Registered No. OC424385 (England and Wales)
DJM Investors LLP
Unaudited accounts
for the year ended 31 March 2024
DJM Investors LLP
LLP Information
for the year ended 31 March 2024
Designated members
David Chikashua
Mr Michael Robert Forrest
Registered Number
OC424385 (England and Wales)
Registered Office
6 Southlands Road
Riddlesden
Keighley
West Yorkshire
BD20 5HD
Accountants
Walker Accountancy Limited
2 Marina Drive
Spondon
Derby
DE21 7AF
DJM Investors LLP
Statement of financial position
as at 31 March 2024
Tangible assets
3,998
4,685
Investment property
300,000
300,000
Cash at bank and in hand
3,131
4,566
Creditors: amounts falling due within one year
(2,139)
(214,120)
Net current assets/(liabilities)
3,369
(208,710)
Total assets less current liabilities
307,367
95,975
Creditors: amounts falling due after more than one year
(220,213)
-
Net assets attributable to members
87,154
95,975
Loans and other debts due to members
38,380
38,380
Other reserves
48,774
57,595
Loans and other debts due to members
38,380
38,380
Members' other interests
48,774
57,595
For the year ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 9 October 2024.
Mr Michael Robert Forrest
Designated member
Limited Liability Partnership Registration No. OC424385
DJM Investors LLP
Notes to the Accounts
for the year ended 31 March 2024
The accounts have been prepared under the historical cost convention, modified to include investment properties at fair value, and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the rental income received or receivable.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% on a reducung balance basis
Investment properties are revalued annually and any surplus or deficit is dealt with through profit and loss. No depreciation is provided in respect of investment properties.
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members' shares in the profit or loss for the year are accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
DJM Investors LLP is a limited liability partnership, incorporated in England and Wales, registration number OC424385. Its registered office is 6 Southlands Road, Riddlesden, Keighley, West Yorkshire, BD20 5HD.
DJM Investors LLP
Notes to the Accounts
for the year ended 31 March 2024
3
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At valuation
At 1 April 2023
202
7,654
7,856
At 31 March 2024
202
7,559
7,761
At 1 April 2023
47
3,124
3,171
Charge for the year
40
694
734
At 31 March 2024
87
3,676
3,763
At 31 March 2024
115
3,883
3,998
At 31 March 2023
155
4,530
4,685
Fair value at 1 April 2023
300,000
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
213,159
6
Creditors: amounts falling due after more than one year
2024
2023
The bank loan is secured by a legal charge over the investment property.
7
Loans and other debts due to members
2024
2023
Loans from members
38,380
38,380
Amounts falling due within one year
38,380
38,380
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
DJM Investors LLP
Notes to the Accounts
for the year ended 31 March 2024
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).