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Registration number: OC438142

KCH Private Micro LLP

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

KCH Private Micro LLP

Contents

Limited liability partnership information

1

Financial Statements

2 to 4

Balance Sheet

2

Notes to the Financial Statements

3

 

KCH Private Micro LLP

Limited liability partnership information

Designated members

Mr MN Brown

Dr C Curtis
 

Members

Dr CN Fhogartaigh

Mr JCW Youngs

Mr M Arias

Dr J Islam

Dr A Verma

Dr A Bapat

Dr AE Webb

Dr A S F Ramos
 

Registered office

Anglo House
Worcester Road
Stouport-On-Severn
England
DY13 9AW

Accountants

Perrigo Consultants Limited
Anglo House
Worcester Road
Stourport on Severn
DY13 9AW

 

KCH Private Micro LLP

(Registration number: OC438142)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Current assets

 

Debtors

3

8,664

9,698

Cash and short-term deposits

 

37,337

45,880

 

46,001

55,578

Creditors: Amounts falling due within one year

4

(2,943)

(1,813)

Net assets attributable to members

 

43,058

53,765

Represented by:

 

Members’ other interests

 

Other reserves

 

43,058

53,765

   

43,058

53,765

Total members' interests

 

Equity

 

43,058

53,765

   

43,058

53,765

For the year ending 31 December 2024 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 KCH Private Micro LLP (registered number OC438142) were approved by the Board and authorised for issue on 12 August 2025. They were signed on behalf of the limited liability partnership by:

.........................................
Mr MN Brown
Designated member

 

KCH Private Micro LLP

Notes to the Financial Statements for the Year Ended 31 December 2024

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 and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.

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 KCH Private Micro LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

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.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

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.

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.

 

KCH Private Micro LLP

Notes to the Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 1 (2023 - 1).

3

Debtors

2024
£

2023
£

Trade debtors

8,512

9,548

Other debtors

152

150

Total current trade and other debtors

8,664

9,698

4

Creditors: Amounts falling due within one year

2024
£

2023
£

Other creditors

2,943

1,813

5

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.