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Registered number: OC394770












KINTBURY CAPITAL LLP
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 

KINTBURY CAPITAL LLP

INFORMATION



Designated Members
C Dale
Kintbury Services (UK) Ltd

LLP registered number
OC394770

Registered office
33 Cork Street
London
W1S 3NQ

Independent auditor
Blick Rothenberg Audit LLP
Chartered Accountants
16 Great Queen Street
London
WC2B 5AH


 

KINTBURY CAPITAL LLP
  
MEMBERS' REPORT
FOR THE YEAR ENDED 31 MARCH 2024

The members present their annual report together with the audited financial statements of Kintbury Capital LLP (the "LLP") for the year ended 31 March 2024
 

Principal activities
 
 
The principal object of the LLP is to provide investment management services. The LLP is authorised and regulated by the Financial Conduct Authority ('FCA').
 
 
Designated Members
 
 
C Dale and Kintbury Services (UK) Ltd were designated members of the LLP throughout the period.
 

 
Members' capital and interests
 
 
Members share profits and losses in accordance with agreed profit sharing agreements.
 
 
Members' capital and drawings are determined by the regulatory capital requirements of the FCA and any trading needs of the LLP. Members' capital is not repayable except where allowed under FCA rules.
 

Public disclosures
 
 
The LLP has documented the disclosures required by the FCA under MIFIDPRU. These are available from the LLP's website at www.kintburycapital.com
 
Members' responsibilities statement
 
 
The members are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
 
 
Company law, (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008), 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). Under company law, (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) 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 judgments and accounting estimates that are reasonable and prudent;
 
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
 
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 to enable them to ensure that the financial statements comply with the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of the 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.
 
 
Page 1

 

KINTBURY CAPITAL LLP
 
MEMBERS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
 
 
Disclosure of information to auditor
 
 
Each of the persons who are members at the time when this members' report is approved has confirmed that:

so far as that member is aware, there is no relevant audit information of which the LLP's auditor is unaware, and

that member has taken all the steps that ought to have been taken as a member in order to be aware of any relevant audit information and to establish that the LLP's auditor is aware of that information.
 

Auditor
 
 
The auditorBlick Rothenberg Audit LLPhas indicated its willingness to continue in office. The Designated members will propose a motion re-appointing the auditor at a meeting of the members.
 

This report was approved by the members on 28 June 2024 and signed on their behalf by:
 
 

C Dale
Designated member

Page 2

 

KINTBURY CAPITAL LLP

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KINTBURY CAPITAL LLP
 FOR THE YEAR ENDED 31 MARCH 2024

Opinion
 

We have audited the financial statements of Kintbury Capital LLP (the 'LLP') for the year ended 31 March 2024, which comprise the statement of comprehensive income, the balance sheet, the statement of cash flows, the reconciliation of members' interests and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the LLP's affairs as at 31 March 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006, as applied to limited liability partnerships by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the LLP in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
 

In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the LLP's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the members with respect to going concern are described in the relevant sections of this report.

Other information
 

The other information comprises the information included in the Annual Report other than the financial statements and our auditor's report thereon. The members are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 3

 

KINTBURY CAPITAL LLP

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KINTBURY CAPITAL LLP (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024

Matters on which we are required to report by exception
 

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006, as applied to limited liability partnerships, requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
we have not received all the information and explanations we require for our audit.

Responsibilities of members
 

As explained more fully in the members' responsibilities statement set out on page 1, the members are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the members determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the members are responsible for assessing the LLP's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the members either intend to liquidate the LLP or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, and non-compliance with laws and regulations, our procedures included the following: enquiring of management concerning the LLP’s policies with regards to identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; enquiring of management concerning the LLP’s policies for detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; enquiring of management concerning the LLP’s policies in relation to the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations; discussing among the engagement team where fraud might occur in the financial statements and any potential indicators of fraud; and obtaining an understanding of the legal and regulatory framework that the LLP operates in and focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the LLP. The key laws and regulations we considered in this context included the UK Companies Act 2006 and the Financial Services and Markets Act 2000.



 
Page 4

 

KINTBURY CAPITAL LLP

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KINTBURY CAPITAL LLP (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024

One particular focus area was the risk of fraud through management override of controls. Our procedures to respond to risks identified included the following: performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; reviewing the bank statements of the LLP for evidence of any large or unusual activity which may be indicative of fraud; enquiring of management in relation to any potential litigation and claims; and testing the appropriateness of journal entries and other adjustments.
Another focus area was non-compliance with the rules of the Financial Conduct Authority (‘the FCA’). The LLP was authorised and regulated by the FCA throughout the period. Our procedures to respond to risks identified included the following: reviewing correspondence between the LLP and the FCA, performing analytical review to detect receipts of client money and remaining alert to the possibility of accidental receipt of client monies; and discussion of regulatory matters with the appointed officers of the LLP.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the members and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report
 

This report is made solely to the LLP's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, as applied by Part 12 of The Limited Liability Partnerships (Accounts and Audit) (Applications of Companies Act 2006) Regulations 2008Our audit work has been undertaken so that we might state to the LLP's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and the LLP's members, as a body, for our audit work, for this report, or for the opinions we have formed.




