IRIS Accounts Production v24.2.0.383 SO306664 designated member designated member 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSO3066642023-03-31SO3066642024-03-31SO3066642023-04-012024-03-31SO3066642022-03-31SO3066642022-04-012023-03-31SO3066642023-03-31SO306664ns15:Scotland2023-04-012024-03-31SO306664ns14:PoundSterling2023-04-012024-03-31SO306664ns10:PartnerLLP12023-04-012024-03-31SO306664ns10:PartnerLLP22023-04-012024-03-31SO306664ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31SO306664ns10:SmallEntities2023-04-012024-03-31SO306664ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SO306664ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SO306664ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31SO306664ns10:FullAccounts2023-04-012024-03-31SO30666412023-04-012024-03-31SO306664ns10:PartnerLLP32023-04-012024-03-31SO306664ns10:RegisteredOffice2023-04-012024-03-31SO306664ns5:CurrentFinancialInstruments2024-03-31SO306664ns5:CurrentFinancialInstruments2023-03-31SO306664ns5:Non-currentFinancialInstruments2024-03-31SO306664ns5:Non-currentFinancialInstruments2023-03-31SO306664ns5:NetGoodwill2023-04-012024-03-31SO306664ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SO306664ns5:FurnitureFittings2023-04-012024-03-31SO306664ns5:MotorVehicles2023-04-012024-03-31SO306664ns5:ComputerEquipment2023-04-012024-03-31SO306664ns5:OwnedAssets2023-04-012024-03-31SO306664ns5:OwnedAssets2022-04-012023-03-31SO306664ns5:NetGoodwill2022-04-012023-03-31SO306664ns5:NetGoodwill2024-03-31SO306664ns5:FurnitureFittings2023-03-31SO306664ns5:MotorVehicles2023-03-31SO306664ns5:ComputerEquipment2023-03-31SO306664ns5:FurnitureFittings2024-03-31SO306664ns5:MotorVehicles2024-03-31SO306664ns5:ComputerEquipment2024-03-31SO306664ns5:FurnitureFittings2023-03-31SO306664ns5:MotorVehicles2023-03-31SO306664ns5:ComputerEquipment2023-03-31SO306664ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31SO306664ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: SO306664 (Scotland)





















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: E Kelly
R Provan
Dr S Wright





REGISTERED OFFICE: 7 Royal Crescent
Glasgow
G3 7SL





REGISTERED NUMBER: SO306664 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
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:

E Kelly
R Provan
Dr S Wright

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:





E Kelly - Designated member


29 October 2024

Kpw Investments LLP (Registered number: SO306664)

Income Statement
For The Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 2,588,781 2,638,386

Cost of sales 787,848 885,077
GROSS PROFIT 1,800,933 1,753,309

Administrative expenses 428,552 393,630
OPERATING PROFIT 4 1,372,381 1,359,679

Interest receivable and similar income 2,693 -
1,375,074 1,359,679

Interest payable and similar expenses 51,544 48,751
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




1,323,530




1,310,928

Kpw Investments LLP (Registered number: SO306664)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 382,646 -
Tangible assets 6 21,659 27,592
404,305 27,592

CURRENT ASSETS
Debtors 7 263,470 277,346
Cash at bank and in hand 415,823 237,137
679,293 514,483
CREDITORS
Amounts falling due within one year 8 610,303 133,547
NET CURRENT ASSETS 68,990 380,936
TOTAL ASSETS LESS CURRENT
LIABILITIES

473,295

408,528

CREDITORS
Amounts falling due after more than one
year

9

362,040

301,768
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 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 29 October 2024 and were signed by:





E Kelly - Designated member

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
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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
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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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 14 (2023 - 12 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets 7,171 8,851
Goodwill amortisation 42,516 -

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 425,162
At 31 March 2024 425,162
AMORTISATION
Charge for year 42,516
At 31 March 2024 42,516
NET BOOK VALUE
At 31 March 2024 382,646

6. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 6,841 32,550 5,190 44,581
Additions 530 - 708 1,238
At 31 March 2024 7,371 32,550 5,898 45,819
DEPRECIATION
At 1 April 2023 1,710 14,241 1,038 16,989
Charge for year 1,415 4,577 1,179 7,171
At 31 March 2024 3,125 18,818 2,217 24,160
NET BOOK VALUE
At 31 March 2024 4,246 13,732 3,681 21,659
At 31 March 2023 5,131 18,309 4,152 27,592

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 3,930
Amounts owed by associates 220,390 219,140
Other debtors 43,080 54,276
263,470 277,346

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 158,478 113,288
Trade creditors 4,399 -
Amounts owed to associates 189,988 464
Taxation and social security 8,553 12,924
Other creditors 248,885 6,871
610,303 133,547

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 362,040 301,768

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.