Registered Number:OC429866 |
For the year ended 31 December 2023
England and Wales
Report of the Members and Unaudited Financial Statements
For the year ended 31 December 2023
JBS Letting Family LLP
Contents Page
1 to 2
Statement of Financial Position
3 to 4
Notes to the Financial Statements
JBS Letting Family LLP
Statement of Financial Position
2022
2023
Property, plant and equipment |
1,738,021
1,738,776
3
1,738,021
1,738,776
3,035
10,361
Cash and cash equivalents |
3,035
10,361
Trade and other payables: amounts falling due within one |
year |
(1,620)
(1,620)
4
8,741
1,415
Net current assets
Total assets less current liabilities |
1,739,436
1,747,517
Trade and other payables: amounts falling due after more |
than one year |
(1,010,724)
(1,019,927)
5
719,509
Net assets attributable to members
736,793
Loans and other debts due to members |
746,124
741,798
6
(26,615)
(5,005)
(26,615)
(5,005)
719,509
736,793
Loans and other debts due to members |
746,124
741,798
6
(26,615)
(5,005)
719,509
736,793
For the year ended 31 December 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs. |
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 affair of the LLP as at the end of each |
financial year and of its profit or loss for each 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 |
Liabilities Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to the |
financial statements, so far as applicable to the LLP |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements are prepared in accordance with the provisions applicable to LLP's subject to the small LLP's regime. |
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For the year ended 31 December 2023
JBS Letting Family LLP
Statement of Financial Position Continued
Mr David R JarvisDesignated Member |
These financial statements were approved by the members on 22 May 2024 and signed on their behalf by:
2 of 4
For the year ended 31 December 2023
JBS Letting Family LLP
Notes to the Financial Statements
Statutory Information
JBS Letting Family LLP is a limited liability partnership, domiciled in England and Wales, registration number |
OC429866. |
2 Guthrum Close
Court Lane
Birmingham
B23 5JX
The presentation currency is £ sterling. |
Basis of preparation
The report and financial statements for the year ended 31 December 2023 have been prepared under the historical |
cost convention and in accordance with the Section 1A of Financial Reporting Standard 102 ''The Financial |
Reporting Standard applicable in the UK and Republic of Ireland'' and the Statement of Recommended Practice |
"Accounting by Limited Liability Partnerships". |
Investment property
IInvestment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified. |
2. Interest payable and similar charges |
2023
2022
Interest payable on bank borrowing |
54,269
32,304
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For the year ended 31 December 2023
JBS Letting Family LLP
Notes to the Financial Statements Continued
3. Property, plant and equipment |
1,740,900
5,900
1,735,000
1,735,000
5,900
1,740,900
Provision for depreciation and impairment |
2,124
2,124
-
Charge for year
755
755
-
2,879
2,879
-
1,735,000
3,021
1,738,021
1,735,000
3,776
1,738,776
4. Trade and other payables: amounts falling due within one year |
2022
2023
1,620
1,620
5. Trade and other payables: amounts falling due after more than one year |
2023
2022
The following liabilities disclosed under creditors falling due after one year are secured by the LLP: |
1,019,927
1,010,724
Bank loans and overdrafts (secured)
6. Loans and other debts due to members |
2022
2023
735,898
Members' capital classified as a liability |
735,898
10,226
5,900
746,124
741,798
7. Average number of persons employed |
During the year the average number of employees was 1 (2022 : 2)
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