IRIS Accounts Production v24.1.9.2 OC388238 designated member designated member 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3882382022-10-31OC3882382023-10-31OC3882382022-11-012023-10-31OC3882382021-10-31OC3882382021-11-012022-10-31OC3882382022-10-31OC388238ns15:EnglandWales2022-11-012023-10-31OC388238ns14:PoundSterling2022-11-012023-10-31OC388238ns10:Director12022-11-012023-10-31OC388238ns10:Director22022-11-012023-10-31OC388238ns10:LimitedLiabilityPartnershipLLP2022-11-012023-10-31OC388238ns10:SmallEntities2022-11-012023-10-31OC388238ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-31OC388238ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-31OC388238ns10:LimitedLiabilityPartnershipsSORP2022-11-012023-10-31OC388238ns10:FullAccounts2022-11-012023-10-31OC388238ns10:Director32022-11-012023-10-31OC388238ns10:Director42022-11-012023-10-31OC388238ns10:Director52022-11-012023-10-31OC388238ns10:RegisteredOffice2022-11-012023-10-31OC388238ns5:CurrentFinancialInstruments2023-10-31OC388238ns5:CurrentFinancialInstruments2022-10-31OC388238ns5:Non-currentFinancialInstruments2023-10-31OC388238ns5:Non-currentFinancialInstruments2022-10-31OC388238ns5:PlantMachinery2022-11-012023-10-31OC388238ns5:PlantMachinery2022-10-31OC388238ns5:PlantMachinery2023-10-31OC388238ns5:PlantMachinery2022-10-31OC388238ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-31OC388238ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-31
REGISTERED NUMBER: OC388238 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

PETER JARMAN LLP

PETER JARMAN LLP (REGISTERED NUMBER: OC388238)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PETER JARMAN LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DESIGNATED MEMBERS: P R Jarman
K Khoroosi
Miss S Allaway
Miss C Britnell
Miss A Lisney





REGISTERED OFFICE: 1 Harbour House
Harbour Way
Shoreham By Sea
West Sussex
BN43 5HZ





REGISTERED NUMBER: OC388238 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

PETER JARMAN LLP (REGISTERED NUMBER: OC388238)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 49,451 11,769

CURRENT ASSETS
Stocks 14,106 11,705
Debtors 5 195,151 138,610
Cash at bank and in hand 614,583 863,400
823,840 1,013,715
CREDITORS
Amounts falling due within one year 6 (635,239 ) (745,078 )
NET CURRENT ASSETS 188,601 268,637
TOTAL ASSETS LESS CURRENT
LIABILITIES

238,052

280,406

CREDITORS
Amounts falling due after more than one
year

7

(49,829

)

(31,724

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

188,223

248,682

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

88,223

148,682

MEMBERS' OTHER INTERESTS
Capital accounts 100,000 100,000
188,223 248,682

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 88,223 148,682
Members' other interests 100,000 100,000
188,223 248,682

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 31 October 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.

PETER JARMAN LLP (REGISTERED NUMBER: OC388238)

BALANCE SHEET - continued
31 OCTOBER 2023


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 31 July 2024 and were signed by:





P R Jarman - Designated member

PETER JARMAN LLP (REGISTERED NUMBER: OC388238)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Peter Jarman 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 represents the net amounts charged to customers for goods and services provided during the accounting period, excluding value added tax, as adjusted for work in progress.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads as well profits, which are allocated over the term of the contract on a time basis.

For ongoing annual contracts, where the net value of amounts invoiced to customers exceeds the value of work in progress at the year end, this amount is shown under Creditors as Fees in Advance.

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.

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.

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 22 (2022 - 22 ) .

PETER JARMAN LLP (REGISTERED NUMBER: OC388238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 72,784
Additions 61,245
Disposals (61,816 )
At 31 October 2023 72,213
DEPRECIATION
At 1 November 2022 61,015
Charge for year 12,401
Eliminated on disposal (50,654 )
At 31 October 2023 22,762
NET BOOK VALUE
At 31 October 2023 49,451
At 31 October 2022 11,769

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 182,249 124,621
Other debtors 12,902 13,989
195,151 138,610

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 4,166
Hire purchase contracts 6,450 -
Trade creditors 151,685 149,206
Taxation and social security 131,194 108,974
Other creditors 335,910 482,732
635,239 745,078

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,872 31,724
Hire purchase contracts 33,957 -
49,829 31,724

PETER JARMAN LLP (REGISTERED NUMBER: OC388238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members (other than members' capital classified as debt) would rank pari-passu with other creditors in the event of a winding up of the company.

9. ULTIMATE CONTROLLING PARTY

The controlling party is P R Jarman.