205,525	8,945,522
		-------------	------------
		10,218,774	8,958,669

Current assets

Stocks		1,000	1,000
Debtors	7	510,944	13,087
Cash at bank and in hand		515,125	4,597,200
		------------	------------
		1,027,069	4,611,287

Creditors: amounts falling due within one year	8	3,447,455		5,837,080
		------------		------------
Net current liabilities			2,420,386	1,225,793
			-------------	------------
Total assets less current liabilities			7,798,388	7,732,876
			------------	------------

Represented by:

Loans and other debts due to members

Members' capital classified as a liability	9	7	6
Other amounts	9	6,186,685	6,121,174
		------------	------------
		6,186,692	6,121,180

Members' other interests

Members' capital classified as equity	1,611,696	1,611,696
Other reserves	–	–
	------------	------------
	7,798,388	7,732,876
	------------	------------

Total members' interests

Amounts due from members		(500,000)	–
Loans and other debts due to members	9	6,186,692	6,121,180
Members' other interests		1,611,696	1,611,696
		------------	------------
		7,298,388	7,732,876
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) regulations 2008) with respect to accounting records and the preparation of financial statements.

Hobbs Parker 1850 LLP

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the members and authorised for issue on 22 December 2025 , and are signed on their behalf by:

J B Rimmer	A J Davies
Designated Member	Designated Member

Registered number: OC313421

Hobbs Parker 1850 LLP

Notes to the Financial Statements

Period from 1 January 2024 to 31 March 2025

1.	General information

The LLP is registered in England and Wales. The address of the registered office is Romney House, Monument Way, Orbital Park, Ashford, Kent, TN24 0HB.

2.	Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3.	Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The entity’s reporting period has changed from 31 December to 31 March, and as a result, these financial statements cover a period that is longer than one year. This change was made to align the accounting year end with the tax year in response to the basis period reform. Consequently, the comparative amounts presented in these financial statements, including the related notes, are not entirely comparable with the current 15-month period. Going concern The members have considered the potential business impact of the events in Ukraine with particular reference to how these may disrupt their business model, strategy and operations. The members are satisfied that these reviews showed no material risks to the business and conclude that the financial statements should continue to be prepared on a going concern basis. The members are satisfied that there are no further material risks to the business and conclude the financial statements should continue to be prepared on a going concern basis. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Members' participation rights Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits). Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP. 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. Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position. Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, 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 statement of comprehensive income and are equity appropriations in the statement of financial position. Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment. All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	15% reducing balance

Investments Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Investments in associates Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition. Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4.	Employee numbers

The average number of persons employed by the entity during the period amounted to 14 (2023: 12).

5.	Tangible assets

	Fixtures and fittings
	£
Cost
At 1 January 2024	45,721
Additions	2,675
	--------
At 31 March 2025	48,396
	--------
Depreciation
At 1 January 2024	32,574
Charge for the period	2,573
	--------
At 31 March 2025	35,147
	--------
Carrying amount
At 31 March 2025	13,249
	--------
At 31 December 2023	13,147
	--------

6.	Investments

	Shares in group undertakings	Other investments other than loans	Total
	£	£	£
Cost
At 1 January 2024	8,944,897	625	8,945,522
Additions	1,263,003	–	1,263,003
Disposals	( 3,000)	–	( 3,000)
	-------------	----	-------------
At 31 March 2025	10,204,900	625	10,205,525
	-------------	----	-------------
Impairment
At 1 January 2024 and 31 March 2025	–	–	–
	-------------	----	-------------

Carrying amount
At 31 March 2025	10,204,900	625	10,205,525
	-------------	----	-------------
At 31 December 2023	8,944,897	625	8,945,522
	-------------	----	-------------

7.	Debtors

	31 Mar 25	31 Dec 23
	£	£
Trade debtors	3,449	9,163
Other debtors	507,495	3,924
	---------	--------
	510,944	13,087
	---------	--------

8. Creditors: amounts falling due within one year

	31 Mar 25	31 Dec 23
	£	£
Trade creditors	16,161	6,158
Amounts owed to group undertakings and undertakings in which the LLP has a participating interest	3,334,332	5,746,602
Social security and other taxes	10,752	12,565
Other creditors	86,210	71,755
	------------	------------
	3,447,455	5,837,080
	------------	------------

9.	Loans and other debts due to members

	31 Mar 25	31 Dec 23
	£	£
Amounts owed to members in respect of profits	6,186,685	6,121,174
Other amounts	7	6
	------------	------------
	6,186,692	6,121,180
	------------	------------

Amounts included in Loans and other debts due to members would rank pari passu with other unsecured creditors of the LLP 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.	Summary audit opinion

The auditor's report dated 23 December 2025 was unqualified .

The senior statutory auditor was Colin Reid , for and on behalf of Burgess Hodgson Audit Limited .

11.	Related party transactions

At the period end the LLP owed £7,768,200 (2023: £10,220,988) to group undertakings. At the period end the LLP was owed £4,431,046 (2023: £4,473,179) by group undertakings.

12.	Controlling party

The LLP is a subsidiary of Hobbs Parker Ventures Limited, which is the ultimate parent company incorporated in the United Kingdom. The smallest group in which the results of the LLP are consolidated is that headed by Hobbs Parker Ventures Limited. The registered office of Hobbs Parker Ventures Limited is Romney House, The New Ashford Market, Monument Way, Ashford, Kent, TN24 0HB.