Hardie Caldwell LLP - Accounts to registrar (filleted) - small 18.2

Hardie Caldwell LLP - Accounts to registrar (filleted) - small 18.2

HARDIE CALDWELL LLP - Company Information

Print Friendly Version

IRIS Accounts Production v21.3.0.583 SO301168 designated member designated member 1.4.20 31.3.21 31.3.21 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSO3011682020-03-31SO3011682021-03-31SO3011682020-04-012021-03-31SO3011682019-03-31SO3011682019-04-012020-03-31SO3011682020-03-31SO301168ns16:Scotland2020-04-012021-03-31SO301168ns15:PoundSterling2020-04-012021-03-31SO301168ns11:Director12020-04-012021-03-31SO301168ns11:Director22020-04-012021-03-31SO301168ns11:LimitedLiabilityPartnershipLLP2020-04-012021-03-31SO301168ns11:SmallEntities2020-04-012021-03-31SO301168ns11:AuditExempt-NoAccountantsReport2020-04-012021-03-31SO301168ns11:SmallCompaniesRegimeForAccounts2020-04-012021-03-31SO301168ns11:LimitedLiabilityPartnershipsSORP2020-04-012021-03-31SO301168ns11:FullAccounts2020-04-012021-03-31SO301168ns11:Director42020-04-012021-03-31SO301168ns11:RegisteredOffice2020-04-012021-03-31SO301168ns6:CurrentFinancialInstruments2021-03-31SO301168ns6:CurrentFinancialInstruments2020-03-31SO301168ns6:PlantMachinery2020-04-012021-03-31SO301168ns6:PlantMachinery2020-03-31SO301168ns6:PlantMachinery2021-03-31SO301168ns6:PlantMachinery2020-03-31SO301168ns6:LeasedAssetsHeldAsLessee2020-04-012021-03-31SO301168ns6:CostValuation2020-03-31SO301168ns6:CurrentFinancialInstrumentsns6:WithinOneYear2021-03-31SO301168ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-03-31SO301168ns6:Secured2021-03-31SO301168ns6:Secured2020-03-31


REGISTERED NUMBER: SO301168 (Scotland)













HARDIE CALDWELL LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021






HARDIE CALDWELL LLP (REGISTERED NUMBER: SO301168)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARDIE CALDWELL LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2021







DESIGNATED MEMBERS: Mrs P McGarry
A McCuaig
D L Emery
G A Allan
C S Masson
J S Pirrie





REGISTERED OFFICE: Citypoint 2
25 Tyndrum Street
Glasgow
G4 0JY





REGISTERED NUMBER: SO301168 (Scotland)





Page 1
HARDIE CALDWELL LLP (REGISTERED NUMBER: SO301168)

BALANCE SHEET
31 MARCH 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,970 42,183
Investments 5 1,233 1,233
21,203 43,416

CURRENT ASSETS
Debtors 6 1,272,380 1,119,501
Cash at bank and in hand 112,860 271,052
1,385,240 1,390,553
CREDITORS
Amounts falling due within one year 7 876,515 876,050
NET CURRENT ASSETS 508,725 514,503
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
529,928
557,919

LOANS AND OTHER DEBTS DUE TO
MEMBERS
9
529,928
557,919

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 529,928 557,919

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 2021.

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...
HARDIE CALDWELL LLP (REGISTERED NUMBER: SO301168)

BALANCE SHEET - continued
31 MARCH 2021


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 September 2021 and were signed by:




A McCuaig - Designated member




Mrs P McGarry - Designated member


The notes form part of these financial statements

Page 3
HARDIE CALDWELL LLP (REGISTERED NUMBER: SO301168)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021


1. STATUTORY INFORMATION

Hardie Caldwell LLP is a limited liability partnership registered in Scotland. The LLP's registered number is SO301168 and its registered office is Citypoint 2, 25 Tyndrum Street, Glasgow G4 0JY.

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.

Going concern

The members having considered the LLP's working capital requirements have a reasonable expectation that the LLP has adequate resources to continue for the foreseeable future and accordingly the members continue to believe the going concern basis of accounting appropriate in preparing the annual financial statements.

In their assessment of going concern the members have considered the current and developing impact on the business as a result of the COVID19 virus. This has not had a significant, immediate impact on the LLP's operations. The members continue to review the situation and any potential impact on the LLP's operations.

The LLP is in a strong financial position. In making this assessment the members have considered the continued trading activity of the business which is profitable and cash generative, the cash balances and net assets, the forecasts for the business and the ability of the members to manage their working capital requirements and meet their debts as they fall due. Having regard to the above, the members continue to believe it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable excluding value added tax. When the outcome of a transaction can be estimated reliably, turnover from accounting services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the progress of the services being provided.

Where the outcome cannot be measured reliably, unbilled work is recognised as turnover based on an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of engagement. Provision is made against unbilled amounts where the right to receive payment is contingent and dependent on factors outside the control of the LLP. Unbilled revenue is included within debtors as 'Amounts recoverable on contracts'.

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 - 33.33% on cost, 10% and 33% straight line, Straight line less residual value, Straight line over 10 and 15 years and Straight line over 5, 10 and 14 years

Page 4 continued...
HARDIE CALDWELL LLP (REGISTERED NUMBER: SO301168)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


2. ACCOUNTING POLICIES - continued

Financial instruments
Debtors
Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence that the asset is impaired.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash on hand and cash at bank with a short term of maturity, being twelve months or less, from the opening of the deposit or similar account.

Creditors
Trade creditors, other creditors and accruals are all recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

Loans and finance leases
These are initially measured at fair value and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2020 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2020 320,078
Disposals (19,536 )
At 31 March 2021 300,542
DEPRECIATION
At 1 April 2020 277,895
Charge for year 9,515
Eliminated on disposal (6,838 )
At 31 March 2021 280,572
NET BOOK VALUE
At 31 March 2021 19,970
At 31 March 2020 42,183

Assets under finance leases and hire purchase agreements have a net book value of £25,696 (2019 £43,367).

Page 5 continued...
HARDIE CALDWELL LLP (REGISTERED NUMBER: SO301168)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2020
and 31 March 2021 1,233
NET BOOK VALUE
At 31 March 2021 1,233
At 31 March 2020 1,233

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 659,901 515,304
Amounts recoverable on contract 370,841 365,098
Other debtors 241,638 239,099
1,272,380 1,119,501

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 183,856 197,425
Finance leases 4,391 15,148
Trade creditors 98,009 86,873
Taxation and social security 98,328 62,500
Other creditors 491,931 514,104
876,515 876,050

8. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank overdrafts 183,856 197,425

The debts are secured by a bond and floating charge over the whole assets of the LLP.

9. 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 winding up. There are no restrictions or limitations on the ability of members to reduce the amount of 'Members' other interests'.

Page 6 continued...
HARDIE CALDWELL LLP (REGISTERED NUMBER: SO301168)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


10. CONTINGENT LIABILITIES

The LLP offers a Premium Credit Facility to clients in respect of the payment of fees. The facility is repayable by the LLP if any client defaults on their repayments. At the year end the amount advanced to the LLP from Premium Credit was £34,077 (2020 £40,930).

11. OTHER FINANCIAL COMMITMENTS

At 31 March 2021 the LLP had total commitments under non-cancellable operating leases over the remaining life of those leases of £1,020,603 (2020 £1,154,603).

Page 7