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REGISTERED NUMBER: OC315575 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2023 TO 5 APRIL 2024

FOR

J & M PROPERTIES BODIAM LLP

J & M PROPERTIES BODIAM LLP (REGISTERED NUMBER: OC315575)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 5 APRIL 2024




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


J & M PROPERTIES BODIAM LLP

GENERAL INFORMATION
FOR THE PERIOD 1 MARCH 2023 TO 5 APRIL 2024







DESIGNATED MEMBERS: J Burgess
Mrs M G Burgess





REGISTERED OFFICE: Ground Floor
Oakhurst House
77 Mount Ephraim
TUNBRIDGE WELLS
Kent
TN4 8BS





REGISTERED NUMBER: OC315575 (England and Wales)





ACCOUNTANTS: Wells Associates
Ground Floor Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS

J & M PROPERTIES BODIAM LLP (REGISTERED NUMBER: OC315575)

STATEMENT OF FINANCIAL POSITION
5 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 33,944 42,258
Investment property 5 1,300,000 1,300,000
1,333,944 1,342,258

CURRENT ASSETS
Debtors 6 386,229 386,229
Cash at bank 8,509 7,565
394,738 393,794
CREDITORS
Amounts falling due within one year 7 (86,555 ) (86,555 )
NET CURRENT ASSETS 308,183 307,239
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,642,127 1,649,497

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

342,127

2,624,497

MEMBERS' OTHER INTERESTS
Capital accounts 1,300,000 (975,000 )
1,642,127 1,649,497

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 342,127 2,624,497
Members' other interests 1,300,000 (975,000 )
Amounts due from members 6 (380,473 ) (380,473 )
1,261,654 1,269,024

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 period ended 5 April 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.

J & M PROPERTIES BODIAM LLP (REGISTERED NUMBER: OC315575)

STATEMENT OF FINANCIAL POSITION - continued
5 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 16 September 2024 and were signed by:




J Burgess - Designated member




Mrs M G Burgess - Designated member


J & M PROPERTIES BODIAM LLP (REGISTERED NUMBER: OC315575)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 5 APRIL 2024

1. STATUTORY INFORMATION

J & M Properties Bodiam 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 as modified by the revaluation of certain assets.

Turnover
Revenue 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

Investment property
In accordance with FRS 102 reporting standards investment property is initially recognised at cost including directly attributable expenditure, with no depreciation charged on the properties held during the financial year.

Subsequent to initial recognition investment property is carried at fair value. Fair value is the price that would be received for the sale of the asset between two active market participants in an arms length transaction at the financial position date. Any fair value gains or losses arising from remeasurement are to be projected through the profit and loss account in accordance with the reporting standards.

Valuations under the fair value model are provided by the directors at the end of the reporting period.

The company is not subject to any restrictions relating to the realisability of investment property, or the remittance of income and proceeds of disposal.

3. EMPLOYEE INFORMATION

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

J & M PROPERTIES BODIAM LLP (REGISTERED NUMBER: OC315575)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 5 APRIL 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 55,062 750 51,995 650 108,457
Additions 3,000 - - - 3,000
At 5 April 2024 58,062 750 51,995 650 111,457
DEPRECIATION
At 1 March 2023 48,165 572 16,812 650 66,199
Charge for period 2,474 44 8,796 - 11,314
At 5 April 2024 50,639 616 25,608 650 77,513
NET BOOK VALUE
At 5 April 2024 7,423 134 26,387 - 33,944
At 28 February 2023 6,897 178 35,183 - 42,258

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 5 April 2024 1,300,000
NET BOOK VALUE
At 5 April 2024 1,300,000
At 28 February 2023 1,300,000

The investment properties have been valued at 28 February 2024 by the members of the LLP, an
independent expert has not been used. The valuation is considered to be the current market value for the
investment properties concerned taking into account the current market conditions, the rental status of the properties and the income arising.

Fair value at 5 April 2024 is represented by:
£   
Valuation in 2017 (825,000 )
Valuation in 2019 (150,000 )
Cost 2,275,000
1,300,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts due from members 380,473 380,473
Other debtors 5,756 5,756
386,229 386,229

J & M PROPERTIES BODIAM LLP (REGISTERED NUMBER: OC315575)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 5 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 84,555 84,555
Accrued expenses 2,000 2,000
86,555 86,555

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with unsecured creditors. Members' other interests rank pari passu with unsecured creditors.