REGISTERED NUMBER: OC342213 (England and Wales)

K G PROLET LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

K O'Keeffe

A G Hewitt

REGISTERED OFFICE:

5 Priorswood Place

East Pimbo

Skelmersdale

Lancashire

WN8 9QB

REGISTERED NUMBER:

OC342213 (England and Wales)

ACCOUNTANTS:

Rushtons

Chartered Accountants

Shorrock House

1 Faraday Court

Fulwood

Preston

Lancashire

PR2 9NB

FIXED ASSETS

Tangible assets

4

-

215,000

Investment property

5

215,000

-

215,000

215,000

CURRENT ASSETS

Debtors

4,598

4,564

Cash at bank and in hand

12,207

20,699

16,805

25,263

CREDITORS

Amounts falling due within one year

2,276

2,025

NET CURRENT ASSETS

14,529

23,238

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

229,529

238,238

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

144,529

153,238

MEMBERS' OTHER INTERESTS

Capital accounts

85,000

85,000

229,529

238,238

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

144,529

153,238

Members' other interests

85,000

85,000

229,529

238,238

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 5 April 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 and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 5 April 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 7 July 2025 and were signed by:

K O'Keeffe - Designated member

1.	STATUTORY INFORMATION

K G Prolet 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 6 April 2024

217,479

Reclassification/transfer

(215,000

)

At 5 April 2025

2,479

DEPRECIATION

At 6 April 2024

and 5 April 2025

2,479

NET BOOK VALUE

At 5 April 2025

-

At 5 April 2024

215,000

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Reclassification/transfer

215,000

At 5 April 2025

215,000

NET BOOK VALUE

At 5 April 2025

215,000

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.