REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
for |
JC & SC Properties LLP |
REGISTERED NUMBER: |
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: |
Mr S M Chouhan |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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: |
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: |
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 | ) |
Other operating income |
OPERATING PROFIT |
Interest payable and similar expenses |
( |
) |
( |
) |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
JC & SC Properties LLP (Registered number: OC416579) |
Balance Sheet |
31 March 2024 |
31.3.24 | 31.3.23 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
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 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 were approved by the members of the LLP and authorised for issue on |
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 |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
4. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
5. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST |
At 1 April 2023 |
and 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Bank loans and overdrafts |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Bank loans - 2-5 years |
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. |