REGISTERED NUMBER: |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
3 NOVEMBER 2023 TO 30 NOVEMBER 2024 |
FOR |
JK PERSONAL LLP |
REGISTERED NUMBER: |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
3 NOVEMBER 2023 TO 30 NOVEMBER 2024 |
FOR |
JK PERSONAL LLP |
JK PERSONAL LLP (REGISTERED NUMBER: OC449797) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Period 3 November 2023 to 30 November 2024 |
Page |
General Information | 1 |
Report of the Members | 2 |
Accountants' Report | 3 |
Income Statement | 4 |
Balance Sheet | 5 |
Reconciliation of Members' Interests | 6 |
Notes to the Financial Statements | 7 |
JK PERSONAL LLP |
GENERAL INFORMATION |
For The Period 3 November 2023 to 30 November 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Business Advisors & Accountants |
Equinox House |
Clifton Park, Shipton Road |
York |
Yorkshire |
YO30 5PA |
JK PERSONAL LLP (REGISTERED NUMBER: OC449797) |
REPORT OF THE MEMBERS |
For The Period 3 November 2023 to 30 November 2024 |
The members present their report with the financial statements of the LLP for the period 3 November 2023 to 30 November 2024. |
INCORPORATION |
The LLP was incorporated on 3 November 2023 and commenced trading on 28 November 2023. |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the period under review was that of property rental. |
DESIGNATED MEMBERS |
The designated members during the period under review were: |
RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS |
The profit for the period before members' remuneration and profit shares was £35,956. |
MEMBERS' INTERESTS |
The member's drawing policy allows each member to draw a proportion of their profit share, subject to the cash requirements of the business. |
A member's capital requirement is linked to their share of profit and the financing requirement of the limited liability partnership. |
STATEMENT OF MEMBERS' RESPONSIBILITIES |
The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations. |
Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to: |
- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business. |
The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
ON BEHALF OF THE MEMBERS: |
ACCOUNTANTS' REPORT TO THE MEMBERS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
JK PERSONAL LLP |
In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of JK Personal LLP for the period ended 30 November 2024 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us. |
This report is made solely to the members of JK Personal LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JK Personal LLP and state those matters that we have agreed to state to the members of JK Personal LLP, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report. |
It is your duty to ensure that JK Personal LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JK Personal LLP. You consider that JK Personal LLP is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of JK Personal LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Business Advisors & Accountants |
Equinox House |
Clifton Park, Shipton Road |
York |
Yorkshire |
YO30 5PA |
Date: ............................................. |
JK PERSONAL LLP (REGISTERED NUMBER: OC449797) |
INCOME STATEMENT |
For The Period 3 November 2023 to 30 November 2024 |
£ |
TURNOVER |
Administrative expenses |
(30,585 | ) |
Other operating income |
OPERATING PROFIT and |
PROFIT FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
JK PERSONAL LLP (REGISTERED NUMBER: OC449797) |
BALANCE SHEET |
30 November 2024 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS | 719 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
6 |
719 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 6 | 719 |
Amounts due from members | (2,219 | ) |
(1,500 | ) |
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 were approved by the members of the LLP and authorised for issue on |
JK PERSONAL LLP (REGISTERED NUMBER: OC449797) |
RECONCILIATION OF MEMBERS' INTERESTS |
For The Period 3 November 2023 to 30 November 2024 |
EQUITY | DEBT | TOTAL |
Members' | Loans and other debts due to | MEMBERS' |
other | members less any amounts due | INTERESTS |
interests | from members in debtors |
Other | Other |
reserves | amounts | Total |
£ | £ | £ |
Amount due to members | - |
Amount due from members | - |
Balance at 3 November 2023 | - | - | - |
Profit for the financial period available for discretionary division among members |
35,956 |
- |
35,956 |
Members' interests after profit for the period |
35,956 |
- |
35,956 |
Other divisions of profit | (35,956 | ) | 35,956 | - |
Introduced by members | - | 30,874 | 30,874 |
Drawings on account and distributions of profit |
- |
(68,330 |
) |
(68,330 |
) |
Amount due to members | 719 |
Amount due from members | (2,219 | ) |
Balance at 30 November 2024 | - | (1,500 | ) | (1,500 | ) |
JK PERSONAL LLP (REGISTERED NUMBER: OC449797) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Period 3 November 2023 to 30 November 2024 |
1. | STATUTORY INFORMATION |
JK Personal 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 |
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 period was NIL. |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 30 November 2024 |
NET BOOK VALUE |
At 30 November 2024 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
6. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Members' capital ranks after other creditors on a winding up. |