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REGISTERED NUMBER: SO302688 (Scotland)















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: Ms K A M Sannachan
M Hogarth
P McKernan
Ms H M Turpie





REGISTERED OFFICE: 29 Brandon Street
Hamilton
ML3 6DA





REGISTERED NUMBER: SO302688 (Scotland)





ACCOUNTANTS: Sharles Ltd
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:

Ms K A M Sannachan
M Hogarth
P McKernan
Ms H M Turpie

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:





P McKernan - Designated member


4 September 2024

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 20,304 20,304
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 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 period ended 31 March 2024.

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 4 September 2024 and were signed by:





P McKernan - Designated member

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

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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 20,304
NET BOOK VALUE
At 31 March 2024 20,304
At 28 February 2023 20,304

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank below other creditors.