REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements for the Period 1 March 2023 to 31 March 2024 |
for |
Kayclaire LLP |
REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements for the Period 1 March 2023 to 31 March 2024 |
for |
Kayclaire LLP |
Kayclaire LLP (Registered number: SO302688) |
Contents of the Financial Statements |
for the Period 1 March 2023 to 31 March 2024 |
Page |
General Information | 1 |
Report of the Members | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 5 |
Kayclaire LLP |
General Information |
for the Period 1 March 2023 to 31 March 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
29 Brandon Street |
Hamilton |
ML3 6DA |
Kayclaire LLP (Registered number: SO302688) |
Report of the Members |
for the Period 1 March 2023 to 31 March 2024 |
The members present their report with the financial statements of the LLP for the period 1 March 2023 to 31 March 2024. |
DESIGNATED MEMBERS |
The designated members during the period under review were: |
RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS |
The profit for the period before members' remuneration and profit shares was £NIL (2023 - £NIL profit). |
MEMBERS' INTERESTS |
STATEMENT OF MEMBERS' RESPONSIBILITIES |
The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations. |
Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to: |
- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business. |
The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
ON BEHALF OF THE MEMBERS: |
Kayclaire LLP (Registered number: SO302688) |
Income Statement |
for the Period 1 March 2023 to 31 March 2024 |
Period |
1.3.23 |
to | Year Ended |
31.3.24 | 28.2.23 |
Notes | £ | £ |
TURNOVER |
OPERATING PROFIT and |
PROFIT FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
Kayclaire LLP (Registered number: SO302688) |
Balance Sheet |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 6 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
20,304 |
20,304 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
7 |
20,304 |
20,304 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 7 | 20,304 | 20,304 |
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 were approved by the members of the LLP and authorised for issue on |
Kayclaire LLP (Registered number: SO302688) |
Notes to the Financial Statements |
for the Period 1 March 2023 to 31 March 2024 |
1. | STATUTORY INFORMATION |
Kayclaire LLP is registered in Scotland. 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. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The LLP was dormant throughout the current period and previous year. |
Tangible fixed assets |
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment loss. |
At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. |
Expenditure of £1,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred. |
4. | EMPLOYEE INFORMATION |
The average number of employees during the period was NIL (2023 - NIL). |
5. | INFORMATION IN RELATION TO MEMBERS |
Period |
1.3.23 |
to | Year Ended |
31.3.24 | 28.2.23 |
£ | £ |
Members' remuneration charged as an expense |
Kayclaire LLP (Registered number: SO302688) |
Notes to the Financial Statements - continued |
for the Period 1 March 2023 to 31 March 2024 |
6. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST |
At 1 March 2023 |
and 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 28 February 2023 |
7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Loans and other debts due to members rank below other creditors. |