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REGISTERED NUMBER: NC000425 (Northern Ireland)














Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2024

for

KENNEDY FITZGERALD ARCHITECTS LLP

KENNEDY FITZGERALD ARCHITECTS LLP (REGISTERED NUMBER: NC000425)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024










Page

General Information 1

Report of the Members 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


KENNEDY FITZGERALD ARCHITECTS LLP

General Information
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: Mr M R Finlay
Mr G E K Major
Mr F T Harron





REGISTERED OFFICE: Dill House
Castlereagh Business Park
478 Castlereagh Road
Belfast
BT5 6BQ





REGISTERED NUMBER: NC000425 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

KENNEDY FITZGERALD ARCHITECTS LLP (REGISTERED NUMBER: NC000425)

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 architectural services.

DESIGNATED MEMBERS
The designated members during the year under review were:

Mr M R Finlay
Mr G E K Major
Mr F T Harron

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £450,504 (2023 - £425,214 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Mr G E K Major - Designated member


18 November 2024

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
Kennedy FitzGerald Architects LLP




In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have compiled the financial statements of the LLP for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the LLP's members, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the LLP's members that we have done so, and state those matters that we have agreed to state to them in this 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 work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 March 2024 your duty to ensure that the LLP has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. You consider that the LLP is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH


17 November 2024

KENNEDY FITZGERALD ARCHITECTS LLP (REGISTERED NUMBER: NC000425)

Income Statement
FOR THE YEAR ENDED 31 MARCH 2024

31/3/24 31/3/23
Notes £    £   

TURNOVER 3,960,782 3,505,579

Cost of sales (2,019,862 ) (1,719,528 )
GROSS PROFIT 1,940,920 1,786,051

Administrative expenses (1,489,003 ) (1,359,044 )
OPERATING PROFIT 4 451,917 427,007


Interest payable and similar expenses (1,413 ) (1,793 )
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




450,504




425,214

KENNEDY FITZGERALD ARCHITECTS LLP (REGISTERED NUMBER: NC000425)

Balance Sheet
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 42,827 23,326

CURRENT ASSETS
Stocks 263,282 300,587
Debtors 6 496,454 527,143
Cash at bank 132,511 108,577
892,247 936,307
CREDITORS
Amounts falling due within one year 7 689,488 710,893
NET CURRENT ASSETS 202,759 225,414
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,586

248,740

CREDITORS
Amounts falling due after more than one
year

8

11,603

27,030
NET ASSETS ATTRIBUTABLE TO
MEMBERS

233,983

221,710

KENNEDY FITZGERALD ARCHITECTS LLP (REGISTERED NUMBER: NC000425)

Balance Sheet - continued
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

233,683

221,410

MEMBERS' OTHER INTERESTS
Capital accounts 300 300
233,983 221,710

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 233,683 221,410
Members' other interests 300 300
233,983 221,710

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 18 November 2024 and were signed by:




Mr M R Finlay - Designated member




Mr F T Harron - Designated member


KENNEDY FITZGERALD ARCHITECTS LLP (REGISTERED NUMBER: NC000425)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Kennedy FitzGerald Architects LLP is registered in Northern Ireland. 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 each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 26 (2023 - 24 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31/3/24 31/3/23
£    £   
Depreciation - owned assets 26,975 12,201

KENNEDY FITZGERALD ARCHITECTS LLP (REGISTERED NUMBER: NC000425)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 193,384
Additions 46,476
At 31 March 2024 239,860
DEPRECIATION
At 1 April 2023 170,058
Charge for year 26,975
At 31 March 2024 197,033
NET BOOK VALUE
At 31 March 2024 42,827
At 31 March 2023 23,326

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 461,677 456,203
Other debtors 34,777 70,940
496,454 527,143

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 15,627 15,828
Trade creditors 300,894 35,123
Taxation and social security 56,997 84,035
Other creditors 315,970 575,907
689,488 710,893

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans 11,603 27,030