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REGISTERED NUMBER: OC305011 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Jacksons Commercial & Private Law LLP

Jacksons Commercial & Private Law LLP (Registered number: OC305011)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jacksons Commercial & Private Law LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: A J Wentworth
T M Joel
E M Turner
N H Neilson





REGISTERED OFFICE: 17 Falcon Court
Preston Farm Ind Estate
STOCKTON ON TEES
TS18 3TU





REGISTERED NUMBER: OC305011 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Jacksons Commercial & Private Law LLP (Registered number: OC305011)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,280 118,590
Investments 5 1 1
102,281 118,591

CURRENT ASSETS
Debtors 6 1,260,777 1,482,863
Cash at bank and in hand 963,489 893,620
2,224,266 2,376,483
CREDITORS
Amounts falling due within one year 7 813,343 920,617
NET CURRENT ASSETS 1,410,923 1,455,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,513,204

1,574,457

CREDITORS
Amounts falling due after more than one
year

8

30,293

138,780
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,482,911

1,435,677

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

1,482,911

1,435,677

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 1,482,911 1,435,677

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.

Jacksons Commercial & Private Law LLP (Registered number: OC305011)

Balance Sheet - continued
31 March 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 18 September 2024 and were signed by:





A J Wentworth - Designated member

Jacksons Commercial & Private Law LLP (Registered number: OC305011)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Jacksons Commercial & Private Law 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and have also been consistently applied within the same accounts.

Turnover
Turnover represents amounts chargeable to clients for professional services provided during the year excluding sales tax and third-party invoiced disbursements. Revenue is recognised on an individual engagement basis when the right to consideration has been obtained from the client in exchange for work performed and where the recoverability of the consideration can be assessed with reasonable certainty. Turnover in respect of contingent fee assignments (over and above any agreed minimum fee) is only recognised when the contingent event occurs and collectability of the fee is assured.

Unbilled turnover on individual client assignments is included in amounts recoverable on contracts within debtors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and office equipment - 25% on cost, 15% on cost and over period of the lease
Computer equipment - 25% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Leasing commitments
Rentals charged under operating leases are recognised in the profit and loss account in the period to which they relate.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to the profit and loss accounts over the relevant period. The capital element of the future payments is treated as a liability.

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.

Investments
Investments held as fixed assets are stated at cost less provision for any impairment in value.

Jacksons Commercial & Private Law LLP (Registered number: OC305011)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Operating leases
All operating leases are charged to the profit and loss account on a straight line basis over the lease term.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 89 (2023 - 87 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
office Computer
equipment equipment Totals
£    £    £   
COST
At 1 April 2023 295,766 258,643 554,409
Additions - 24,306 24,306
Disposals (967 ) - (967 )
At 31 March 2024 294,799 282,949 577,748
DEPRECIATION
At 1 April 2023 210,347 225,472 435,819
Charge for year 20,573 20,043 40,616
Eliminated on disposal (967 ) - (967 )
At 31 March 2024 229,953 245,515 475,468
NET BOOK VALUE
At 31 March 2024 64,846 37,434 102,280
At 31 March 2023 85,419 33,171 118,590

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 27
PROVISIONS
At 1 April 2023
and 31 March 2024 26
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

Jacksons Commercial & Private Law LLP (Registered number: OC305011)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 806,648 712,750
Amounts recoverable on
contracts 395,365 426,330
Prepayments 58,764 343,783
1,260,777 1,482,863

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Loans 91,820 248,583
Trade creditors 21,918 15,212
Taxation and social security 237,478 199,472
Other creditors 38,174 28,512
Amounts due to related undertakings - 600
Accruals and deferred income 423,953 428,238
813,343 920,617

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Loans 30,293 122,113
Accruals and deferred income - 16,667
30,293 138,780

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 161,350 167,289
Between one and five years 375,630 593,388
536,980 760,677

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.