KOR Architects LLP - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: OC411410 (England and Wales)

Unaudited Financial Statements

for the Period 1 August 2022 to 31 December 2022

for

KOR Architects LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr J King

Mrs S King

REGISTERED OFFICE:

Hine House

25 Regent Street

Nottingham

NG1 5BS

REGISTERED NUMBER:

OC411410 (England and Wales)

ACCOUNTANTS:

Mellor Oxland LLP

Hine House

25 Regent Street

Nottingham

NG1 5BS

FIXED ASSETS

Tangible assets

4

-

4,984

CURRENT ASSETS

Stocks

-

2,000

Debtors

5

505

3,258

Cash at bank

2,276

13,911

2,781

19,169

CREDITORS

Amounts falling due within one year

6

1,016

6,271

NET CURRENT ASSETS

1,765

12,898

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,765

17,882

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

1,765

17,882

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

1,765

17,882

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 period ended 31 December 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 21 February 2023 and were signed by:

Mr J King - Designated member

1.	STATUTORY INFORMATION

KOR Architects 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

3.	EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2022 - 1 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 August 2022

3,787

1,363

11,576

16,726

Disposals

(3,787

)

(1,363

)

(11,576

)

(16,726

)

At 31 December 2022

-

-

-

-

DEPRECIATION

At 1 August 2022

2,601

857

8,284

11,742

Charge for period

123

53

343

519

Eliminated on disposal

(2,724

)

(910

)

(8,627

)

(12,261

)

At 31 December 2022

-

-

-

-

NET BOOK VALUE

At 31 December 2022

-

-

-

-

At 31 July 2022

1,186

506

3,292

4,984

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2022

£

£

Trade debtors

-

1,800

Other debtors

505

1,458

505

3,258

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2022

£

£

Taxation and social security

-

6,271

Other creditors

1,016

-

1,016

6,271

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts to ordinary creditors in the event of a winding up.