Thatcher Hobbs Langridge LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC384979 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2021

for

Thatcher Hobbs Langridge LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

P J H B Thatcher

H S Sengebusch

REGISTERED OFFICE:

303 Goring Road

Goring-by-Sea

Worthing

West Sussex

BN12 4NX

REGISTERED NUMBER:

OC384979 (England and Wales)

FIXED ASSETS

Tangible assets

4

55,205

95,108

CURRENT ASSETS

Debtors

5

219,742

141,017

Cash at bank and in hand

128,523

55,448

348,265

196,465

CREDITORS

Amounts falling due within one year

6

130,707

125,704

NET CURRENT ASSETS

217,558

70,761

TOTAL ASSETS LESS CURRENT LIABILITIES

272,763

165,869

CREDITORS

Amounts falling due after more than one year

7

160,000

23,115

NET ASSETS ATTRIBUTABLE TO MEMBERS

112,763

142,754

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

112,763

142,754

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

112,763

142,754

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 May 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 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 28 February 2022 and were signed by:

P J H B Thatcher - Designated member

1.	STATUTORY INFORMATION

Thatcher Hobbs Langridge 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.

Plant and machinery etc

-

33% on cost, 25% on cost and 10% 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.

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 14 (2020 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2020

229,422

Additions

5,143

Disposals

(31,584

)

At 31 May 2021

202,981

DEPRECIATION

At 1 June 2020

134,314

Charge for year

29,254

Eliminated on disposal

(15,792

)

At 31 May 2021

147,776

NET BOOK VALUE

At 31 May 2021

55,205

At 31 May 2020

95,108

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

160,385

95,201

Amounts owed by group undertakings

15,800

2,386

Other debtors

43,557

43,430

219,742

141,017

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

32,190

16,649

Taxation and social security

50,477

64,439

Other creditors

48,040

44,616

130,707

125,704

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

160,000

-

Hire purchase contracts

-

23,115

160,000

23,115

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2021

2020

£

£

Amounts owed to members in respect of profits

112,763

142,754

Falling due within one year

112,763

142,754

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

9.	CORONAVIRUS (COVID 19)

During the year, the company had been impacted by the Coronavirus outbreak within the UK. As a

result the company received £14,711 from the Coronavirus Job Retention Scheme.