Company No: OC425820 (England and Wales)

Contents

• Limited Liability Partnership Information
• Balance Sheet
• Notes to the Financial Statements

Designated members	David Greer
	Emily Kapoor
	Davina Katz

Registered office	21 Gloucester Place
	London
	W1U 8HR
	United Kingdom

Registered number

OC425820 (England and Wales)

Accountant	Kreston Reeves LLP
	37 St Margarets Street
	Canterbury
	Kent
	CT1 2TU

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	11,279		5,661
		11,279		5,661
Current assets
Debtors	4	261,277		445,609
Cash at bank and in hand	5	145,968		179,038
		407,245		624,647
Creditors: amounts falling due within one year	6	( 313,455)		( 243,280)
Net current assets		93,790		381,367
Total assets less current liabilities		105,069		387,028
Net assets attributable to members		105,069		387,028
Represented by
Loans and other debts due to members within one year
Other amounts	8	105,069		387,028
		105,069		387,028
Members' other interests
		0		0
		105,069		387,028
Total members' interests
Loans and other debts due to members		105,069		387,028
		105,069		387,028

Katz Partners LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

For the financial year ending 31 December 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Statement of Comprehensive Income has not been delivered.

Katz Partners LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

The financial statements of Katz Partners LLP (registered number: OC425820) were approved and authorised for issue by the Board of Directors on 07 August 2025. They were signed on its behalf by:

Davina Katz Designated member

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Katz Partners LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 21 Gloucester Place, London, W1U 8HR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the LLP will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the LLP and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The LLP operates a defined contribution scheme. The amount charged to the Statement of Comprehensive Income in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment	3 years straight line
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The LLP as lessee
Rentals under operating leases are charged to the profit or loss on a straight-line basis over the lease term.

Trade and other debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial
period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time,
whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in the Statement of comprehensive income.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the LLP during the year	8		7

3. Tangible assets

	Office equipment		Computer equipment		Total
	£		£		£
Cost
At 01 January 2024	2,324		21,194		23,518
Additions	0		10,453		10,453
At 31 December 2024	2,324		31,647		33,971
Accumulated depreciation
At 01 January 2024	1,837		16,020		17,857
Charge for the financial year	330		4,505		4,835
At 31 December 2024	2,167		20,525		22,692
Net book value
At 31 December 2024	157		11,122		11,279
At 31 December 2023	487		5,174		5,661

4. Debtors

	2024		2023
	£		£
Trade debtors	168,737		364,877
Amounts recoverable on contracts	14,073		1,509
Prepayments	76,167		76,923
Other debtors	2,300		2,300
	261,277		445,609

5. Cash and cash equivalents

	2024		2023
	£		£
Cash at bank and in hand	145,968		179,038

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	28,708		26,786
Accruals	23,463		19,284
Other taxation and social security	209,819		106,762
Other creditors	51,465		90,448
	313,455		243,280

7. Financial commitments

Commitments

At 31 December 2024 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2024		2023
	£		£
within one year	99,750		245,000

8. Loans and other debts due to members

	2024		2023
	£		£
Other amounts due to members	105,571		387,028

Loans and other debts due to members may be further analysed as follows:

	2024		2023
	£		£
Falling due within one year	105,571		387,028

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

9. Ultimate controlling party

The LLP is controlled by the Designated Member Davina Katz.