Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truefalse2023-05-01falseNo description of principal activity019trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC305406 2023-05-01 2024-03-31 OC305406 2022-05-01 2023-04-30 OC305406 2024-03-31 OC305406 2023-04-30 OC305406 c:MotorVehicles 2023-05-01 2024-03-31 OC305406 c:MotorVehicles 2024-03-31 OC305406 c:MotorVehicles 2023-04-30 OC305406 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-05-01 2024-03-31 OC305406 c:OfficeEquipment 2023-05-01 2024-03-31 OC305406 c:OfficeEquipment 2024-03-31 OC305406 c:OfficeEquipment 2023-04-30 OC305406 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-05-01 2024-03-31 OC305406 c:OwnedOrFreeholdAssets 2023-05-01 2024-03-31 OC305406 c:CurrentFinancialInstruments 2024-03-31 OC305406 c:CurrentFinancialInstruments 2023-04-30 OC305406 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC305406 c:CurrentFinancialInstruments c:WithinOneYear 2023-04-30 OC305406 d:FRS102 2023-05-01 2024-03-31 OC305406 d:AuditExempt-NoAccountantsReport 2023-05-01 2024-03-31 OC305406 d:FullAccounts 2023-05-01 2024-03-31 OC305406 d:LimitedLiabilityPartnershipLLP 2023-05-01 2024-03-31 OC305406 c:WithinOneYear 2024-03-31 OC305406 c:WithinOneYear 2023-04-30 OC305406 6 2023-05-01 2024-03-31 OC305406 d:PartnerLLP1 2023-05-01 2024-03-31 OC305406 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC305406 c:FurtherSpecificReserve3ComponentTotalEquity 2023-04-30 OC305406 e:PoundSterling 2023-05-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC305406









KITCHEN LA FRENAIS MORGAN LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
KITCHEN LA FRENAIS MORGAN LLP
REGISTERED NUMBER: OC305406

BALANCE SHEET
AS AT 31 MARCH 2024

31 March
30 April
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
171,475
273,066

Investments
 5 
100
100

  
171,575
273,166

Current assets
  

Debtors: amounts falling due within one year
 6 
1,693,393
777,110

Cash at bank and in hand
  
1,203,016
1,620,840

  
2,896,409
2,397,950

Creditors: Amounts Falling Due Within One Year
 7 
(527,857)
(304,644)

Net current assets
  
 
 
2,368,552
 
 
2,093,306

Total assets less current liabilities
  
2,540,127
2,366,472

  

Net assets
  
2,540,127
2,366,472


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
2,540,127
2,366,472

  
2,540,127
2,366,472

  

  
2,540,127
2,366,472


Total members' interests
  

Loans and other debts due to members
 8 
2,540,127
2,366,472

  
2,540,127
2,366,472


The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.
Page 1

 
KITCHEN LA FRENAIS MORGAN LLP
REGISTERED NUMBER: OC305406
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 20 November 2024.




................................................
W Thomas
Designated member

The notes on pages 4 to 9 form part of these financial statements.

Kitchen La Frenais Morgan LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

Page 2

 
KITCHEN LA FRENAIS MORGAN LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE PERIOD ENDED 31 MARCH 2024




Equity
Members' other interests
Debt
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Other reserves
Other amounts
Total

£
£
£

Amounts due to members 

2,774,490


Balance at 1 May 2022 
-
2,774,490
2,774,490

Profit for the period available for discretionary division among members
 
2,056,418
-
2,056,418

Members' interests after profit for the period
2,056,418
2,774,490
4,830,908

Other division of profits
(2,056,418)
2,056,418
-

Drawings on account and distribution of profit
 
-
(2,464,436)
(2,464,436)

Amounts due to members
 

2,366,472


Balance at 30 April 2023
-
2,366,472
2,366,472

Profit for the period available for discretionary division among members
 
2,498,080
-
2,498,080

Members' interests after profit for the period
2,498,080
2,366,472
4,864,552

Other division of profits
(2,498,080)
2,498,080
-

Drawings on account and distribution of profit
 
-
(2,324,425)
(2,324,425)

Amounts due to members
 

2,540,127


Balance at 31 March 2024 
-
2,540,127
2,540,127

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

 
KITCHEN LA FRENAIS MORGAN LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Kitchen La Frenais Morgan is a partnership incorporated in the United Kingdom under the Limited Liability Partnership Act. It is a limited liability partnership and is registered in England and Wales. The address of the registered office is shown on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
KITCHEN LA FRENAIS MORGAN LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the LLP as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Pensions

Defined contribution pension plan

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the LLP in independently administered funds.

Page 5

 
KITCHEN LA FRENAIS MORGAN LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Motor vehicles
-
4
years - straight line
Office equipment
-
3
years - straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted LLP shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.


3.


Employees

The average monthly number of employees, including directors, during the period was 0 (2023 - 19).

Page 6

 
KITCHEN LA FRENAIS MORGAN LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Tangible fixed assets







Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
427,419
260,425
687,844


Additions
4,700
999
5,699


Disposals
-
(1,007)
(1,007)



At 31 March 2024

432,119
260,417
692,536



Depreciation


At 1 May 2023
158,142
256,636
414,778


Charge for the period on owned assets
104,280
2,674
106,954


Disposals
-
(671)
(671)



At 31 March 2024

262,422
258,639
521,061



Net book value



At 31 March 2024
169,697
1,778
171,475



At 30 April 2023
269,277
3,789
273,066


5.


Fixed asset investments








Unlisted investments

£



Cost or valuation


At 1 May 2023
100



At 31 March 2024
100




Page 7

 
KITCHEN LA FRENAIS MORGAN LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Debtors

31 March
30 April
2024
2023
£
£


Trade debtors
1,634,647
717,269

Other debtors
28,774
27,200

Prepayments and accrued income
29,972
32,641

1,693,393
777,110



7.


Creditors: Amounts falling due within one year

31 March
30 April
2024
2023
£
£

Trade creditors
160,188
93,816

Other taxation and social security
352,805
93,202

Other creditors
9,764
112,526

Accruals and deferred income
5,100
5,100

527,857
304,644


Page 8

 
KITCHEN LA FRENAIS MORGAN LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

8.


Loans and other debts due to members


31 March
30 April
2024
2023
£
£



Other amounts due to members
2,540,127
2,366,472

2,540,127
2,366,472

Loans and other debts due to members may be further analysed as follows:

31 March
30 April
2024
2023
£
£



Falling due within one year
2,540,127
2,366,472

2,540,127
2,366,472

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.


9.


Pension commitments

The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity in an independently administered fund. The pension cost charge represents contributions payable by the entity to the fund and amounted to £14,060 (2023 - £15,692). Contributions totalling £3,698 (2023 - £0) were payable to the fund at the balance sheet date and are included in creditors.


10.


Commitments under operating leases

At 31 March 2024 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

31 March
30 April
2024
2023
£
£


Not later than 1 year
-
158,000

-
158,000

 
Page 9