REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1st April 2023 to 30th September 2023 |
for |
K3 Family Partnership LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1st April 2023 to 30th September 2023 |
for |
K3 Family Partnership LLP |
K3 Family Partnership LLP (Registered number: OC415135) |
Contents of the Financial Statements |
for the Period 1st April 2023 to 30th September 2023 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
K3 Family Partnership LLP |
General Information |
for the Period 1st April 2023 to 30th September 2023 |
DESIGNATED MEMBERS: |
Mrs B K Kalsi |
A S Kalsi |
K3 Family Holdings Ltd |
Miss S K Kalsi |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Biz Hub Tees Valley |
Belasis Hall Technology Park |
Coxwold Way |
Billingham |
Co. Durham |
TS23 4EA |
K3 Family Partnership LLP (Registered number: OC415135) |
Balance Sheet |
30th September 2023 |
2023 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Cash at bank |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
5 |
( |
) |
( |
) |
NET ASSETS ATTRIBUTABLE TO MEMBERS | 2,384,305 | 2,635,966 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
7 |
- |
2,635,966 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 2,384,305 | - |
2,384,305 | 2,635,966 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 7 | - | 2,635,966 |
Members' other interests | 2,384,305 | - |
2,384,305 | 2,635,966 |
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. |
K3 Family Partnership LLP (Registered number: OC415135) |
Balance Sheet - continued |
30th September 2023 |
The financial statements were approved by the members of the LLP and authorised for issue on |
K3 Family Partnership LLP (Registered number: OC415135) |
Notes to the Financial Statements |
for the Period 1st April 2023 to 30th September 2023 |
1. | STATUTORY INFORMATION |
K3 Family Partnership LLP is registered in England and Wales. 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 |
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 |
Land and buildings | - |
Plant and machinery etc | - |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was NIL (2023 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1st April 2023 |
Additions |
Disposals | ( |
) | ( |
) |
Revaluations |
At 30th September 2023 |
DEPRECIATION |
Charge for period |
At 30th September 2023 |
NET BOOK VALUE |
At 30th September 2023 |
At 31st March 2023 |
K3 Family Partnership LLP (Registered number: OC415135) |
Notes to the Financial Statements - continued |
for the Period 1st April 2023 to 30th September 2023 |
4. | TANGIBLE FIXED ASSETS - continued |
Cost or valuation at 30th September 2023 is represented by: |
Land and |
buildings |
£ |
Valuation in 2018 | 673,550 |
Valuation in 2019 | 1,566,182 |
Valuation in 2020 | 37,000 |
Valuation in 2021 | 165,500 |
Valuation in 2022 | 1,029,500 |
Valuation in 2023 | 64,099 |
Valuation in 2024 | 98,893 |
Cost | 3,637,486 |
7,272,210 |
5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2023 |
£ | £ |
Other creditors |
6. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2023 |
£ | £ |
Mortgages | 4,910,101 | 5,536,765 |
7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Members rank ahead of other creditors in a liquidation. |