1 April 2023 false No description of principal activity Taxfiler 2024.6 OC426498business:LimitedLiabilityPartnershipLLP2023-04-012024-03-29 OC4264982023-03-31 OC4264982023-04-012024-03-29 OC426498business:AuditExempt-NoAccountantsReport2023-04-012024-03-29 OC426498business:FullAccounts2023-04-012024-03-29 OC4264982024-03-29 OC426498business:PartnerLLP12023-04-012024-03-29 OC426498business:PartnerLLP22023-04-012024-03-29 OC426498business:RegisteredOffice2023-04-012024-03-29 OC4264982023-03-31 OC426498core:WithinOneYear2024-03-29 OC426498core:WithinOneYear2023-03-31 OC426498core:AfterOneYear2024-03-29 OC426498core:AfterOneYear2023-03-31 OC426498business:SmallEntities2023-04-012024-03-29 OC426498core:PlantMachinery2023-04-012024-03-29 OC426498core:ComputerEquipment2023-04-012024-03-29 OC426498countries:EnglandWales2023-04-012024-03-29 OC426498core:Goodwill2023-03-31 OC426498core:IntangibleAssetsOtherThanGoodwill2023-03-31 OC426498core:Goodwill2024-03-29 OC426498core:IntangibleAssetsOtherThanGoodwill2024-03-29 OC426498core:Goodwill2023-04-012024-03-29 OC426498core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-29 OC426498core:PlantMachinery2023-03-31 OC426498core:ComputerEquipment2023-03-31 OC426498core:PlantMachinery2024-03-29 OC426498core:ComputerEquipment2024-03-29 OC426498core:AdditionsToInvestments2024-03-29 OC4264982022-04-012023-03-31 iso4217:GBP xbrli:pure
Registered No. OC426498 (England and Wales)
JP Private Clients 2019 LLP Unaudited accounts for the period from 1 April 2023 to 29 March 2024
JP Private Clients 2019 LLP LLP Information for the period from 1 April 2023 to 29 March 2024
Designated members
Ms R Noot
Mr J C Price
Registered Number
OC426498 (England and Wales)
Registered Office
Brook House Main Avenue Peterston-Super-Ely Cardiff CF5 6LQ Wales
Accountants
Optimum Tax and Accounting Ltd 4 Glasshouse Studios Fryern Court Road Hants SP6 1QX
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JP Private Clients 2019 LLP Statement of financial position as at 29 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
253,996 
302,275 
Tangible assets
20,316 
19,093 
Investments
3,482 
- 
277,794 
321,368 
Current assets
Debtors
1,555 
- 
Cash at bank and in hand
2,282 
33,989 
3,837 
33,989 
Creditors: amounts falling due within one year
(354,905)
(704,538)
Net current liabilities
(351,068)
(670,549)
Total assets less current liabilities
(73,274)
(349,181)
Creditors: amounts falling due after more than one year
(435,949)
- 
Net liabilities attributable to members
(509,223)
(349,181)
Represented by:
Loans and other debts due to members
(509,223)
(349,181)
(509,223)
(349,181)
Total members' interests
Loans and other debts due to members
(509,223)
(349,181)
(509,223)
(349,181)
For the period ending 29 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 20 February 2025.
Mr J C Price Designated member Limited Liability Partnership Registration No. OC426498
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JP Private Clients 2019 LLP Notes to the Accounts for the period from 1 April 2023 to 29 March 2024
1
Accounting policies
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 & 5 yr SLM
Computer equipment
3 & 5 yr SLM
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Pension costs
The LLP operates a defined contribution scheme for the benefit of its employees. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
Leased assets
Where the LLP enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a 'finance lease'. The asset is recorded in the balance sheet as a tangible fixed asset and is depreciated over its estimated useful life or the term of the lease, whichever is shorter. Future instalments under such leases, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account, and the capital element which reduces the outstanding obligation for future instalments. All other leases are accounted for as 'operating leases' and the rental charges are charged to the profit and loss account on a straight line basis over the life of the lease. Rents receivable on the freehold investment property under the terms of the operating lease are included in the profit and loss account on a receivable basis.
2
Statutory information
JP Private Clients 2019 LLP is a limited liability partnership, incorporated in England and Wales, registration number OC426498. Its registered office is Brook House, Main Avenue, Peterston-Super-Ely, Cardiff, CF5 6LQ, Wales.
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JP Private Clients 2019 LLP Notes to the Accounts for the period from 1 April 2023 to 29 March 2024
3
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 April 2023
482,792 
12,600 
495,392 
At 29 March 2024
482,792 
12,600 
495,392 
Amortisation
At 1 April 2023
193,117 
- 
193,117 
Charge for the period
48,279 
- 
48,279 
At 29 March 2024
241,396 
- 
241,396 
Net book value
At 29 March 2024
241,396 
12,600 
253,996 
At 31 March 2023
289,675 
12,600 
302,275 
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
34,119 
14,976 
49,095 
Additions
- 
19,547 
19,547 
At 29 March 2024
34,119 
34,523 
68,642 
Depreciation
At 1 April 2023
20,246 
9,756 
30,002 
Charge for the period
7,755 
10,569 
18,324 
At 29 March 2024
28,001 
20,325 
48,326 
Net book value
At 29 March 2024
6,118 
14,198 
20,316 
At 31 March 2023
13,873 
5,220 
19,093 
5
Investments
Other investments 
Cost
£ 
At 1 April 2023
- 
Additions
3,482 
At 29 March 2024
3,482 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
111,480 
584,989 
Trade creditors
228,939 
111,001 
Taxes and social security costs
8,366 
2,428 
Accruals
6,120 
6,120 
354,905 
704,538 
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JP Private Clients 2019 LLP Notes to the Accounts for the period from 1 April 2023 to 29 March 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
435,949 
- 
8
Loans and other debts due to members
2024 
2023 
£ 
£ 
Loans from members
(509,223)
(349,181)
Amounts falling due within one year
(509,223)
(349,181)
9
Average number of employees
During the period the average number of employees was 2 (2023: 2).
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