Registration number: 07223254

The Owen Kenny Partnership Limited

trading as Owen Kenny Partnership Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 9

The Owen Kenny Partnership Limited

trading as Owen Kenny Partnership Limited

Company Information

Directors

Mr D Small Mrs E Allchurch Mrs J E M Jones

Company secretary

Mrs E Allchurch

Registered office

Chichester Business Park Unit 3, City Fields Way Park Tangmere, Chichester West Sussex PO20 2FT

Accountants

Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Owen Kenny Partnership Limited

trading as Owen Kenny Partnership Limited
for the Year Ended 28 February 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Owen Kenny Partnership Limited for the year ended 28 February 2026 as set out on pages 3 to 9 from the company'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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of The Owen Kenny Partnership Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The Owen Kenny Partnership Limited and state those matters that we have agreed to state to the Board of Directors of The Owen Kenny Partnership Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Owen Kenny Partnership Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Owen Kenny Partnership Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Owen Kenny Partnership Limited. You consider that The Owen Kenny Partnership Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Owen Kenny Partnership Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Blue Spire Limited
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

6 July 2026

The Owen Kenny Partnership Limited

trading as Owen Kenny Partnership Limited

(Registration number: 07223254)
Balance Sheet as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	52,925	64,475
Current assets
Stocks	6	344,436	304,795
Debtors	7	326,853	329,634
Cash at bank and in hand		263	-
		671,552	634,429
Creditors: Amounts falling due within one year	8	(325,394)	(363,435)
Net current assets		346,158	270,994
Total assets less current liabilities		399,083	335,469
Creditors: Amounts falling due after more than one year	8	-	(10,000)
Net assets		399,083	325,469
Capital and reserves
Called up share capital	9	3,000	3,000
Retained earnings		396,083	322,469
Shareholders' funds		399,083	325,469

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 July 2026 and signed on its behalf by:
 

......................................... Mr D Small Director

The Owen Kenny Partnership Limited

trading as Owen Kenny Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Chichester Business Park
Unit 3, City Fields Way Park
Tangmere, Chichester
West Sussex
PO20 2FT

These financial statements were authorised for issue by the Board on 6 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

The Owen Kenny Partnership Limited

trading as Owen Kenny Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	10 years straight line
Fixtures and fittings	25% straight line
Motor vehicles	25% reducing balance
Office equipment	25% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	5 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Work in Progress

Work in progress represents legal services undertaken on client matters that remain incomplete at the reporting date. Work in progress is valued at the lower of cost and estimated net realisable value.

Cost comprises direct labour and attributable overheads incurred in respect of uncompleted matters.
The directors review work in progress regularly and consider that the amount included in the financial statements is stated appropriately having regard to the expected future economic benefits arising from the related matters.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

Borrowings

Borrowings are stated at cost. Interest payable is charged to the profit and loss account on an accruals basis and is recognised monthly in accordance with the terms of the relevant borrowing agreements.

The Owen Kenny Partnership Limited

trading as Owen Kenny Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 28 (2025 - 31).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 March 2025	240,000	240,000
At 28 February 2026	240,000	240,000
Amortisation
At 1 March 2025	240,000	240,000
At 28 February 2026	240,000	240,000
Carrying amount
At 28 February 2026	-	-

The Owen Kenny Partnership Limited

trading as Owen Kenny Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 March 2025	44,338	17,689	28,083	90,110
Additions	-	537	-	537
At 28 February 2026	44,338	18,226	28,083	90,647
Depreciation
At 1 March 2025	8,868	14,427	2,340	25,635
Charge for the year	4,433	1,218	6,436	12,087
At 28 February 2026	13,301	15,645	8,776	37,722
Carrying amount
At 28 February 2026	31,037	2,581	19,307	52,925
At 28 February 2025	35,470	3,262	25,743	64,475

Included within the net book value of land and buildings above is £31,037 (2025 - £35,470) in respect of long leasehold land and buildings.
 

6

Stocks

	2026 £	2025 £
Work in progress	344,436	304,795

7

Debtors

Current	2026 £	2025 £
Trade debtors	264,677	287,261
Prepayments	62,176	16,497
Other debtors	-	25,876
	326,853	329,634

The Owen Kenny Partnership Limited

trading as Owen Kenny Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	10	144,360	179,145
Trade creditors		5,249	-
Taxation and social security		76,442	80,690
Accruals and deferred income		19,093	5,700
Other creditors		80,250	97,900
		325,394	363,435

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	10	-	10,000

9	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	3,000	3,000	3,000	3,000

10	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	-	10,000

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	10,000	58,250
Bank overdrafts	87,610	110,318
Other borrowings	46,750	10,577
	144,360	179,145

The Owen Kenny Partnership Limited

trading as Owen Kenny Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

11

Dividends

		2026		2025
		£		£
Interim dividend of £0.33 (2025 - £0.33) per ordinary share		1,000		1,000

12	Related party transactions

Transactions with directors

2026	At 1 March 2025 £	Advances to director £	Repayments by director £	At 28 February 2026 £
Balance owed to directors	68,017	(720)	11,000	78,297

2025	At 1 March 2024 £	Repayments by director £	At 28 February 2025 £
Balance owed to directors	(76,646)	144,663	68,017