ACCOUNTS - Final Accounts

Registered number: OC411534

KINNS LLP

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2026

KINNS LLP

REPORT TO THE MEMBERS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KINNS LLP
FOR THE YEAR ENDED 31 MARCH 2026

In order to assist you to fulfil your duties under the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008), we have prepared for your approval the financial statements of Kinns LLP for the year ended 31 March 2026 which comprise the Balance sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the members in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Kinns LLP and state those matters that we have agreed to state to the Kinns LLP's members in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kinns LLP and its members for our work or for this report.

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

We have not been instructed to carry out an audit or review of the financial statements of Kinns LLP. 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 financial statements.

Colledge Redfern

Chartered Certified Accountants

Glantaf Office

Llanfallteg

Whitland

Carmarthenshire

SA34 0UT

25 June 2026

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KINNS LLP

REGISTERED NUMBER: OC411534

BALANCE SHEET

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	3		103,143		17,950
			103,143		17,950
Current assets
Cash at bank and in hand	4	185		2,070
		185		2,070
Creditors: Amounts Falling Due Within One Year	5	(84,073)		(1,199)
Net current (liabilities)/assets			(83,888)		871
Total assets less current liabilities			19,255		18,821

Net assets			19,255		18,821

Represented by:
Loans and other debts due to members within one year
Members' other interests
Members' capital classified as equity	(53,462)		18,821
Other reserves classified as equity	72,717		-
		19,255		18,821
		19,255		18,821

Total members' interests
Members' other interests	19,255	18,821
	19,255	18,821

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KINNS LLP

REGISTERED NUMBER: OC411534

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2026

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 25 June 2026.

Mr James Kinns	Mrs Louise Kinns
Designated member	Designated member

The notes on pages 5 to 8 form part of these financial statements.

Kinns 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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KINNS LLP

RECONCILIATION OF MEMBERS' INTERESTS

FOR THE YEAR ENDED 31 MARCH 2026


	EQUITY Members' other interests
	Members' capital (classified as equity)	Other reserves	Total
	£	£	£
Amounts due to members
Amounts due from members
Balance at 1 April 2024	11,903	-	11,903
Profit for the year available for discretionary division among members	-	109,277	109,277
Members' interests after profit for the year	11,903	109,277	121,180
Repayment of capital	(102,360)	-	(102,360)
Amounts due to members
Amounts due from members
Balance at 31 March 2025	18,821	-	18,821
Profit for the year available for discretionary division among members	-	72,717	72,717
Members' interests after profit for the year	18,821	72,717	91,538
Drawings	(72,283)	-	(72,283)
Amounts due to members
Amounts due from members
Balance at 31 March 2026	(53,462)	72,717	19,255

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.

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KINNS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Kinns LLP is a limited liability partnership, domiciled in England and Wales, registration number OC411534. The registered address is Glantaf Office, Llanfallteg, Whitland, Carmarthenshire, SA34 0UT.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies.

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

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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KINNS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.4

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 automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

2.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

				Plant and machinery	-	25% Reducing Balance
				Motor vehicles	-	25% Reducing Balance

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.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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KINNS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

3.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost or valuation
At 1 April 2025	17,073	82,500	99,573
Additions	-	102,900	102,900
Disposals	-	(82,500)	(82,500)
At 31 March 2026	17,073	102,900	119,973
Depreciation
At 1 April 2025	5,316	76,306	81,622
Charge for the year on owned assets	2,939	8,575	11,514
Disposals	-	(76,306)	(76,306)
At 31 March 2026	8,255	8,575	16,830
Net book value
At 31 March 2026	8,818	94,325	103,143
At 31 March 2025	11,756	6,194	17,950

4.	Cash and cash equivalents
		2026	2025
		£	£

Cash at bank and in hand	185	2,070
	185	2,070

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KINNS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

5.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Obligations under finance lease and hire purchase contracts	82,874	-
Accruals and deferred income	1,199	1,199
	84,073	1,199

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