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REGISTERED NUMBER: OC430792 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Jorgensen Family Partnership LLP

Jorgensen Family Partnership LLP (Registered number: OC430792)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jorgensen Family Partnership LLP

General Information
for the Year Ended 31st March 2024







DESIGNATED MEMBERS: S J Jorgensen
Triple A Business Developments Limited





REGISTERED OFFICE: C/O OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Billingham
Co. Durham
TS20 4EA





REGISTERED NUMBER: OC430792 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Jorgensen Family Partnership LLP (Registered number: OC430792)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,028,748 3,031,502

CURRENT ASSETS
Debtors 5 8,839 17,234

CREDITORS
Amounts falling due within one year 6 (54,972 ) (52,195 )
NET CURRENT LIABILITIES (46,133 ) (34,961 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,982,615 2,996,541

CREDITORS
Amounts falling due after more than one
year

7

(669,916

)

(670,094

)
NET ASSETS ATTRIBUTABLE TO MEMBERS 2,312,699 2,326,447

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

-

2,326,447

MEMBERS' OTHER INTERESTS
Capital accounts 2,312,699 -
2,312,699 2,326,447

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 - 2,326,447
Members' other interests 2,312,699 -
2,312,699 2,326,447

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 31st 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.

Jorgensen Family Partnership LLP (Registered number: OC430792)

Balance Sheet - continued
31st March 2024


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 27th January 2025 and were signed by:





S J Jorgensen - Designated member

Jorgensen Family Partnership LLP (Registered number: OC430792)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Jorgensen Family 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.

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 as modified by the revaluation of certain assets.

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.
Freehold property - in accordance with the property
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1st April 2023 3,015,000 1,188 1,067
Additions - - 902
At 31st March 2024 3,015,000 1,188 1,969
DEPRECIATION
At 1st April 2023 - 687 618
Charge for year - 125 340
At 31st March 2024 - 812 958
NET BOOK VALUE
At 31st March 2024 3,015,000 376 1,011
At 31st March 2023 3,015,000 501 449

Jorgensen Family Partnership LLP (Registered number: OC430792)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1st April 2023 31,583 3,811 3,052,649
Additions - 930 1,832
At 31st March 2024 31,583 4,741 3,054,481
DEPRECIATION
At 1st April 2023 18,259 1,583 21,147
Charge for year 3,332 789 4,586
At 31st March 2024 21,591 2,372 25,733
NET BOOK VALUE
At 31st March 2024 9,992 2,369 3,028,748
At 31st March 2023 13,324 2,228 3,031,502

Cost or valuation at 31st March 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2023 75,000 - -
Cost 2,940,000 1,188 1,969
3,015,000 1,188 1,969

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2023 - - 75,000
Cost 31,583 4,741 2,979,481
31,583 4,741 3,054,481

The members see no real benefit in revaluing the properties.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,839 17,234

Jorgensen Family Partnership LLP (Registered number: OC430792)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,649 6,265
Deposits held 51,323 45,930
54,972 52,195

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 669,916 670,094

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 669,916 670,094

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in liquidation.