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REGISTERED NUMBER: OC319933 (England and Wales)









REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JEREMY GILES LLP

JEREMY GILES LLP (REGISTERED NUMBER: OC319933)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


JEREMY GILES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: Mrs S L Giles
J L Giles
A M Giles





REGISTERED OFFICE: 42A High Street
Broadstairs
Kent
CT10 1JT





REGISTERED NUMBER: OC319933 (England and Wales)





ACCOUNTANTS: Kemps Accounting Solutions Limited
Chartered Accountants
42A High Street
Broadstairs
Kent
CT10 1JT

JEREMY GILES LLP (REGISTERED NUMBER: OC319933)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MARCH 2024

The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of business advisory services.

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

Mrs S L Giles
J L Giles
A M Giles

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £10,239 (2023 - £39,106 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





J L Giles - Designated member


10 September 2024

JEREMY GILES LLP (REGISTERED NUMBER: OC319933)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 15,400 68,650

Cost of sales 5,180 11,369
GROSS PROFIT 10,220 57,281

Administrative expenses 20,459 18,175
OPERATING (LOSS)/PROFIT and
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS





(10,239





)





39,106

JEREMY GILES LLP (REGISTERED NUMBER: OC319933)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 807 1,326

CURRENT ASSETS
Cash at bank 16,519 57,143

CREDITORS
Amounts falling due within one year 6 58,423 58,424
NET CURRENT LIABILITIES (41,904 ) (1,281 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET (LIABILITIES)/ASSETS
ATTRIBUTABLE TO MEMBERS

(41,097

)

45

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts (41,097 ) 45
(41,097 ) 45

TOTAL MEMBERS' INTERESTS
Members' other interests (41,097 ) 45

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 March 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.

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 10 September 2024 and were signed by:



J L Giles - Designated member

JEREMY GILES LLP (REGISTERED NUMBER: OC319933)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Jeremy Giles 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.
Plant and machinery etc - Straight line over 14 years

3. EMPLOYEE INFORMATION

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

4. OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets 519 609

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 3,747
DEPRECIATION
At 1 April 2023 2,421
Charge for year 519
At 31 March 2024 2,940
NET BOOK VALUE
At 31 March 2024 807
At 31 March 2023 1,326

JEREMY GILES LLP (REGISTERED NUMBER: OC319933)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 58,423 58,424