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Registration number: OC374278

JTTR Oakmere LLP

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2023

 

JTTR Oakmere LLP

Contents

Limited liability partnership information

1

Abridged Financial Statements

2 to 6

Abridged Balance Sheet

2

Statement of Changes in Members’ Interests

4

Notes to the Abridged Financial Statements

5

 

JTTR Oakmere LLP

Limited liability partnership information

Designated members

Mr JC Hudson

Mrs TT Hudson
 

Members

Mr RJ Hudson

Miss TE Hudson
 

Registered office

Oakmere

North Weirs
Brockenhurst
Hampshire
SO42 7QA

Accountants

Pyatt & Pyatt
Chartered Certified Accountants
36 St Thomas Street
Lymington
Hampshire
SO41 9NE

 

JTTR Oakmere LLP

(Registration number: OC374278)
Abridged Balance Sheet as at 31 March 2023

Note

2023
 £

2022
 £

Fixed assets

 

Tangible assets

3

1,754,926

1,755,708

Current assets

 

Cash and short-term deposits

 

5,723

7,544

Prepayments and accrued income

 

4,196

2,144

Creditors: Amounts falling due within one year

(2,922)

(2,949)

Net current assets

 

6,997

6,739

Total assets less current liabilities

 

1,761,923

1,762,447

Creditors: Amounts falling due after more than one year

(7,123)

(10,037)

Accruals and deferred income

 

(11,931)

(3,415)

Net assets attributable to members

 

1,742,869

1,748,995

Represented by:

 

Members’ other interests

 

Members' capital classified as equity

 

1,605,537

1,632,932

Other reserves

 

137,332

116,063

 

1,742,869

1,748,995

   

1,742,869

1,748,995

Total members' interests

 

Equity

 

1,742,869

1,748,995

   

1,742,869

1,748,995

For the year ending 31 March 2023 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships, and the option not to file the Profit and Loss Account has been taken.

 

JTTR Oakmere LLP

(Registration number: OC374278)
Abridged Balance Sheet as at 31 March 2023 (continued)

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

All of the limited liability partnership's members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006, as applied to limited liability partnerships.

The financial statements of JTTR Oakmere LLP (registered number OC374278) were approved by the Board and authorised for issue on 25 October 2023. They were signed on behalf of the limited liability partnership by:

.........................................
Mr JC Hudson
Designated member

.........................................
Mrs TT Hudson
Designated member

 
 

JTTR Oakmere LLP

Statement of Changes in Members’ Interests
At 31 March 2023

 

Equity

   

Members' capital
£

Other reserves
£

Total equity
£

Total
2023
 £

Members' interest at 1 April 2022

1,632,933

116,062

1,748,995

1,748,995

Profit for the financial year available for discretionary division among members

-

21,270

21,270

21,270

Members' interests after total comprehensive income

1,632,933

137,332

1,770,265

1,770,265

Members’ capital introduced

8,941

-

8,941

8,941

Drawings (including tax payments)

(36,337)

-

(36,337)

(36,337)

At 31 March 2023

1,605,537

137,332

1,742,869

1,742,869

 

Equity

   

Members' capital
£

Other reserves
£

Total equity
£

Total
2022
 £

Members' interest at 1 April 2021

1,659,627

79,839

1,739,466

1,739,466

Profit for the financial year available for discretionary division among members

-

36,224

36,224

36,224

Members' interests after total comprehensive income

1,659,627

116,063

1,775,690

1,775,690

Members’ capital introduced

1,140

-

1,140

1,140

Drawings (including tax payments)

(27,835)

-

(27,835)

(27,835)

At 31 March 2022

1,632,932

116,063

1,748,995

1,748,995

 

JTTR Oakmere LLP

Notes to the Abridged Financial Statements for the Year Ended 31 March 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England & Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of JTTR Oakmere LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Members' remuneration and division of profits

The limited liability partnership agreement provides that fixed amounts, determined for each member each year, be paid to members, irrespective of the profits of the partnership. If paid, these amounts would be included within members’ remuneration charged to the profit and loss account.

A member's share of the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

other taxes policy

Tangible fixed assets

Individual fixed assets are initially recorded at cost.

 

JTTR Oakmere LLP

Notes to the Abridged Financial Statements for the Year Ended 31 March 2023 (continued)

1

Accounting policies (continued)

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Furniture and fittings

20% reducing balance

Trade debtors

Trade debtors are amounts due from tenants for rental in the ordinary course of business.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 4 (2022 - 4).

3

Tangible fixed assets

Total
£

Cost

At 1 April 2022

1,799,533

Additions

418

At 31 March 2023

1,799,951

Depreciation

At 1 April 2022

43,825

Charge for the year

1,200

At 31 March 2023

45,025

Net book value

At 31 March 2023

1,754,926

At 31 March 2022

1,755,708

4

Control

The ultimate controlling party is the same as the controlling party.