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KINNAIRD RESEARCH LLP
REGISTERED NUMBER: OC353163
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2022
Notes
Kinnaird Research LLP is incorporated in the United Kingdom and registered in England and Wales. The registered number is OC353163 and the registered office is 89 Spa Road, London, SE16 3SG.
Average number of employees
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The average monthly number of employees, including directors, during the year was 0 (2021 - 0).
Members' confirmations
These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro 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 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 18 January 2023.
The notes on page 2 form part of these financial statements.
Kinnaird Research 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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Division and distribution of profits
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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 discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable.
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