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REGISTERED NUMBER: OC382773 (England and Wales)















J3 Business Park Doncaster LLP

Unaudited Financial Statements For The Year Ended 31 March 2024






J3 Business Park Doncaster LLP (Registered number: OC382773)






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


J3 Business Park Doncaster LLP

General Information
For The Year Ended 31 March 2024







DESIGNATED MEMBERS: N M Foster
J A S I Lowe
R D P Lowe
A E Morris
B Morris
S A Morris
T E Morris





REGISTERED OFFICE: The Water Tower
J3 Business Park, Carr Hill
Balby
Doncaster
DN4 8DE





REGISTERED NUMBER: OC382773 (England and Wales)





ACCOUNTANTS: Kingswood Allotts Limited
Chartered Accountants
Sidings Court
Lakeside
Doncaster
DN4 5NU

J3 Business Park Doncaster LLP (Registered number: OC382773)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 719 8,036
Investment property 5 10,769,925 10,769,925
10,770,644 10,777,961

CURRENT ASSETS
Debtors 6 511,127 657,572
Cash at bank 164,293 491,239
675,420 1,148,811
CREDITORS
Amounts falling due within one year 7 1,152,272 1,291,340
NET CURRENT LIABILITIES (476,852 ) (142,529 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10,293,792 10,635,432

CREDITORS
Amounts falling due after more than one year 8 2,900,000 3,100,000
NET ASSETS ATTRIBUTABLE TO MEMBERS 7,393,792 7,535,432

LOANS AND OTHER DEBTS DUE TO MEMBERS 10 1,841,529 1,983,169

MEMBERS' OTHER INTERESTS
Capital accounts 2,000,000 2,000,000
Revaluation reserve 11 3,552,263 3,552,263
7,393,792 7,535,432

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 1,841,529 1,983,169
Members' other interests 5,552,263 5,552,263
7,393,792 7,535,432

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.

J3 Business Park Doncaster LLP (Registered number: OC382773)

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 6 January 2025 and were signed by:





T E Morris - Designated member

J3 Business Park Doncaster LLP (Registered number: OC382773)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

J3 Business Park Doncaster 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 as modified by the revaluation of certain assets.

The financial statements are presented in Sterling (£), which is the functional currency of the company, Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

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 - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
The assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. The assets form part of the investment property which is included at valuation. In these circumstances the assets held under finance leases are not depreciated.

Financial instruments
The LLP has elected to apply Sections 11 and 12 of RS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the LLP becomes party to the contractual provisions of the instrument.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

3. EMPLOYEE INFORMATION

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

J3 Business Park Doncaster LLP (Registered number: OC382773)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 102,059 13,251 18,678 133,988
Disposals - - (1,307 ) (1,307 )
At 31 March 2024 102,059 13,251 17,371 132,681
DEPRECIATION
At 1 April 2023 94,348 13,251 18,353 125,952
Charge for year 6,992 - 325 7,317
Eliminated on disposal - - (1,307 ) (1,307 )
At 31 March 2024 101,340 13,251 17,371 131,962
NET BOOK VALUE
At 31 March 2024 719 - - 719
At 31 March 2023 7,711 - 325 8,036

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 10,769,925
NET BOOK VALUE
At 31 March 2024 10,769,925
At 31 March 2023 10,769,925

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 9,630,000
Cost 1,139,925
10,769,925

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 7,421,895 7,421,895

Investment property was valued on an open market value basis on 31 March 2018 by the members .

The members consider this value to remain appropriate for the accounts.

J3 Business Park Doncaster LLP (Registered number: OC382773)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 375,008 572,420
Other debtors 81,126 29,317
Prepayments and accrued income 33,395 43,377
489,529 645,114

Amounts falling due after more than one year:
Other debtors 21,598 12,458

Aggregate amounts 511,127 657,572

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 200,000 200,000
Trade creditors 769,635 911,878
Social security and other taxes 52,642 19,764
Accruals and deferred income 129,995 159,698
1,152,272 1,291,340

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 2,900,000 200,000
Bank loans - 2-5 years - 2,900,000
2,900,000 3,100,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 3,100,000 3,300,000

Bank loans and overdrafts are secured by a fixed charge on the LLP''s investment property.

10. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 1,841,529 1,983,169

Falling due within one year 1,841,529 1,983,169

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

J3 Business Park Doncaster LLP (Registered number: OC382773)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

11. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 3,552,263