KPW Investments LLP - LLP accounts 24.3

REGISTERED NUMBER: SO306664 (Scotland)

Report of the Members and

Unaudited Financial Statements

For The Year Ended 31 March 2025

for

Kpw Investments LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Reconciliation of Members' Interests

6

Notes to the Financial Statements

8

DESIGNATED MEMBERS:

E Kelly

R Provan

Dr S Wright

REGISTERED OFFICE:

7 Royal Crescent

Glasgow

G3 7SL

REGISTERED NUMBER:

SO306664 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of independent financial advisors.

DESIGNATED MEMBERS

The designated members during the year under review were:

E Kelly

R Provan

Dr S Wright

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £1,660,307 (2024 - £1,323,531 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

E Kelly - Designated member

23 December 2025

TURNOVER

3,229,304

2,588,781

Cost of sales

1,011,659

787,848

GROSS PROFIT

2,217,645

1,800,933

Administrative expenses

513,019

428,551

1,704,626

1,372,382

Other operating income

4

-

OPERATING PROFIT

4

1,704,630

1,372,382

Interest receivable and similar income

536

2,693

1,705,166

1,375,075

Interest payable and similar expenses

44,859

51,544

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS

1,660,307

1,323,531

FIXED ASSETS

Intangible assets

5

340,130

382,646

Tangible assets

6

18,308

21,659

358,438

404,305

CURRENT ASSETS

Debtors

7

463,131

263,469

Cash at bank and in hand

206,194

415,823

669,325

679,292

CREDITORS

Amounts falling due within one year

8

674,286

610,302

NET CURRENT (LIABILITIES)/ASSETS

(4,961

)

68,990

TOTAL ASSETS LESS CURRENT
LIABILITIES

353,477

473,295

CREDITORS

Amounts falling due after more than one year

9

219,445

362,040

NET ASSETS ATTRIBUTABLE TO
MEMBERS

134,032

111,255

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

51,950

29,173

MEMBERS' OTHER INTERESTS

Capital accounts

82,082

134,032

111,255

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

51,950

29,173

Members' other interests

82,082

Amounts due from members

7

-

(15,520

)

134,032

95,735

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

The financial statements were approved by the members of the LLP and authorised for issue on 23 December 2025 and were signed by:

E Kelly - Designated member

EQUITY

Members' other interests

Members'

capital

(classified

as

Other

equity)

reserves

Total

£

Balance at 1 April 2024

82,082

-

82,082

Profit for the financial year available for discretionary
division among members

-

1,660,307

Members' interests after profit for the year

82,082

1,660,307

1,742,389

Other divisions of profit

-

(1,660,307

)

(1,660,307

)

Introduced by members

-

Drawings on account and distributions of profit

-

Balance at 31 March 2025

82,082

-

82,082

DEBT

TOTAL

Loans and other debts due to

MEMBERS'

members less any amounts due

INTERESTS

from members in debtors

Other

amounts

Total

£

Amount due to members

29,173

Amount due from members

(15,521

)

Balance at 1 April 2024

13,652

95,734

Profit for the financial year available for discretionary
division among members

-

1,660,307

Members' interests after profit for the year

13,652

1,756,041

Other divisions of profit

1,660,307

-

Introduced by members

275,937

Drawings on account and distributions of profit

(1,897,946

)

(1,897,946

)

Amount due to members

51,950

Amount due from members

-

Balance at 31 March 2025

51,950

134,032

EQUITY

Members' other interests

Members'

capital

(classified

as

Other

equity)

reserves

Total

£

Balance at 1 April 2023

82,082

-

82,082

Profit for the financial year available for discretionary
division among members

-

1,323,531

Members' interests after profit for the year

82,082

1,323,531

1,405,613

Other divisions of profit

-

(1,323,531

)

(1,323,531

)

Introduced by members

-

Drawings on account and distributions of profit

-

Balance at 31 March 2024

82,082

-

82,082

DEBT

TOTAL

Loans and other debts due to

MEMBERS'

members less any amounts due

INTERESTS

from members in debtors

Other

amounts

Total

£

Amount due to members

24,678

Amount due from members

(15,827

)

Balance at 1 April 2023

8,851

90,933

Profit for the financial year available for discretionary
division among members

-

1,323,531

Members' interests after profit for the year

8,851

1,414,464

Other divisions of profit

1,323,531

-

Introduced by members

214,469

Drawings on account and distributions of profit

(1,533,198

)

(1,533,198

)

Amount due to members

29,173

Amount due from members

(15,520

)

Balance at 31 March 2024

13,653

95,735

1.	STATUTORY INFORMATION

Kpw Investments LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 14 (2024 - 14 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.25

31.3.24

£

Depreciation - owned assets

6,266

7,171

Goodwill amortisation

42,516

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

425,162

AMORTISATION

At 1 April 2024

42,516

Charge for year

42,516

At 31 March 2025

85,032

NET BOOK VALUE

At 31 March 2025

340,130

At 31 March 2024

382,646

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

7,371

32,550

5,898

45,819

Additions

160

-

2,755

2,915

At 31 March 2025

7,531

32,550

8,653

48,734

DEPRECIATION

At 1 April 2024

3,125

18,818

2,217

24,160

Charge for year

1,102

3,433

1,731

6,266

At 31 March 2025

4,227

22,251

3,948

30,426

NET BOOK VALUE

At 31 March 2025

3,304

10,299

4,705

18,308

At 31 March 2024

4,246

13,732

3,681

21,659

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Amounts owed by associates

452,128

220,390

Other debtors

11,003

43,079

463,131

263,469

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

147,373

158,478

Trade creditors

3,080

4,399

Amounts owed to associates

441,071

189,988

Taxation and social security

(7,125

)

8,553

Other creditors

89,887

248,884

674,286

610,302

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Bank loans

219,445

362,040

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.25

31.3.24

£

Amounts owed to members in respect of profits

51,950

29,173

Falling due within one year

51,950

29,173

Debts due to members rank pari passu with ordinary creditors in the event of a winding up.