SJJ Properties LLP Filleted Accounts Cover |
Registered No. OC404470 | |||||||||
SJJ Properties LLP Balance Sheet Registrar |
at | ||||||||||
Registered No. | Notes | 2024 | 2023 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Investment property | 6 | 3,970,251 | 3,970,251 | |||||||
3,970,251 | 3,970,251 | |||||||||
Current assets | ||||||||||
Debtors | 7 | 6,620 | 34,684 | |||||||
Cash at bank and in hand | 32,686 | 32,423 | ||||||||
39,306 | 67,107 | |||||||||
Creditors: Amounts falling due within one year | 8 | (65,269) | (501,681) | |||||||
Net current liabilities | (25,963) | (434,574) | ||||||||
Total assets less current liabilities | 3,944,288 | 3,535,677 | ||||||||
Creditors: Amounts falling due after more than one year | 9 | (1,152,210) | (708,572) | |||||||
Net assets attributable to members | 2,792,078 | 2,827,105 | ||||||||
Represented by: | ||||||||||
Members' other interests | ||||||||||
Revaluation reserve | 1,729,033 | 1,729,033 | ||||||||
Other reserves | 1,063,045 | 1,098,072 | ||||||||
2,792,078 | 2,827,105 | |||||||||
2,792,078 | 2,827,105 | |||||||||
Approved by the members on 11 October 2024 and signed on its behalf by: | ||||||||||
S.T. Fagg | ||||||||||
Designated member | ||||||||||
11 October 2024 |
SJJ Properties LLP Notes to the Accounts Registrar |
for the year ended 31 March 2024 | ||||||||||||||||
1 | General information | |||||||||||||||
SJJ Properties LLP is a limited liability partnership and incorporated in England and Wales. | ||||||||||||||||
Its registered number is: OC404470 | ||||||||||||||||
Its registered office is: | Its trading address is: | |||||||||||||||
Unit 1 | ||||||||||||||||
Brooklands Approach | ||||||||||||||||
Romford | ||||||||||||||||
Essex | ||||||||||||||||
RM1 1DX | ||||||||||||||||
2 | Accounting policies |
Turnover | ||||||||||||||||
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. | ||||||||||||||||
Freehold investment property | ||||||||||||||||
No depreciation is provided in respect of investment properties. | ||||||||||||||||
Trade and other debtors | ||||||||||||||||
Trade and other creditors | ||||||||||||||||
Provisions | ||||||||||||||||
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. | ||||||||||||||||
Members' Interests | ||||||||||||||||
Members' interests are classified as either equity or debt. Equity interests comprise any capital introduced classified as equity, any unallocated profits, any revaluation reserve and any other reserves. Loans and other debts due to members comprise any capital introduced but classified as a liability, any loans from members, amounts due to members in respect of allocated profits less drawings and any other amounts that the LLP is contractually obliged to repay to members. | ||||||||||||||||
Taxation | ||||||||||||||||
3 | Information in relation to members | |||||||||||||||
2024 | 2023 | |||||||||||||||
Number | Number | |||||||||||||||
The average number of members during the year : | 3 | 3 | ||||||||||||||
4 | Employees | |||||||||||||||
2024 | 2023 | |||||||||||||||
Number | Number | |||||||||||||||
The average number of persons employed during the year was: | ||||||||||||||||
5 | Investment property | |||||||||||||||
Freehold Investment Property | ||||||||||||||||
£ | ||||||||||||||||
Valuation | ||||||||||||||||
At 1 April 2023 | ||||||||||||||||
At 31 March 2024 | ||||||||||||||||
6 | Debtors | |||||||||||||||
2024 | 2023 | |||||||||||||||
£ | £ | |||||||||||||||
Trade debtors | ||||||||||||||||
VAT recoverable | ||||||||||||||||
Prepayments and accrued income | ||||||||||||||||
7 | Creditors: | |||||||||||||||
amounts falling due within one year | ||||||||||||||||
2024 | 2023 | |||||||||||||||
£ | £ | |||||||||||||||
Bank loans and overdrafts | ||||||||||||||||
Trade creditors | ||||||||||||||||
Other creditors | ||||||||||||||||
Accruals and deferred income | ||||||||||||||||
8 | Creditors: | |||||||||||||||
amounts falling due after more than one year | ||||||||||||||||
2024 | 2023 | |||||||||||||||
£ | £ | |||||||||||||||
Bank loans and overdrafts | ||||||||||||||||
Liabilities repayable in more than five years after the balance sheet date | ||||||||||||||||
Amount repayable by instalments | - | 413,986 | ||||||||||||||
9 | Creditors: borrowings | |||||||||||||||
2024 | 2023 | |||||||||||||||
£ | £ | |||||||||||||||
The aggregate amount of secured liabilities included within creditors falling due within and after one year | ||||||||||||||||