Marshall Hatchick LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC417664

Marshall Hatchick LLP

Unaudited financial statements

31 March 2026

Marshall Hatchick LLP

Statement of financial position

31 March 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Intangible assets	5	–	992
Tangible assets	6	30,357	34,621
		-------	-------
		30,357	35,613

Current assets

Stocks		475,000	475,000
Debtors	7	347,032	241,368
Cash at bank and in hand		181,849	232,486
		-----------	---------
		1,003,881	948,854

Creditors: Amounts falling due within one year	8	( 276,204)		( 345,156)
		-----------		---------
Net current assets			727,677		603,698
			---------		---------
Total assets less current liabilities			758,034		639,311

Creditors: Amounts falling due after more than one year	9	( 14,395)	( 26,833)
		---------	---------
Net assets		743,639	612,478
		---------	---------

Represented by:

Loans and other debts due to members

Members' capital classified as a liability	10	274,000	224,000
Other amounts	10	469,639	388,478
		---------	---------
		743,639	612,478
		---------	---------

Members' other interests

Other reserves	–	–
	---------	---------
	743,639	612,478
	---------	---------

Total members' interests

Loans and other debts due to members	10	743,639	612,478
Members' other interests		–	–
		---------	---------
		743,639	612,478
		---------	---------

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 income statement has not been delivered.

Marshall Hatchick LLP

Statement of financial position (continued)

31 March 2026

For the year ending 31 March 2026 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) relating to small LLPs.

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 financial statements .

These financial statements were approved by the members and authorised for issue on 15 October 2026 , and are signed on their behalf by:

Mr J Robbins

Designated Member

Registered number: OC417664

Marshall Hatchick LLP

Notes to the financial statements

Year ended 31 March 2026

1.	General information

The LLP is registered in England and Wales. The address of the registered office is 22 Church Street, Woodbridge, IP12 1DH, United Kingdom.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for 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 income statement 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 income statement 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 income statement 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'.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of fours years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	25% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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:

Plant and machinery	-	25% on reducing balance and straight line over life of lease
Fixtures and fittings	-	25% on reducing balance
Equipment	-	25% on reducing balance
Improvements to leasehold property	-	10% on reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Work in progress

Work in progress represents the value of time spent but not invoiced at the balance sheet date.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4.	Employee numbers

The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 28 (2025: 31 ).

5.	Intangible assets

	Goodwill
	£
Cost
At 1 April 2025 and 31 March 2026	15,300
	-------
Amortisation
At 1 April 2025	14,308
Charge for the year	992
	-------
At 31 March 2026	15,300
	-------
Carrying amount
At 31 March 2026	–
	-------
At 31 March 2025	992
	-------

6.	Tangible assets

	Plant and machinery	Fixtures and fittings	Computer equipment	Improvements to property	Total
	£	£	£	£	£
Cost
At 1 April 2025	4,161	10,893	39,314	14,269	68,637
Additions	432	904	2,612	–	3,948
	------	-------	-------	-------	-------
At 31 March 2026	4,593	11,797	41,926	14,269	72,585
	------	-------	-------	-------	-------
Depreciation
At 1 April 2025	1,549	6,338	21,396	4,733	34,016
Charge for the year	761	1,364	5,133	954	8,212
	------	-------	-------	-------	-------
At 31 March 2026	2,310	7,702	26,529	5,687	42,228
	------	-------	-------	-------	-------
Carrying amount
At 31 March 2026	2,283	4,095	15,397	8,582	30,357
	------	-------	-------	-------	-------
At 31 March 2025	2,612	4,555	17,918	9,536	34,621
	------	-------	-------	-------	-------

7.	Debtors

	2026	2025
	£	£
Trade debtors	180,462	183,685
Other debtors	166,570	57,683
	---------	---------
	347,032	241,368
	---------	---------

8. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	149,638	245,455
Trade creditors	3,832	1,511
Social security and other taxes	98,148	74,159
Other creditors	24,586	24,031
	---------	---------
	276,204	345,156
	---------	---------

9. Creditors: Amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	14,395	26,833
	-------	-------

10.	Loans and other debts due to members

	2026	2025
	£	£
Amounts owed to members in respect of profits	469,639	388,478
Other amounts	274,000	224,000
	---------	---------
	743,639	612,478
	---------	---------

Loans and other debts due to members rank below other unsecured creditors.

11.	Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	47,563	49,712
Later than 1 year and not later than 5 years	35,811	82,960
	-------	---------
	83,374	132,672
	-------	---------