KCB Investments LLP OC341958 false 2024-04-06 2025-04-05 2025-04-05 The principal activity of the company is the management and rental of investment property. Digita Accounts Production Advanced 6.30.9574.0 true OC341958 2024-04-06 2025-04-05 OC341958 2025-04-05 OC341958 core:WithinOneYear 2025-04-05 OC341958 core:LandBuildings core:OwnedOrFreeholdAssets 2025-04-05 OC341958 bus:SmallEntities 2024-04-06 2025-04-05 OC341958 bus:AuditExemptWithAccountantsReport 2024-04-06 2025-04-05 OC341958 bus:FilletedAccounts 2024-04-06 2025-04-05 OC341958 bus:SmallCompaniesRegimeForAccounts 2024-04-06 2025-04-05 OC341958 bus:PartnerLLP1 2024-04-06 2025-04-05 OC341958 bus:PartnerLLP3 2024-04-06 2025-04-05 OC341958 bus:PartnerLLP4 2024-04-06 2025-04-05 OC341958 bus:LimitedLiabilityPartnershipLLP 2024-04-06 2025-04-05 OC341958 countries:AllCountries 2024-04-06 2025-04-05 OC341958 2024-04-05 OC341958 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-05 OC341958 2023-04-06 2024-04-05 OC341958 2024-04-05 OC341958 core:WithinOneYear 2024-04-05 OC341958 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-05 xbrli:pure iso4217:GBP

KCB Investments LLP

Financial Statements

for the Year Ended 5 April 2025

Registration number: OC341958

 

KCB Investments LLP

Contents

Members' Report

1

Financial Statements

2 to 6

Balance Sheet

2

Notes to the Financial Statements

4

 

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:

A Mazza

C M Tutt

K B Tutt

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 Board on 7 June 2025 and signed on its behalf by:

.........................................
K B Tutt
Designated member

 

KCB Investments LLP

(Registration number: OC341958)
Balance Sheet as at 5 April 2025

Note

2025
 £

2024
 £

Fixed assets

 

Tangible assets

3

350,000

350,000

Current assets

 

Debtors

68,539

74,045

Cash and short-term deposits

 

343,711

384,282

 

412,250

458,327

Creditors: Amounts falling due within one year

5

(300,907)

(352,612)

Net current assets

 

111,343

105,715

Net assets attributable to members

 

461,343

455,715

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

80,000

80,000

Members’ other interest

 

381,343

375,715

   

461,343

455,715

Total members' interests

 

Loans and other debts due to members

 

461,343

455,715

   

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 Board and authorised for issue on 7 June 2025. They were signed on behalf of the limited liability partnership by:

.........................................
K B Tutt
Designated member

 

KCB Investments LLP

Notes to the Financial Statements for the Year Ended 5 April 2025

1

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.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 3 (2024 - 3).

 

KCB Investments LLP

Notes to the Financial Statements for the Year Ended 5 April 2025

3

Tangible fixed assets

Freehold land and buildings
£

Total
£

Cost

At 6 April 2024

350,000

350,000

At 5 April 2025

350,000

350,000

Depreciation

At 5 April 2025

-

-

Net book value

At 5 April 2025

350,000

350,000

At 5 April 2024

350,000

350,000

4

Debtors

2025
£

2024
£

Trade debtors

67,708

71,908

Prepayments and accrued income

831

2,137

Total current trade and other debtors

68,539

74,045

5

Creditors: Amounts falling due within one year

2025
£

2024
£

Loans

216,300

214,200

Trade creditors

-

14,175

Other creditors

201

201

Accruals and deferred income

71,053

106,369

Taxation and social security

13,353

17,667

300,907

352,612

6

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.