Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsesound recording and music production22truetruefalse OC373164 2023-04-01 2024-03-31 OC373164 2022-04-01 2023-03-31 OC373164 2024-03-31 OC373164 2023-03-31 OC373164 c:ComputerEquipment 2023-04-01 2024-03-31 OC373164 c:ComputerEquipment 2024-03-31 OC373164 c:ComputerEquipment 2023-03-31 OC373164 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC373164 c:CurrentFinancialInstruments 2024-03-31 OC373164 c:CurrentFinancialInstruments 2023-03-31 OC373164 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC373164 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC373164 c:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 OC373164 c:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 OC373164 d:FRS102 2023-04-01 2024-03-31 OC373164 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC373164 d:FullAccounts 2023-04-01 2024-03-31 OC373164 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC373164 2 2023-04-01 2024-03-31 OC373164 d:PartnerLLP1 2023-04-01 2024-03-31 OC373164 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC373164 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC373164 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC373164









KAMPALA LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
KAMPALA LLP
REGISTERED NUMBER: OC373164

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,221
1,593

  
1,221
1,593

Current assets
  

Debtors: amounts falling due within one year
 5 
4,846
215

Cash at bank and in hand
 6 
1,168
17,219

  
6,014
17,434

Creditors: Amounts Falling Due Within One Year
 7 
(2,499)
(2,500)

Net current assets
  
 
 
3,515
 
 
14,934

Total assets less current liabilities
  
4,736
16,527

  

Net assets
  
4,736
16,527


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 9 
4,736
16,527

  
4,736
16,527

  

  
4,736
16,527


Total members' interests
  

Loans and other debts due to members
 9 
4,736
16,527

  
4,736
16,527

Page 1

 
KAMPALA LLP
REGISTERED NUMBER: OC373164
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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.

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 by: 




................................................
K Rowland 
Designated member

Date: 20 November 2024

Page 2

 
KAMPALA LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Kampala LLP is a limited liablity partnership incorporated in England & Wales (company number OC373164). Its registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

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 finacial statements have been prepared in GBP, which is the functional and presentational currency of the company. The monetary amounts have been rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
KAMPALA LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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 .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

 
2.5

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.

Depreciation is provided on the following basis:

Computer equipment
-
20%

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.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
KAMPALA LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2023
1,860



At 31 March 2024

1,860



Depreciation


At 1 April 2023
267


Charge for the year on owned assets
372



At 31 March 2024

639



Net book value



At 31 March 2024
1,221



At 31 March 2023
1,593


5.


Debtors

2024
2023
£
£


Other debtors
4,847
215

4,847
215


Page 5

 
KAMPALA LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,168
17,219

1,168
17,219



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
(1)
-

Accruals and deferred income
2,500
2,500

2,499
2,500



8.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
1,168
1,168




Financial assets measured at fair value through profit or loss comprise...


9.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
4,736
16,527

4,736
16,527

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



 
Page 6