REGISTERED NUMBER: |
JMRV LLP |
Report of the Members and |
Unaudited Financial Statements for the Period 1 March 2023 to 31 March 2024 |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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: |
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: |
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 |
Administrative expenses | ( |
) | ( |
) |
OPERATING PROFIT | 4 |
Interest receivable and similar income |
69,220 | 66,398 |
Interest payable and similar expenses | ( |
) | ( |
) |
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 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
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 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 |
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 |
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 |
Land and buildings | - |
Plant and machinery etc | - |
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 |
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 |
Additions |
At 31 March 2024 |
DEPRECIATION |
At 1 March 2023 |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 28 February 2023 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors | ( |
) |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
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. |