J23M LLP

Company Registration Number:
NC001337 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

J23M LLP

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

J23M LLP

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

ownership, management and rental of residential property



Directors

The director shown below has held office during the whole of the period from
1 January 2023 to 31 December 2023

John Young


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 September 2024

And signed on behalf of the board by:
Name: John Young
Status: Director

J23M LLP

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 67,900 46,440
Gross profit(or loss): 67,900 46,440
Administrative expenses: ( 21,541 ) ( 19,509 )
Operating profit(or loss): 46,359 26,931
Interest payable and similar charges: ( 40,790 ) ( 15,225 )
Profit(or loss) before tax: 5,569 11,706
Profit(or loss) for the financial year: 5,569 11,706

J23M LLP

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 650,000 650,000
Total fixed assets: 650,000 650,000
Current assets
Cash at bank and in hand: 5,266 5,887
Total current assets: 5,266 5,887
Creditors: amounts falling due within one year: 4 ( 833 ) ( 2,025 )
Net current assets (liabilities): 4,433 3,862
Total assets less current liabilities: 654,433 653,862
Creditors: amounts falling due after more than one year: 5 ( 502,261 ) ( 507,259 )
Total net assets (liabilities): 152,172 146,603
Capital and reserves
Called up share capital: 100,000 100,000
Profit and loss account: 52,172 46,603
Total Shareholders' funds: 152,172 146,603

The notes form part of these financial statements

J23M LLP

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 September 2024
and signed on behalf of the board by:

Name: John Young
Status: Director

The notes form part of these financial statements

J23M LLP

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the value, net of VAT and discounts, of rental income from residential properties

    Tangible fixed assets depreciation policy

    Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Fixtures & Fittings: 25% straight line

J23M LLP

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

J23M LLP

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 650,000 10,000 660,000
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 650,000 10,000 660,000
Depreciation
At 1 January 2023 0 10,000 10,000
Charge for year
On disposals
Other adjustments
At 31 December 2023 0 10,000 10,000
Net book value
At 31 December 2023 650,000 0 650,000
At 31 December 2022 650,000 0 650,000

J23M LLP

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 833 2,025
Total 833 2,025

J23M LLP

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 499,840 493,906
Other creditors 2,421 13,353
Total 502,261 507,259