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REGISTERED NUMBER: OC433873 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

FOR

JPE Page LLP

JPE Page LLP (Registered number: OC433873)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


JPE Page LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DESIGNATED MEMBERS: Mrs E L Page
J D Page





REGISTERED OFFICE: 23a Main Road
Astwood
Buckinghamshire
MK16 9JS





REGISTERED NUMBER: OC433873 (England and Wales)





ACCOUNTANTS: Connolly Accountants & Business Advisors Ltd
Chartered Certified Accountants
The Stable Yard
Vicarage Road
Stony Stratford
Milton Keynes
Buckinghamshire
MK11 1BN

JPE Page LLP (Registered number: OC433873)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 5 APRIL 2024

The members present their report with the financial statements of the LLP for the year ended 5 April 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of a property investment & rental company.

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

Mrs E L Page
J D Page

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £87,821 (2023 - £10,874 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Mrs E L Page - Designated member


12 April 2024

JPE Page LLP (Registered number: OC433873)

INCOME STATEMENT
FOR THE YEAR ENDED 5 APRIL 2024

2024 2023
Notes £    £   

TURNOVER 22,541 48,710

Cost of sales - 215
GROSS PROFIT 22,541 48,495

Administrative expenses (65,280 ) 37,600
OPERATING PROFIT 4 87,821 10,895


Interest payable and similar expenses - 21
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


87,821


10,874

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


87,821


10,874

Members' remuneration charged as an
expense

5

(87,821

)

(10,874

)
PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


-


-

JPE Page LLP (Registered number: OC433873)

BALANCE SHEET
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 179,364 555,887

CURRENT ASSETS
Debtors 7 14,119 1
Cash at bank 4,466 12,191
18,585 12,192
CREDITORS
Amounts falling due within one year 8 1,507 2,458
NET CURRENT ASSETS 17,078 9,734
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

196,442

565,621

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

196,442

565,621

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 196,442 565,621

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 5 April 2024.

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.

JPE Page LLP (Registered number: OC433873)

BALANCE SHEET - continued
5 APRIL 2024


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 12 April 2024 and were signed by:




Mrs E L Page - Designated member




J D Page - Designated member


JPE Page LLP (Registered number: OC433873)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

JPE Page 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.

Financial instruments
Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic Financial Assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is ant contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from related companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised costs, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

JPE Page LLP (Registered number: OC433873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

3. EMPLOYEE INFORMATION

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

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 8,646 8,571

5. INFORMATION IN RELATION TO MEMBERS
2024 2023
£    £   
Members' remuneration charged as an expense
Automatic division of profit 87,821 10,874

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 6 April 2023 530,000 40,736 570,736
Additions - 2,123 2,123
Disposals (370,000 ) - (370,000 )
At 5 April 2024 160,000 42,859 202,859
DEPRECIATION
At 6 April 2023 - 14,849 14,849
Charge for year - 8,646 8,646
At 5 April 2024 - 23,495 23,495
NET BOOK VALUE
At 5 April 2024 160,000 19,364 179,364
At 5 April 2023 530,000 25,887 555,887

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 14,119 1

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 128 1,079
Other creditors 1,379 1,379
1,507 2,458

JPE Page LLP (Registered number: OC433873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank behind all other creditors.