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REGISTERED NUMBER: OC432165 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

KJTG Proprietary Trading LLP

KJTG Proprietary Trading LLP (Registered number: OC432165)

Contents of the Financial Statements
for the year ended 30 June 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KJTG Proprietary Trading LLP

General Information
for the year ended 30 June 2023







Designated members: S D Gordon
M Taylor





Registered office: 79 Maygrove Road
London
NW6 2EG





Registered number: OC432165 (England and Wales)

KJTG Proprietary Trading LLP (Registered number: OC432165)

Balance Sheet
30 June 2023

2023 2022
Notes £ £
Current assets
Debtors 4 40,276 79
Cash at bank 217,332 221,021
257,608 221,100
Creditors
Amounts falling due within one year 5 197,615 143,238
Net current assets 59,993 77,862
Total assets less current liabilities
and
Net assets attributable to members 59,993 77,862

Loans and other debts due to members - -

Members' other interests
Capital accounts 130,000 130,000
Other reserves (70,007 ) (52,138 )
59,993 77,862

Total members' interests
Members' other interests 59,993 77,862
Amounts due from members 4 (40,000 ) -
19,993 77,862

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 30 June 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 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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 28 November 2023 and were signed by:



M Taylor - Designated member

KJTG Proprietary Trading LLP (Registered number: OC432165)

Notes to the Financial Statements
for the year ended 30 June 2023


1. Statutory information

KJTG Proprietary Trading 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.

The presentational and functional currency of the financial statements is the Pound Sterling (£).

Amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when receivable, on the accruals basis.

Financial instruments
Financial assets and liabilities are recognised when the firm becomes party to the contractual provisions of the financial instrument. The firm only holds basic financial instruments which comprise cash and cash equivalents, trade and other payables. As such, the LLP has chosen to apply the provisions of Section 11 Basic Financial Instruments.

Financial assets and liabilities - classified as basic financial instruments

(i) Cash at bank and in hand
Cash at bank and in hand include cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

(ii) Trade and other payables and loans and borrowings
Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the undiscounted amount of the cash expected to be paid.

Taxation
As an LLP, KJTG Proprietary Trading LLP has made no provision for taxation in the accounts. Each partner is exclusively liable for any tax liabilities arising out of their interest in the Partnership, which will be assessed on the individual partners and not on the Partnership.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the Balance Sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
These financial statements have been prepared on a going concern basis.

Based on assessment, the members consider that the LLP maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations and external debt liabilities.

In addition, the LLP's assets are assessed for recoverability on a regular basis, and the members consider that the LLP is not exposed to losses on these assets which would affect their decision to adopt the going concern basis.

KJTG Proprietary Trading LLP (Registered number: OC432165)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


3. Employee information

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

4. Debtors: amounts falling due within one year
2023 2022
£ £
Other debtors 40,276 79

5. Creditors: amounts falling due within one year
2023 2022
£ £
Other creditors 197,615 143,238

6. Related party disclosures

At the year end, an amount of £193,934 (2022: £140,238) was included in creditors owed to LLPs in which the designated members have a controlling interest.

During the period, the LLP was recharged £47,500 from a related party in respect of wages.

7. Ultimate controlling party

The members have equal control of the LLP.