Hill Cannon Consulting LLP - Accounts to registrar (filleted) - small 18.2

Hill Cannon Consulting LLP - Accounts to registrar (filleted) - small 18.2

HILL CANNON CONSULTING LLP - Company Information

Print Friendly Version

IRIS Accounts Production v20.1.5.71 OC316146 designated member designated member 1.4.19 31.3.20 31.3.20 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC3161462019-03-31OC3161462020-03-31OC3161462019-04-012020-03-31OC3161462018-08-31OC3161462018-09-012019-03-31OC3161462019-03-31OC316146ns16:EnglandWales2019-04-012020-03-31OC316146ns15:PoundSterling2019-04-012020-03-31OC316146ns11:Director12019-04-012020-03-31OC316146ns11:Director22019-04-012020-03-31OC316146ns11:LimitedLiabilityPartnershipLLP2019-04-012020-03-31OC316146ns11:SmallEntities2019-04-012020-03-31OC316146ns11:AuditExempt-NoAccountantsReport2019-04-012020-03-31OC316146ns11:SmallCompaniesRegimeForAccounts2019-04-012020-03-31OC316146ns11:LimitedLiabilityPartnershipsSORP2019-04-012020-03-31OC316146ns11:FullAccounts2019-04-012020-03-31OC31614612019-04-012020-03-31OC316146ns11:RegisteredOffice2019-04-012020-03-31OC316146ns6:CurrentFinancialInstruments2020-03-31OC316146ns6:CurrentFinancialInstruments2019-03-31OC316146ns6:IntangibleAssetsOtherThanGoodwill2019-04-012020-03-31OC316146ns6:NetGoodwill2019-03-31OC316146ns6:NetGoodwill2019-04-012020-03-31OC316146ns6:NetGoodwill2020-03-31OC316146ns6:NetGoodwill2019-03-31OC316146ns6:PlantMachinery2019-03-31OC316146ns6:PlantMachinery2019-04-012020-03-31OC316146ns6:PlantMachinery2020-03-31OC316146ns6:PlantMachinery2019-03-31OC316146ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-03-31OC316146ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-03-31


REGISTERED NUMBER: OC316146 (England and Wales)















HILL CANNON CONSULTING LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020






HILL CANNON CONSULTING LLP (REGISTERED NUMBER: OC316146)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HILL CANNON CONSULTING LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2020







DESIGNATED MEMBERS: G L Rhodes
S R Vollar



REGISTERED OFFICE: Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT



REGISTERED NUMBER: OC316146 (England and Wales)



ACCOUNTANTS: DSC
Chartered Accountants
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT



BANKERS: Barclays Bank Plc
25 James Street
Harrogate
North Yorkshire
HG1 1QX
Page 1
HILL CANNON CONSULTING LLP (REGISTERED NUMBER: OC316146)

BALANCE SHEET
31 MARCH 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 640
- 640

CURRENT ASSETS
Stocks - 76,000
Debtors 6 136,433 194,114
Prepayments and accrued income - 3,349
Cash at bank and in hand 55,937 189,777
192,370 463,240
CREDITORS
Amounts falling due within one year 7 29,390 149,588
NET CURRENT ASSETS 162,980 313,652
TOTAL ASSETS LESS CURRENT
LIABILITIES
162,980
314,292

ACCRUALS AND DEFERRED INCOME 4,707 4,850
NET ASSETS ATTRIBUTABLE TO
MEMBERS
158,273
309,442

LOANS AND OTHER DEBTS DUE TO
MEMBERS
8
158,273
309,442

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 158,273 309,442

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 2020.

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
HILL CANNON CONSULTING LLP (REGISTERED NUMBER: OC316146)

BALANCE SHEET - continued
31 MARCH 2020


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 and authorised for issue on 30 June 2020 and were
signed by:




S R Vollar - Designated member




G L Rhodes - Designated member


The notes form part of these financial statements

Page 3
HILL CANNON CONSULTING LLP (REGISTERED NUMBER: OC316146)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

1. STATUTORY INFORMATION

Hill Cannon Consulting LLP is registered in England and Wales. The LLP's registered number and registered
office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the net invoiced value of services provided, adjusted for opening and closing amounts
receivable under contracts and work in progress.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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

Computer Equipment 25% on Cost
Fixtures and Fittings 20% on Cost
Motor Vehicles 25% on Cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

Contacts for services
Revenue arising from contracts for services is recognised as the contract progresses. The anticipated invoice
value of partially completed contracts at the year end is included in turnover and the amounts receivable on
contracts is in other debtors.

Page 4
HILL CANNON CONSULTING LLP (REGISTERED NUMBER: OC316146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020

3. EMPLOYEE INFORMATION

The average number of employees during the year was 6 (2019 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2019 46,000
Disposals (46,000 )
At 31 March 2020 -
AMORTISATION
At 1 April 2019 46,000
Eliminated on disposal (46,000 )
At 31 March 2020 -
NET BOOK VALUE
At 31 March 2020 -
At 31 March 2019 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2019
and 31 March 2020 11,657
DEPRECIATION
At 1 April 2019 11,017
Charge for year 640
At 31 March 2020 11,657
NET BOOK VALUE
At 31 March 2020 -
At 31 March 2019 640

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 133,052 191,074
Other debtors 3,381 3,040
136,433 194,114

Page 5
HILL CANNON CONSULTING LLP (REGISTERED NUMBER: OC316146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts - 75,000
Trade creditors 3,614 3,221
Taxation and social security 25,776 71,367
29,390 149,588

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the case of an insolvent winding up the members will rank ‘pari passu’ with other unsecured creditors of the
LLP.

Page 6