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REGISTERED NUMBER: OC433937 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

JJ Marine LLP

JJ Marine LLP (Registered number: OC433937)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


JJ Marine LLP

General Information
for the Year Ended 31 December 2023







DESIGNATED MEMBERS: Mrs J Brown
D Brown
Mrs J Longhurst





REGISTERED OFFICE: Goole Boathouse,
Dutch Riverside
Goole
West Yorkshire
DN14 5TB





REGISTERED NUMBER: OC433937 (England and Wales)






JJ Marine LLP (Registered number: OC433937)

Report of the Members
for the Year Ended 31 December 2023

The members present their report with the financial statements of the LLP for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of

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

Mrs J Brown
D Brown
Mrs J Longhurst

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £145,682 (2022 - £101,293 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





D Brown - Designated member


30 July 2024

JJ Marine LLP (Registered number: OC433937)

Income Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £   

TURNOVER 891,287 596,469

Cost of sales 428,918 250,560
GROSS PROFIT 462,369 345,909

Administrative expenses 313,409 238,883
OPERATING PROFIT 4 148,960 107,026


Interest payable and similar expenses 3,278 5,733
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




145,682




101,293

JJ Marine LLP (Registered number: OC433937)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 509,017 484,696

CURRENT ASSETS
Stocks 22,614 11,100
Debtors 6 36,210 21,107
Cash at bank and in hand 57,285 63,087
116,109 95,294
CREDITORS
Amounts falling due within one year 7 76,213 131,941
NET CURRENT ASSETS/(LIABILITIES) 39,896 (36,647 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

548,913

448,049

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

220,948

120,084

MEMBERS' OTHER INTERESTS
Capital accounts 327,965 327,965
548,913 448,049

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 220,948 120,084
Members' other interests 327,965 327,965
Amounts due from members 6 (18,363 ) -
530,550 448,049

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 December 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.

JJ Marine LLP (Registered number: OC433937)

Balance Sheet - continued
31 December 2023


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 30 July 2024 and were signed by:





D Brown - Designated member

JJ Marine LLP (Registered number: OC433937)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

JJ Marine 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.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 7 (2022 - 5 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.12.23 31.12.22
£    £   
Depreciation - owned assets 60,461 50,174

JJ Marine LLP (Registered number: OC433937)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 480,000 91,590 571,590
Additions - 84,782 84,782
At 31 December 2023 480,000 176,372 656,372
DEPRECIATION
At 1 January 2023 64,000 22,894 86,894
Charge for year 32,000 28,461 60,461
At 31 December 2023 96,000 51,355 147,355
NET BOOK VALUE
At 31 December 2023 384,000 125,017 509,017
At 31 December 2022 416,000 68,696 484,696

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 2,847 6,107
Other debtors 33,363 15,000
36,210 21,107

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 9,357 9,223
Taxation and social security 19,037 12,177
Other creditors 47,819 110,541
76,213 131,941

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.
There is no provision for specific legally enforceable protection afforded to creditors in such an event.
There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.