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REGISTERED NUMBER: OC413157 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Knee FX LLP

Knee FX LLP (Registered number: OC413157)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Reconciliation of Members' Interests 5

Notes to the Financial Statements 7


Knee FX LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: M R Cope
Dr M L T Jayatilaka





REGISTERED OFFICE: C/o Echo Tax
SPACES Manchester
Peter House, Oxford Street
Manchester
M1 5AN





REGISTERED NUMBER: OC413157 (England and Wales)





ACCOUNTANTS: Echo Tax Limited
SPACES Manchester
Peter House, Oxford Street
Manchester
M1 5AN

Knee FX LLP (Registered number: OC413157)

Report of the Members
for the Year Ended 31 March 2024

The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of non-trading LLP.

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

M R Cope
Dr M L T Jayatilaka

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £NIL (2023 - £47,904 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





M R Cope - Designated member


1 October 2024

Knee FX LLP (Registered number: OC413157)

Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
£    £   

TURNOVER - 141,230

Administrative expenses - 93,326
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION
AMONG MEMBERS





-





47,904

Knee FX LLP (Registered number: OC413157)

Balance Sheet
31 March 2024

31.3.24 31.3.23
£    £   
CURRENT ASSETS
Debtors 27,646 27,646
Cash at bank - 20,258
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

27,646

47,904

LOANS AND OTHER DEBTS DUE TO
MEMBERS

27,646

47,904

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

27,646

47,904
Amounts due from members (27,646 ) (27,646 )
- 20,258

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 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 1 October 2024 and were signed by:




M R Cope - Designated member

Knee FX LLP (Registered number: OC413157)

Reconciliation of Members' Interests
for the Year Ended 31 March 2024


EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members 47,904
Amount due from members (27,646 )
Balance at 1 April 2023 - 20,258 20,258
Profit for the financial year
available for discretionary
division among members


-


-


-


Members' interests after
profit for the year

-

20,258

20,258

Drawings on account and
distributions of profit

-

(20,258

)

(20,258

)

Amount due to members 27,646
Amount due from members (27,646 )
Balance at 31 March 2024 - - -

Knee FX LLP (Registered number: OC413157)

Reconciliation of Members' Interests
for the Year Ended 31 March 2024

EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members -
Amount due from members (27,646 )
Balance at 1 April 2022 - (27,646 ) (27,646 )
Profit for the financial year
available for discretionary
division among members


47,904


-


47,904


Members' interests after
profit for the year

47,904

(27,646

)

20,258

Other divisions of profit (47,904 ) 47,904 -
Amount due to members 47,904
Amount due from members (27,646 )
Balance at 31 March 2023 - 20,258 20,258

Knee FX LLP (Registered number: OC413157)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Knee FX LLP is registered in England and Wales. 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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2023 - 2 ) .

4. ULTIMATE CONTROLLING PARTY

The controlling party is the members.