2023-01-01 OC429866 2023-12-31 OC429866 2023-01-01 2023-12-31 OC429866 2022-12-31 OC429866 2022-01-01 2022-12-31 OC429866 uk-core:WithinOneYear 2022-12-31 OC429866 uk-core:WithinOneYear 2023-12-31 OC429866 uk-core:AfterOneYear 2022-12-31 OC429866 uk-core:AfterOneYear 2023-12-31 OC429866 uk-bus:PartnerLLP1 2023-01-01 2023-12-31 OC429866 uk-core:CommercialMotorVehicles 2022-12-31 OC429866 uk-core:Buildings 2022-12-31 OC429866 uk-core:Buildings 2023-12-31 OC429866 uk-core:CommercialMotorVehicles 2023-12-31 OC429866 uk-core:CommercialMotorVehicles 2023-01-01 2023-12-31 OC429866 uk-core:Buildings 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure OC429866 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 OC429866 uk-bus:FRS102 2023-01-01 2023-12-31 OC429866 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 OC429866 uk-bus:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31
JBS Letting Family LLP
Registered Number:OC429866
For the year ended 31 December 2023
England and Wales
Report of the Members and Unaudited Financial Statements
2
For the year ended 31 December 2023
JBS Letting Family LLP
Contents Page
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Statement of Financial Position
3 to 4
Notes to the Financial Statements
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OC429866
Registered Number :
As at 31 December 2023
JBS Letting Family LLP
Statement of Financial Position
2022
£
£
2023
Notes
Fixed assets
Property, plant and equipment
1,738,021
1,738,776
3
1,738,021
1,738,776
Current assets
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
Represented by:
Loans and other debts due to members
746,124
741,798
6
Members' other interests
Other reserves
(26,615)
(5,005)
(26,615)
(5,005)
719,509
736,793
Total members' interests
Loans and other debts due to members
746,124
741,798
6
Members' other interests
(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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OC429866
Registered Number :
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:
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For the year ended 31 December 2023
JBS Letting Family LLP
Notes to the Financial Statements
1. Accounting policies
Statutory Information
JBS Letting Family LLP is a limited liability partnership, domiciled in England and Wales, registration number
OC429866.
Registered address:
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
Total
Motor
Vehicles
Land and
Buildings
£
£
£
Cost or
valuation
At 01 January 2023
1,740,900
5,900
1,735,000
At 31 December 2023
1,735,000
5,900
1,740,900
Provision for depreciation and impairment
At 01 January 2023
2,124
2,124
-
Charge for year
755
755
-
At 31 December 2023
2,879
2,879
-
At 31 December 2023
Net book value
1,735,000
3,021
1,738,021
At 31 December 2022
1,735,000
3,776
1,738,776
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Other creditors
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
Loans from members
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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