IRIS Accounts Production v23.1.5.20 SO306664 designated member designated member 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSO3066642022-03-31SO3066642023-03-31SO3066642022-04-012023-03-31SO3066642021-03-31SO3066642021-04-012022-03-31SO3066642022-03-31SO306664ns16:Scotland2022-04-012023-03-31SO306664ns15:PoundSterling2022-04-012023-03-31SO306664ns11:Director12022-04-012023-03-31SO306664ns11:Director22022-04-012023-03-31SO306664ns11:LimitedLiabilityPartnershipLLP2022-04-012023-03-31SO306664ns11:SmallEntities2022-04-012023-03-31SO306664ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-31SO306664ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-31SO306664ns11:LimitedLiabilityPartnershipsSORP2022-04-012023-03-31SO306664ns11:FullAccounts2022-04-012023-03-31SO306664ns11:Director32022-04-012023-03-31SO306664ns11:RegisteredOffice2022-04-012023-03-31SO306664ns6:CurrentFinancialInstruments2023-03-31SO306664ns6:CurrentFinancialInstruments2022-03-31SO306664ns6:Non-currentFinancialInstruments2023-03-31SO306664ns6:Non-currentFinancialInstruments2022-03-31SO306664ns6:FurnitureFittings2022-04-012023-03-31SO306664ns6:MotorVehicles2022-04-012023-03-31SO306664ns6:ComputerEquipment2022-04-012023-03-31SO306664ns6:OwnedAssets2022-04-012023-03-31SO306664ns6:OwnedAssets2021-04-012022-03-31SO306664ns6:FurnitureFittings2022-03-31SO306664ns6:MotorVehicles2022-03-31SO306664ns6:ComputerEquipment2022-03-31SO306664ns6:FurnitureFittings2023-03-31SO306664ns6:MotorVehicles2023-03-31SO306664ns6:ComputerEquipment2023-03-31SO306664ns6:FurnitureFittings2022-03-31SO306664ns6:MotorVehicles2022-03-31SO306664ns6:ComputerEquipment2022-03-31SO306664ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-31SO306664ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: SO306664 (Scotland)





















Report of the Members and

Unaudited Financial Statements

For The Year Ended 31 March 2023

for

Kpw Investments LLP

Kpw Investments LLP (Registered number: SO306664)






Contents of the Financial Statements
For The Year Ended 31 March 2023




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Reconciliation of Members' Interests 6

Notes to the Financial Statements 8


Kpw Investments LLP

General Information
For The Year Ended 31 March 2023







DESIGNATED MEMBERS: E Kelly
R Provan
Dr S Wright





REGISTERED OFFICE: 7 Royal Crescent
Glasgow
G3 7SL





REGISTERED NUMBER: SO306664 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Kpw Investments LLP (Registered number: SO306664)

Report of the Members
For The Year Ended 31 March 2023

The members present their report with the financial statements of the LLP for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of independent financial advisors.

DESIGNATED MEMBERS
The designated members during the year under review were:

E Kelly
R Provan
Dr S Wright

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £1,310,928 (2022 - £1,675,433 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





E Kelly - Designated member


21 July 2023

Kpw Investments LLP (Registered number: SO306664)

Income Statement
For The Year Ended 31 March 2023

31.3.23 31.3.22
Notes £    £   

TURNOVER 2,638,386 2,734,723

Cost of sales 885,077 598,149
GROSS PROFIT 1,753,309 2,136,574

Administrative expenses 393,630 405,045
OPERATING PROFIT 4 1,359,679 1,731,529


Interest payable and similar expenses 48,751 56,096
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




1,310,928




1,675,433

Kpw Investments LLP (Registered number: SO306664)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 27,592 24,412

CURRENT ASSETS
Debtors 6 277,346 710,911
Cash at bank and in hand 237,137 284,484
514,483 995,395
CREDITORS
Amounts falling due within one year 7 133,547 119,705
NET CURRENT ASSETS 380,936 875,690
TOTAL ASSETS LESS CURRENT
LIABILITIES

408,528

900,102

CREDITORS
Amounts falling due after more than one
year

8

301,768

399,862
NET ASSETS ATTRIBUTABLE TO
MEMBERS

106,760

500,240

Kpw Investments LLP (Registered number: SO306664)

Balance Sheet - continued
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

24,678

418,158

MEMBERS' OTHER INTERESTS
Capital accounts 82,082 82,082
106,760 500,240

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 24,678 418,158
Members' other interests 82,082 82,082
Amounts due from members 6 (15,827 ) -
90,933 500,240

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 2023.

