Registered number
OC430540
K9 Walkies Time LLP
Filleted Accounts
31 March 2025
K9 Walkies Time LLP
Registered number: OC430540
Balance Sheet
as at 31 March 2025
Notes 2025
£
Fixed assets
Tangible assets 3 7,232
Current assets
Cash at bank and in hand 4,284
Creditors: amounts falling due within one year 4 (409)
Net current assets 3,875
Total assets less current liabilities 11,107
Creditors: amounts falling due after more than one year 5 (4,533)
Net assets attributable to members 6,574
Represented by:
Loans and other debts due to members 6 (22,633)
Members' other interests
Other reserves 29,207
6,574
Total members' interests
Loans and other debts due to members 6 (22,633)
Members' other interests 29,207
6,574
For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 3 June 2025 and signed on their behalf by:
L Beaumont
Designated member
K9 Walkies Time LLP
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2025
Number
Average number of persons employed by the LLP 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 817 9,633 10,450
At 31 March 2025 817 9,633 10,450
Depreciation
At 1 April 2024 205 401 606
Charge for the year 203 2,409 2,612
At 31 March 2025 408 2,810 3,218
Net book value
At 31 March 2025 409 6,823 7,232
At 31 March 2024 612 9,232 9,844
4 Creditors: amounts falling due within one year 2025
£
Other creditors 409
5 Creditors: amounts falling due after one year 2025
£
Other creditors 4,533
6 Loans and other debts due to members 2025
£
Loans from members 3,500
Amounts due to members in respect of profits (26,133)
(22,633)
Amounts falling due within one year (22,633)
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
7 Other information
K9 Walkies Time LLP is a limited liability partnership incorporated in England. Its registered office is:
27 Modd Lane
Holmfirth
West Yorkshire
HD9 2JZ
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