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Reports Dated : 14/03/2025 Registered Number: OC420259
England and Wales

 

 

 

JGTAX LLP


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Chartered Accountant's report to the Members on the preparation of the unaudited statutory accounts of JGTAX LLP for the year ended 31 March 2024


To assist you to fulfil your duties under the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of JGTAX LLP  which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the LLPs accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Members of JGTAX LLP, as a body, in accordance with the terms of our engagement letter dated 14 March 2025. Our work has been undertaken solely to prepare for your approval the financial statements of JGTAX LLP and state those matters that we have agreed to state to the members of JGTAX LLP, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JGTAX LLP and its members as a body for our work or for this report.

It is your duty to ensure that JGTAX LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JGTAX LLP. You consider that JGTAX LLP  is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JGTAX LLP . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.



....................................................
Frederick Martin O'BRIEN (FCCA)
30 Churchill Place
Canary Wharf
London
E14 5RE
14 March 2025
1
 
 
Notes
 
31/03/2024
£
  31/03/2023
£
Fixed assets      
Tangible fixed assets 3 3,557    3,525 
3,557    3,525 
Current assets      
Debtors: amounts falling due within one year 17,615    15,081 
Debtors: amounts falling due after one year 7,450    4,500 
Cash at bank and in hand 127,593    67,565 
152,658    87,146 
Creditors: amount falling due within one year (51,036)   (11,592)
Net current assets 101,622    75,554 
 
Total assets less current liabilities 105,179    79,079 
Accruals and deferred income (96,114)   (72,132)
Net assets 9,065    6,947 
 

Represented by:
Members' other interest
Reserves 6,938    4,951 
Other reserves 2,127    1,996 
9,065    6,947 

9,065    6,947 
 

Total members' interests
Members' other interests 9,065    6,947 
9,065    6,947 
 


For the year ending 31 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 LLP has opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006.


The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006 (as applied to LLPs).

These accounts were approved by the members and signed on their behalf by:


.............................................................................

Designated Member
Date approved by the members: 14 March 2025
2
General Information
JGTAX LLP is a limited liability partnership, registered in England and Wales, registration number OC420259, registration address 30 Churchill Place, Canary Wharf, London, E14 5RE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 3 years Reducing Balance
Computer Equipment 3 years Reducing Balance
2.

Average number of employees

Average number of employees during the year was 6 (2023 : 5).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 April 2023 1,316    5,053    6,369 
Additions 583    883    1,466 
Disposals    
At 31 March 2024 1,899    5,936    7,835 
Depreciation
At 01 April 2023 348    2,496    2,844 
Charge for year 642    792    1,434 
On disposals    
At 31 March 2024 990    3,288    4,278 
Net book values
Closing balance as at 31 March 2024 909    2,648    3,557 
Opening balance as at 01 April 2023 968    2,557    3,525 


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