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REGISTERED NUMBER: OC391554 (England and Wales)















JMRV LLP

Report of the Members and

Unaudited Financial Statements for the Period 1 March 2023 to 31 March 2024






JMRV LLP (Registered number: OC391554)






Contents of the Financial Statements
for the Period 1 March 2023 to 31 March 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Reconciliation of Members' Interests 5 to 6

Notes to the Financial Statements 7 to 8


JMRV LLP

General Information
for the Period 1 March 2023 to 31 March 2024







DESIGNATED MEMBERS: Mr M J Fitzsimmons
Mrs V A Pruden
Mr J P Pruden
Mrs J A Fitzsimmons





REGISTERED OFFICE: Stephenson Court
Fraser Road
Bedford
Befordshire
MK44 3WJ





REGISTERED NUMBER: OC391554 (England and Wales)





ACCOUNTANTS: APS Accountancy Ltd
4 Cromwell Court
New Street
Aylesbury
Buckinghamshire
HP20 2PB

JMRV LLP (Registered number: OC391554)

Report of the Members
for the Period 1 March 2023 to 31 March 2024

The members present their report with the financial statements of the LLP for the period 1 March 2023 to 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of property owners.

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

Mr M J Fitzsimmons
Mrs V A Pruden
Mr J P Pruden
Mrs J A Fitzsimmons

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The profit for the period before members' remuneration and profit shares was £50,446 (2023 - £54,715 profit).

MEMBERS' INTERESTS
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 may be invited to subscribe for further capital, the amounts if which will be determined by the performance and seniority of those members. On retirement, capital will be repaid to members.

ON BEHALF OF THE MEMBERS:





Mr J P Pruden - Designated member


29 November 2024

JMRV LLP (Registered number: OC391554)

Income Statement
for the Period 1 March 2023 to 31 March 2024

Period
1.3.23
to Year Ended
31.3.24 28.2.23
Notes £    £   

TURNOVER 130,166 115,694

Administrative expenses (60,977 ) (49,296 )
OPERATING PROFIT 4 69,189 66,398

Interest receivable and similar income 31 -
69,220 66,398

Interest payable and similar expenses (18,774 ) (11,683 )
PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES


50,446


54,715

PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES


50,446


54,715

Members' remuneration charged as an
expense

5

(50,446

)

(54,715

)
PROFIT FOR THE FINANCIAL PERIOD
AVAILABLE FOR DISCRETIONARY DIVISION
AMONG MEMBERS


-


-

JMRV LLP (Registered number: OC391554)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 6 526,752 524,087

CURRENT ASSETS
Debtors 7 5,565 17,857
Cash at bank 25,313 11,189
30,878 29,046
CREDITORS
Amounts falling due within one year 8 (226,807 ) (246,756 )
NET CURRENT LIABILITIES (195,929 ) (217,710 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 330,823 306,377

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

330,823

306,377

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 330,823 306,377

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 period 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 29 November 2024 and were signed by:




Mr J P Pruden - Designated member




Mr M J Fitzsimmons - Designated member


JMRV LLP (Registered number: OC391554)

Reconciliation of Members' Interests
for the Period 1 March 2023 to 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 306,377
Amount due from members -
Balance at 1 March 2023 - 306,377 306,377
Members' remuneration charged as
an expense, including employment
and retirement benefit costs


-


50,446


50,446


Profit for the financial period
available for discretionary division
among members


-


-


-


Members' interests after profit for the
period

-

356,823

356,823

Drawings on account and
distributions of profit

-

(26,000

)

(26,000

)

Amount due to members 330,823
Amount due from members -
Balance at 31 March 2024 - 330,823 330,823

JMRV LLP (Registered number: OC391554)

Reconciliation of Members' Interests
for the Period 1 March 2023 to 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 277,662
Amount due from members -
Balance at 1 March 2022 - 277,662 277,662
Members' remuneration charged as
an expense, including employment
and retirement benefit costs


-


54,715


54,715


Profit for the financial period
available for discretionary division
among members


-


-


-


Members' interests after profit for the
period

-

332,377

332,377

Introduced by members - 4,000 4,000
Drawings on account and
distributions of profit

-

(30,000

)

(30,000

)

Amount due to members 306,377
Amount due from members -
Balance at 28 February 2023 - 306,377 306,377

JMRV LLP (Registered number: OC391554)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 31 March 2024

1. STATUTORY INFORMATION

JMRV 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. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 25% on reducing balance and Not depreciated
Plant and machinery etc - 25% on reducing balance

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2023 - NIL).

4. OPERATING PROFIT

The operating profit is stated after charging:

Period
1.3.23
to Year Ended
31.3.24 28.2.23
£    £   
Depreciation - owned assets 2,029 210

5. INFORMATION IN RELATION TO MEMBERS
Period
1.3.23
to Year Ended
31.3.24 28.2.23
£    £   
Members' remuneration charged as an expense
Automatic division of profit 50,446 54,715

JMRV LLP (Registered number: OC391554)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 31 March 2024

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 519,654 6,286 525,940
Additions 4,694 - 4,694
At 31 March 2024 524,348 6,286 530,634
DEPRECIATION
At 1 March 2023 - 1,853 1,853
Charge for period 829 1,200 2,029
At 31 March 2024 829 3,053 3,882
NET BOOK VALUE
At 31 March 2024 523,519 3,233 526,752
At 28 February 2023 519,654 4,433 524,087

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,047 20,372
Other debtors 2,518 (2,515 )
5,565 17,857

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 187,850 212,171
Trade creditors 5,933 7,141
Taxation and social security 2,352 3,236
Other creditors 30,672 24,208
226,807 246,756

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Loans from members 161,100 161,100
Amounts owed to members in respect of profits 169,723 145,277
330,823 306,377

Falling due within one year 330,823 306,377

Other creditors are payable in preference to loans and other debts due to members.