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REGISTERED NUMBER: OC325435 (England and Wales)



















Report of the Members and

Unaudited Financial Statements

for the Year Ended 30 April 2024

for

MJK & TCK Investments LLP

MJK & TCK Investments LLP (Registered number: OC325435)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

General Information 1

Report of the Members 2

Balance Sheet 3

Notes to the Financial Statements 5


MJK & TCK Investments LLP

General Information
for the Year Ended 30 April 2024







DESIGNATED MEMBERS: M J Kempster
D A Bevan
T C Kempster
M.J.K. Limited
Ms C M Collins





REGISTERED OFFICE: 8-9 Orchard Business Centre
North Farm Road
Tunbridge Wells
Kent
TN2 3XF





REGISTERED NUMBER: OC325435 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

MJK & TCK Investments LLP (Registered number: OC325435)

Report of the Members
for the Year Ended 30 April 2024


The members present their report with the financial statements of the LLP for the year ended 30 April 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of software development and investment property ownership.

DESIGNATED MEMBERS
The designated members during the year under review were:

M J Kempster
D A Bevan
T C Kempster
M.J.K. Limited
Ms C M Collins

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £19,618 (2023 - £1,565,700 profit).

MEMBERS' INTERESTS
The members participate fully in the LLP's profit, share the risks and subscribe the LLP's capital.

An individual member's capital requirement is linked to their share of the profit and the financing requirement of the business. Capital introduced by new members and capital repaid to retiring members is done at par and subject to the agreement of the LLP.

The drawings policy of the LLP allows each member to draw in advance a proportion of their annual profit share, subject to the cash requirements of the business and the agreement of the other members. Undrawn profits at the end of the year may be transferred to equity at the option of the member or drawn in subsequent periods subject to the cash requirements of the business and the agreement of the other members.

Any transfers of members' interests from equity to debt (and vice versa) is done at par. A company member is not permitted to transfer equity to debt or receive capital repayment whilst a member of the LLP.

ON BEHALF OF THE MEMBERS:





M J Kempster - Designated member


21 January 2025

MJK & TCK Investments LLP (Registered number: OC325435)

Balance Sheet
30 April 2024

30.4.24 30.4.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,256 13,674
Investment property 5 947,321 947,321
957,577 960,995

CURRENT ASSETS
Debtors 6 1,298,339 882,090
Investments 7 5,925 5,474
Cash at bank 4,550 1,361,826
1,308,814 2,249,390
CREDITORS
Amounts falling due within one year 8 990,150 1,007,878
NET CURRENT ASSETS 318,664 1,241,512
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,276,241

2,202,507

MJK & TCK Investments LLP (Registered number: OC325435)

Balance Sheet - continued
30 April 2024

30.4.24 30.4.23
as restated
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 1,503,560 2,429,826
Other reserves (227,319 ) (227,319 )
1,276,241 2,202,507

TOTAL MEMBERS' INTERESTS
Members' other interests 1,276,241 2,202,507
Amounts due from members 6 (1,294,894 ) (866,987 )
(18,653 ) 1,335,520

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 30 April 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 21 January 2025 and were signed by:





M J Kempster - Designated member

MJK & TCK Investments LLP (Registered number: OC325435)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

MJK & TCK Investments 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.

The functional and presentational currency of the LLP is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Going concern
After reviewing the LLP's forecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.

MJK & TCK Investments LLP (Registered number: OC325435)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Investments are shown at fair value or where fair value cannot be readily ascertained at cost less impairment. Any aggregate or surplus arising from changes in fair value is recognised through profit and loss.

Impairment of assets
Fixed assets are reviewed at each reporting date to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Debtors and creditors receivable/payable in one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Provision for liabilities
Provisions are recognised when the LLP has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 5 (2023 - 4 ) .

MJK & TCK Investments LLP (Registered number: OC325435)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 57,619
DEPRECIATION
At 1 May 2023 43,945
Charge for year 3,418
At 30 April 2024 47,363
NET BOOK VALUE
At 30 April 2024 10,256
At 30 April 2023 13,674

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 947,321
NET BOOK VALUE
At 30 April 2024 947,321
At 30 April 2023 947,321

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
as restated
£    £   
Trade debtors 3,077 15,103
Other debtors 1,295,262 866,987
1,298,339 882,090

7. CURRENT ASSET INVESTMENTS
30.4.24 30.4.23
as restated
£    £   
Listed investments 5,925 5,474

MJK & TCK Investments LLP (Registered number: OC325435)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
as restated
£    £   
Trade creditors 328 202
Taxation and social security 3,688 19,370
Other creditors 986,134 988,306
990,150 1,007,878

9. CONTROLLING PARTY

The controlling party is M J Kempster.