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REGISTERED NUMBER: OC429111 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

JTK CAPITAL LLP

JTK CAPITAL LLP (REGISTERED NUMBER: OC429111)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JTK CAPITAL LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DESIGNATED MEMBERS: E J Kump
Mrs A C Kump





REGISTERED OFFICE: Apartment 601
7 Pearson Square
London
W1T 3BP





REGISTERED NUMBER: OC429111 (England and Wales)





ACCOUNTANTS: Avraam Associates Limited
Chartered Accountants
495 Green Lanes
London
N13 4BS

JTK CAPITAL LLP (REGISTERED NUMBER: OC429111)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,874 1,874

CURRENT ASSETS
Debtors 5 1,261,969 1,479,350

CREDITORS
Amounts falling due within one year 6 1,920 1,920
NET CURRENT ASSETS 1,260,049 1,477,430
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,261,923 1,479,304

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

1,261,823

1,479,204

MEMBERS' OTHER INTERESTS
Members' capital classified as
equity 100 100
1,261,923 1,479,304

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 1,261,823 1,479,204
Members' other interests 100 100
1,261,923 1,479,304

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 31st October 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.

JTK CAPITAL LLP (REGISTERED NUMBER: OC429111)

BALANCE SHEET - continued
31ST OCTOBER 2023


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 23rd October 2024 and were signed by:





E J Kump - Designated member

JTK CAPITAL LLP (REGISTERED NUMBER: OC429111)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023

1. STATUTORY INFORMATION

Jtk Capital 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
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the LLP will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably;
and
- the costs incurred and the costs to complete the contract can be measured reliably

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 discretionarily. 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.

Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the
effective interest method, less any impairment.

JTK CAPITAL LLP (REGISTERED NUMBER: OC429111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

2. ACCOUNTING POLICIES - continued

Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans,
are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised
cost using the effective interest method.

3. EMPLOYEE INFORMATION

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st November 2022
and 31st October 2023 1,874
NET BOOK VALUE
At 31st October 2023 1,874
At 31st October 2022 1,874

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 20,342 16,000
Other debtors - 13,350
20,342 29,350

Amounts falling due after more than one year:
Other debtors 1,241,627 1,450,000

Aggregate amounts 1,261,969 1,479,350

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 1,920 1,920

JTK CAPITAL LLP (REGISTERED NUMBER: OC429111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 1,261,823 1,479,204

Falling due within one year 1,261,823 1,479,204

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of winding up.

8. RELATED PARTY DISCLOSURES

During the year the LLP earned £34,969 (2022: £78,000) of interest income from connected companies.