Registered No. OC329723 (England and Wales)
Hansford & Crocker LLP
Unaudited accounts
for the year ended 31 March 2023
Hansford & Crocker LLP
LLP Information
for the year ended 31 March 2023
Designated members
Mr William James Grice Crocker
Mr Alexander Karl Hansford
Registered Number
OC329723 (England and Wales)
Registered Office
The Old Rectory Coach House
Olney Road
Emberton
Buckinghamshire
MR46 5BX
Accountants
Newsham & Co Limited
11 Allanhall Way
Kirk Ella
Hull
East Yorkshire
HU10 7QU
Hansford & Crocker LLP
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
21,345
29,917
Creditors: amounts falling due within one year
(11,405)
(12,992)
Net current assets
15,014
22,068
Total assets less current liabilities
16,613
22,986
Creditors: amounts falling due after more than one year
(11,267)
(16,467)
Net assets attributable to members
5,346
6,519
Loans and other debts due to members
5,246
6,419
Members' capital classified as equity
100
100
Loans and other debts due to members
5,246
6,419
Members' other interests
100
100
For the year ending 31 March 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 23 June 2023.
Mr William James Grice Crocker
Designated member
Limited Liability Partnership Registration No. OC329723
Hansford & Crocker LLP
Notes to the Accounts
for the year ended 31 March 2023
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns,
rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Grants relating to revenue are recognised in profit and loss on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
Members' fixed shares of profits are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% straight line basis
Plant & machinery
25% straight line basis
Fixtures & fittings
25% straight line basis
Hansford & Crocker LLP is a limited liability partnership, incorporated in England and Wales, registration number OC329723. Its registered office is The Old Rectory Coach House, Olney Road, Emberton, Buckinghamshire, MR46 5BX.
Hansford & Crocker LLP
Notes to the Accounts
for the year ended 31 March 2023
3
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
718
16,715
6,715
24,148
At 31 March 2023
1,551
16,965
6,715
25,231
At 1 April 2022
717
16,562
5,951
23,230
Charge for the year
17
160
225
402
At 31 March 2023
734
16,722
6,176
23,632
At 31 March 2023
817
243
539
1,599
At 31 March 2022
1
153
764
918
4
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,200
5,200
Trade creditors
4,312
4,303
Taxes and social security costs
943
2,739
Creditors include a Bounce Back Loan is denominated in £ with a nominal interest rate of 2.5%, and the final instalment is due on 12 May 2026. The total carrying amount at year end is £16,467 (2022 - £21,667).
The goverment has guaranteed 100% of the Bounce Back loan and there are no fees or interest to pay for the first 12 months. The loan is repayable over 6 years with no repayments in the first year.
5
Creditors: amounts falling due after more than one year
2023
2022
Creditors include a Bounce Back Loan is denominated in £ with a nominal interest rate of 2.5%, and the final instalment is due on 12 May 2026. The total carrying amount at year end is £16,467 (2022 - £21,667).
The goverment has guaranteed 100% of the Bounce Back loan and there are no fees or interest to pay for the first 12 months. The loan is repayable over 6 years with no repayments in the first year.
6
Loans and other debts due to members
2023
2022
Amounts due to members in respect of profits
5,246
6,419
Amounts falling due within one year
5,246
6,419
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
Hansford & Crocker LLP
Notes to the Accounts
for the year ended 31 March 2023
7
Operating lease commitments
2023
2022
Total commitments under non-cancellable operating leases are as follows:
Operating leases expiring:
Within one year
1,565
1,565
The ultimate controlling party is the same as the controlling party.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
