Registered number
OC389322
KEY BUSINESS CONSULTANTS LLP
Unaudited Filleted Accounts
31 March 2025

KEY BUSINESS CONSULTANTS LLP
LLP Information
Designated members
Mr G Green
KBC REGAD LTD (Resigned 10 October 2024)
Mrs R Green (Appointed 10 October 2024)
Accountants
Key Business Consultants LLP
13 Whitchurch Lane
Edgware
HA8 6JZ
Registered office
13 Whitchurch Lane
Edgware
HA8 6JZ
Registered number
OC389322

KEY BUSINESS CONSULTANTS LLP
Chartered Accountants' report to the members on the preparation of the unaudited statutory accounts of KEY BUSINESS CONSULTANTS LLP for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006 (as applied by the LLP regulations), we have prepared for your approval the accounts of KEY BUSINESS CONSULTANTS LLP for the year ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the LLP’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Key Business Consultants LLP
Chartered Accountants
13 Whitchurch Lane
Edgware
HA8 6JZ
7 October 2025

KEY BUSINESS CONSULTANTS LLP
Registered number: | OC389322
Balance Sheet
as at 31 March 2025
Notes |  | 2025 |  | 2024
£ | £
Fixed assets
Intangible assets | 3 |  | 66,402 |  | 140,765
Tangible assets | 4 |  | 18,800 |  | 15,427
|  |  | 85,202 |  | 156,192
Current assets |  |  |  |  |
Debtors | 5 |  | 636,310 |  | 614,424
Cash at bank and in hand |  |  | 101,468 |  | 130,174
|  |  | 737,778 |  | 744,598
Creditors: amounts falling due within one year | 6 |  | (243,500) |  | (269,173)
Net current assets |  |  | 494,278 |  | 475,425
Total assets less current liabilities |  |  | 579,480 |  | 631,617
Creditors: amounts falling due after more than one year | 7 |  | (531,367) |  | (553,810)
Provisions for liabilities |  |  | (43,185) |  | (50,315)
Net assets attributable to members | 4,928 |  | 27,492
Represented by:
Loans and other debts due to members | 9 |  | 4,928 |  | 27,492
|  |  | 4,928 |  | 27,492
Total members' interests
Loans and other debts due to members | 9 |  | 4,928 |  | 27,492
|  |  | 4,928 |  | 27,492
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 7 October 2025 and signed on their behalf by:
Mr G Green
Designated member

KEY BUSINESS CONSULTANTS 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.
| 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:
| Plant and machinery | 15 - 25% reducing balance
| Fixtures, fittings, tools and equipment | 15 - 25% reducing balance
| 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.
1 | Accounting policies (cont.)
| 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.
| Foreign currency translation
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
| Leased assets
| A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the LLP's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
| Pensions
| Contributions to defined contribution plans are expensed in the period to which they relate.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the LLP | 15 |  | 15
3 | Intangible fixed assets | £
| Practice acquisition
| Cost
| At 1 April 2024 | 280,000
| At 31 March 2025 | 280,000
| Amortisation
| At 1 April 2024 | 139,235
| Provided during the year | 74,363
| At 31 March 2025 | 213,598
| Net book value
| At 31 March 2025 | 66,402
| At 31 March 2024 | 140,765
| Goodwill is being written off in equal annual instalments over its estimated economic life of 3 years.
4 | Tangible fixed assets
|  |  |  |  |  |  |  | Plant and machinery etc
£
| Cost
| At 1 April 2024 | 41,477
| Additions | 8,601
| At 31 March 2025 | 50,078
| Depreciation
| At 1 April 2024 | 26,050
| Charge for the year | 5,228
| At 31 March 2025 | 31,278
| Net book value
| At 31 March 2025 | 18,800
| At 31 March 2024 | 15,427
5 | Debtors | 2025 |  | 2024
£ | £
| Trade debtors | 249,254 |  | 299,868
| Other debtors | 387,056 |  | 314,556
|  |  |  |  |  | 636,310 |  | 614,424
6 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Bank loans and overdrafts | 27,000 |  | 27,000
| Trade creditors | 156,784 |  | 192,730
| Other taxes and social security costs | 59,716 |  | 49,149
| Other creditors | - |  | 294
|  |  |  |  |  | 243,500 |  | 269,173
7 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loans | 228,374 |  | 254,817
| Other creditors | 302,993 |  | 298,993
|  |  |  |  |  | 531,367 |  | 553,810
8 | Loans | 2025 |  | 2024
£ | £
| Creditors include:
| Instalments falling due for payment after more than five years | 110,547 |  | 137,512
|  |  |  |  |  | 110,547 |  | 137,512
9 | Loans and other debts due to members | 2025 |  | 2024
£ | £
| Amounts due to members in respect of profits | 4,928 |  | 27,492
| Amounts falling due within one year | 4,928 |  | 27,492
| Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
10 | Controlling party
| Throughout the year, the partnership was under the control of Mr G Green.
11 | Other information
| KEY BUSINESS CONSULTANTS LLP is a limited liability partnership incorporated in England. Its registered office is:
| 13 Whitchurch Lane
| Edgware
| HA8 6JZ

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