REGISTERED NUMBER: |
JOSEPH A JONES & CO LLP |
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2022 |
REGISTERED NUMBER: |
JOSEPH A JONES & CO LLP |
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2022 |
JOSEPH A JONES & CO LLP (REGISTERED NUMBER: OC403120) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2022 |
Page |
General Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
JOSEPH A JONES & CO LLP |
GENERAL INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2022 |
Designated members: |
Registered office: |
Registered number: |
Accountants: |
Dalton House |
9 Dalton Square |
LANCASTER |
LA1 1WD |
Bankers: |
68 Church Street |
LANCASTER |
LA1 1LN |
JOSEPH A JONES & CO LLP (REGISTERED NUMBER: OC403120) |
ABRIDGED BALANCE SHEET |
31 MARCH 2022 |
2022 | 2021 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Stocks |
Debtors |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
and |
Net assets attributable to members | 145,770 | 145,679 |
Loans and other debts due to members | 5 | 145,770 | 145,679 |
Total members' interests |
Loans and other debts due to members | 5 | 145,770 | 145,679 |
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. |
JOSEPH A JONES & CO LLP (REGISTERED NUMBER: OC403120) |
ABRIDGED BALANCE SHEET - continued |
31 MARCH 2022 |
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 |
JOSEPH A JONES & CO LLP (REGISTERED NUMBER: OC403120) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2022 |
1. | Statutory information |
Joseph A Jones & Co 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 |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable, for services provided in the normal course of the business, net of discounts, rebates, value added tax and other sales tax. |
Tangible fixed assets |
Plant and machinery etc | - |
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Costs include costs directly attributable to making the asset capable of operating as intended. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate. |
3. | Employee information |
The average number of employees during the year was |
JOSEPH A JONES & CO LLP (REGISTERED NUMBER: OC403120) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2022 |
4. | Tangible fixed assets |
Totals |
£ |
Cost |
At 1 April 2021 |
Additions |
At 31 March 2022 |
Depreciation |
At 1 April 2021 |
Charge for year |
At 31 March 2022 |
Net book value |
At 31 March 2022 |
At 31 March 2021 |
5. | Loans and other debts due to members |
Loans and other debts due to members are unsecured and would rank pari passu with other unsecured creditors in the event of a winding up. |
6. | Related party disclosures |
During the year, the LLP paid rent on a normal commercial basis to one designated member and one former member of the LLP, in the sum of £22,500. |
The designated members of the LLP, by virtue of their membership, hold shares in and receive dividends from Fenton Street Financial Services Limited, to whom the LLP refers clients. For the year ended 31 March 2022, the dividend total allocated to the designated members was £3,801 (2021 £7,434). |