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REGISTERED NUMBER: OC378653 (England and Wales)















Report of the Members and

Unaudited Financial Statements

for the Period 1st October 2023 to 31st March 2024

for

J&J MARTIN LLP

J&J MARTIN LLP (REGISTERED NUMBER: OC378653)






Contents of the Financial Statements
for the Period 1st October 2023 to 31st March 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


J&J MARTIN LLP

General Information
for the Period 1st October 2023 to 31st March 2024







DESIGNATED MEMBERS: J E Martin
J R Martin





REGISTERED OFFICE: 89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ





REGISTERED NUMBER: OC378653 (England and Wales)





ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ

J&J MARTIN LLP (REGISTERED NUMBER: OC378653)

Report of the Members
for the Period 1st October 2023 to 31st March 2024

The members present their report with the financial statements of the LLP for the period 1st October 2023 to 31st March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of carrying out MOT's on vehicles.

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

J E Martin
J R Martin

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The profit for the period before members' remuneration and profit shares was £1,746 (2023 - £6,303 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





J E Martin - Designated member


24th January 2025

J&J MARTIN LLP (REGISTERED NUMBER: OC378653)

Income Statement
for the Period 1st October 2023 to 31st March 2024

PERIOD
1.10.23
TO YEAR ENDED
31.3.24 30.9.23
Notes £    £   

TURNOVER 28,597 45,477

Cost of sales 2,597 3,988
GROSS PROFIT 26,000 41,489

Administrative expenses 23,866 47,016
OPERATING PROFIT/(LOSS) 4 2,134 (5,527 )


Interest payable and similar expenses 388 776
PROFIT/(LOSS) FOR THE FINANCIAL
PERIOD BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS





1,746





(6,303





)

J&J MARTIN LLP (REGISTERED NUMBER: OC378653)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 10,869 12,190

CURRENT ASSETS
Debtors 6 150 2,651
Cash at bank and in hand 8,015 1,687
8,165 4,338
CREDITORS
Amounts falling due within one year 7 8,897 8,505
NET CURRENT LIABILITIES (732 ) (4,167 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,137

8,023

CREDITORS
Amounts falling due after more than one
year

8

4,197

7,753
NET ASSETS ATTRIBUTABLE TO
MEMBERS

5,940

270

LOANS AND OTHER DEBTS DUE TO
MEMBERS

5,940

270

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 5,940 270
Amounts due from members 6 - (1,965 )
5,940 (1,695 )

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 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.

J&J MARTIN LLP (REGISTERED NUMBER: OC378653)

Balance Sheet - continued
31st March 2024


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 24th January 2025 and were signed by:





J E Martin - Designated member

J&J MARTIN LLP (REGISTERED NUMBER: OC378653)

Notes to the Financial Statements
for the Period 1st October 2023 to 31st March 2024

1. STATUTORY INFORMATION

J&J Martin 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.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 1 (2023 - 1 ) .

4. OPERATING PROFIT/(LOSS)

The operating profit (2023 - operating loss) is stated after charging:

PERIOD
1.10.23
TO YEAR ENDED
31.3.24 30.9.23
£    £   
Depreciation - owned assets 1,531 4,064

J&J MARTIN LLP (REGISTERED NUMBER: OC378653)

Notes to the Financial Statements - continued
for the Period 1st October 2023 to 31st March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2023 19,884
Additions 210
At 31st March 2024 20,094
DEPRECIATION
At 1st October 2023 7,694
Charge for period 1,531
At 31st March 2024 9,225
NET BOOK VALUE
At 31st March 2024 10,869
At 30th September 2023 12,190

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 150 686
Other debtors - 1,965
150 2,651

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,738 3,962
Trade creditors (216 ) 71
Other creditors 4,375 4,472
8,897 8,505

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 2,197 4,953
Other creditors 2,000 2,800
4,197 7,753

9. RELATED PARTY DISCLOSURES

During the period under review £22,581 (2021: £18,548) was recharged by Whitchurch Service & Repairs Ltd, for use of shared utilities. Mr J E Martin is a director and majority shareholder of Whitchurch Service & Repairs Ltd.