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REGISTERED NUMBER: OC337965 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Keaney Whitehead Partnership LLP

Keaney Whitehead Partnership LLP (Registered number: OC337965)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Keaney Whitehead Partnership LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: R Whitehead
G White





REGISTERED OFFICE: 313 Smithdown Road
Liverpool
Merseyside
L15 0EB





REGISTERED NUMBER: OC337965 (England and Wales)





ACCOUNTANTS: Haines Watts
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

Keaney Whitehead Partnership LLP (Registered number: OC337965)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £ £
CURRENT ASSETS
Debtors 5 143,415 113,497
Cash at bank and in hand 284,178 265,382
427,593 378,879
CREDITORS
Amounts falling due within one year 6 147,664 131,785
NET CURRENT ASSETS 279,929 247,094
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,929

247,094

CREDITORS
Amounts falling due after more than one
year

7

12,500

22,500
NET ASSETS ATTRIBUTABLE TO
MEMBERS

267,429

224,594

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

257,429

214,594

MEMBERS' OTHER INTERESTS
Capital accounts 10,000 10,000
267,429 224,594

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 257,429 214,594
Members' other interests 10,000 10,000
267,429 224,594

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.

Keaney Whitehead Partnership LLP (Registered number: OC337965)

Balance Sheet - continued
31 March 2024


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 16 October 2024 and were signed by:





R Whitehead - Designated member

Keaney Whitehead Partnership LLP (Registered number: OC337965)

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

1. STATUTORY INFORMATION

Keaney Whitehead Partnership 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings - straight line over 3 years

Computer equipment - straight line over 5 years

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Revenue recognition
Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when , and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration , which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.
Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations . For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments in excess of the relevant amount of revenue are included in creditors.
Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.

Capital
The capital requirements of the partnership are determined by the members. Each member is required to subscribe to a proportion of this capital. No interest is paid on capital. On leaving the partnership, a member's capital is repaid according to the arrangements in the partnership agreement. Members' capital has been classified as debt in accordance with the requirements of the SORP.

Taxation
The taxation payable on the LLP's profits is a personal liability of the members during the year . Retention from profits earned up to the balance sheet date is made to fund payment of taxation on members' behalf.

Keaney Whitehead Partnership LLP (Registered number: OC337965)

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

3. EMPLOYEE INFORMATION

The average number of employees during the year was 14 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2023
and 31 March 2024 52,064
DEPRECIATION
At 1 April 2023
and 31 March 2024 52,064
NET BOOK VALUE
At 31 March 2024 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade debtors 108,455 87,879
Other debtors 34,960 25,618
143,415 113,497

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 33,049 26,683
Taxation and social security 53,471 53,993
Other creditors 51,144 41,109
147,664 131,785

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£ £
Bank loans 12,500 22,500

Keaney Whitehead Partnership LLP (Registered number: OC337965)

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

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.24 31.3.23
£ £
Amounts owed to members in respect of profits 257,429 214,594

Falling due within one year 257,429 214,594

The LLP is classed as a Small Entity with no requirement to rank the above in relation to other creditors.

9. TRANSACTIONS WITH MEMBERS

The partnership was under the control of the members throughout the year.

10. MEMBERS AND UNSECURED CREDITORS

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