Jean Sambrooks LLP Filleted Accounts Cover
Jean Sambrooks LLP
Registered No. OC317164
Information for Filing with the Registrar
31 March 2024
Jean Sambrooks LLP Balance Sheet Registrar
at
31 March 2024
Registered No.
OC317164
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
34,393
3,202
34,393
3,202
Current assets
Cash at bank and in hand
2,029
1,948
2,029
1,948
Creditors: Amounts falling due within one year
5
(5,312)
(5,820)
Net current liabilities
(3,283)
(3,872)
Total assets less current liabilities
31,110
(670)
Creditors: Amounts falling due after more than one year
6
(17,742)
-
Net assets/(liabilities) attributable to members
13,368
(670)
Represented by:
Members' other interests
Other reserves
13,368
(670)
13,368
(670)
13,368
(670)
These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
For the year ended 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 as applied by the Limited Liability Partnerships (Accounts and Audit)(Application of Companies Act 2006) Regulations 2008) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the members on 03 December 2024 and signed on its behalf by:
J.E. Sambrooks
Designated member
03 December 2024
Jean Sambrooks LLP Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
Jean Sambrooks LLP is a limited liability partnership and incorporated in England and Wales.
Its registered number is: OC317164
Its registered office is:
Martland Buildings
Mart Lane
Burscough
Ormskirk
L40 0SD
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting for Limited Liability Partnerships' issued in December 2018.
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.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Motor vehicles
25% Reducing balance
Furniture, fittings and equipment
33.33 & 15% Reducing balance
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

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.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
3
Employees
2024
2023
Number
Number
The average number of persons employed during the year was:
0
0
4
Tangible fixed assets
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
Cost
At 1 April 2023
24,05017,72141,771
Additions
37,4421,33238,774
Disposals
(24,050)
-
(24,050)
At 31 March 2024
37,44219,05356,495
Depreciation
At 1 April 2023
21,79316,77638,569
Charge for the year
4,6816455,326
Disposals
(21,793)
-
(21,793)
At 31 March 2024
4,68117,42122,102
Net book values
At 31 March 2024
32,7611,63234,393
At 31 March 2023
2,257
945
3,202
5
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
2,8304,043
Obligations under finance lease and hire purchase contracts
1,029-
Trade creditors
54837
Other taxes and social security
599140
Accruals and deferred income
800800
5,3125,820
6
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Obligations under finance lease and hire purchase contracts
17,742-
17,742-
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
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