IRIS Accounts Production v25.1.4.42 OC337568 designated member 1.4.24 31.3.25 31.3.25 0 0 false true false false true false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3375682024-03-31OC3375682025-03-31OC3375682024-04-012025-03-31OC3375682023-03-31OC3375682023-04-012024-03-31OC3375682024-03-31OC337568ns15:EnglandWales2024-04-012025-03-31OC337568ns14:PoundSterling2024-04-012025-03-31OC337568ns10:PartnerLLP12024-04-012025-03-31OC337568ns10:LimitedLiabilityPartnershipLLP2024-04-012025-03-31OC337568ns10:SmallEntities2024-04-012025-03-31OC337568ns10:AuditExemptWithAccountantsReport2024-04-012025-03-31OC337568ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-31OC337568ns10:LimitedLiabilityPartnershipsSORP2024-04-012025-03-31OC337568ns10:FullAccounts2024-04-012025-03-31OC337568ns10:PartnerLLP22024-04-012025-03-31OC337568ns10:RegisteredOffice2024-04-012025-03-31OC337568ns5:CurrentFinancialInstruments2025-03-31OC337568ns5:CurrentFinancialInstruments2024-03-31OC337568ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-31OC337568ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31
REGISTERED NUMBER: OC337568 (England and Wales)











REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

A K N (SUSSEX) LLP

A K N (SUSSEX) LLP (REGISTERED NUMBER: OC337568)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

General Information 1

Report of the Members 2

Report of the Accountants 3

Income Statement 4

Balance Sheet 5

Reconciliation of Members' Interests 6

Notes to the Financial Statements 8


A K N (SUSSEX) LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DESIGNATED MEMBERS: First Charterhouse Enterprises Limited
First Charterhouse Investments Limited





REGISTERED OFFICE: 15 West Street
Brighton
East Sussex
BN1 2RL





REGISTERED NUMBER: OC337568 (England and Wales)





ACCOUNTANTS: Galloways Accounting Limited
15 West Street
Brighton
East Sussex
BN1 2RL

A K N (SUSSEX) LLP (REGISTERED NUMBER: OC337568)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MARCH 2025


The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of property development.

DESIGNATED MEMBERS
The designated members during the year under review were:

First Charterhouse Enterprises Limited
First Charterhouse Investments Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £54,708 (2024 - £25,950 profit).

MEMBERS' INTERESTS
The members capital contributions and any capital repayments, including drawings, are determined by the designated members having regards to the working capital requirements of the business.

ON BEHALF OF THE MEMBERS:





First Charterhouse Enterprises Limited - Designated member


9 June 2025

A K N (SUSSEX) LLP

REPORT OF THE ACCOUNTANTS TO THE MEMBERS OF
A K N (SUSSEX) LLP



In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of A K N (Sussex) LLP for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a professional firm regulated by the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of A K N (Sussex) LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A K N (Sussex) LLP and state those matters that we have agreed to state to the members of A K N (Sussex) LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A K N (Sussex) LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that A K N (Sussex) LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of A K N (Sussex) LLP. You consider that A K N (Sussex) LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A K N (Sussex) LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Galloways Accounting Limited
15 West Street
Brighton
East Sussex
BN1 2RL


Date: .............................................

A K N (SUSSEX) LLP (REGISTERED NUMBER: OC337568)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
£    £   

TURNOVER - -

Administrative expenses (15,309 ) (31,316 )
(15,309 ) (31,316 )

Other operating income 70,017 57,266
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS



54,708



25,950

A K N (SUSSEX) LLP (REGISTERED NUMBER: OC337568)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £   
CURRENT ASSETS
Stocks 4 510,716 509,490
Debtors 5 53,777 53,693
Cash at bank 28,928 28,090
593,421 591,273
CREDITORS
Amounts falling due within one year 6 (6,408 ) (6,468 )
NET CURRENT ASSETS 587,013 584,805
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 587,013 584,805

LOANS AND OTHER DEBTS DUE TO MEMBERS 7 587,013 584,805

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 587,013 584,805

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

The financial statements were approved by the members of the LLP and authorised for issue on 9 June 2025 and were signed by:





First Charterhouse Enterprises Limited - Designated member

A K N (SUSSEX) LLP (REGISTERED NUMBER: OC337568)

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2025


EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members 584,805
Amount due from members -
Balance at 1 April 2024 - 584,805 584,805
Profit for the financial year available for
discretionary division among members

54,708

-

54,708

Members' interests after profit for the year 54,708 584,805 639,513
Other divisions of profit (54,708 ) 54,708 -
Drawings on account and distributions of
profit

-

(52,500

)

(52,500

)

Amount due to members 587,013
Amount due from members -
Balance at 31 March 2025 - 587,013 587,013

A K N (SUSSEX) LLP (REGISTERED NUMBER: OC337568)

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2025

EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members 748,854
Amount due from members -
Balance at 1 April 2023 - 748,854 748,854
Profit for the financial year available for
discretionary division among members

25,950

-

25,950

Members' interests after profit for the year 25,950 748,854 774,804
Other divisions of profit (25,950 ) 25,950 -
Drawings on account and distributions of
profit

-

(189,999

)

(189,999

)

Amount due to members 584,805
Amount due from members -
Balance at 31 March 2024 - 584,805 584,805

A K N (SUSSEX) LLP (REGISTERED NUMBER: OC337568)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

A K N (Sussex) LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4. STOCKS
2025 2024
£    £   
Stocks 510,716 509,490

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 3,819 2,192
Other debtors 49,958 51,501
53,777 53,693

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other creditors 6,408 6,468

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members represent allocated profits not yet paid to members and are due within one year. In the event of a winding up, loans and other debts due to members rank equally within unsecured debts, and no additional protection is afforded to creditors.

No restrictions exist on the ability of the members to reduce the amount of Members' other interests.