Thatcher Hobbs Langridge LLP - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: OC384979 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2022

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

P Gombera

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

CURRENT ASSETS

Debtors

5

247,133

219,742

Cash at bank and in hand

19,248

128,523

266,381

348,265

CREDITORS

Amounts falling due within one year

6

90,356

130,706

NET CURRENT ASSETS

176,025

217,559

TOTAL ASSETS LESS CURRENT LIABILITIES

176,025

272,764

CREDITORS

Amounts falling due after more than one year

7

131,178

160,000

NET ASSETS ATTRIBUTABLE TO MEMBERS

44,847

112,764

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

44,847

112,764

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

44,847

112,764

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 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 24 February 2023 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 (2021 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2021

202,981

Disposals

(169,981

)

At 31 May 2022

33,000

DEPRECIATION

At 1 June 2021

147,776

Charge for year

7,806

Eliminated on disposal

(122,582

)

At 31 May 2022

33,000

NET BOOK VALUE

At 31 May 2022

-

At 31 May 2021

55,205

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

-

160,385

Amounts owed by group undertakings

-

15,800

Other debtors

247,133

43,557

247,133

219,742

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

59,963

32,189

Taxation and social security

20,221

50,477

Other creditors

10,172

48,040

90,356

130,706

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

131,178

160,000

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2022

2021

£

£

Amounts owed to members in respect of profits

44,847

112,764

Falling due within one year

44,847

112,764

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