REGISTERED NUMBER: |
REPORT OF THE MEMBERS AND |
FINANCIAL STATEMENTS |
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024 |
FOR |
JAKET LLP |
REGISTERED NUMBER: |
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: |
Mr J Porter |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
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: |
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: |
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 | £ |
GROSS PROFIT |
( |
) | Administrative expenses | ( |
) |
OPERATING PROFIT | 4 |
Interest receivable and similar income |
PROFIT FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
JAKET LLP (REGISTERED NUMBER: OC379277) |
ABRIDGED BALANCE SHEET |
31 MARCH 2024 |
31.10.22 | 31.3.24 |
£ | £ | Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
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 |
( |
) | Other reserves | ( |
) |
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 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 were approved by the members of the LLP and authorised for issue on |
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 |
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 |
Land and buildings | - |
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 |
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 |
DEPRECIATION |
At 1 November 2022 |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 October 2022 |
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. |