Hudnall Capital LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC385109 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Hudnall Capital LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DESIGNATED MEMBERS:

A B Cade

H J G Field

H Cade

REGISTERED OFFICE:

Adam House

7-10 Adam Street

London

WC2N 6AA

REGISTERED NUMBER:

OC385109 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

4 Claridge Court

Lower Kings Road

Berkhamsted

Hertfordshire

HP4 2AF

FIXED ASSETS

Tangible assets

4

10,309

9,425

Investments

5

122,000

-

132,309

9,425

CURRENT ASSETS

Debtors

6

18,343

18,285

Cash at bank

178,762

179,144

197,105

197,429

CREDITORS

Amounts falling due within one year

7

1,488

1,418

NET CURRENT ASSETS

195,617

196,011

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

327,926

205,436

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

327,926

205,436

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

327,926

205,436

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 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 17 July 2020 and were signed by:

A B Cade - Designated member

1.	STATUTORY INFORMATION

Hudnall Capital 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 represents commissions received for services provided in the normal course of business.

Revenue is recognised in line with accrual accounting based on fees received for services provided

during the financial period.

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 etc

-

25% on reducing balance and 25% on cost

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.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

28,493

Additions

4,320

At 31 March 2020

32,813

DEPRECIATION

At 1 April 2019

19,068

Charge for year

3,436

At 31 March 2020

22,504

NET BOOK VALUE

At 31 March 2020

10,309

At 31 March 2019

9,425

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

150,000

At 31 March 2020

150,000

PROVISIONS

Impairments

28,000

At 31 March 2020

28,000

NET BOOK VALUE

At 31 March 2020

122,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

17,700

17,700

Other debtors

643

585

18,343

18,285

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Other creditors

1,488

1,418

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

At the balance sheet date the members were owed £327,926 (2019:£205,436).

The following reproduces the text of the report prepared for the members in respect of the LLP's annual

unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs 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 Hudnall Capital LLP for the year ended

31 March 2020 which comprise the Income Statement, Balance Sheet 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Hudnall Capital LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hudnall Capital LLP and state those matters that we have agreed to state to the members of Hudnall Capital LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hudnall Capital LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Hudnall Capital LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hudnall Capital LLP. You consider that Hudnall Capital LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hudnall Capital LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts

Chartered Accountants

4 Claridge Court

Lower Kings Road

Berkhamsted

Hertfordshire

HP4 2AF

Date: .............................................