REGISTERED NUMBER: OC320268 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

KSP CONSULTANCY LLP

Page

General Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DESIGNATED MEMBERS:

Mr J A C Durrant

Mrs A Earnshaw

Mr P R Stephenson

REGISTERED OFFICE:

Fareham Innovation Centre

Merlin House, 4 Meteor Way

Lee-on-the-Solent

Hampshire

PO13 9FU

REGISTERED NUMBER:

OC320268 (England and Wales)

FIXED ASSETS

Intangible assets

5

2,783

11,133

Tangible assets

6

931

1,674

3,714

12,807

CURRENT ASSETS

Stocks & amounts recoverable

on contracts

7

19,324

34,652

Debtors

8

50,912

20,298

Cash at bank and in hand

104,521

136,680

174,757

191,630

CREDITORS

Amounts falling due within one year

9

53,930

24,832

NET CURRENT ASSETS

120,827

166,798

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

124,541

179,605

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

124,541

179,605

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

124,541

179,605

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 and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 12 October 2026 and were signed by:

Mr J A C Durrant - Designated member

Mr P R Stephenson - Designated member

1.	STATUTORY INFORMATION

KSP Consultancy LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the fair value of services provided during the year on client assignments. Turnover is recognised as contract activities progress and the right to consideration is earned. Fair value reflects the amounts expected to be recoverable from clients and is based on the time spent, skills and expertise provided and expenses incurred. Turnover excludes VAT.

Goodwill

Goodwill is being amortised evenly over its estimated useful life of twenty 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 each asset over its estimated useful life.

Fixtures, fittings and equipment

-

33% straight line and 15% straight line

All fixed assets are initially recorded at cost.

Stocks and amounts recoverable on contracts

Stock of stationery is valued at the lower of cost and net realisable value. Cost is determined on a FIFO basis.

Amounts recoverable on contracts are valued at selling price.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4.	EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2025 - 1 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

167,000

AMORTISATION

At 1 April 2025

155,867

Amortisation for year

8,350

At 31 March 2026

164,217

NET BOOK VALUE

At 31 March 2026

2,783

At 31 March 2025

11,133

6.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

and

equipment

£

COST

At 1 April 2025

and 31 March 2026

6,238

DEPRECIATION

At 1 April 2025

4,564

Charge for year

743

At 31 March 2026

5,307

NET BOOK VALUE

At 31 March 2026

931

At 31 March 2025

1,674

7.	STOCKS & AMOUNTS RECOVERABLE

ON CONTRACTS

2026

2025

£

£

Stock of stationery

858

943

Amounts recoverable on

contracts

18,466

33,709

19,324

34,652

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

37,302

11,103

Other debtors

877

1,019

Prepayments

12,733

8,176

50,912

20,298

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

4,672

7,463

Social security and other taxes

3,732

6,676

Other creditors

37,028

7

Accrued expenses

8,498

10,686

53,930

24,832

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2026

2025

£

£

Amounts owed to members in respect of profits

124,541

179,605

Falling due within one year

124,541

179,605

In the event of winding up, amounts in 'Loans and other debts due to members' (other than members' capital classified as debt) would rank pari passu with other creditors who are unsecured. There is no protection afforded to creditors in such an event which is legally enforceable and cannot be revoked solely by a decision of the members.

There are no restrictions or limitations existing on the ability of the members to reduce the amount of 'Members' other interests'

11.	OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £6,352 (2025: £5,412). This amount is in relation to operating lease commitments which are payable over the next year.

12.	RELATED PARTY DISCLOSURES

For the whole of the year, the LLP was under the control of the designated members as detailed in the Members' Report as was the case last year.