REGISTERED NUMBER: |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
JECAMA LLP |
REGISTERED NUMBER: |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
JECAMA LLP |
JECAMA LLP (REGISTERED NUMBER: OC388325) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
Page |
General Information | 1 |
Report of the Members | 2 |
Abridged Income Statement | 3 |
Abridged Statement of Financial Position | 4 |
Notes to the Financial Statements | 6 |
JECAMA LLP |
GENERAL INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2024 |
DESIGNATED MEMBERS: |
Mrs G D Reece |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Suite 204 Ashton Old Baths |
Stamford Street West |
Ashton-under-Lyne |
Lancashire |
OL6 7FW |
JECAMA LLP (REGISTERED NUMBER: OC388325) |
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 property rental. |
DESIGNATED MEMBERS |
The designated members during the year under review were: |
Mrs G D Reece |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £48,843 (2023 - £55,341 profit). |
MEMBERS' INTERESTS |
During the year the members receive a small amount of drawings representing payments on account of profits which may be allocated to them. The amount of such drawings takes into account the anticipated cash needs of the LLP and may be reclaimed from members until such time as profits have been allocated to them. |
Profits are determined, allocated and divided between members after the finalisation of the accounts. Prior to the allocation of profits and their division between members, drawings are included as 'amounts due from members' within debtors. Unallocated profits are included within equity as 'members' other interests'. |
Capital requirements are determined by the designated members and are reviewed at least annually. All members are required to subscribe a proportion of that capital, with the amounts being determined by reference to experience. |
On retirement capital is repaid to members. |
ON BEHALF OF THE MEMBERS: |
JECAMA LLP (REGISTERED NUMBER: OC388325) |
ABRIDGED INCOME STATEMENT |
FOR THE YEAR ENDED 31 MARCH 2024 |
2024 | 2023 |
Notes | £ | £ |
GROSS PROFIT |
Administrative expenses |
OPERATING PROFIT and |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
JECAMA LLP (REGISTERED NUMBER: OC388325) |
ABRIDGED STATEMENT OF FINANCIAL POSITION |
31 MARCH 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
718,709 |
739,554 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
7 |
718,709 |
739,554 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 7 | 718,709 | 739,554 |
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. |
JECAMA LLP (REGISTERED NUMBER: OC388325) |
ABRIDGED STATEMENT OF FINANCIAL POSITION - continued |
31 MARCH 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
JECAMA LLP (REGISTERED NUMBER: OC388325) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
Jecama 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 represents the net invoiced value of rental income, net of VAT. |
Tangible fixed assets |
Depreciation on computer equipment is provided for at 25% per annum in order to write off the cost less estimated residual value of each asset over it's useful life. |
Investment property |
The investment property is held at fair market value and not depreciated. An impairment review will be undertaken regularly to identify any impairment or increase to the property's value, and any aggregate surplus or deficit arising will be transferred to a revaluation reserve. |
Members' remuneration |
Profits attributable to members are determined, allocated and divided between members after the year end and until that time are included as equity within members' other interest. Any drawings paid in respect of those profits are included as 'amounts due from members' within debtors. |
The terms of the members' agreement require that capital be returned to a member on his or her retirement. Capital is accordingly accounted for as a liability of the LLP. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
4. | OPERATING PROFIT |
The operating profit is stated after charging: |
2024 | 2023 |
£ | £ |
Depreciation - owned assets |
JECAMA LLP (REGISTERED NUMBER: OC388325) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
5. | PROPERTY, PLANT AND EQUIPMENT |
Totals |
£ |
COST |
At 1 April 2023 |
and 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2023 |
and 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
The loans and other debts due to members are to be ranked for payment after other creditors. |