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REGISTERED NUMBER: OC380708 (England and Wales)

















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

JURGEN KAISER WINES LLP

JURGEN KAISER WINES LLP (REGISTERED NUMBER: OC380708)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


JURGEN KAISER WINES LLP

GENERAL INFORMATION
for the Year Ended 31 January 2023







DESIGNATED MEMBERS: J Kaiser
M J Kaiser
C J Kaiser





REGISTERED OFFICE: Church Fold
Leathley Lane
Leathley
Otley
West Yorkshire
LS21 2JX





REGISTERED NUMBER: OC380708 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

JURGEN KAISER WINES LLP (REGISTERED NUMBER: OC380708)

REPORT OF THE MEMBERS
for the Year Ended 31 January 2023

The members present their report with the financial statements of the LLP for the year ended 31 January 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of wine merchants.

DESIGNATED MEMBERS
The designated members during the year under review were:

J Kaiser
M J Kaiser
C J Kaiser

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £248,600 (2022 - £232,257 profit).

MEMBERS' INTERESTS
The report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnership (Accounts and Audit) (Application of Companies Act 2006) Regulations relating to small LLPs.

ON BEHALF OF THE MEMBERS:





J Kaiser - Designated member


2 October 2023

JURGEN KAISER WINES LLP (REGISTERED NUMBER: OC380708)

INCOME STATEMENT
for the Year Ended 31 January 2023

2023 2022
Notes £    £   

TURNOVER 315,379 346,310

Cost of sales 21,386 35,279
GROSS PROFIT 293,993 311,031

Administrative expenses 45,393 78,774
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




248,600




232,257

JURGEN KAISER WINES LLP (REGISTERED NUMBER: OC380708)

BALANCE SHEET
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 37,197 38,508

CURRENT ASSETS
Stocks 1,167,858 1,109,797
Debtors 7 178,822 35,782
Cash at bank and in hand 3,431 7,673
1,350,111 1,153,252
CREDITORS
Amounts falling due within one year 8 209,819 59,332
NET CURRENT ASSETS 1,140,292 1,093,920
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,177,489

1,132,428

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

1,177,489

1,132,428

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 1,177,489 1,132,428

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 January 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 2 October 2023 and were signed by:





J Kaiser - Designated member

JURGEN KAISER WINES LLP (REGISTERED NUMBER: OC380708)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Jurgen Kaiser Wines LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Freehold property - 2% on cost
Improvements to property - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2022 - 3 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 1,311 1,842

5. INFORMATION IN RELATION TO MEMBERS

2023 2022

The average number of members during the year was 4 4

JURGEN KAISER WINES LLP (REGISTERED NUMBER: OC380708)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST
At 1 February 2022
and 31 January 2023 45,000 1,342 7,263
DEPRECIATION
At 1 February 2022 8,100 1,242 6,287
Charge for year 900 25 195
At 31 January 2023 9,000 1,267 6,482
NET BOOK VALUE
At 31 January 2023 36,000 75 781
At 31 January 2022 36,900 100 976

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 6,031 1,543 61,179
DEPRECIATION
At 1 February 2022 5,578 1,464 22,671
Charge for year 113 78 1,311
At 31 January 2023 5,691 1,542 23,982
NET BOOK VALUE
At 31 January 2023 340 1 37,197
At 31 January 2022 453 79 38,508

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 168,430 30,522
Other debtors 5,661 -
Prepayments 4,731 5,260
178,822 35,782

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 48,267 -
Trade creditors 3,799 2,078
VAT 34,759 8,495
Other creditors 115,934 42,449
Accrued expenses 7,060 6,310
209,819 59,332

JURGEN KAISER WINES LLP (REGISTERED NUMBER: OC380708)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 1,177,489 1,132,428

Falling due within one year 1,177,489 1,132,428

Loans and other debts to members would rank pari passu to other creditors.