Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31true210trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-12-06falseNo description of principal activityfalse OC450196 2023-12-05 OC450196 2023-12-06 2025-03-31 OC450196 2023-04-01 2023-12-05 OC450196 2025-03-31 OC450196 c:Buildings c:LongLeaseholdAssets 2023-12-06 2025-03-31 OC450196 c:Buildings c:LongLeaseholdAssets 2025-03-31 OC450196 c:OfficeEquipment 2023-12-06 2025-03-31 OC450196 c:OfficeEquipment 2025-03-31 OC450196 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-12-06 2025-03-31 OC450196 c:OwnedOrFreeholdAssets 2023-12-06 2025-03-31 OC450196 c:CurrentFinancialInstruments 2025-03-31 OC450196 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC450196 d:FRS102 2023-12-06 2025-03-31 OC450196 d:AuditExempt-NoAccountantsReport 2023-12-06 2025-03-31 OC450196 d:FullAccounts 2023-12-06 2025-03-31 OC450196 d:LimitedLiabilityPartnershipLLP 2023-12-06 2025-03-31 OC450196 c:WithinOneYear 2025-03-31 OC450196 c:BetweenOneFiveYears 2025-03-31 OC450196 2 2023-12-06 2025-03-31 OC450196 d:PartnerLLP2 2023-12-06 2025-03-31 OC450196 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-03-31 OC450196 c:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 OC450196 e:PoundSterling 2023-12-06 2025-03-31 iso4217:GBP xbrli:pure
Registered number: OC450196









KUMON NORFOLK LLP

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2025

 
KUMON NORFOLK LLP
REGISTERED NUMBER: OC450196

BALANCE SHEET
AS AT 31 MARCH 2025

2025
Note
£

Fixed assets
  

Tangible assets
 4 
21,565

  
21,565

Current assets
  

Debtors: amounts falling due within one year
 5 
39,980

Cash at bank and in hand
  
19,002

  
58,982

Creditors: amounts falling due within one year
 6 
(41,447)

Net current assets
  
 
 
17,535

Total assets less current liabilities
  
39,100

  

Net assets
  
39,100


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
  
29,098

  
29,098

Members' other interests
  

Members' capital classified as equity
  
10,002

  
 
10,002

  
39,100


Total members' interests
  

Loans and other debts due to members
 7 
29,098

Members' other interests
  
10,002

  
39,100


Page 1

 
KUMON NORFOLK LLP
REGISTERED NUMBER: OC450196

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




Samantha Rudgley
Designated member

Date: 12 June 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
KUMON NORFOLK LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

1.


General information

Kumon Norfolk LLP is a Limited Liability Partnership incorporated in England within the United Kingdom.
The registered number is OC450196 and the address of the registered office is Anglia House 6 Central Avenue, St Andrews Business Park, Thorpe St Andrew, Norwich, Norfolk, United Kingdom, NR7 0HR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the LLP in independently administered funds.

Page 3

 
KUMON NORFOLK LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in The Statement of Profit and Loss.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property improvements
-
Over the term of the lease
Office and computer equipment
-
20/33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
KUMON NORFOLK LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.10

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.



3.


Employees

The average monthly number of employees, including members, during the period was 21.


4.


Tangible fixed assets





Leasehold property improvements
Office and computer equipment
Total

£
£
£



Cost


Additions
23,590
735
24,325



At 31 March 2025

23,590
735
24,325



Depreciation


Charge for the period on owned assets
2,265
495
2,760



At 31 March 2025

2,265
495
2,760



Net book value



At 31 March 2025
21,325
240
21,565

Page 5

 
KUMON NORFOLK LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

5.


Debtors

2025
£


Trade debtors
29,524

Other debtors
4,516

Prepayments and accrued income
5,940

39,980



6.


Creditors: Amounts falling due within one year

2025
£

Trade creditors
8,758

Other creditors
563

Accruals and deferred income
32,126

41,447



7.


Loans and other debts due to members


2025
£



Other amounts due to members
29,098

29,098

Loans and other debts due to members may be further analysed as follows:

2025
£



Falling due within one year
29,098

29,098

In the event of winding up, loans and other debts due to members will be repaid after the payment of all money due to the creditors of the LLP.

Page 6

 
KUMON NORFOLK LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

8.


Pension commitments

The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity  in an independently administered fund. The pension cost charge represents contributions payable by the entity  to the fund and amounted to £727 . Contributions totalling £129 were payable to the fund at the balance sheet date and are included in creditors.


9.


Commitments under operating leases

At 31 March 2025 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
£


Not later than 1 year
19,022

Later than 1 year and not later than 5 years
63,133

82,155


Page 7