Richard Hinton (senior statutory auditor)
for and on behalf of
Blick Rothenberg Audit LLP
Chartered Accountants
Statutory Auditor
16 Great Queen Street
London
WC2B 5AH

28 June 2024
Page 5

 

KINTBURY CAPITAL LLP
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2024

2024
2023
Note
£
£

  

Turnover
 3 
12,113,966
12,475,062

Administrative expenses
  
(4,337,644)
(3,519,901)

Operating profit
 4 
 
7,776,322
 
8,955,161

Interest payable and similar expenses
  
-
(28)

Profit before tax
  
 
7,776,322
 
8,955,133

Profit for the year before members' remuneration and profit shares available for discretionary division among members
  
 
7,776,322
 
8,955,133

There was no other comprehensive income for 2024(2023:£NIL).

The notes on pages 11 to 16 form part of these financial statements.

Page 6


 
REGISTERED NUMBER:OC394770
KINTBURY CAPITAL LLP

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 7 
661,782
792,459

Current assets
  

Debtors: amounts falling due within one year
 8 
2,149,219
1,208,779

Bank and cash balances
  
2,412,389
1,728,744

  
4,561,608
2,937,523

Creditors: amounts falling due within one year
 9 
(950,515)
(848,898)

Net current assets
  
 
 
3,611,093
 
 
2,088,625

Total assets less current liabilities
  
4,272,875
2,881,084

  

Net assets
  
4,272,875
2,881,084


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 10 
124,255
11,926

  
124,255
11,926

Members' other interests
  

Members' capital classified as equity
  
800,000
800,000

Other reserves classified as equity
  
3,348,620
2,069,158

  
 
4,148,620
 
2,869,158

  

  
4,272,875
2,881,084


Total members' interests
  

Loans and other debts due to members
 10 
124,255
11,926

Members' other interests
  
4,148,620
2,869,158

  
4,272,875
2,881,084


The financial statements were approved and authorised for issue by the members and were signed on their behalf on 28 June 2024.



C Dale
Designated member

The notes on pages 11 to 16 form part of these financial statements.
Page 7


 
REGISTERED NUMBER:OC394770
KINTBURY CAPITAL LLP
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


Page 8

 

KINTBURY CAPITAL LLP

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2024







EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Members' capital (classified as equity)
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£
£

Amounts due to members 

170,293
170,293


Balance at 1 April 2022 
500,000
2,065,756
2,565,756
170,293
170,293
2,736,049

Members' remuneration charged as an expense
-
-
-
-
-
-

Profit for the year available for discretionary division among members
 
-
8,955,133
8,955,133
-
-
8,955,133

Members' interests after profit for the year
500,000
11,020,889
11,520,889
170,293
170,293
11,691,182

Other division of profits
-
(8,951,731)
(8,951,731)
8,951,731
8,951,731
-

Amounts introduced by members
300,000
-
300,000
-
-
300,000

Drawings
-
-
-
(8,951,731)
(8,951,731)
(8,951,731)

Other movements
 
-
-
-
(158,367)
(158,367)
(158,367)

Amounts due to members
 



11,926
11,926


Balance at 31 March 2023
800,000
2,069,158
2,869,158
11,926
11,926
2,881,084

Profit for the year available for discretionary division among members
 
-
7,776,322
7,776,322
-
-
7,776,322

Members' interests after profit for the year
800,000
9,845,480
10,645,480
11,926
11,926
10,657,406

Other division of profits
-
(6,496,860)
(6,496,860)
6,496,860
6,496,860
-

Drawings
-
-
-
(6,496,860)
(6,496,860)
(6,496,860)

Other movements
 
-
-
-
112,329
112,329
112,329

Amounts due to members
 



124,255
124,255


Balance at 31 March 2024 
800,000
3,348,620
4,148,620
124,255
124,255
4,272,875

The ability of the members of the LLP to reduce the amount of Members' other interests is restricted by the regulatory capital requirements of the FCA.

Page 9

 

KINTBURY CAPITAL LLP

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024

2024
2023
£
£

Cash flows from operating activities

Profit for the financial year
7,776,322
8,955,133

Adjustments for:

Depreciation of tangible assets
159,200
75,376

Interest paid
-
28

Increase in debtors
(940,440)
(226,881)

Increase in creditors
101,617
199,489

Net cash generated from operating activities

7,096,699
9,003,145


Cash flows from investing activities

Purchase of tangible fixed assets
(28,523)
(867,835)

Net cash from investing activities

(28,523)
(867,835)

Cash flows from financing activities

Interest paid
-
(28)

Members' capital contributed
-
300,000

Withdrawals by members
(6,496,860)
(8,951,731)

Increase in loans due to members
112,329
-

Net cash used in financing activities
(6,384,531)
(8,651,759)

Net increase/(decrease) in cash and cash equivalents
683,645
(516,449)

Cash and cash equivalents at beginning of year
1,728,744
2,245,193

Cash and cash equivalents at the end of year
2,412,389
1,728,744


Cash and cash equivalents at the end of year comprise:

Cash at bank and in hand
2,412,389
1,728,744


The notes on pages 11 to 16 form part of these financial statements.

