Kingsbury Ellis LLP - Filleted accounts

Registered number

OC392856

Kingsbury Ellis LLP

Filleted Accounts

31 March 2026

Kingsbury Ellis LLP
Registered number:		OC392856
Balance Sheet
as at 31 March 2026
Notes		2026		2025
£			£
Fixed assets
Tangible assets	3	4,133		1,023
Current assets
Debtors	4	70,602		42,255
Cash at bank and in hand		5,452		76,250
		76,054		118,505

Creditors: amounts falling due within one year	5	(22,011)		(38,606)

Net current assets		54,043		79,899

Total assets less current liabilities		58,176		80,922



Net assets attributable to members		58,176		80,922

Represented by:
Loans and other debts due to members	6	10		10

Members' other interests
Members' capital classified as equity		(2,416,498)		(2,227,098)
Other reserves		2,474,664		2,308,010
		58,166		80,912

		58,176		80,922

Total members' interests
Loans and other debts due to members	6	10		10
Members' other interests		58,166		80,912

		58,176		80,922

For the year ended 31 March 2026 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 19 August 2026 and signed on their behalf by:


A C Anastasiou
Designated member

Kingsbury Ellis LLP
Notes to the Accounts
for the year ended 31 March 2026

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.

	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	20% straight line method
	Fixtures & fittings and equipment	20% straight line method

	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.

	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			2026		2025
Number					Number

	Average number of persons employed by the LLP			4		4


3	Tangible fixed assets
		Plant and machinery etc		Fixtures & fittings and equipment		Total
£			£		£
	Cost
	At 1 April 2025	13,358		4,982		18,340
	Additions	4,712		-		4,712
	At 31 March 2026	18,070		4,982		23,052

	Depreciation
	At 1 April 2025	12,335		4,982		17,317
	Charge for the year	1,602		-		1,602
	At 31 March 2026	13,937		4,982		18,919

	Net book value
	At 31 March 2026	4,133		-		4,133
	At 31 March 2025	1,023		-		1,023


4	Debtors			2026		2025
£					£

	Trade debtors			59,582		32,375
	Other debtors			11,020		9,880
				70,602		42,255


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			9,625		13,866
	Other taxes and social security costs			7,809		20,202
	Other creditors			4,577		4,538
				22,011		38,606


6	Loans and other debts due to members			2026		2025
£					£

	Loans from members			10		10

	Amounts falling due within one year			10		10

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


7	Other financial commitments			2026		2025
£					£

	Total future minimum payments under non-cancellable operating leases			60,628		19,714


8	Other information

	Kingsbury Ellis LLP is a limited liability partnership incorporated in England. Its registered office is:
	307 Neasden Lane
	London
	NW10 1QR