A K N (Sussex) LLP - LLP accounts 24.3

REGISTERED NUMBER: OC337568 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

A K N (SUSSEX) LLP

Page

General Information

1

Report of the Members

2

Report of the Accountants

3

Income Statement

4

Balance Sheet

5

Reconciliation of Members' Interests

6

Notes to the Financial Statements

8

DESIGNATED MEMBERS:

First Charterhouse Enterprises Limited

First Charterhouse Investments Limited

REGISTERED OFFICE:

15 West Street

Brighton

East Sussex

BN1 2RL

REGISTERED NUMBER:

OC337568 (England and Wales)

ACCOUNTANTS:

Galloways Accounting Limited

15 West Street

Brighton

East Sussex

BN1 2RL

The members present their report with the financial statements of the LLP for the year ended 31 March 2026.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of property development.

DESIGNATED MEMBERS

The designated members during the year under review were:

First Charterhouse Enterprises Limited

First Charterhouse Investments Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £52,779 (2025 - £54,708 profit).

MEMBERS' INTERESTS

The members capital contributions and any capital repayments, including drawings, are determined by the designated members having regards to the working capital requirements of the business.

ON BEHALF OF THE MEMBERS:

First Charterhouse Enterprises Limited - Designated member

26 August 2026

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs 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 A K N (Sussex) LLP for the year ended 31 March 2026 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a professional firm regulated by the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of A K N (Sussex) LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A K N (Sussex) LLP and state those matters that we have agreed to state to the members of A K N (Sussex) LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A K N (Sussex) LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that A K N (Sussex) 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 loss of A K N (Sussex) LLP. You consider that A K N (Sussex) LLP 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 financial statements of A K N (Sussex) 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.

Galloways Accounting Limited

15 West Street

Brighton

East Sussex

BN1 2RL

Date: .............................................

TURNOVER

-

Administrative expenses

(14,891

)

(15,309

)

(14,891

)

(15,309

)

Other operating income

67,670

70,017

OPERATING PROFIT and

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

52,779

54,708

CURRENT ASSETS

Stocks

4

510,716

Debtors

5

54,828

53,777

Cash at bank

82,916

28,928

648,460

593,421

CREDITORS

Amounts falling due within one year

6

8,668

6,408

NET CURRENT ASSETS

639,792

587,013

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

639,792

587,013

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

639,792

587,013

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

639,792

587,013

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 2026.

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 26 August 2026 and were signed by:

First Charterhouse Enterprises Limited - Designated member

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

reserves

amounts

Total

£

Amount due to members

587,013

Amount due from members

-

Balance at 1 April 2025

-

587,013

Profit for the financial year available
for discretionary division among
members

52,779

-

52,779

Members' interests after profit for
the year

52,779

587,013

639,792

Other divisions of profit

(52,779

)

52,779

-

Amount due to members

639,792

Amount due from members

-

Balance at 31 March 2026

-

639,792

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

reserves

amounts

Total

£

Amount due to members

584,805

Amount due from members

-

Balance at 1 April 2024

-

584,805

Profit for the financial year available
for discretionary division among
members

54,708

-

54,708

Members' interests after profit for
the year

54,708

584,805

639,513

Other divisions of profit

(54,708

)

54,708

-

Drawings on account and
distributions of profit

-

(52,500

)

(52,500

)

Amount due to members

587,013

Amount due from members

-

Balance at 31 March 2025

-

587,013

1.	STATUTORY INFORMATION

A K N (Sussex) LLP is registered in England and Wales. 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2025 - NIL).

4.

STOCKS

2026

2025

£

Stocks

510,716

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

3,568

3,819

Other debtors

51,260

49,958

54,828

53,777

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

1,991

-

Other creditors

6,677

6,408

8,668

6,408

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members represent allocated profits not yet paid to members and are due within one year. In the event of a winding up, loans and other debts due to members rank equally within unsecured debts, and no additional protection is afforded to creditors.

No restrictions exist on the ability of the members to reduce the amount of Members' other interests.