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REGISTERED NUMBER: OC441309 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2023 to 30 March 2024

for

JP Yachting LLP

JP Yachting LLP (Registered number: OC441309)






Contents of the Financial Statements
for the Period 1 April 2023 to 30 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JP Yachting LLP

General Information
for the Period 1 April 2023 to 30 March 2024







DESIGNATED MEMBERS: P J Noe
Mrs L E Noe





REGISTERED OFFICE: The White House
2 Meadrow
Godalming
Surrey
GU7 3HN





REGISTERED NUMBER: OC441309 (England and Wales)





ACCOUNTANTS: Hughes Waddell
The White House
2 Meadrow
Godalming
Surrey
GU7 3HN

JP Yachting LLP (Registered number: OC441309)

Balance Sheet
30 March 2024

30.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 213,068 252,199

CURRENT ASSETS
Debtors 5 5,606 1,454
Cash at bank 822 10,141
6,428 11,595
CREDITORS
Amounts falling due within one year 6 29,385 17,414
NET CURRENT LIABILITIES (22,957 ) (5,819 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

190,111

246,380

CREDITORS
Amounts falling due after more than one
year

7

190,111

205,844
NET ASSETS ATTRIBUTABLE TO
MEMBERS

-

40,536

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

-

40,536

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 - 40,536
Amounts due from members 5 (4,152 ) -
(4,152 ) 40,536

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 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.

JP Yachting LLP (Registered number: OC441309)

Balance Sheet - continued
30 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 23 January 2025 and were signed by:





P J Noe - Designated member

JP Yachting LLP (Registered number: OC441309)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 March 2024

1. STATUTORY INFORMATION

JP Yachting 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.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently at cost less impairment.

Boats are depreciated over five years with a residual value of 10%.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Boats
£   
COST
At 1 April 2023 307,560
Additions 20,942
At 30 March 2024 328,502
DEPRECIATION
At 1 April 2023 55,361
Charge for period 60,073
At 30 March 2024 115,434
NET BOOK VALUE
At 30 March 2024 213,068
At 31 March 2023 252,199

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 31.3.23
£    £   
Other debtors 5,606 1,454

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 31.3.23
£    £   
Bank loans and overdrafts 15,733 15,734
Trade creditors - 1,200
Other creditors 13,652 480
29,385 17,414

JP Yachting LLP (Registered number: OC441309)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.3.24 31.3.23
£    £   
Bank loans 190,111 205,844

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 127,178 142,911

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and debts due to members rank pari passu with unsecured creditors. The legal opinion given in an appendix to the SORP, Accounting by Limited Liability Partnerships, is that members' other interests rank after unsecured creditors.