Company No: OC377131 (England and Wales)

Contents

• Limited Liability Partnership Information
• Balance Sheet
• Reconciliation of Members' Interests
• Notes to the Financial Statements

Designated members	T Arrowsmith
	M Estill
	J E Hacking
	F Haughian
	J Skelton

Registered office	90 Bartholomew Close
	London
	United Kingdom
	EC1A 7BN
	United Kingdom

Registered number

OC377131 (England and Wales)

Accountant	Kreston Reeves LLP
	2nd Floor
	168 Shoreditch High Street
	London
	E1 6RA

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	147,515		15,304
		147,515		15,304
Current assets
Debtors	5	2,434,028		1,987,853
Cash at bank and in hand	6	729,451		446,951
		3,163,479		2,434,804
Creditors: amounts falling due within one year	7	( 839,044)		( 629,863)
Net current assets		2,324,435		1,804,941
Total assets less current liabilities		2,471,950		1,820,245
Provision for liabilities	8	( 121,750)		0
Net assets attributable to members		2,350,200		1,820,245
Represented by
Loans and other debts due to members within one year
Members' capital classified as a liability	10	470,000		470,000
Other amounts		1,880,200		1,350,245
		2,350,200		1,820,245
Members' other interests
		0		0
		2,350,200		1,820,245
Total members' interests
Loans and other debts due to members		2,350,200		1,820,245
		2,350,200		1,820,245

For the financial year ending 31 March 2025 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 Profit and Loss Account has not been delivered.

The financial statements of Kindleworth LLP (registered number: OC377131) were approved and authorised for issue by the Board of Directors on 12 November 2025. They were signed on its behalf by:

J Skelton Designated member

	DEBT Loans and other debts due to members less any amounts due from members in debtors			Total members' interests
	Members' capital (classified as debt)	Other amounts	Total	Total
	£	£	£	£
Amounts due to members	311,045	736,108	1,047,153
Balance at 01 April 2023	311,045	736,108	1,047,153	1,047,153
Members' remuneration charged as an expense, including employment and retirement benefit costs	0	2,499,895	2,499,895	2,499,895
Members' interest after result for the financial year	311,045	3,236,003	3,547,048	3,547,048
Introduced by members	158,955	0	158,955	158,955
Drawings	0	(1,885,758)	(1,885,758)	(1,885,758)
Amounts due to members	470,000	1,350,245	1,820,245
Balance at 31 March 2024	470,000	1,350,245	1,820,245	1,820,245
Members' remuneration charged as an expense, including employment and retirement benefit costs	0	3,224,407	3,224,407	3,224,407
Members' interest after result for the financial year	470,000	4,574,652	5,044,652	5,044,652
Drawings	0	(2,694,452)	(2,694,452)	(2,694,452)
Amounts due to members	470,000	1,880,200	2,350,200
Balance at 31 March 2025	470,000	1,880,200	2,350,200	2,350,200

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests

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

Kindleworth 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 90 Bartholomew Close, London, United Kingdom, EC1A 7BN, 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so 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.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

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:

Leasehold improvements	depreciated over the life of the lease
Fixtures and fittings	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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the LLP’s accounting policies, the members are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the members have made in the process of applying the LLP’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the LLP during the year	41		31

4. Tangible assets

	Leasehold improve- ments		Fixtures and fittings		Computer equipment		Total
	£		£		£		£
Cost
At 01 April 2024	2,688		29,384		66,715		98,787
Additions	142,992		23,642		0		166,634
At 31 March 2025	145,680		53,026		66,715		265,421
Accumulated depreciation
At 01 April 2024	2,285		24,967		56,231		83,483
Charge for the financial year	20,284		7,649		6,490		34,423
At 31 March 2025	22,569		32,616		62,721		117,906
Net book value
At 31 March 2025	123,111		20,410		3,994		147,515
At 31 March 2024	403		4,417		10,484		15,304

5. Debtors

	2025		2024
	£		£
Trade debtors	1,231,111		961,434
Amounts owed by Group undertakings	364,178		( 110,314)
Other debtors	838,739		1,136,733
	2,434,028		1,987,853

6. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	729,451		446,951

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	25,535		17,437
Other taxation and social security	515,724		233,646
Other creditors	297,785		378,780
	839,044		629,863

8. Provision for liabilities

	2025		2024
	£		£
Other provisions	121,750		0

9. Related party transactions

The designated members of the LLP Messers J Hacking, T Arrowsmith, J Skelton, F Haughian, and M Still are also shareholders and directors in an affiliate company, Kindleworth (Services) Limited.
During the year the LLP sold services to the value of £750,018 (2024: £144,914) to Kindleworth (Services) Limited. Each transaction took place at arms length and at prevailing market rates.
At the balance sheet date Debtors include a balance of £364,178 (2024: £333,827) due from Kindleworth (Services) Limited.

10. Loans and other debts due to members

	2025		2024
	£		£
Members' capital treated as debt	470,000		470,000
Other amounts due to members	1,880,200		1,350,245
	2,350,200		1,820,245

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

	2025		2024
	£		£
Falling due within one year	2,350,200		1,820,245

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