false
false
false
false
false
false
false
false
false
false
false
false
false
false
true
false
No description of principal activity
2019-04-01
Sage Accounts Production Advanced 2019 - FRS102_2019
4,605
3,875
261
4,136
469
730
xbrli:pure
xbrli:shares
iso4217:GBP
OC392376
2019-04-01
2020-03-31
OC392376
2020-03-31
OC392376
2019-03-31
OC392376
2018-04-01
2019-03-31
OC392376
2019-03-31
OC392376
core:PlantMachinery
2019-04-01
2020-03-31
OC392376
bus:RegisteredOffice
2019-04-01
2020-03-31
OC392376
bus:LeadAgentIfApplicable
2019-04-01
2020-03-31
OC392376
bus:Director1
2019-04-01
2020-03-31
OC392376
bus:Director2
2019-04-01
2020-03-31
OC392376
core:PlantMachinery
2019-03-31
OC392376
core:PlantMachinery
2020-03-31
OC392376
core:WithinOneYear
2020-03-31
OC392376
core:WithinOneYear
2019-03-31
OC392376
core:AfterOneYear
2020-03-31
OC392376
core:AfterOneYear
2019-03-31
OC392376
core:PlantMachinery
2019-03-31
OC392376
bus:SmallEntities
2019-04-01
2020-03-31
OC392376
bus:AuditExemptWithAccountantsReport
2019-04-01
2020-03-31
OC392376
bus:FullAccounts
2019-04-01
2020-03-31
OC392376
bus:SmallCompaniesRegimeForAccounts
2019-04-01
2020-03-31
OC392376
bus:LimitedLiabilityPartnershipLLP
2019-04-01
2020-03-31
REGISTERED NUMBER:
OC392376
Filleted Unaudited Financial Statements
|
|
Year ended 31 March 2020
Designated members and professional advisers
|
1
|
|
|
Chartered accountant's report to the members on the preparation of the unaudited statutory financial statements
|
2
|
|
|
Statement of financial position
|
3
|
|
|
Notes to the financial statements
|
5
|
|
|
Designated Members and Professional Advisers
|
|
Designated members
|
Mrs C Gilmore
|
|
R J Gilmore
|
|
|
Registered office
|
16 The Market Place
|
|
Devizes
|
|
Wiltshire
|
|
SN10 1HT
|
|
|
Accountants
|
Charlton Baker Limited
|
|
Chartered accountants
|
|
7-7c Snuff Street
|
|
Devizes
|
|
Wiltshire
|
|
England
|
|
SN10 1DU
|
|
|
Chartered Accountant's Report to the Members on the Preparation of the Unaudited Statutory Financial Statements of
Hen House HQ LLP
|
|
Year ended 31 March 2020
In order to assist you to fulfil your duties under the Companies Act 2006 as applied to limited liability partnerships by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Hen House HQ LLP for the year ended 31 March 2020, which comprise the statement of financial position and the related notes from the LLP's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation.
Charlton Baker Limited
Chartered accountants
7-7c Snuff Street
Devizes
Wiltshire
England
SN10 1DU
12 December 2020
Statement of Financial Position
|
|
31 March 2020
Fixed assets
Tangible assets
|
5
|
469
|
730
|
|
|
|
|
Current assets
Stocks
|
17,147
|
22,375
|
Debtors
|
6
|
218,646
|
206,082
|
Cash at bank and in hand
|
806
|
11,687
|
|
---------
|
---------
|
|
236,599
|
240,144
|
|
|
|
|
Creditors: amounts falling due within one year
|
7
|
77,761
|
80,867
|
|
---------
|
---------
|
Net current assets
|
158,838
|
159,277
|
|
---------
|
---------
|
Total assets less current liabilities
|
159,307
|
160,007
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
8
|
11,300
|
12,000
|
|
---------
|
---------
|
Net assets
|
148,007
|
148,007
|
|
---------
|
---------
|
|
|
|
|
Represented by:
Loans and other debts due to members
Members' other interests
Members' capital classified as equity
|
148,007
|
148,007
|
Other reserves
|
–
|
–
|
|
---------
|
---------
|
|
148,007
|
148,007
|
|
---------
|
---------
|
|
|
|
Total members' interests
Amounts due from members
|
(192,718)
|
(181,250)
|
Loans and other debts due to members
|
–
|
–
|
Members' other interests
|
148,007
|
148,007
|
|
---------
|
---------
|
|
(44,711)
|
(33,243)
|
|
---------
|
---------
|
|
|
|
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.
For the year ending 31 March 2020 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
.
Statement of Financial Position (continued)
|
|
31 March 2020
These financial statements were approved by the
members
and authorised for issue on
12 December 2020
, and are signed on their behalf by:
Mrs C Gilmore
|
R J Gilmore
|
Designated Member
|
Designated Member
|
|
|
Registered number:
OC392376
Notes to the Financial Statements
|
|
Year ended 31 March 2020
The LLP is registered in England and Wales. The address of the registered office is 16 The Market Place, Devizes, Wiltshire, SN10 1HT.
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 2018 (SORP 2018).
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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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
|
-
|
20% straight line
|
|
|
|
|
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the LLP are assigned to those units.
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
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to
4
(2019:
4
).
|
Plant and machinery
|
|
£
|
Cost
|
|
At 1 April 2019 and 31 March 2020
|
4,605
|
|
-------
|
Depreciation
|
|
At 1 April 2019
|
3,875
|
Charge for the year
|
261
|
|
-------
|
At 31 March 2020
|
4,136
|
|
-------
|
Carrying amount
|
|
At 31 March 2020
|
469
|
|
-------
|
At 31 March 2019
|
730
|
|
-------
|
|
|
|
2020
|
2019
|
|
£
|
£
|
Trade debtors
|
22,978
|
18,382
|
Other debtors
|
195,668
|
187,700
|
|
---------
|
---------
|
|
218,646
|
206,082
|
|
---------
|
---------
|
|
|
|
7.
Creditors:
amounts falling due within one year
|
2020
|
2019
|
|
£
|
£
|
Bank loans and overdrafts
|
23
|
10,878
|
Trade creditors
|
55,718
|
50,189
|
Social security and other taxes
|
17,274
|
16,517
|
Other creditors
|
4,746
|
3,283
|
|
--------
|
--------
|
|
77,761
|
80,867
|
|
--------
|
--------
|
|
|
|
8.
Creditors:
amounts falling due after more than one year
|
2020
|
2019
|
|
£
|
£
|
Bank loans and overdrafts
|
11,300
|
12,000
|
|
--------
|
--------
|
|
|
|
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
2020
|
2019
|
|
£
|
£
|
Not later than 1 year
|
30,431
|
30,759
|
|
--------
|
--------
|
|
|
|