Kimpton Developments LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC354285 (England and Wales)

Unaudited Financial Statements

for the Year Ended 5th April 2022

for

Kimpton Developments LLP

Page

General Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DESIGNATED MEMBERS:

J D Kimpton

Mrs H L Kimpton

REGISTERED OFFICE:

Laurel House

Church Street

Welford on Avon

Stratford on Avon

Warwickshire

CV37 8EJ

REGISTERED NUMBER:

OC354285 (England and Wales)

ACCOUNTANTS:

Astute Services Ltd

44-46 Regent Street

Rugby

Warwickshire

CV21 2PS

FIXED ASSETS

Tangible assets

4

101,839

116,000

CURRENT ASSETS

Debtors

5

48,992

39,599

Cash at bank

109,459

50,777

158,451

90,376

CREDITORS

Amounts falling due within one year

6

135,664

105,758

NET CURRENT ASSETS/(LIABILITIES)

22,787

(15,382

)

TOTAL ASSETS LESS CURRENT LIABILITIES

124,626

100,618

CREDITORS

Amounts falling due after more than one year

7

84,330

100,618

NET ASSETS ATTRIBUTABLE TO MEMBERS

40,296

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

40,296

-

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

40,296

-

Amounts due from members

5

-

(22,965

)

40,296

(22,965

)

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 5th April 2022.

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 4th January 2023 and were signed by:

J D Kimpton - Designated member

1.	STATUTORY INFORMATION

Kimpton Developments 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 6th April 2021

and 5th April 2022

151,260

DEPRECIATION

At 6th April 2021

35,260

Charge for year

14,161

At 5th April 2022

49,421

NET BOOK VALUE

At 5th April 2022

101,839

At 5th April 2021

116,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

45,184

-

Other debtors

3,808

39,599

48,992

39,599

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

20,907

14,076

Trade creditors

70,824

30,101

Taxation and social security

39,494

38,302

Other creditors

4,439

23,279

135,664

105,758

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

84,330

100,618

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' rank equally with other unsecured creditors.