REGISTERED NUMBER: OC428459 (England and Wales)

Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

by Hi LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Statement of Financial Position

4

Reconciliation of Members' Interests

5

Notes to the Financial Statements

7

DESIGNATED MEMBERS:

Mr S T Huggan

Ms P D Ivanova

REGISTERED OFFICE:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

GL3 3RS

REGISTERED NUMBER:

OC428459 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

The members present their report with the financial statements of the LLP for the year ended 31 March 2026.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of architectural and design services.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mr S T Huggan

Ms P D Ivanova

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £58,527 (2025 - £10,053 profit).

MEMBERS' INTERESTS

STATEMENT OF MEMBERS' RESPONSIBILITIES

The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE MEMBERS:

Mr S T Huggan - Designated member

5 July 2026

TURNOVER

66,476

15,894

Cost of sales

458

106

GROSS PROFIT

66,018

15,788

Administrative expenses

7,491

5,735

OPERATING PROFIT and

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

58,527

10,053

CURRENT ASSETS

Debtors

5

25,096

24,101

Cash at bank

457

251

25,553

24,352

CREDITORS

Amounts falling due within one year

6

600

624

NET CURRENT ASSETS

24,953

23,728

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

24,953

23,728

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

24,953

23,728

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

24,953

23,728

Amounts due from members

5

(23,986

)

(23,407

)

967

321

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 2026.

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 5 July 2026 and were signed by:

Mr S T Huggan - Designated member

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

Other

reserves

amounts

Total

£

£

£

Amount due to members

23,728

Amount due from members

(23,407

)

Balance at 1 April 2025

-

321

321

Profit for the financial year available for discretionary division among members

58,527

-

58,527

Members' interests after profit for the year

58,527

321

58,848

Other divisions of profit

(58,527

)

58,527

-

Introduced by members

-

6,465

6,465

Drawings on account and distributions of profit

-

(64,346

)

(64,346

)

Amount due to members

24,953

Amount due from members

(23,986

)

Balance at 31 March 2026

-

967

967

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

Other

reserves

amounts

Total

£

£

£

Amount due to members

22,523

Amount due from members

(21,578

)

Balance at 1 April 2024

-

945

945

Profit for the financial year available for discretionary division among members

10,053

-

10,053

Members' interests after profit for the year

10,053

945

10,998

Other divisions of profit

(10,053

)

10,053

-

Introduced by members

-

4,823

4,823

Drawings on account and distributions of profit

-

(15,500

)

(15,500

)

Amount due to members

23,728

Amount due from members

(23,407

)

Balance at 31 March 2025

-

321

321

1.	STATUTORY INFORMATION

by Hi 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

25% on cost

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

Cost

At 1 April 2025

and 31 March 2026

1,784

Depreciation

At 1 April 2025

and 31 March 2026

1,784

Net book value

At 31 March 2026

-

At 31 March 2025

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Other debtors

25,096

24,101

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Other creditors

600

624

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31/3/26

31/3/25

£

£

Amounts owed to members in respect of profits

24,953

23,728

Falling due within one year

24,953

23,728

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