ACCOUNTS - Final Accounts preparation

Loans and other debts due to members

Company registration number: OC430525

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	KEIDAN HARRISON LLP


KEIDAN HARRISON LLP REGISTERED NUMBER:OC430525

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		17,089		21,549
			17,089		21,549
Current assets
Debtors: amounts falling due within one year	5	1,134,141		847,103
Cash at bank and in hand		429,216		397,195
		1,563,357		1,244,298
Creditors: Amounts Falling Due Within One Year	6	(739,633)		(374,736)
Net current assets			823,724		869,562
Total assets less current liabilities			840,813		891,111
Creditors: amounts falling due after more than one year	7		(6,160)		(16,514)
			834,653		874,597

Net assets			834,653		874,597

Represented by:
Loans and other debts due to members within one year
Members' capital classified as a liability		400,000	400,000
Other amounts	8	434,653	474,597
		834,653	874,597

		834,653	874,597

Total members' interests
Loans and other debts due to members	8	834,653	874,597
		834,653	874,597

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KEIDAN HARRISON LLP REGISTERED NUMBER:OC430525

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

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.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 9 October 2025.

................................................ L T Harrison	................................................ M Keidan
Designated member	Designated member

The notes on pages 3 to 6 form part of these financial statements.

Keidan Harrison 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.

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KEIDAN HARRISON LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Keidan Harrison LLP is a limited liability partnership incorporated in England and Wales (registration number: OC430525). The registered office and principal place of business address is 44 Southampton Buildings, London, England, WC2A 1AP.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

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.

2.3

Operating leases: the LLP as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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KEIDAN HARRISON LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.7

Pensions

Defined contribution pension plan

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the LLP in independently administered funds.

2.8

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 in accordance with a formula agreed between the LLP members. The division of profits are recognised as 'Members' remuneration charged as an expense in the Statement of comprehensive income.

2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Office equipment	-	20%
				Computer equipment	-	25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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KEIDAN HARRISON LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Employees

The average monthly number of employees, including directors, during the year was 13 (2024 -13).

4.	Tangible fixed assets

	Office equipment	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 April 2024	7,896	67,272	75,168
Additions	9,171	-	9,171
At 31 March 2025	17,067	67,272	84,339
Depreciation
At 1 April 2024	5,252	48,367	53,619
Charge for the year on owned assets	6,452	7,179	13,631
At 31 March 2025	11,704	55,546	67,250
Net book value
At 31 March 2025	5,363	11,726	17,089
At 31 March 2024	2,644	18,905	21,549

Debtors

					2025	2024
					£	£


Trade debtors	979,169	721,536
Other debtors	61,459	73,933
Prepayments and accrued income	93,513	51,634
	1,134,141	847,103

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KEIDAN HARRISON LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Other loans	60,008	10,098
Trade creditors	379,324	200,914
Other taxation and social security	144,598	91,289
Other creditors	5,263	5,593
Accruals and deferred income	150,440	66,842
	739,633	374,736

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Other loans	6,160	16,514
	6,160	16,514


Members' capital treated as debt	400,000	400,000
Other amounts due to members	434,653	474,597
	834,653	874,597

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

					2025	2024
					£	£


Falling due within one year	834,653	874,597
	834,653	874,597

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

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