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REGISTERED NUMBER: 06003195 (England and Wales)















The JMB Partnership Ltd

Unaudited Financial Statements

for the Year Ended 29 December 2023






The JMB Partnership Ltd (Registered number: 06003195)






Contents of the Financial Statements
for the Year Ended 29 December 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


The JMB Partnership Ltd

Company Information
for the Year Ended 29 December 2023







DIRECTOR: Mr J M Blakemore





SECRETARY: Mr M G Blakemore





REGISTERED OFFICE: 87 Warwick Street
Leamington Spa
Warwickshire
CV32 4RJ





REGISTERED NUMBER: 06003195 (England and Wales)





ACCOUNTANTS: Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP

The JMB Partnership Ltd (Registered number: 06003195)

Balance Sheet
29 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,277 8,370

CURRENT ASSETS
Debtors 5 63,408 34,293
Cash at bank 589 6,977
63,997 41,270
CREDITORS
Amounts falling due within one year 6 74,847 62,028
NET CURRENT LIABILITIES (10,850 ) (20,758 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,573

)

(12,388

)

CREDITORS
Amounts falling due after more than one
year

7

21,094

29,530
NET LIABILITIES (25,667 ) (41,918 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (25,767 ) (42,018 )
(25,667 ) (41,918 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

The JMB Partnership Ltd (Registered number: 06003195)

Balance Sheet - continued
29 December 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 October 2024 and were signed by:





Mr J M Blakemore - Director


The JMB Partnership Ltd (Registered number: 06003195)

Notes to the Financial Statements
for the Year Ended 29 December 2023

1. STATUTORY INFORMATION

The JMB Partnership Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. 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.
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The director of the company has confirmed that sufficient financial support will be provided to enable this company to continue its operations for a period of not less than 12 months from the date the balance sheet is signed and accordingly the financial statements are prepared on a going concern basis.

The JMB Partnership Ltd (Registered number: 06003195)

Notes to the Financial Statements - continued
for the Year Ended 29 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 30 December 2022
and 29 December 2023 33,119
DEPRECIATION
At 30 December 2022 24,749
Charge for year 2,093
At 29 December 2023 26,842
NET BOOK VALUE
At 29 December 2023 6,277
At 29 December 2022 8,370

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,873 29,390
Other debtors 52,535 4,903
63,408 34,293

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,905 7,561
Trade creditors 2,203 -
Taxation and social security 33,119 30,445
Other creditors 27,620 24,022
74,847 62,028

The JMB Partnership Ltd (Registered number: 06003195)

Notes to the Financial Statements - continued
for the Year Ended 29 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 21,094 28,417
Other creditors - 1,113
21,094 29,530

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end date the director had an overdrawn directors loan account of £49,524 (2022, £4,658). The loan is repayable on demand and charges at statutory rate of interest.