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REGISTERED NUMBER: OC388325 (England and Wales)




























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: Mr J L Reece
Mrs G D Reece





REGISTERED OFFICE: Windrush
Ward Lane
Diggle
Oldham
Lancashire
OL3 5JT





REGISTERED NUMBER: OC388325 (England and Wales)





ACCOUNTANTS: Hanley & Co
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:

Mr J L Reece
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:





Mr J L Reece - Designated member


29 October 2024

JECAMA LLP (REGISTERED NUMBER: OC388325)

ABRIDGED INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £   

GROSS PROFIT 77,452 76,939

Administrative expenses 28,609 21,598
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




48,843




55,341

JECAMA LLP (REGISTERED NUMBER: OC388325)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 5 1,775 2,088
Investment property 6 708,107 708,107
709,882 710,195

CURRENT ASSETS
Debtors 2,006 1,869
Cash at bank 10,693 31,354
12,699 33,223
CREDITORS
Amounts falling due within one year 3,872 3,864
NET CURRENT ASSETS 8,827 29,359
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 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 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.

JECAMA LLP (REGISTERED NUMBER: OC388325)

ABRIDGED STATEMENT OF FINANCIAL POSITION - 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 Statement of Financial Position for the year 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 29 October 2024 and were signed by:





Mr J L Reece - Designated member

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
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 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 1 (2023 - 1 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 313 369

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 8,958
DEPRECIATION
At 1 April 2023 6,870
Charge for year 313
At 31 March 2024 7,183
NET BOOK VALUE
At 31 March 2024 1,775
At 31 March 2023 2,088

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 708,107
NET BOOK VALUE
At 31 March 2024 708,107
At 31 March 2023 708,107

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.