Kendon Developments LLP - Filleted accounts

Registered number

OC433574

Kendon Developments LLP

Filleted Accounts

31 March 2025

Kendon Developments LLP
Registered number:		OC433574
Balance Sheet
as at 31 March 2025
Notes		2025		2024
£			£
Fixed assets
Tangible assets	3	2,224,454		1,972,448
Current assets
Debtors	4	5,002		20
Cash at bank and in hand		13,408		923
		18,410		943

Creditors: amounts falling due within one year	5	(406,308)		(1,918,373)

Net current liabilities		(387,898)		(1,917,430)

Total assets less current liabilities		1,836,556		55,018

Creditors: amounts falling due after more than one year	6	(1,535,270)		-


Net assets attributable to members		301,286		55,018

Represented by:
Loans and other debts due to members	7	325,957		72,959

Members' other interests
Members' capital classified as equity		3		3
Other reserves		(24,674)		(17,944)
		(24,671)		(17,941)

		301,286		55,018

Total members' interests
Loans and other debts due to members	7	325,957		72,959
Members' other interests		(24,671)		(17,941)

		301,286		55,018

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 21 August 2025 and signed on their behalf by:


Billy Kenneally
Designated member

Kendon Developments 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 and assets for development, 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 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	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		2024
Number					Number

	Average number of persons employed by the LLP			0		0


3	Tangible fixed assets
		Land and buildings		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	1,961,047		20,729		1,981,776
	Additions	256,152		-		256,152
	At 31 March 2025	2,217,199		20,729		2,237,928

	Depreciation
	At 1 April 2024	-		9,328		9,328
	Charge for the year	-		4,146		4,146
	At 31 March 2025	-		13,474		13,474

	Net book value
	At 31 March 2025	2,217,199		7,255		2,224,454
	At 31 March 2024	1,961,047		11,401		1,972,448






4	Debtors			2025		2024
£					£

	Other debtors			5,002		20



5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			85,993		1,745,140
	Amounts owed by undertakings in which the members have a participating interest			319,315		172,433
	Other creditors			1,000		800
				406,308		1,918,373


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			1,535,270		-


7	Loans and other debts due to members			2025		2024
£					£

	Loans from members			325,957		72,959

	Amounts falling due within one year			325,957		72,959

	Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.


8	Other information

	Kendon Developments LLP is a limited liability partnership incorporated in England. Its registered office is:
	930 Garratt Lane,
	London,
	SW17 0ND