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REGISTERED NUMBER: OC383255 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

JARPJB LLP

JARPJB LLP (Registered number: OC383255)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JARPJB LLP

General Information
for the year ended 31 March 2024







DESIGNATED MEMBERS: Mrs J K Bhamra
J S Bhamra





REGISTERED OFFICE: 3 Waterside Drive
Langley
Berkshire
SL3 6EZ





REGISTERED NUMBER: OC383255 (England and Wales)





ACCOUNTANTS: Business Ledger Limited
Chartered Certified Accountants
3 Waterside Drive
Langley
Berkshire
SL3 6EZ

JARPJB LLP (Registered number: OC383255)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47 63
Investment property 5 633,144 483,144
633,191 483,207

CURRENT ASSETS
Debtors 6 10,001 10,000
Cash at bank and in hand 46,892 27,870
56,893 37,870
CREDITORS
Amounts falling due within one year 7 8,709 3,014
NET CURRENT ASSETS 48,184 34,856
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

681,375

518,063

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

681,275

517,963

MEMBERS' OTHER INTERESTS
Capital accounts 100 100
681,375 518,063

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 681,275 517,963
Members' other interests 100 100
681,375 518,063

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 year 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.

JARPJB LLP (Registered number: OC383255)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 20 December 2024 and were signed by:




J S Bhamra - Designated member




Mrs J K Bhamra - Designated member


JARPJB LLP (Registered number: OC383255)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

JARPJB LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 15,000 625 15,625
DEPRECIATION
At 1 April 2023 15,000 562 15,562
Charge for year - 16 16
At 31 March 2024 15,000 578 15,578
NET BOOK VALUE
At 31 March 2024 - 47 47
At 31 March 2023 - 63 63

JARPJB LLP (Registered number: OC383255)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 483,144
Revaluations 150,000
At 31 March 2024 633,144
NET BOOK VALUE
At 31 March 2024 633,144
At 31 March 2023 483,144

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2019 175,000
Valuation in 2024 150,000
Cost 308,144
633,144

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 10,001 10,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,809 134
Other creditors 6,900 2,880
8,709 3,014

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members', other than members' capital classified as debt rank equally in relation to unsecured other creditors.

9. RELATED PARTY DISCLOSURES

An office in the investment property is let to a company under the control of one member.

JARPJB LLP (Registered number: OC383255)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

10. FAIR VALUE RESERVES

At 1 April 2023 175,000
Revaluation during the year 150,000
At 31 March 2024 325,000

Fair value reserves represent the unrealised gain in the value of the investment property. This gain is included in the amounts owed to members and will be payable only on a future sale of investment property at or above its recorded fair value (please see note 10)