REGISTERED NUMBER: OC383756 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Hutchinson & Buchanan LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

A M Hutchinson

R J Storey

REGISTERED OFFICE:

77 North Street

Ripon

North Yorkshire

HG4 1DS

REGISTERED NUMBER:

OC383756 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Oak Tree House, Harwood Road

Northminster Business Park

Upper Poppleton

York

YO26 6QU

FIXED ASSETS

Tangible assets

4

6,285

18,609

CURRENT ASSETS

Debtors

5

301,027

328,840

Cash at bank and in hand

107,546

103,240

408,573

432,080

CREDITORS

Amounts falling due within one year

6

(148,013

)

(148,831

)

NET CURRENT ASSETS

260,560

283,249

TOTAL ASSETS LESS CURRENT LIABILITIES

266,845

301,858

CREDITORS

Amounts falling due after more than one year

7

-

(11,845

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

266,845

290,013

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

266,845

290,013

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

266,845

290,013

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 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 30 September 2026 and were signed by:

A M Hutchinson - Designated member

1.	STATUTORY INFORMATION

Hutchinson & Buchanan 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover

Turnover represents revenue earned under contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses but excluding value added tax.

Income recognition

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included as accrued income in debtors with any payments on account in excess of the relevant amount of revenue being included in accruals and deferred income in creditors.

Fee income that is contingent on events outside the control of the company is recognised when the contingent event occurs.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 8 (2025 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2025

72,552

Additions

7,020

Disposals

(1,604

)

At 31 March 2026

77,968

DEPRECIATION

At 1 April 2025

53,943

Charge for year

18,875

Eliminated on disposal

(1,135

)

At 31 March 2026

71,683

NET BOOK VALUE

At 31 March 2026

6,285

At 31 March 2025

18,609

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

52,695

55,604

Amounts recoverable on

contracts

205,672

226,887

Other debtors

789

3,600

Prepayments

41,871

42,749

301,027

328,840

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

23,939

20,997

Social security and other taxes

21,308

22,215

Other creditors

13,756

12,072

Loans - within 1 year

18,270

36,080

Accrued expenses

70,740

57,467

148,013

148,831

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

-

11,845

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

2,264

1,686

Between one and five years

6,229

-

8,493

1,686

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Other loans

18,270

36,080

The loans are secured on the assets to which they relate.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2026

2025

£

£

Amounts owed to members in respect of profits

266,845

290,013

Falling due within one year

266,845

290,013

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