Registered No. OC381489 (England and Wales)
Kinmonth Estate LLP
Unaudited accounts
for the year ended 31 March 2024
Kinmonth Estate LLP
LLP Information
for the year ended 31 March 2024
Designated members
Morgan Absolute Return Limited
David Richard Paul Morgan
Registered Number
OC381489 (England and Wales)
Kinmonth Estate LLP
Statement of financial position
as at 31 March 2024
Tangible assets
3,510,600
4,121,303
Cash at bank and in hand
611
4,454
Creditors: amounts falling due within one year
(1,170)
64
Net current (liabilities)/assets
(559)
20,349
Net assets attributable to members
3,510,041
4,141,652
Loans and other debts due to members
81,226
82,749
Members' capital classified as equity
4,969,527
5,581,256
Other reserves
(1,540,712)
(1,522,353)
Loans and other debts due to members
81,226
82,749
Members' other interests
3,428,815
4,058,903
For the year ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) 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 and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 27 November 2024.
David Richard Paul Morgan
Designated member
Limited Liability Partnership Registration No. OC381489
Kinmonth Estate LLP
Notes to the Accounts
for the year ended 31 March 2024
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Kinmonth Estate LLP is a limited liability partnership, incorporated in England and Wales, registration number OC381489.
3
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
4,115,303
49,000
4,164,303
At 31 March 2024
4,115,303
49,000
4,164,303
At 1 April 2023
-
43,000
43,000
Charge for the year
615,303
-
615,303
Surplus on revaluation
-
(4,600)
(4,600)
At 31 March 2024
615,303
38,400
653,703
At 31 March 2024
3,500,000
10,600
3,510,600
At 31 March 2023
4,115,303
6,000
4,121,303
4
Creditors: amounts falling due within one year
2024
2023
Taxes and social security costs
470
(764)
5
Loans and other debts due to members
2024
2023
Loans from members
81,226
82,749
Amounts falling due within one year
81,226
82,749
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
Kinmonth Estate LLP
Notes to the Accounts
for the year ended 31 March 2024
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).