Harris Partners & Associates LLP - Accounts to registrar (filleted) - small 22.3

Harris Partners & Associates LLP - Accounts to registrar (filleted) - small 22.3

HARRIS PARTNERS & ASSOCIATES LLP - Company Information

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IRIS Accounts Production v22.4.0.132 OC384638 designated member 1.4.21 31.3.22 31.3.22 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC3846382021-03-31OC3846382022-03-31OC3846382021-04-012022-03-31OC3846382020-03-31OC3846382020-04-012021-03-31OC3846382021-03-31OC384638ns16:EnglandWales2021-04-012022-03-31OC384638ns15:PoundSterling2021-04-012022-03-31OC384638ns11:Director12021-04-012022-03-31OC384638ns11:LimitedLiabilityPartnershipLLP2021-04-012022-03-31OC384638ns11:SmallEntities2021-04-012022-03-31OC384638ns11:AuditExempt-NoAccountantsReport2021-04-012022-03-31OC384638ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-31OC384638ns11:LimitedLiabilityPartnershipsSORP2021-04-012022-03-31OC384638ns11:FullAccounts2021-04-012022-03-31OC38463812021-04-012022-03-31OC384638ns11:Director22021-04-012022-03-31OC384638ns11:RegisteredOffice2021-04-012022-03-31OC384638ns6:CurrentFinancialInstruments2022-03-31OC384638ns6:CurrentFinancialInstruments2021-03-31OC38463812021-04-012022-03-31OC384638ns6:NetGoodwill2021-04-012022-03-31OC384638ns6:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-31OC384638ns6:PlantMachinery2021-04-012022-03-31OC384638ns6:NetGoodwill2021-03-31OC384638ns6:NetGoodwill2022-03-31OC384638ns6:NetGoodwill2021-03-31OC384638ns6:PlantMachinery2021-03-31OC384638ns6:PlantMachinery2022-03-31OC384638ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31OC384638ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-31OC384638ns6:WithinOneYear2022-03-31OC384638ns6:WithinOneYear2021-03-31OC384638ns6:BetweenOneFiveYears2022-03-31OC384638ns6:BetweenOneFiveYears2021-03-31OC384638ns6:AllPeriods2022-03-31OC384638ns6:AllPeriods2021-03-31
REGISTERED NUMBER: OC384638 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

HARRIS PARTNERS & ASSOCIATES LLP
HARRIS PARTNERS & ASSOCIATES LLP (REGISTERED NUMBER: OC384638)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HARRIS PARTNERS & ASSOCIATES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DESIGNATED MEMBERS: J A Harris
E S Harris





REGISTERED OFFICE: 567 Kings Road
Chelsea
London
SW6 2EB





REGISTERED NUMBER: OC384638 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU
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HARRIS PARTNERS & ASSOCIATES LLP (REGISTERED NUMBER: OC384638)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Stocks 3,613 3,613
Debtors 6 382,227 239,892
Cash at bank 244,861 171,190
630,701 414,695
CREDITORS
Amounts falling due within one year 7 372,702 247,946
NET CURRENT ASSETS 257,999 166,749
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
257,999
166,749

LOANS AND OTHER DEBTS DUE TO
MEMBERS
9
257,999
166,749

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 257,999 166,749

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 2022.

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 31 January 2023 and were signed by:





J A Harris - Designated member

The notes form part of these financial statements

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HARRIS PARTNERS & ASSOCIATES LLP (REGISTERED NUMBER: OC384638)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Harris Partners & Associates 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.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make significant judgements and estimates. Management consider that there are no accounting judgements and estimates which would significantly impact the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point when a sales invoice is issued and the customer has paid a deposit for the goods.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of three years.

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.
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Cash in hand is measured at transaction price.

Debtors: Trade and other debtors are measured at transaction price. Trade debtors are amounts due from
customers for goods or services performed in the ordinary course of business less any impairment provision.
These are recognised as current assets as collection is due within one year or less.

Creditors: Amounts falling due within one year are measured at transaction price. Trade Creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business. These are classified as current liabilities as payment is due in one year or less.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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HARRIS PARTNERS & ASSOCIATES LLP (REGISTERED NUMBER: OC384638)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


2. ACCOUNTING POLICIES - continued

Lease 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 2 (2021 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 14,860
AMORTISATION
At 1 April 2021
and 31 March 2022 14,860
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021
and 31 March 2022 15,000
DEPRECIATION
At 1 April 2021
and 31 March 2022 15,000
NET BOOK VALUE
At 31 March 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 299,064 153,168
Other debtors 83,163 86,724
382,227 239,892

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HARRIS PARTNERS & ASSOCIATES LLP (REGISTERED NUMBER: OC384638)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 220,981 124,227
Taxation and social security 130,910 96,548
Other creditors 20,811 27,171
372,702 247,946

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 76,000 76,000
Between one and five years 31,667 107,667
107,667 183,667

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2022 2021
£    £   
Loans from members - 439
Amounts owed to members in respect of profits 257,999 166,310
257,999 166,749

Falling due within one year 257,999 166,749

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

10. ULTIMATE CONTROLLING PARTY

The controlling party is J A Harris.

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