The Hookway Partnership LLP - Accounts to registrar (filleted) - small 18.2

The Hookway Partnership LLP - Accounts to registrar (filleted) - small 18.2

THE HOOKWAY PARTNERSHIP LLP - Company Information

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REGISTERED NUMBER: OC301631 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

THE HOOKWAY PARTNERSHIP LLP
THE HOOKWAY PARTNERSHIP LLP (REGISTERED NUMBER: OC301631)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE HOOKWAY PARTNERSHIP LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DESIGNATED MEMBERS: J P Corrigan
M McGowan
G L Smith





REGISTERED OFFICE: The Dunstan Centre
Pennywell Road
Bristol
BS5 0TJ





REGISTERED NUMBER: OC301631 (England and Wales)





ACCOUNTANTS: Copia Wealth & Tax Limited
Chartered Accountants
8 Pendeford Place
Pendeford Business Park
Wobaston Road
Wolverhampton
WV9 5HD
Page 1
THE HOOKWAY PARTNERSHIP LLP (REGISTERED NUMBER: OC301631)

BALANCE SHEET
31 MARCH 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,148 14,497

CURRENT ASSETS
Debtors 5 148,370 116,915
Cash at bank and in hand 149,898 136,225
298,268 253,140
CREDITORS
Amounts falling due within one year 6 71,464 101,127
NET CURRENT ASSETS 226,804 152,013
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
242,952
166,510

LOANS AND OTHER DEBTS DUE TO
MEMBERS
7
212,952
136,510

MEMBERS' OTHER INTERESTS
Capital accounts 30,000 30,000
242,952 166,510

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 212,952 136,510
Members' other interests 30,000 30,000
242,952 166,510

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 2019.

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 notes form part of these financial statements

Page 2 continued...
THE HOOKWAY PARTNERSHIP LLP (REGISTERED NUMBER: OC301631)

BALANCE SHEET - continued
31 MARCH 2019


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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP on 31 October 2019 and were signed by:





M McGowan - Designated member

The notes form part of these financial statements

Page 3
THE HOOKWAY PARTNERSHIP LLP (REGISTERED NUMBER: OC301631)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019

1. STATUTORY INFORMATION

The Hookway Partnership 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

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 11 (2018 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2018 37,308 84,815 122,123
Additions 1,038 7,995 9,033
At 31 March 2019 38,346 92,810 131,156
DEPRECIATION
At 1 April 2018 33,528 74,098 107,626
Charge for year 1,208 6,174 7,382
At 31 March 2019 34,736 80,272 115,008
NET BOOK VALUE
At 31 March 2019 3,610 12,538 16,148
At 31 March 2018 3,780 10,717 14,497

Page 4 continued...
THE HOOKWAY PARTNERSHIP LLP (REGISTERED NUMBER: OC301631)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 82,617 30,267
Amounts recoverable on contracts 49,297 70,190
Other debtors 209 209
Sundry debtors and prepayments 16,247 16,249
148,370 116,915

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
VAT 38,267 30,903
Former member - T Gwinnell - 30,396
Sundry creditors and accruals 33,197 39,828
71,464 101,127

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

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

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other
interests'.

Page 5