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REGISTERED NUMBER: OC422515 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Just Property Matters LLP

Just Property Matters LLP (Registered number: OC422515)






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


Just Property Matters LLP

General Information
for the Year Ended 31st March 2024







DESIGNATED MEMBERS: P H Lightowler
Mrs H A Lightowler
Just Property Matters Holdings Ltd





REGISTERED OFFICE: 40 Mannamead Road
Plymouth
PL4 7AF





REGISTERED NUMBER: OC422515 (England and Wales)





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

Just Property Matters LLP (Registered number: OC422515)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,010,000 4,885,000

CURRENT ASSETS
Debtors 5 13,337 13,697
Cash at bank 21,591 18,851
34,928 32,548
CREDITORS
Amounts falling due within one year 6 (13,337 ) (13,697 )
NET CURRENT ASSETS 21,591 18,851
TOTAL ASSETS LESS CURRENT LIABILITIES 5,031,591 4,903,851

CREDITORS
Amounts falling due after more than one year 7 (1,497,555 ) (1,507,398 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 3,534,036 3,396,453

Just Property Matters LLP (Registered number: OC422515)

Balance Sheet - continued
31st March 2024

2024 2023
Notes £    £   
LOANS AND OTHER DEBTS DUE TO MEMBERS 9 - 3,396,453

MEMBERS' OTHER INTERESTS
Capital accounts 3,534,036 -
3,534,036 3,396,453

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 - 3,396,453
Members' other interests 3,534,036 -
3,534,036 3,396,453

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.

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 10th February 2025 and were signed by:





P H Lightowler - Designated member

Just Property Matters LLP (Registered number: OC422515)

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

1. STATUTORY INFORMATION

Just Property Matters 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.
Land and buildings - in accordance with the property

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 year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1st April 2023 4,885,000
Revaluations 125,000
At 31st March 2024 5,010,000
NET BOOK VALUE
At 31st March 2024 5,010,000
At 31st March 2023 4,885,000

Just Property Matters LLP (Registered number: OC422515)

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

4. TANGIBLE FIXED ASSETS - continued

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

Land and
buildings
£   
Valuation in 2020 115,000
Valuation in 2021 150,000
Valuation in 2022 200,000
Valuation in 2023 55,000
Valuation in 2024 125,000
Cost 4,365,000
5,010,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 13,337 13,697

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 13,337 13,697

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 1,497,555 1,507,398

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 1,497,555 1,507,398

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation.