Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31falsetrue3No description of principal activity2022-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.3false OC415084 2022-04-01 2023-03-31 OC415084 2021-04-01 2022-03-31 OC415084 2023-03-31 OC415084 2022-03-31 OC415084 c:FreeholdInvestmentProperty 2023-03-31 OC415084 c:FreeholdInvestmentProperty 2022-03-31 OC415084 c:CurrentFinancialInstruments 2023-03-31 OC415084 c:CurrentFinancialInstruments 2022-03-31 OC415084 c:CurrentFinancialInstruments 2 2023-03-31 OC415084 c:CurrentFinancialInstruments 2 2022-03-31 OC415084 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC415084 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC415084 e:FRS102 2022-04-01 2023-03-31 OC415084 e:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC415084 e:FullAccounts 2022-04-01 2023-03-31 OC415084 e:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC415084 e:PartnerLLP1 2022-04-01 2023-03-31 OC415084 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC415084 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-03-31 OC415084 c:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 OC415084 c:FurtherSpecificReserve2ComponentTotalEquity 2022-03-31 iso4217:GBP xbrli:pure

OC415084







KHF GROUP LLP

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 MARCH 2023

































KHF GROUP LLP
REGISTERED NUMBER:OC415084

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
2,355,000
2,355,000

Current assets
  

Debtors: amounts falling due within one year
 5 
54,657
57,510

Bank and cash balances
  
4,987
18,923

  
59,644
76,433

Creditors: Amounts Falling Due Within One Year
 6 
(8,257)
(8,809)

Net current assets
  
 
 
51,387
 
 
67,624

Total assets less current liabilities
  
2,406,387
2,422,624

  

Net assets
  
2,406,387
2,422,624


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
2,350,000
2,350,000

Other reserves classified as equity

  

56,387
72,624

  
 
2,406,387
 
2,422,624

  
2,406,387
2,422,624


Total members' interests
  

Amounts due from members (included in debtors)
 5 
(27,297)
(30,317)

Members' other interests
  
2,406,387
2,422,624

  
2,379,090
2,392,307

Page 1

KHF GROUP LLP
REGISTERED NUMBER:OC415084
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




M. J. E. Collins
Designated member

Date: 12 November 2023

The notes on pages 4 to 6 form part of these financial statements.
Page 2

KHF GROUP LLP

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2023






 
 
 
 
 
 
Equity
Members' other interests
Debt
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Members' capital (classified as equity)
Other reserves
Total
Other amounts
Total

£
£
£
£
£

Amounts due from members 

(25,182)


Balance at 1 April 2021 
2,350,000
62,758
2,412,758
(25,182)
2,387,576

Profit for the year available for discretionary division among members
-
72,624
72,624
-
72,624

Members' interests after profit for the year
2,350,000
135,382
2,485,382
(25,182)
2,460,200

Other division of profits
-
(62,758)
(62,758)
62,758
-

Drawings
-
-
-
(67,893)
(67,893)

Amounts due from members
 



(30,317)


Balance at 31 March 2022
2,350,000
72,624
2,422,624
(30,317)
2,392,307

Profit for the year available for discretionary division among members
-
56,387
56,387
-
56,387

Members' interests after profit for the year
2,350,000
129,011
2,479,011
(30,317)
2,448,694

Other division of profits
-
(72,624)
(72,624)
72,624
-

Drawings
-
-
-
(69,604)
(69,604)

Amounts due from members
 



(27,297)


Balance at 31 March 2023 
2,350,000
56,387
2,406,387
(27,297)
2,379,090

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

KHF GROUP LLP
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

KHF Group LLP (the Partnership) is a limited liability partnership incorporated and domiciled in England and Wales.
The address of its registered office and its place of business is Kiln Heath Farm Business Centre, Antlands Lane, Shipley Bridge, Nr Horley, Surrey, RH6 9TF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the LLP's accounting policies.

Monetary amounts in these financial statements are stated in pounds sterling and are rounded to the nearest whole £1, except where otherwise indicated.

The following principal accounting policies have been applied:

 
2.2

Going concern

Having taken into account all available information about the LLP’s trading prospects for 12 months from the date of approval of the financial statements, the partners consider that the LLP is a going concern.

 
2.3

Turnover

Turnover is rental income received or receivable, excluding discounts, rebates, value added tax and other sales taxes. It is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured.

 
2.4

Investment property

Investment property is carried at fair value determined annually by the members and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash

                Cash is represented by cash in hand and deposits with financial institutions.

Page 4

KHF GROUP LLP
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including members during the year was 3 (2022 - 3).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
2,355,000



At 31 March 2023
2,355,000

The 2023 valuations were made by the members, on an open market value for existing use basis.






Page 5

KHF GROUP LLP
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Other debtors
22,938
22,938

Prepayments and accrued income
4,422
4,255

Amounts due from members
27,297
30,317

54,657
57,510



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
2,282
2,282

Other creditors
173
100

Accruals and deferred income
5,802
6,427

8,257
8,809


 
Page 6