Kovanda Ventures LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC422134 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2021

for

Kovanda Ventures LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Koenigsberg Consultants Limited

Yancy Distribution Company

REGISTERED OFFICE:

Monomark House

27 Old Gloucester Street

London

WC1N 3AX

REGISTERED NUMBER:

OC422134 (England and Wales)

ACCOUNTANTS:

ILS Fiduciaries (UK) Limited

Monomark House

27 Old Gloucester Street

London

WC1N 3AX

CURRENT ASSETS

Debtors

4

7,307

4,986

CREDITORS

Amounts falling due within one year

5

2,763

900

NET CURRENT ASSETS

4,544

4,086

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

4,544

4,086

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

4,544

4,086

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

4,544

4,086

Amounts due from members

4

(6,607

)

(4,286

)

(2,063

)

(200

)

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 30 April 2021.

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 2 June 2022 and were signed by:

Koenigsberg Consultants Limited - Designated member

1.	STATUTORY INFORMATION

Kovanda Ventures 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.

Going concern

The financial statements have been prepared on a going concern basis notwithstanding the excess of liabilities over assets as the members will continue to make adequate funds available to enable the LLP to meet its liabilities as and when they fall due. The members have no reason to believe that financial support will not continue in the future and considered it appropriate to adopt a going concern basis. The accounts do not contain any adjustments that would be necessary should this basis not be appropriate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2020 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Amounts due from members

6,607

4,286

Prepayments

700

700

7,307

4,986

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

1,713

200

Accrued expenses

1,050

700

2,763

900

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2021

2020

£

£

Loans from members

4,544

4,086

Falling due within one year

4,544

4,086

7.	RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken such as are required to be disclosed under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' other than the amounts due to/from members detailed above.

8.	POST BALANCE SHEET EVENTS

The effect of events relating to the year ended 30 April 2021, which occurred before the date of approval of the financial statements by the directors, have been included to the extent required to show a true and fair view of the state of affairs at 30 April 2021 and of the results of the year ended on that date.