Kalistar LLP - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: OC313116 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Kalistar LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

W R Farmer

S E H Nutley

REGISTERED OFFICE:

2 The Bower

Langford Hall

Witham Road

Maldon

Essex

CM9 4ST

REGISTERED NUMBER:

OC313116 (England and Wales)

ACCOUNTANTS:

Fisher Michael

The Old Grange

Warren Estate

Lordship Road

Writtle

Essex

CM1 3WT

FIXED ASSETS

Investment property

4

-

750,000

CURRENT ASSETS

Debtors

5

2,500

2,206

Cash at bank

468,871

34,501

471,371

36,707

CREDITORS

Amounts falling due within one year

6

12,750

16,183

NET CURRENT ASSETS

458,621

20,524

TOTAL ASSETS LESS CURRENT LIABILITIES

458,621

770,524

CREDITORS

Amounts falling due after more than one year

7

-

244,102

NET ASSETS ATTRIBUTABLE TO MEMBERS

458,621

526,422

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

454,121

286,922

MEMBERS' OTHER INTERESTS

Capital accounts

4,500

239,500

458,621

526,422

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

454,121

286,922

Members' other interests

4,500

239,500

458,621

526,422

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 2023.

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 19 November 2023 and were signed by:

W R Farmer - Designated member

S E H Nutley - Designated member

1.	STATUTORY INFORMATION

Kalistar 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 as modified by the revaluation of certain assets.

Turnover

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

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2022 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2022

750,000

Disposals

(515,000

)

Revaluations

(235,000

)

At 31 March 2023

-

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

750,000

Fair value at 31 March 2023 is represented by:

£

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

-

1,560

Other debtors

2,500

646

2,500

2,206

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

-

11,000

Trade creditors

-

3,503

Other creditors

12,750

1,680

12,750

16,183

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

-

244,102

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

198,352

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of the Limited Liability Partnership being wound up, all unsecured creditors would rank equally. There is no provision for specific legal enforceable protection afforded to creditors in such an event. There are no restrictions or limitations that exist on the members to reduce the 'Members other interest'.