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REGISTERED NUMBER: OC301409 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Just Fir LLP

Just Fir LLP (Registered number: OC301409)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Just Fir LLP

General Information
for the Year Ended 28 February 2023







DESIGNATED MEMBERS: J A Mallet
D E Mallet





REGISTERED OFFICE: The Old Coal Yard
Par Moor Road
Par
Cornwall
PL24 2SQ





REGISTERED NUMBER: OC301409 (England and Wales)

Just Fir LLP (Registered number: OC301409)

Abridged Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 172,263 117,673

CURRENT ASSETS
Stocks 33,129 35,640
Debtors 3,806 10,506
Cash at bank and in hand 33,199 57,457
70,134 103,603
CREDITORS
Amounts falling due within one year 141,452 128,611
NET CURRENT LIABILITIES (71,318 ) (25,008 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,945

92,665

CREDITORS
Amounts falling due after more than one
year

58,656

79,228
NET ASSETS ATTRIBUTABLE TO
MEMBERS

42,289

13,437

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

42,289

13,437

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 42,289 13,437

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 28 February 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.

Just Fir LLP (Registered number: OC301409)

Abridged Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 27 November 2023 and were signed by:





J A Mallet - Designated member

Just Fir LLP (Registered number: OC301409)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Just Fir 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 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.

Leasehold property- 2% on reducing balance
Plant and machinery- 15% on reducing balance
Motor vehicles - 25% 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.

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 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 242,837
Additions 68,064
At 28 February 2023 310,901
DEPRECIATION
At 1 March 2022 125,164
Charge for year 13,474
At 28 February 2023 138,638
NET BOOK VALUE
At 28 February 2023 172,263
At 28 February 2022 117,673

Just Fir LLP (Registered number: OC301409)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 79,610 99,710

6. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 42,289 13,437

Falling due within one year 42,289 13,437

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.
There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.