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REGISTERED NUMBER: OC428654 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

FOR

J&S PROPERTY HOLDINGS LONDON LLP

J&S PROPERTY HOLDINGS LONDON LLP (REGISTERED NUMBER: OC428654)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J&S PROPERTY HOLDINGS LONDON LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DESIGNATED MEMBERS: S Penney
J Penney





REGISTERED OFFICE: 21 Richmond Road
Kingston
Surrey
KT2 5BW





REGISTERED NUMBER: OC428654 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

J&S PROPERTY HOLDINGS LONDON LLP (REGISTERED NUMBER: OC428654)

BALANCE SHEET
5 APRIL 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 4,512,646 3,912,646

CURRENT ASSETS
Debtors 5 15,207 652

CREDITORS
Amounts falling due within one year 6 3,360 2,749
NET CURRENT ASSETS/(LIABILITIES) 11,847 (2,097 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,524,493

3,910,549

CREDITORS
Amounts falling due after more than one year 7 3,138,111 2,954,050
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,386,382

956,499

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

1,386,382

956,499

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 1,386,382 956,499

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 5 April 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 4 March 2025 and were signed by:



S Penney - Designated member

J&S PROPERTY HOLDINGS LONDON LLP (REGISTERED NUMBER: OC428654)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024


1. STATUTORY INFORMATION

J&S Property Holdings London 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 represents gross rental income received.

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

In accordance with FRS 102; Investment property is property (land or building, or part of a building, or both) held by the owner or by the lessee under a finance lease to earn rentals or for capital appreciation or both. An entity shall measure investment property at its initial recognition. The cost of a purchased investment property comprises its purchase price and any directly attributable expenditure such as legal and brokerage fees, property transfer taxes and other transaction costs. Investment property whose fair value can be measured reliably without undue cost or effort shall be measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The members consider that the value included in the accounts is a fair valuation of the property's market value at the balance sheet date.

3. EMPLOYEE INFORMATION

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023 3,912,646
Revaluations 600,000
At 5 April 2024 4,512,646
NET BOOK VALUE
At 5 April 2024 4,512,646
At 5 April 2023 3,912,646

Fair value at 5 April 2024 is represented by:
£   
Valuation in 2024 600,000
Cost 3,912,646
4,512,646

J&S PROPERTY HOLDINGS LONDON LLP (REGISTERED NUMBER: OC428654)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


4. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

5.4.24 5.4.23
£    £   
Cost 3,912,646 3,912,646

Investment property was valued on an open market basis on 5 April 2024 by the members of the LLP .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Other debtors 15,207 652

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Other creditors 3,360 2,749

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
5.4.24 5.4.23
£    £   
Bank loans 3,138,111 2,954,050

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 299,993 299,996

8. SECURED DEBTS

The following secured debts are included within creditors:

5.4.24 5.4.23
£    £   
Bank loans 3,138,111 2,954,050

Shawbrook Bank Limited and Yorkshire Building Society have charges over the property owned by the LLP.

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.