KINGS OAK KAP LLP - Filleted accounts

Registered number

OC429859

KINGS OAK KAP LLP

Filleted Accounts

31 December 2024

KINGS OAK KAP LLP
Registered number:		OC429859
Balance Sheet
as at 31 December 2024
Notes		2024		2023
£			£
Fixed assets
Investments	3	22,627		21,878
Current assets
Debtors	4	14,400		14,400
Cash at bank and in hand		742		1,125
		15,142		15,525

Creditors: amounts falling due within one year	5	(53,676)		(46,878)

Net current liabilities		(38,534)		(31,353)

Total assets less current liabilities		(15,907)		(9,475)



Net liabilities attributable to members		(15,907)		(9,475)

Represented by:

Members' other interests
Other reserves		(15,907)		(9,475)

		(15,907)		(9,475)

Total members' interests
Members' other interests		(15,907)		(9,475)

		(15,907)		(9,475)

For the year ended 31 December 2024 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 24 September 2025 and signed on their behalf by:


Kings Oak Holdings Ltd
Designated member

KINGS OAK KAP LLP
Notes to the Accounts
for the year ended 31 December 2024

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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	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		2024		2023
Number				Number

	Average number of persons employed by the LLP		0		0


3	Fixed asset investments

Other
investments
£
	Cost
	At 1 January 2024				21,878

	At 31 December 2024				22,627


4	Debtors		2024		2023
£				£

	Other debtors		14,400		14,400


5	Creditors: amounts falling due within one year		2024		2023
£				£

	Trade creditors		4,521		3,480
	Other taxes and social security costs		(657)		(450)
	Other creditors		49,812		43,848
			53,676		46,878


6	Other information

	KINGS OAK KAP LLP is a limited liability partnership incorporated in England. Its registered office is:
	52 High Street
	Harrow
	HA1 3LL