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REGISTERED NUMBER: OC416579 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

JC & SC Properties LLP

JC & SC Properties LLP (Registered number: OC416579)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Reconciliation of Members' Interests 6

Notes to the Financial Statements 8


JC & SC Properties LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: Mrs S Chouhan
Mr S M Chouhan





REGISTERED OFFICE: Christopher House
94b London Road
Leicester
LE2 0QS





REGISTERED NUMBER: OC416579 (England and Wales)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

JC & SC Properties LLP (Registered number: OC416579)

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.

DESIGNATED MEMBERS
The designated members during the year under review were:

Mrs S Chouhan
Mr S M Chouhan

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £29,271 (2023 - £89,718 profit).

MEMBERS' INTERESTS

Policy regarding members' drawings and the subscription and repayment of amounts subscribed or otherwise contributed by members

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 beginning 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 amounts of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members.

ON BEHALF OF THE MEMBERS:





Mrs S Chouhan - Designated member


13 November 2024

JC & SC Properties LLP (Registered number: OC416579)

Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
£    £   

TURNOVER - -

Administrative expenses (1,322 ) (1,275 )
(1,322 ) (1,275 )

Other operating income 253,876 181,706
OPERATING PROFIT 252,554 180,431


Interest payable and similar
expenses

(223,283

)

(90,713

)
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION
AMONG MEMBERS





29,271





89,718

JC & SC Properties LLP (Registered number: OC416579)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 2,519,754 2,519,754

CURRENT ASSETS
Cash at bank 17,524 668

CREDITORS
Amounts falling due within one year 6 (335,877 ) (324,722 )
NET CURRENT LIABILITIES (318,353 ) (324,054 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,201,401

2,195,700

CREDITORS
Amounts falling due after more than
one year

7

(1,959,073

)

(2,050,386

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

242,328

145,314

LOANS AND OTHER DEBTS DUE
TO MEMBERS

8

242,328

145,314

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

8

242,328

145,314

JC & SC Properties LLP (Registered number: OC416579)

Balance Sheet - continued
31 March 2024


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.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 13 November 2024 and were signed by:





Mrs S Chouhan - Designated member

JC & SC Properties LLP (Registered number: OC416579)

Reconciliation of Members' Interests
for the Year Ended 31 March 2024


EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members 145,314
Amount due from members -
Balance at 1 April 2023 - 145,314 145,314
Profit for the financial year
available for discretionary
division among members


29,271


-


29,271


Members' interests after
profit for the year

29,271

145,314

174,585

Other divisions of profit (29,271 ) 29,271 -
Introduced by members - 67,743 67,743
Amount due to members 242,328
Amount due from members -
Balance at 31 March 2024 - 242,328 242,328

JC & SC Properties LLP (Registered number: OC416579)

Reconciliation of Members' Interests
for the Year Ended 31 March 2024

EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members 24,082
Amount due from members (6,102 )
Balance at 1 April 2022 - 17,980 17,980
Profit for the financial year
available for discretionary
division among members


89,718


-


89,718


Members' interests after
profit for the year

89,718

17,980

107,698

Other divisions of profit (89,718 ) 89,718 -
Introduced by members - 37,634 37,634
Drawings on account and
distributions of profit

-

(18

)

(18

)

Amount due to members 145,314
Amount due from members -
Balance at 31 March 2023 - 145,314 145,314

JC & SC Properties LLP (Registered number: OC416579)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

JC & SC Properties 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

4. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2023
and 31 March 2024 2,519,754
NET BOOK VALUE
At 31 March 2024 2,519,754
At 31 March 2023 2,519,754

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 287,526 209,871
Accrued expenses 48,351 114,851
335,877 324,722

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 1,959,073 2,050,386

JC & SC Properties LLP (Registered number: OC416579)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.