KCB Investments LLP
Financial Statements
for the Year Ended 5 April 2025
Registration number: OC341958
KCB Investments LLP
Contents
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Members' Report |
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Financial Statements |
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Balance Sheet |
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Notes to the Financial Statements |
KCB Investments LLP
Members' Report for the Year Ended 5 April 2025
The members present their report and the unaudited financial statements for the year ended 5 April 2025.
Firm structure
The LLP is a limited liability partnership registered in England.
Designated members
The members who held office during the year were as follows:
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, as applied to limited liability partnerships.
Approved by the
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KCB Investments LLP
(Registration number: OC341958)
Balance Sheet as at 5 April 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
350,000 |
350,000 |
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Current assets |
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Debtors |
68,539 |
74,045 |
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Cash and short-term deposits |
343,711 |
384,282 |
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412,250 |
458,327 |
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Creditors: Amounts falling due within one year |
(300,907) |
(352,612) |
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Net current assets |
111,343 |
105,715 |
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Net assets attributable to members |
461,343 |
455,715 |
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Represented by: |
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Loans and other debts due to members |
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Members' capital classified as a liability |
80,000 |
80,000 |
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Members’ other interest |
381,343 |
375,715 |
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461,343 |
455,715 |
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Total members' interests |
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Loans and other debts due to members |
461,343 |
455,715 |
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461,343 |
455,715 |
KCB Investments LLP
(Registration number: OC341958)
Balance Sheet as at 5 April 2025
For the year ending 5 April 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.
These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.
The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.
The financial statements of KCB Investments LLP (registered number OC341958) were approved by the
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KCB Investments LLP
Notes to the Financial Statements for the Year Ended 5 April 2025
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
General information and basis of accounting
The limited liability partnership is incorporated in England under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of KCB Investments LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates.
Revenue recognition
Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.
Members' remuneration and division of profits
The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.
Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.
KCB Investments LLP
Notes to the Financial Statements for the Year Ended 5 April 2025
Taxation
The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.
Tangible fixed assets
Individual fixed assets are initially recorded at cost.
Trade debtors
Trade debtors are amounts due from tenants for rent charged in accordance with the terms of their leases.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised at the transaction price.
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Particulars of employees |
The average number of persons employed by the limited liability partnership during the year was
KCB Investments LLP
Notes to the Financial Statements for the Year Ended 5 April 2025
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Tangible fixed assets |
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Freehold land and buildings |
Total |
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Cost |
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At 6 April 2024 |
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At 5 April 2025 |
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Depreciation |
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At 5 April 2025 |
- |
- |
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Net book value |
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At 5 April 2025 |
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At 5 April 2024 |
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Debtors |
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2025 |
2024 |
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Trade debtors |
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Prepayments and accrued income |
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Total current trade and other debtors |
68,539 |
74,045 |
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Creditors: Amounts falling due within one year |
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2025 |
2024 |
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Loans |
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Trade creditors |
- |
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Other creditors |
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Accruals and deferred income |
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Taxation and social security |
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Control |
The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.