Page 10

 

KINTBURY CAPITAL LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Kintbury Capital LLP is a limited liability partnership incorporated in the UK and registered in England and Wales. 
The LLP's registered address is 33 Cork Street, London, W1S 3NQ.
The principal activity of the LLP is to provide investment management services. The LLP is authorised and regulated by the Financial Conduct Authority ('FCA').

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" published in December 2021. 
The designated members do not consider there to be any critical accounting estimates or material judgmental areas in applying the entity's accounting policies.
 

 
2.2

Turnover

Turnover comprises revenue recognised by the LLP in respect of investment management and performance fees. Management fees are recognised as they accrue across the year. Performance fees are recognised on crystallisation.

 
2.3

Operating leases: the LLP as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term.

 
2.4

Financial instruments

The LLP does not trade in financial instruments and all such instruments arise directly from operations.
All trade and other debtors are initially recognised at transaction value, as none contain in substance a financing transaction. Thereafter trade and other debtors are reviewed for impairment where there is objective evidence based on observable data that the balance may be impaired. The LLP does not hold collateral against its trade and other receivables so its exposure to credit risk is the net balance of trade and other debtors after allowance for impairment.
The LLP's cash holdings comprise on demand balances. All cash is held with banks with strong external credit ratings. At the year end £285,411 (2023 - £425,060) of the LLP’s cash at bank was not available for use by the LLP. This balance relates to cash held in a separate bank account for the purpose of satisfying future liabilities of third party research providers. An equivalent balance is included in accruals and deferred income in respect of this amount.
Trade and other creditors and accruals are initially recognised at transaction value as none represent a financing transaction. They are only derecognised when they are extinguished.

 
Page 11

 

KINTBURY CAPITAL LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.4
Financial instruments (continued)

The LLP only has short term receivables and payables, the latter including amounts due to members. Note 10 provides details of the LLP's overall liquidity position at the balance sheet date. 

 
2.5

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Taxation

The taxation payable on profits is the personal liability of the members during the year.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvements
-
Over 10 years
Fixtures and fittings
-
Over 3 years
Office equipment
-
Over 3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 12

 

KINTBURY CAPITAL LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Turnover

The whole of the turnover is attributable to the LLP's principal activity.

All turnover arose within the United Kingdom.


4.


Operating profit

The operating profit is stated after charging:

2024
2023
£
£

Audit fees payable to the LLP's auditor
10,850
7,300

Non-audit fees payable to the LLP's auditor
13,350
3,450

Exchange differences
(12,489)
(9,796)

Other operating lease rentals
279,744
258,662

Depreciation of fixed assets
159,200
75,376


5.


Employees




The LLP has no employees.


6.


Information in relation to members

2024
2023
Number
Number


The average number of members during the year was
7
7

 
 
2024
2023
£
£



The amount of profit attributable to the member with the largest entitlement was
3,778,425
4,858,702


Page 13

 

KINTBURY CAPITAL LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Tangible fixed assets





Leasehold improve-ments
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
573,572
219,394
74,869
867,835


Additions
-
7,719
20,804
28,523



At 31 March 2024

573,572
227,113
95,673
896,358



Depreciation


At 1 April 2023
29,923
35,508
9,945
75,376


Charge for the year
57,357
72,805
29,038
159,200



At 31 March 2024

87,280
108,313
38,983
234,576



Net book value



At 31 March 2024
486,292
118,800
56,690
661,782



At 31 March 2023
543,649
183,886
64,924
792,459


8.


Debtors

2024
2023
£
£


Other debtors
281,810
206,976

Prepayments and accrued income
1,867,409
1,001,803

2,149,219
1,208,779



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
81,841
124,393

Other creditors
2,168
220

Accruals and deferred income
866,506
724,285

950,515
848,898


Page 14

 

KINTBURY CAPITAL LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Loans and other debts due to members


2024
2023
£
£



Expenses paid by members on behalf of the LLP
124,255
11,926



2024
2023
£
£



Falling due within one year
124,255
11,926

124,255
11,926

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up. The balances are non-interest bearing and due on demand.


11.


Analysis of net debt




At 1 April 2023
Arising from cash flows
At 31 March 2024
£

£

£

Cash at bank and in hand

1,728,744

683,645

2,412,389

Net debt (before members' debt)
1,728,744
683,645
2,412,389

Loans and other debts due to members




Other amounts due to members
(11,926)

(112,329)

(124,255)

Net debt


1,716,818
571,316
2,288,134


12.


Commitments under operating leases

At 31 March 2024 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
327,608
205,156

Later than 1 year and not later than 5 years
739,205
1,066,813

1,066,813
1,271,969

Page 15

 

KINTBURY CAPITAL LLP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

13.


Related party transactions

During the year, the LLP was recharged expenses of £2,222,208 (2023 £1,650,003) by Kintbury Services (UK) Ltd, a designated member.


14.


Controlling party

The ultimate controlling party is C Dale.


15.


Subsequent event

On 19 June 2024, Kintbury Services (UK) Ltd, a designated member, introduced capital of £100,000 to the LLP. 






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