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REGISTERED NUMBER: OC433274 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE PERIOD 6 APRIL 2023 TO 31 OCTOBER 2023

FOR

JORIKKI LLP

JORIKKI LLP (REGISTERED NUMBER: OC433274)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 6 APRIL 2023 TO 31 OCTOBER 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

JORIKKI LLP

GENERAL INFORMATION
FOR THE PERIOD 6 APRIL 2023 TO 31 OCTOBER 2023







DESIGNATED MEMBERS: J M L Hauptman
Mrs R Hauptman





REGISTERED OFFICE: Harben House
Harben Parade
Finchley Road
London
NW3 6LH





REGISTERED NUMBER: OC433274 (England and Wales)





ACCOUNTANTS: KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH

JORIKKI LLP (REGISTERED NUMBER: OC433274)

BALANCE SHEET
31 OCTOBER 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 610
Investments 5 490,000 -
Investment property 6 - 2,490,000
490,000 2,490,610

CURRENT ASSETS
Debtors 7 2,083,144 -
Cash at bank - 90,068
2,083,144 90,068
CREDITORS
Amounts falling due within one year 8 - 7,996
NET CURRENT ASSETS 2,083,144 82,072
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,573,144

2,572,682

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

81,144

80,682

MEMBERS' OTHER INTERESTS
Capital accounts 2,492,000 2,492,000
2,573,144 2,572,682

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 81,144 80,682
Members' other interests 2,492,000 2,492,000
2,573,144 2,572,682

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 period ended 31 October 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.

JORIKKI LLP (REGISTERED NUMBER: OC433274)

BALANCE SHEET - continued
31 OCTOBER 2023


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 Profit and loss account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 13 November 2023 and were signed by:





J M L Hauptman - Designated member

JORIKKI LLP (REGISTERED NUMBER: OC433274)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 6 APRIL 2023 TO 31 OCTOBER 2023


1. STATUTORY INFORMATION

Jorikki 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.

Turnover
Turnover represents rental income received and is recognised on the accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Straight line over 3 years

Investment property
The cost of a purchased investment property comprises its purchase price and any directly attributable expenditure such as legal, property transfer taxes and other transactions costs. Investment property transferred into the LLP is recognised at its fair value at the date of transfer. Subsequent additions and improvements are recognised at cost.

Investment property whose fair value can be measured reliably without undue costs or effect is measured at fair value at each reporting date with changes in fair value recognised in the profit and loss account.

Financial instruments
The LLP only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2023 - NIL).

JORIKKI LLP (REGISTERED NUMBER: OC433274)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6 APRIL 2023 TO 31 OCTOBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 6 April 2023 2,000
Disposals (2,000 )
At 31 October 2023 -
DEPRECIATION
At 6 April 2023 1,390
Eliminated on disposal (1,390 )
At 31 October 2023 -
NET BOOK VALUE
At 31 October 2023 -
At 5 April 2023 610

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 490,000
At 31 October 2023 490,000
NET BOOK VALUE
At 31 October 2023 490,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023 2,490,000
Disposals (2,490,000 )
At 31 October 2023 -
NET BOOK VALUE
At 31 October 2023 -
At 5 April 2023 2,490,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Other debtors 2,083,144 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Other creditors - 7,996

JORIKKI LLP (REGISTERED NUMBER: OC433274)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6 APRIL 2023 TO 31 OCTOBER 2023


9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a
winding up There is no provision for specific legally enforceable protection afforded to creditors in such an event.

CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
JORIKKI LLP


The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Jorikki LLP for the period ended 31 October 2023 which comprise the Profit and loss account, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Jorikki LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jorikki LLP and state those matters that we have agreed to state to the members of Jorikki LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jorikki LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Jorikki LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jorikki LLP. You consider that Jorikki LLP is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Jorikki LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH


14 November 2023