Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 OC416671 Mr Lionel Thipthorpe Miss Kerry James iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC416671 2024-03-31 OC416671 2025-03-31 OC416671 2024-04-01 2025-03-31 OC416671 frs-core:Non-currentFinancialInstruments 2025-03-31 OC416671 frs-core:ComputerEquipment 2025-03-31 OC416671 frs-core:ComputerEquipment 2024-04-01 2025-03-31 OC416671 frs-core:ComputerEquipment 2024-03-31 OC416671 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 OC416671 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC416671 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 OC416671 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC416671 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC416671 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 OC416671 frs-bus:SmallEntities 2024-04-01 2025-03-31 OC416671 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC416671 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC416671 frs-countries:EnglandWales 2024-04-01 2025-03-31 OC416671 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 OC416671 frs-bus:PartnerLLP2 2024-04-01 2025-03-31 OC416671 2023-03-31 OC416671 2024-03-31 OC416671 2023-04-01 2024-03-31 OC416671 frs-core:Non-currentFinancialInstruments 2024-03-31
Registered number: OC416671
Kenreg LLP
Unaudited Financial Statements
For The Year Ended 31 March 2025
AMA Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC416671
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,550,992 2,716,323
2,550,992 2,716,323
CURRENT ASSETS
Cash at bank and in hand 43,476 44,147
43,476 44,147
Creditors: Amounts Falling Due Within One Year 5 (12,775 ) (15,441 )
NET CURRENT ASSETS (LIABILITIES) 30,701 28,706
TOTAL ASSETS LESS CURRENT LIABILITIES 2,581,693 2,745,029
Creditors: Amounts Falling Due After More Than One Year 6 (1,580,769 ) (1,839,202 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,000,924 905,827
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 286,615 191,518
286,615 191,518
Equity
Members' other interests
Revaluation reserve 904,500 904,500
Other reserves (190,191) (190,191)
714,309 714,309
1,000,924 905,827
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 286,615 191,518
Members' other interests 714,309 714,309
1,000,924 905,827
Page 1
Page 2
For the year ending 31 March 2025 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 Lionel Thipthorpe
Designated Member
29th May 2025
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
Kenreg LLP is a limited liability partnership, incorporated in England & Wales, registered number OC416671 . The Registered Office is 22 Bond Road, Bitterne Park, Southampton, Hampshire, SO18 1LP.
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:
Computer Equipment 25% Straight Line
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 2,715,000 1,323 2,716,323
Disposals (165,000 ) - (165,000 )
As at 31 March 2025 2,550,000 1,323 2,551,323
Depreciation
As at 1 April 2024 - - -
Provided during the period - 331 331
As at 31 March 2025 - 331 331
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2025 2,550,000 992 2,550,992
As at 1 April 2024 2,715,000 1,323 2,716,323
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 12,775 15,441
6. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 892,500 1,041,000
Other creditors 688,269 798,202
1,580,769 1,839,202
Page 4