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REGISTERED NUMBER: OC449797 (England and Wales)
























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: J Kenny
A M Kenny





REGISTERED OFFICE: Equinox House
Clifton Park
Shipton Road
York
North Yorkshire
YO30 5PA





REGISTERED NUMBER: OC449797 (England and Wales)





ACCOUNTANTS: Fortus Limited
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:

J Kenny
A M Kenny

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:





J Kenny - Designated member


23 January 2025

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.






Fortus Limited
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
(30,585 )

Other operating income 66,541
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL PERIOD BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS



35,956

JK PERSONAL LLP (REGISTERED NUMBER: OC449797)

BALANCE SHEET
30 November 2024

Notes £    £   
FIXED ASSETS
Investment property 4 1,870,000

CURRENT ASSETS
Debtors 2,219

CREDITORS
Amounts falling due within one year 5 1,871,500
NET CURRENT LIABILITIES (1,869,281 )
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 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 period ended 30 November 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 23 January 2025 and were signed by:





J Kenny - Designated member

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
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.

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 1,870,000
At 30 November 2024 1,870,000
NET BOOK VALUE
At 30 November 2024 1,870,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 1,871,500

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members' capital ranks after other creditors on a winding up.