Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC380214 Mr Justin Dewinter Mrs Amanda Collins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC380214 2023-03-31 OC380214 2024-03-31 OC380214 2023-04-01 2024-03-31 OC380214 frs-core:CurrentFinancialInstruments 2024-03-31 OC380214 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 OC380214 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC380214 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 OC380214 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC380214 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC380214 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC380214 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC380214 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC380214 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC380214 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC380214 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC380214 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC380214 2022-03-31 OC380214 2023-03-31 OC380214 2022-04-01 2023-03-31 OC380214 frs-core:CurrentFinancialInstruments 2023-03-31
Registered number: OC380214
Konig Investments LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Kalculus
Chartered Accountants, Registered Auditors & Business Advisors
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC380214
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,437,425 1,437,425
1,437,425 1,437,425
CURRENT ASSETS
Debtors 5 65,000 -
Cash at bank and in hand 22,608 68,994
87,608 68,994
Creditors: Amounts Falling Due Within One Year 6 (266,566 ) (342,551 )
NET CURRENT ASSETS (LIABILITIES) (178,958 ) (273,557 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,258,467 1,163,868
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,258,467 1,163,868
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 230,471 230,471
230,471 230,471
Equity
Members' other interests
Members' capital 759,132 759,132
Other reserves 268,864 174,265
1,027,996 933,397
1,258,467 1,163,868
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 230,471 230,471
Members' other interests 1,027,996 933,397
1,258,467 1,163,868
Page 1
Page 2
For the year ending 31 March 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 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mr Justin Dewinter
Designated Member
21 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Konig Investments LLP is a limited liability partnership, incorporated in England & Wales, registered number OC380214 . The Registered Office is Rose Cottage Annex, Church End Hendon, London, NW4 4JT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Nil
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 April 2023 1,437,425
As at 31 March 2024 1,437,425
Net Book Value
As at 31 March 2024 1,437,425
As at 1 April 2023 1,437,425
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 65,000 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Other creditors 265,666 342,550
Accruals and deferred income 900 -
266,566 342,551
Page 4