Registered number
OC442407
KAN LEGAL & BUSINESS CONSULTANCY LLP
Filleted Accounts
31 March 2025
KAN LEGAL & BUSINESS CONSULTANCY LLP
Registered number: OC442407
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Current assets
Debtors 3 713 -
Cash at bank and in hand 28,643 6,656
29,356 6,656
Creditors: amounts falling due within one year 4 - 70
Net current assets 29,356 6,726
Total assets less current liabilities 29,356 6,726
Creditors: amounts falling due after more than one year 5 (15,760) (1,400)
Net assets attributable to members 13,596 5,326
Represented by:
Loans and other debts due to members 6 13,596 5,095
Members' other interests
Other reserves 231
13,596 5,326
Total members' interests
Loans and other debts due to members 6 13,596 5,095
Members' other interests - 231
13,596 5,326
For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to 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.
The 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.
These accounts were approved by the members on 4 June 2025 and signed on their behalf by:
Mr Okan Gezgen
Designated member
KAN LEGAL & BUSINESS CONSULTANCY LLP
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
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.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the LLP 0 0
3 Debtors 2025 2024
£ £
Trade debtors 713 -
4 Creditors: amounts falling due within one year 2025 2024
£ £
Other creditors - (70)
5 Creditors: amounts falling due after one year 2025 2024
£ £
Trade creditors 15,760 1,400
6 Loans and other debts due to members 2025 2024
£ £
Amounts due to members in respect of profits - 5,095
Amounts falling due within one year - 5,095
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
7 Other information
KAN LEGAL & BUSINESS CONSULTANCY LLP is a limited liability partnership incorporated in England. Its registered office is:
30c Great Sutton Street
London
EC1V 0DU
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