Hang My Art LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC402727

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		39,786		10,580
Tangible Assets	5		1,619		3,545

			41,405		14,125
CURRENT ASSETS
Stocks	6	375		375
Debtors	7	10,365		9,902
Cash at bank and in hand		6,462		31,757

		17,202		42,034
Creditors: Amounts Falling Due Within One Year	8	(61,344 )		(38,310 )

NET CURRENT ASSETS (LIABILITIES)			(44,142 )		3,724

TOTAL ASSETS LESS CURRENT LIABILITIES			(2,737 )		17,849

Creditors: Amounts Falling Due After More Than One Year	9		-		(1,739 )

NET (LIABILITIES)/ASSETS ATTRIBUTABLE TO MEMBERS			(2,737 )		16,110

REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability		(86,157)		(86,157)
Other amounts		83,420		102,267

			(2,737)		16,110

			(2,737)		16,110

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			(2,737)		16,110

			(2,737)		16,110

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Hang My Art LLP

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Ms Julia Roebuck

Designated Member

25/08/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Hang My Art LLP is a limited liability partnership, incorporated in England & Wales, registered number OC402727 . The Registered Office is 20 Meltham Mills Road, Meltham, Holmfirth, HD9 4EJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in May 2024 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are IT application. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.4. Intangible Fixed Assets and Amortisation - Intellectual Property

Intellectual property assets are IT application. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% on cost
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

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Hang My Art LLP

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 3 (2024: 3)

4. Intangible Assets

	Intellectual Property
	£
Cost
As at 1 December 2024	12,575
Additions	29,206

As at 30 November 2025	41,781

Amortisation
As at 1 December 2024	1,995

As at 30 November 2025	1,995

Net Book Value
As at 30 November 2025	39,786

As at 1 December 2024	10,580

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 December 2024	718	6,655	3,209	1,999	12,581

As at 30 November 2025	718	6,655	3,209	1,999	12,581

Depreciation
As at 1 December 2024	516	4,159	2,924	1,437	9,036
Provided during the period	-	1,664	121	141	1,926

As at 30 November 2025	516	5,823	3,045	1,578	10,962

Net Book Value
As at 30 November 2025	202	832	164	421	1,619

As at 1 December 2024	202	2,496	285	562	3,545

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Hang My Art LLP

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

6. Stocks

	2025	2024
	£	£
Finished goods	375	375

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	6,230	5,767
Other debtors	4,135	4,135

	10,365	9,902

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	1,438	1,417
Other taxes and social security	523	369
VAT	9,132	4,192
Other creditors	50,251	32,332

	61,344	38,310

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	1,739

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