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 21 July 2023 and were signed by:





E Kelly - Designated member

Kpw Investments LLP (Registered number: SO306664)

Reconciliation of Members' Interests
For The Year Ended 31 March 2023


EQUITY
Members' other interests
Members'
capital
(classified
as Other
equity) reserves Total
£    £    £   
Balance at 1 April 2022 82,082 - 82,082
Profit for the financial year available for
discretionary division among members

-

1,310,928

1,310,928
Members' interests after profit for the year 82,082 1,310,928 1,393,010
Other divisions of profit - (1,310,928 ) (1,310,928 )
Introduced by members - - -
Drawings on account and distributions of profit - - -
Balance at 31 March 2023 82,082 - 82,082

DEBT TOTAL
Loans and other debts due to MEMBERS'
members less any amounts due INTERESTS
from members in debtors
Other
amounts Total
£    £   
Amount due to members 418,157
Amount due from members -
Balance at 1 April 2022 418,157 500,239
Profit for the financial year available for
discretionary division among members

-

1,310,928

Members' interests after profit for the year 418,157 1,811,167
Other divisions of profit 1,310,928 -
Introduced by members 113,366 113,366
Drawings on account and distributions of profit (1,833,600 ) (1,833,600 )
Amount due to members 24,678
Amount due from members (15,827 )
Balance at 31 March 2023 8,851 90,933

Kpw Investments LLP (Registered number: SO306664)

Reconciliation of Members' Interests
For The Year Ended 31 March 2023

EQUITY
Members' other interests
Members'
capital
(classified
as Other
equity) reserves Total
£    £    £   
Balance at 1 April 2021 82,082 - 82,082
Profit for the financial year available for
discretionary division among members

-

1,675,433

1,675,433
Members' interests after profit for the year 82,082 1,675,433 1,757,515
Other divisions of profit - (1,675,433 ) (1,675,433 )
Introduced by members - - -
Drawings on account and distributions of profit - - -
Balance at 31 March 2022 82,082 - 82,082

DEBT TOTAL
Loans and other debts due to MEMBERS'
members less any amounts due INTERESTS
from members in debtors
Other
amounts Total
£    £   
Amount due to members 146,312
Amount due from members -
Balance at 1 April 2021 146,312 228,394
Profit for the financial year available for
discretionary division among members

-

1,675,433

Members' interests after profit for the year 146,312 1,903,827
Other divisions of profit 1,675,433 -
Introduced by members 170,218 170,218
Drawings on account and distributions of profit (1,573,805 ) (1,573,805 )
Amount due to members 418,158
Amount due from members -
Balance at 31 March 2022 418,158 500,240

Kpw Investments LLP (Registered number: SO306664)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

Kpw Investments LLP is registered in Scotland. 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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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 12 (2022 - 10 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.23 31.3.22
£    £   
Depreciation - owned assets 8,851 8,138

Kpw Investments LLP (Registered number: SO306664)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 - 32,550 - 32,550
Additions 6,841 - 5,190 12,031
At 31 March 2023 6,841 32,550 5,190 44,581
DEPRECIATION
At 1 April 2022 - 8,138 - 8,138
Charge for year 1,710 6,103 1,038 8,851
At 31 March 2023 1,710 14,241 1,038 16,989
NET BOOK VALUE
At 31 March 2023 5,131 18,309 4,152 27,592
At 31 March 2022 - 24,412 - 24,412

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 3,930 41,039
Amounts owed by associates 219,140 669,140
Other debtors 54,276 732
277,346 710,911

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 113,288 111,667
Amounts owed to associates 464 -
Taxation and social security 12,924 -
Other creditors 6,871 8,038
133,547 119,705

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 301,768 399,862

Kpw Investments LLP (Registered number: SO306664)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.23 31.3.22
£    £   
Amounts owed to members in respect of profits 24,678 418,158

Falling due within one year 24,678 418,158

Debts due to members rank pari passu with ordinary creditors in the event of a winding up.