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REGISTERED NUMBER: OC371821 (England and Wales)



LTJ PARTNERSHIP LLP

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






LTJ PARTNERSHIP LLP (REGISTERED NUMBER: OC371821)






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


LTJ PARTNERSHIP LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: T J James
V Leader
Mrs J Leader





REGISTERED OFFICE: Beckwith Barn
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT





REGISTERED NUMBER: OC371821 (England and Wales)





ACCOUNTANTS: Lucentum Business Services Ltd
Beckwith Barn
Warren Estate
Lordship Road
Chelmsford
Essex
CM1 3WT

LTJ PARTNERSHIP LLP (REGISTERED NUMBER: OC371821)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - -
Investment property 6 1,054,914 1,050,610
1,054,914 1,050,610

CURRENT ASSETS
Debtors 7 6,086 10,946
Cash at bank 16,922 11,686
23,008 22,632
CREDITORS
Amounts falling due within one year 8 4,440 3,936
NET CURRENT ASSETS 18,568 18,696
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,073,482

1,069,306

LTJ PARTNERSHIP LLP (REGISTERED NUMBER: OC371821)

BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

129,337

125,161

MEMBERS' OTHER INTERESTS
Capital accounts 578,272 578,272
Other reserves 365,873 365,873
1,073,482 1,069,306

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

9

129,337

125,161
Members' other interests 944,145 944,145
Amounts due from members 7 (5,558 ) (6,950 )
1,067,924 1,062,356

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.

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 13 January 2025 and were signed by:





T J James - Designated member

LTJ PARTNERSHIP LLP (REGISTERED NUMBER: OC371821)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

LTJ Partnership 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts receivable from the company's principal activities, all of which arise within the United Kingdom.

Rents receivable is recognised when rent is agreed and represents rents outside customers at invoiced amounts less value added tax where applicable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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

4. EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2023 - 3 ) .

LTJ PARTNERSHIP LLP (REGISTERED NUMBER: OC371821)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 10,779 773 11,552
DEPRECIATION
At 1 April 2023
and 31 March 2024 10,779 773 11,552
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 - - -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,050,610
Additions 4,304
At 31 March 2024 1,054,914
NET BOOK VALUE
At 31 March 2024 1,054,914
At 31 March 2023 1,050,610

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2015 190,874
Valuation in 2017 175,000
Cost 689,040
1,054,914

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

2024 2023
£    £   
Cost 689,040 684,736

Investment properties were valued on an open market basis on 31 March 2024 by the members of the LLP .

LTJ PARTNERSHIP LLP (REGISTERED NUMBER: OC371821)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 49
Amounts due from members 5,558 6,950
Other debtors - 3,378
Prepayments 528 569
6,086 10,946

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accruals and deferred income 4,440 3,936

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

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