Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false1true12023-04-01No description of principal activityfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC426188 2023-03-31 OC426188 2023-04-01 2024-03-31 OC426188 2022-03-01 2023-02-28 OC426188 2024-03-31 OC426188 2023-02-28 OC426188 c:FreeholdInvestmentProperty 2024-03-31 OC426188 c:FreeholdInvestmentProperty 2023-02-28 OC426188 c:CurrentFinancialInstruments 2024-03-31 OC426188 c:CurrentFinancialInstruments 2023-02-28 OC426188 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC426188 c:CurrentFinancialInstruments c:WithinOneYear 2023-02-28 OC426188 d:FRS102 2023-04-01 2024-03-31 OC426188 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC426188 d:FullAccounts 2023-04-01 2024-03-31 OC426188 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC426188 6 2023-04-01 2024-03-31 OC426188 d:PartnerLLP1 2023-04-01 2024-03-31 OC426188 d:PartnerLLP2 2023-04-01 2024-03-31 OC426188 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC426188 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-02-28 OC426188 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC426188 c:FurtherSpecificReserve2ComponentTotalEquity 2023-02-28 OC426188 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: OC426188







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


JESGOD LLP






































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JESGOD LLP
 



INFORMATION




Designated Members

J M Goddard
Goddard Estates Limited

 


JESGOD LLP
REGISTERED NUMBER:OC426188



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
247,657
247,657

Investment property
 5 
1,591,000
1,591,000

  
1,838,657
1,838,657

Current assets
  

Cash at bank and in hand
  
14,175
3,384

  
14,175
3,384

Creditors: Amounts Falling Due Within One Year
 6 
(124,116)
(101,431)

Net current liabilities
  
 
 
(109,941)
 
 
(98,047)

Total assets less current liabilities
  
1,728,716
1,740,610

  

Net assets
  
1,728,716
1,740,610


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
1,612,716
1,624,610

Other reserves classified as equity
  
116,000
116,000

  
 
1,728,716
 
1,740,610

  
1,728,716
1,740,610


Total members' interests
  

Members' other interests
  
1,728,716
1,740,610

  
1,728,716
1,740,610


Page 1

 


JESGOD LLP
REGISTERED NUMBER:OC426188


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




J M Goddard
Designated member

Date: 7 October 2024

The notes on pages 4 to 6 form part of these financial statements.

Page 2

 


JESGOD LLP
 



RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2024





EQUITY
Members' other interests
Members' capital (classified as equity)
Other reserves
Total

£
£
£

Profit for the year available for discretionary division among members
 
-
116,000
116,000

Members' interests after profit for the year
1,633,342
116,000
1,749,342

Other division of profits and losses
(11,442)
-
(11,442)

Repayment of capital
2,710
-
2,710

Balance at 31 March 2023
1,624,610
116,000
1,740,610

Members' interests after profit for the year
1,624,610
116,000
1,740,610

Other division of profits and losses
(16,794)
-
(16,794)

Amounts introduced by members
24,000
-
24,000

Repayment of capital
(19,100)
-
(19,100)

Balance at 31 March 2024 
1,612,716
116,000
1,728,716

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

 


JESGOD LLP
 


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

1.


General information

JESGOD LLP is a limited liability partnership limited by shares incorporated in England and Wales. The address of the registered office and principal place of business is disclosed on the company information page.
The financial statements are presented in sterling which is the functional currency of the company and rounded to
the nearest £.
The finacial statements represent a 13 month period to 31 March 2024. The change of accounting reference date is reflective in changes to tax legislation regarding basis periods.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits both automatically and discretionarily. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in . Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable.

Profits of the LLP which are not yet divided among the members are shown under 'Other reserves' on the Statement of Financial Position, pending a discretionary decision to divide the profits.

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

 
2.3

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.4

Valuation of investments

Unlisted investments are measured at cost less accumalated impairment.

Page 4

 


JESGOD LLP
 


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

2.Accounting policies (continued)

 
2.5

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees




The average monthly number of employees, including members, during the year was 1 (2023 - 1).


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 April 2023
247,657



At 31 March 2024
247,657




Page 5

 


JESGOD LLP
 


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

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
1,591,000



At 31 March 2024
1,591,000

The 2024 valuations were made by the designated members, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
1,475,000
1,475,000

1,475,000
1,475,000

Other reserves classified as equity totalling £116,000 represent the investment propert revaluation reserve divisible amongst members upon sale of properties.


6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
108,716
98,631

Accruals and deferred income
15,400
2,800

124,116
101,431


 
Page 6