REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements |
For The Year Ended 31 March 2024 |
for |
Kpw Investments LLP |
REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements |
For The Year Ended 31 March 2024 |
for |
Kpw Investments LLP |
Kpw Investments LLP (Registered number: SO306664) |
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 | 6 |
Notes to the Financial Statements | 8 |
Kpw Investments LLP |
General Information |
For The Year Ended 31 March 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1 Cambuslang Court |
Cambuslang |
Glasgow |
Strathclyde |
G32 8FH |
Kpw Investments LLP (Registered number: SO306664) |
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 independent financial advisors. |
DESIGNATED MEMBERS |
The designated members during the year under review were: |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £1,323,530 (2023 - £1,310,928 profit). |
MEMBERS' INTERESTS |
ON BEHALF OF THE MEMBERS: |
Kpw Investments LLP (Registered number: SO306664) |
Income Statement |
For The Year Ended 31 March 2024 |
31.3.24 | 31.3.23 |
Notes | £ | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
OPERATING PROFIT | 4 |
Interest receivable and similar income |
1,375,074 | 1,359,679 |
Interest payable and similar expenses |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
Kpw Investments LLP (Registered number: SO306664) |
Balance Sheet |
31 March 2024 |
31.3.24 | 31.3.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
Tangible assets | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
111,255 |
106,760 |
Kpw Investments LLP (Registered number: SO306664) |
Balance Sheet - continued |
31 March 2024 |
31.3.24 | 31.3.23 |
Notes | £ | £ | £ | £ |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
10 |
29,173 |
24,678 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 82,082 | 82,082 |
111,255 | 106,760 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 10 | 29,173 | 24,678 |
Members' other interests | 82,082 | 82,082 |
Amounts due from members | 7 | (15,521 | ) | (15,827 | ) |
95,734 | 90,933 |
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 |
Kpw Investments LLP (Registered number: SO306664) |
Reconciliation of Members' Interests |
For The Year Ended 31 March 2024 |
EQUITY |
Members' other interests |
Members' |
capital |
(classified |
as | Other |
equity) | reserves | Total |
£ | £ | £ |
Balance at 1 April 2023 | 82,082 | - | 82,082 |
Profit for the financial year available for discretionary division among members |
- |
1,323,530 |
1,323,530 |
Members' interests after profit for the year | 82,082 | 1,323,530 | 1,405,612 |
Other divisions of profit | - | (1,323,530 | ) | (1,323,530 | ) |
Introduced by members | - | - | - |
Drawings on account and distributions of profit | - | - | - |
Balance at 31 March 2024 | 82,082 | - | 82,082 |
DEBT | TOTAL |
Loans and other debts due to | MEMBERS' |
members less any amounts due | INTERESTS |
from members in debtors |
Other |
amounts | Total |
£ | £ |
Amount due to members | 24,678 |
Amount due from members | (15,827 | ) |
Balance at 1 April 2023 | 8,851 | 90,933 |
Profit for the financial year available for discretionary division among members |
- |
1,323,530 |
Members' interests after profit for the year | 8,851 | 1,414,463 |
Other divisions of profit | 1,323,530 | - |
Introduced by members | 214,469 | 214,469 |
Drawings on account and distributions of profit | (1,533,198 | ) | (1,533,198 | ) |
Amount due to members | 29,173 |
Amount due from members | (15,521 | ) |
Balance at 31 March 2024 | 13,652 | 95,734 |
Kpw Investments LLP (Registered number: SO306664) |
Reconciliation of Members' Interests |
For The Year Ended 31 March 2024 |
EQUITY |
Members' other interests |
Members' |
capital |
(classified |
as | Other |
equity) | reserves | Total |
£ | £ | £ |
Balance at 1 April 2022 | 82,082 | - | 82,082 |
Profit for the financial year available for discretionary division among members |
- |
1,310,928 |
1,310,928 |
Members' interests after profit for the year | 82,082 | 1,310,928 | 1,393,010 |
Other divisions of profit | - | (1,310,928 | ) | (1,310,928 | ) |
Introduced by members | - | - | - |
Drawings on account and distributions of profit | - | - | - |
Balance at 31 March 2023 | 82,082 | - | 82,082 |
DEBT | TOTAL |
Loans and other debts due to | MEMBERS' |
members less any amounts due | INTERESTS |
from members in debtors |
Other |
amounts | Total |
£ | £ |
Amount due to members | 418,157 |
Amount due from members | - |
Balance at 1 April 2022 | 418,157 | 500,239 |
Profit for the financial year available for discretionary division among members |
- |
1,310,928 |
Members' interests after profit for the year | 418,157 | 1,811,167 |
Other divisions of profit | 1,310,928 | - |
Introduced by members | 113,366 | 113,366 |
Drawings on account and distributions of profit | (1,833,600 | ) | (1,833,600 | ) |
Amount due to members | 24,678 |
Amount due from members | (15,827 | ) |
Balance at 31 March 2023 | 8,851 | 90,933 |
Kpw Investments LLP (Registered number: SO306664) |
Notes to the Financial Statements - continued |
For The Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Kpw Investments LLP is registered in Scotland. 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 |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
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. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
4. | OPERATING PROFIT |
The operating profit is stated after charging: |
31.3.24 | 31.3.23 |
£ | £ |
Depreciation - owned assets |
Goodwill amortisation |
Kpw Investments LLP (Registered number: SO306664) |
Notes to the Financial Statements - continued |
For The Year Ended 31 March 2024 |
5. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
Additions |
At 31 March 2024 |
AMORTISATION |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
6. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2023 |
Additions |
At 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Trade debtors |
Amounts owed by associates |
Other debtors |
Kpw Investments LLP (Registered number: SO306664) |
Notes to the Financial Statements - continued |
For The Year Ended 31 March 2024 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to associates | 189,988 | 464 |
Taxation and social security |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Bank loans |
10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
31.3.24 | 31.3.23 |
£ | £ |
Amounts owed to members in respect of profits | 29,173 | 24,678 |
Falling due within one year | 29,173 | 24,678 |
Debts due to members rank pari passu with ordinary creditors in the event of a winding up. |