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REGISTERED NUMBER: OC342689 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

RYAN JONES LLP

RYAN JONES LLP (REGISTERED NUMBER: OC342689)






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




Page

General Information 1

Report of the Members 2

Income Statement 3

Statement of Financial Position 4 to 5

Notes to the Financial Statements 6 to 7


RYAN JONES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: R M Jones
A J Snarey





REGISTERED OFFICE: 5a High Street
Market Deeping
Cambridgeshire
PE6 8ED





REGISTERED NUMBER: OC342689 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ

RYAN JONES LLP (REGISTERED NUMBER: OC342689)

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 estate agents.

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

R M Jones
A J Snarey

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £44,808 (2023 - £74,255 profit).

MEMBERS' INTERESTS

Members capital is subscribed to in accordance with the members agreement and will be repaid by the Limited Liability Partnership on the departure of a member from the Limited Liability Partnership.
Profits for the year are allocated in accordance with the members agreement.
Members may only make drawings on account of profits if all members agree and in such case any overdrawing of profits, as disclosed in the annual financial statements, shall be repaid immediately.

ON BEHALF OF THE MEMBERS:





R M Jones - Designated member


18 October 2024

RYAN JONES LLP (REGISTERED NUMBER: OC342689)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
£    £   

TURNOVER 196,609 229,531

Cost of sales 44,674 46,037
GROSS PROFIT 151,935 183,494

Administrative expenses 107,127 109,239
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT SHARES
AVAILABLE FOR DISCRETIONARY DIVISION
AMONG MEMBERS



44,808



74,255

RYAN JONES LLP (REGISTERED NUMBER: OC342689)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,975 5,073

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 5 100,550 94,918
Cash at bank and in hand 21,937 47,314
125,487 145,232
CREDITORS
Amounts falling due within one year 6 19,654 11,049
NET CURRENT ASSETS 105,833 134,183
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 109,808 139,256

LOANS AND OTHER DEBTS DUE TO MEMBERS 8 65,000 65,000

MEMBERS' OTHER INTERESTS
Other reserves 44,808 74,256
109,808 139,256

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 65,000 65,000
Members' other interests 44,808 74,256
Amounts due from members 5 (78,594 ) (87,686 )
31,214 51,570

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.

RYAN JONES LLP (REGISTERED NUMBER: OC342689)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 18 October 2024 and were signed by:




R M Jones - Designated member




A J Snarey - Designated member


RYAN JONES LLP (REGISTERED NUMBER: OC342689)

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

1. STATUTORY INFORMATION

Ryan Jones LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents commissions earned on the sale of properties, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% on reducing balance

Stocks
Stocks represents the value of expenses incurred at the statement of financial position date in respect of property available for sale at that date. Costs include the estimated time spent by the firm's staff in listing an individual property.

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2023 16,297
Disposals (1,418 )
At 31 March 2024 14,879
DEPRECIATION
At 1 April 2023 11,224
Charge for year 994
Eliminated on disposal (1,314 )
At 31 March 2024 10,904
NET BOOK VALUE
At 31 March 2024 3,975
At 31 March 2023 5,073

RYAN JONES LLP (REGISTERED NUMBER: OC342689)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,378 240
Other debtors 85,172 94,678
100,550 94,918

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,240 1,275
Taxation and social security 5,010 5,519
Other creditors 5,404 4,255
19,654 11,049

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 783 9,169

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Amounts due to members would rank alongside ordinary unsecured creditors in the event of a winding up.
There is no protection offered to unsecured creditors which is legally enforceable.