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REGISTERED NUMBER: OC433701 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

KSTR LLP

KSTR LLP (REGISTERED NUMBER: OC433701)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


KSTR LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DESIGNATED MEMBERS: Dr R Rijal
Dr K Rijal





REGISTERED OFFICE: 20 Park Road
Bracknell
Essex
RG12 2L





REGISTERED NUMBER: OC433701 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

KSTR LLP (REGISTERED NUMBER: OC433701)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 510,106 510,106

CURRENT ASSETS
Cash at bank 2,067 2,029

CREDITORS
Amounts falling due within one year 5 11,182 14,812
NET CURRENT LIABILITIES (9,115 ) (12,783 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

500,991

497,323

CREDITORS
Amounts falling due after more than one year 6 160,116 165,844
NET ASSETS ATTRIBUTABLE TO MEMBERS 340,875 331,479

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

340,875

331,479

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 340,875 331,479

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 October 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 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 25 July 2024 and were signed by:





Dr R Rijal - Designated member

KSTR LLP (REGISTERED NUMBER: OC433701)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

KSTR 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
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in January 2017 (SORP) and the Companies Act 2006 (as applied to LLPs).

Significant judgements and estimates
In the application of the LLP's accounting policies, the member is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Turnover
Turnover represents the rent received or receivables during the year.

Investment property
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the income statement.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 510,106
NET BOOK VALUE
At 31 October 2023 510,106
At 31 October 2022 510,106

KSTR LLP (REGISTERED NUMBER: OC433701)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,921 5,921
Other creditors 5,261 8,891
11,182 14,812

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 160,116 165,844

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 166,037 171,765

The bank loan is secured by way of fixed and floating charges on the property of the company and contains a negative pledge.

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

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