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Registered Number: OC448840
England and Wales

 

 

 

KHROMA COLLECTIVE LLP


Unaudited Financial Statements
 


Period of accounts

Start date: 25 August 2023

End date: 05 April 2024
  2024
    £ £
Fixed assets   254 
Current assets 10,757   
Creditors: amount falling due within one year (8,446)  
Net current assets   2,311 
Total assets less current liabilities   2,565 
Net assets   2,565 
 

     

Represented by:
Members' other interest
Members' capital   (7,829)
Other reserves   10,394 
  2,565 

  2,565 
 

Total members' interests
Members' other interests   2,565 
  2,565 
 
NOTES TO THE ACCOUNTS

General Information
Khroma Collective LLP is a limited liability partnership, registered in England and Wales, registration number OC448840, registration address Basden Villa, Sartor Road, London, SE15 3BB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery etc 25%
2.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 25 August 2023  
Additions 257    257 
Disposals  
At 05 April 2024 257    257 
Depreciation
At 25 August 2023  
Charge for period 3    3 
On disposals  
At 05 April 2024 3    3 
Net book values
Closing balance as at 05 April 2024 254    254 
Opening balance as at 25 August 2023  


3.

Average number of employees

Average number of employees during the period was 2.



For the period ended 05 April 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006(as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime
These accounts were approved by the members and signed on their behalf by:


.............................................................................

Designated Member
Date approved by the members: 14 November 2024
1