Acorah Software Products - Accounts Production 16.1.300 false true false 14 September 2023 5 April 2024 5 April 2024 OC449096 Mr John Bergman Ms Tracey Brock iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC449096 2023-09-13 OC449096 2024-04-05 OC449096 2023-09-14 2024-04-05 OC449096 frs-core:Non-currentFinancialInstruments 2024-04-05 OC449096 frs-bus:LimitedLiabilityPartnershipLLP 2023-09-14 2024-04-05 OC449096 frs-bus:LimitedLiabilityPartnershipsSORP 2023-09-14 2024-04-05 OC449096 frs-bus:FilletedAccounts 2023-09-14 2024-04-05 OC449096 frs-bus:SmallEntities 2023-09-14 2024-04-05 OC449096 frs-bus:AuditExempt-NoAccountantsReport 2023-09-14 2024-04-05 OC449096 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-14 2024-04-05 OC449096 frs-countries:EnglandWales 2023-09-14 2024-04-05 OC449096 frs-bus:PartnerLLP1 2023-09-14 2024-04-05 OC449096 frs-bus:PartnerLLP2 2023-09-14 2024-04-05
Registered number: OC449096
JTB Property Services LLP
Financial Statements
For the Period 14 September 2023 to 5 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC449096
5 April 2024
Notes £ £
FIXED ASSETS
Investment Properties 4 1,675,000
1,675,000
CURRENT ASSETS
Debtors 5 58,424
58,424
Creditors: Amounts Falling Due Within One Year 6 (13,625 )
NET CURRENT ASSETS (LIABILITIES) 44,799
TOTAL ASSETS LESS CURRENT LIABILITIES 1,719,799
Creditors: Amounts Falling Due After More Than One Year 7 (828,227 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 891,572
REPRESENTED BY:
Equity
Members' other interests
Members' capital 891,572
891,572
TOTAL MEMBERS' INTEREST
Amounts due from members (58,424)
Members' other interests 891,572
833,148
Page 1
Page 2
For the period ending 5 April 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mr John Bergman
Designated Member
29/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JTB Property Services LLP is a limited liability partnership, incorporated in England & Wales, registered number OC449096 . The Registered Office is Digswell Bridge, Digswell Lane, Welwyn , AL6 0SW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 2
2
4. Investment Property
5 April 2024
£
Fair Value
As at 14 September 2023 -
Additions 1,681,222
Fair value adjustments (6,222 )
As at 5 April 2024 1,675,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
5 April 2024
£
Cost 1,681,222
The investment property was revalued by the partners at the year end using an open market basis.
5. Debtors
5 April 2024
£
Due within one year
Other debtors 58,424
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
5 April 2024
£
Other creditors 13,625
7. Creditors: Amounts Falling Due After More Than One Year
5 April 2024
£
Bank loans 828,227
Page 4