IRIS Accounts Production v24.3.0.553 OC379277 designated member 1.11.22 31.3.24 31.3.24 property management. 0 0 false true false false true false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3792772022-10-31OC3792772024-03-31OC3792772022-11-012024-03-31OC3792772021-10-31OC3792772021-11-012022-10-31OC3792772022-10-31OC379277ns15:EnglandWales2022-11-012024-03-31OC379277ns14:PoundSterling2022-11-012024-03-31OC379277ns10:PartnerLLP12022-11-012024-03-31OC379277ns10:LimitedLiabilityPartnershipLLP2022-11-012024-03-31OC379277ns10:SmallEntities2022-11-012024-03-31OC379277ns10:AuditExempt-NoAccountantsReport2022-11-012024-03-31OC379277ns10:SmallCompaniesRegimeForAccounts2022-11-012024-03-31OC379277ns10:LimitedLiabilityPartnershipsSORP2022-11-012024-03-31OC379277ns10:AbridgedAccounts2022-11-012024-03-31OC379277ns10:RegisteredOffice2022-11-012024-03-31OC379277ns5:CurrentFinancialInstruments2022-10-31OC379277ns5:CurrentFinancialInstruments2024-03-31OC379277ns5:CapitalRedemptionReserve2022-10-31OC379277ns5:CapitalRedemptionReserve2024-03-31OC379277ns5:LandBuildings2022-11-012024-03-31OC379277ns5:OwnedAssets2022-11-012024-03-31OC379277ns5:OwnedAssets2021-11-012022-10-31
REGISTERED NUMBER: OC379277 (England and Wales)














REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024

FOR

JAKET LLP

JAKET LLP (REGISTERED NUMBER: OC379277)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024




Page

General Information 1

Report of the Members 2

Abridged Income Statement 3

Abridged Balance Sheet 4

Notes to the Financial Statements 6


JAKET LLP

GENERAL INFORMATION
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024







DESIGNATED MEMBERS: Mrs T Porter
Mr J Porter





REGISTERED OFFICE: 3rd Floor
207 Regent Street
London
W1B 3HH





REGISTERED NUMBER: OC379277 (England and Wales)






JAKET LLP (REGISTERED NUMBER: OC379277)

REPORT OF THE MEMBERS
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024

The members present their report with the financial statements of the LLP for the period 1 November 2022 to 31 March 2024.

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

Mrs T Porter
Mr J Porter

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The profit for the period before members' remuneration and profit shares was £65,584 (2022 - £39,082 profit).

MEMBERS' INTERESTS
Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the start of each financial year, taking into account the anticipated cash needs of the LLP.

New members are required to subscribe a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amount of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members. There are no restrictions on members in respect of reducing the amount of members' other interests.

ON BEHALF OF THE MEMBERS:





Mrs T Porter - Designated member


18 July 2024

JAKET LLP (REGISTERED NUMBER: OC379277)

ABRIDGED INCOME STATEMENT
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024

Period
1.11.22
Year Ended to
31.10.22 31.3.24
£    Notes £   

119,052 GROSS PROFIT 183,042

(79,983 ) Administrative expenses (117,623 )
39,069 OPERATING PROFIT 4 65,419

13 Interest receivable and similar income 165
39,082 PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




65,584

JAKET LLP (REGISTERED NUMBER: OC379277)

ABRIDGED BALANCE SHEET
31 MARCH 2024

31.10.22 31.3.24
£    £    Notes £    £   
FIXED ASSETS
2,624,199 Tangible assets 5 2,542,996

CURRENT ASSETS
566 Debtors 2,669
14,841 Cash at bank 3,080
15,407 5,749
CREDITORS
3,833 Amounts falling due within one year 15,988
11,574 NET CURRENT (LIABILITIES)/ASSETS (10,239 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
and
2,635,773 NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,532,757

2,942,371 LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

2,839,355

MEMBERS' OTHER INTERESTS
(306,598 ) Other reserves (306,598 )
2,635,773 2,532,757

TOTAL MEMBERS' INTERESTS
2,942,371 Loans and other debts due to members 6 2,839,355
(306,598 ) Members' other interests (306,598 )
2,635,773 2,532,757

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 period 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.

JAKET LLP (REGISTERED NUMBER: OC379277)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 March 2024 in accordance with Section 444(2A) 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 financial statements were approved by the members of the LLP and authorised for issue on 18 July 2024 and were signed by:





Mrs T Porter - Designated member

JAKET LLP (REGISTERED NUMBER: OC379277)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Jaket 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.
Land and buildings - 2% on cost

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

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.

Going concern
At the time of approving the financial statements the members have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

The members continue to adopt the going concern basis of accounting in preparing financial statements.

3. EMPLOYEE INFORMATION

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

4. OPERATING PROFIT

The operating profit is stated after charging:

Period
1.11.22
to Year Ended
31.3.24 31.10.22
£    £   
Depreciation - owned assets 81,203 57,320

JAKET LLP (REGISTERED NUMBER: OC379277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 March 2024 3,016,825
DEPRECIATION
At 1 November 2022 392,626
Charge for period 81,203
At 31 March 2024 473,829
NET BOOK VALUE
At 31 March 2024 2,542,996
At 31 October 2022 2,624,199

The properties are in at cost and have not been revalued as the members believe the value is not materially different to cost.

6. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.24 31.10.22
£    £   
Amounts owed to members in respect of profits 2,839,355 2,942,371

Falling due within one year 2,839,355 2,942,371

Any debts due to the members rank equally with debts due to other creditors upon winding up of the entity.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Porter by virtue of his 51% membership.