Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 7 December 2021 false 1 January 2023 31 December 2023 31 December 2023 OC440232 Mr Surinder Jnagal Mrs Kaushalya Jnagal Mr Ajay Jnagal Mr Anil Jnagal iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC440232 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-12-31 OC440232 2022-12-31 OC440232 2023-12-31 OC440232 2023-01-01 2023-12-31 OC440232 frs-core:Non-currentFinancialInstruments 2023-12-31 OC440232 frs-bus:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC440232 frs-bus:LimitedLiabilityPartnershipsSORP 2023-01-01 2023-12-31 OC440232 frs-bus:AbridgedAccounts 2023-01-01 2023-12-31 OC440232 frs-bus:SmallEntities 2023-01-01 2023-12-31 OC440232 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 OC440232 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 OC440232 frs-countries:EnglandWales 2023-01-01 2023-12-31 OC440232 frs-bus:PartnerLLP1 2023-01-01 2023-12-31 OC440232 frs-bus:PartnerLLP2 2023-01-01 2023-12-31 OC440232 frs-bus:PartnerLLP3 2023-01-01 2023-12-31 OC440232 frs-bus:PartnerLLP4 2023-01-01 2023-12-31 OC440232 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2022-12-31 OC440232 2021-12-06 OC440232 2022-12-31 OC440232 2021-12-07 2022-12-31 OC440232 frs-core:Non-currentFinancialInstruments 2022-12-31
Registered number: OC440232
JP Investment Holdings LLP
ABRIDGED Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Accountants' Report 1
Abridged Balance Sheet 2—3
Notes to the Abridged Financial Statements 4—5
Page 1
Accountants' Report
Report to the partners on the preparation of the unaudited statutory accounts of JP Investment Holdings LLP For The Year Ended 31 December 2023
To assist you to fulfil your duties under the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the accounts of JP Investment Holdings LLP which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the partnership’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the partners of JP Investment Holdings LLP, as a body, in accordance with the terms of our engagement letter dated 07 December 2021. Our work has been undertaken solely to prepare for your approval the accounts of JP Investment Holdings LLP and state those matters that we have agreed to state to the partners of JP Investment Holdings LLP, as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JP Investment Holdings LLP and its partners as a body for our work or for this report.
It is your duty to ensure that JP Investment Holdings LLP has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of JP Investment Holdings LLP. You consider that JP Investment Holdings LLP is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of JP Investment Holdings LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
28 October 2024
Integrity Taxation
Chartered Certified Accountants
Sigma House
Hadley Park East
Telford
Shropshire
TF1 6QJ
Page 1
Page 2
Abridged Balance Sheet
Registered number: OC440232
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,520,310 1,520,310
1,520,310 1,520,310
CURRENT ASSETS
Cash at bank and in hand 31,970 27,934
31,970 27,934
NET CURRENT ASSETS (LIABILITIES) 31,970 27,934
TOTAL ASSETS LESS CURRENT LIABILITIES 1,552,280 1,548,244
Creditors: Amounts Falling Due After More Than One Year 5 (582,205 ) (590,705 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 970,075 957,539
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 12,536 -
12,536 -
Equity
Members' other interests
Members' capital 938,447 938,447
Other reserves 19,092 19,092
957,539 957,539
970,075 957,539
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 12,536 -
Members' other interests 957,539 957,539
970,075 957,539
Page 2
Page 3
For the year ending 31 December 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
All of the LLP's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the members
Mr Ajay Jnagal
Designated Member
28 October 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Abridged Financial Statements
1. General Information
JP Investment Holdings LLP is a limited liability partnership, incorporated in England & Wales, registered number OC440232 . The Registered Office is Suite 1, Sigma House, Hadley Park East, Telford, Shropshire, TF1 6QJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 4 (2022: 4)
4 4
4. Investment Property
31 December 2023
£
Fair Value
As at 1 January 2023 and 31 December 2023 1,520,310
Page 4
Page 5
5. Creditors: amounts falling due after five years
Of the creditors falling due after more than one year the following amounts are due after more than five years.
31 December 2023 31 December 2022
£ £
Bank loans 582,250 590,705
6. Secured Creditors
Of the creditors the following amounts are secured.
31 December 2023 31 December 2022
£ £
Bank loans and overdrafts 582,250 590,705
Page 5