Registered number
OC446817
JAUJAR & RIMPLE LLP
Filleted Accounts
30 April 2024
JAUJAR & RIMPLE LLP
Registered number: OC446817
Balance Sheet
as at 30 April 2024
Notes 2024
£
Fixed assets
Tangible assets 3 510,000
Current assets
Cash at bank and in hand 6,248
Creditors: amounts falling due within one year 4 (15,250)
Net current liabilities (9,002)
Total assets less current liabilities 500,998
Creditors: amounts falling due after more than one year 5 (35,945)
Net assets attributable to members 465,053
Represented by:
Loans and other debts due to members 7 222,400
Members' other interests
Members' capital classified as equity 228,952
Other reserves 13,701
242,653
465,053
Total members' interests
Loans and other debts due to members 7 222,400
Members' other interests 242,653
465,053
For the period ended 30 April 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 17 January 2025 and signed on their behalf by:
Jaujar Singh Sidhu
Designated member
JAUJAR & RIMPLE LLP
Notes to the Accounts
for the period from 11 April 2023 to 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes (if applicable). Turnover represents the value of rent receivable.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Investment properties
Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are revalued annually and the aggregate surplus or deficit is transferred to revaluation reserve. No depreciation is provided in respect of investment properties.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2024
Number
Average number of persons employed by the LLP 0
3 Investment properties
Land and buildings
£
Cost
Additions 510,000
At 30 April 2024 510,000
Depreciation
At 30 April 2024 -
Net book value
At 30 April 2024 510,000
Freehold land and buildings: 2024
£
Historical cost 510,000
510,000
The investment properties were measured for fair value by the members, and in their opinion the fair value of the investment property is fairly stated.
4 Creditors: amounts falling due within one year 2024
£
Bank loans and overdrafts 14,500
Other creditors 750
15,250
5 Creditors: amounts falling due after one year 2024
£
Bank loans 35,945
6 Loans 2024
£
Creditors include:
Secured bank loans 50,445
The bank loan is secured by first charge over the freehold land and buildings held by the LLP.
7 Loans and other debts due to members 2024
£
Members capital classified as debt 222,400
Amounts falling due within one year 222,400
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
8 Controlling party
The LLP is under the control of its members Mr Jaujar Singh and Mrs Rashpinder Kaur SIDHU.
9 Other information
JAUJAR & RIMPLE LLP is a limited liability partnership incorporated in England. Its registered office is:
3 Craneswater Park
Southall
Middlesex
UB2 5RW
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