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REGISTERED NUMBER: OC346165 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

JEFFREY ALEXANDER LLP

JEFFREY ALEXANDER LLP (REGISTERED NUMBER: OC346165)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024










Page

General Information 1

Report of the Members 2

Accountants' Report 3

Profit and Loss Account 4

Balance Sheet 5

Notes to the Financial Statements 7


JEFFREY ALEXANDER LLP

GENERAL INFORMATION
for the Year Ended 30 June 2024







DESIGNATED MEMBERS: JAKB Corporate UK Limited
Mr N D Maxwell
Mrs J Maxwell





REGISTERED OFFICE: 100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: OC346165 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

JEFFREY ALEXANDER LLP (REGISTERED NUMBER: OC346165)

REPORT OF THE MEMBERS
for the Year Ended 30 June 2024


The members present their report with the financial statements of the LLP for the year ended 30 June 2024.

PRINCIPAL ACTIVITY
The principle activity of the LLP in the year under review was that of surveyors.

DESIGNATED MEMBERS
The designated members during the year under review were:

JAKB Corporate UK Limited
Mr N D Maxwell
Mrs J Maxwell

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £82,256 (2023 - £138,299 profit).

MEMBERS' INTERESTS
All members are equity members and share in all the profits and subscribe the entire capital of the LLP. The allocation of profit is determined by the LLP members after the year end. Members draw a proportion of their profit share on a monthly basis during the year in which the profit is made, with the balance, net of tax retention, paid in subsequent years. All payments are subject to the cash requirements of the business.

ON BEHALF OF THE MEMBERS:





Mr N D Maxwell - Designated member


27 March 2025

ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
JEFFREY ALEXANDER LLP



In accordance with our terms of engagement we have prepared for your approval the financial statements from the accounting records and from information and explanations you have given us.

This report is made solely to you, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to you in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than you for our work or for this report.

You have approved the financial statements and have acknowledged your responsibility for them, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for their compilation.

We have not verified the accuracy or completeness of the accounting records or information and explanations you have given us and we do not, therefore, express any opinion on the financial statements.






Xeinadin
100 Barbirolli Square
Manchester
M2 3BD


27 March 2025

JEFFREY ALEXANDER LLP (REGISTERED NUMBER: OC346165)

PROFIT AND LOSS ACCOUNT
for the Year Ended 30 June 2024

2024 2023
Notes £    £   

TURNOVER 395,604 462,295

Cost of sales 127,155 176,968
GROSS PROFIT 268,449 285,327

Administrative expenses 184,673 143,717
OPERATING PROFIT 83,776 141,610


Interest payable and similar expenses 1,520 3,311
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


82,256


138,299

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


82,256


138,299

Members' remuneration charged as an
expense

4

-

(45,000

)
PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


82,256


93,299

JEFFREY ALEXANDER LLP (REGISTERED NUMBER: OC346165)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 2,812 2,701
2,812 2,701

CURRENT ASSETS
Debtors 7 88,887 49,782
Cash at bank 26,974 46,074
115,861 95,856
CREDITORS
Amounts falling due within one year 8 102,946 75,704
NET CURRENT ASSETS 12,915 20,152
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,727

22,853

CREDITORS
Amounts falling due after more than one
year

9

9,795

20,000
NET ASSETS ATTRIBUTABLE TO
MEMBERS

5,932

2,853

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

5,932

2,853

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 5,932 2,853

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 30 June 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.

JEFFREY ALEXANDER LLP (REGISTERED NUMBER: OC346165)

BALANCE SHEET - continued
30 June 2024


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 27 March 2025 and were signed by:





Mr N D Maxwell - Designated member

JEFFREY ALEXANDER LLP (REGISTERED NUMBER: OC346165)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Jeffrey Alexander LLP is incorporated in the United Kingdom under the Limited Liability Partnership Act 2000, registration number OC346165. The address of the registered office is 100 Barbirolli Square, Manchester, United Kingdom, M2 3BD. The address of the principal place of business is City View House, 5 Union Street, Manchester, M12 4JD.

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.

Turnover
Turnover represents amounts recognised by the company in respect of fees received as surveyors for residential valuation services exclusive of value added tax and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, has been fully amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below. Depreciation is provided on the following basis:


Fixtures and fittings-15% on reducing balance
Computer equipment-15% on reducing balance


The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

JEFFREY ALEXANDER LLP (REGISTERED NUMBER: OC346165)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024


3. EMPLOYEE INFORMATION

The average number of employees, including members with contracts of employment, during the year was 2 (2023 - 3 ) .

4. INFORMATION IN RELATION TO MEMBERS
2024 2023
£    £   
Members' remuneration charged as an expense
Remuneration paid under an employment
contract

-

45,000

2024 2023

The average number of members during the year was 3 3

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 9,000
AMORTISATION
At 1 July 2023
and 30 June 2024 9,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 1,000 3,558 4,558
Additions - 516 516
At 30 June 2024 1,000 4,074 5,074
DEPRECIATION
At 1 July 2023 833 1,024 1,857
Charge for year 25 380 405
At 30 June 2024 858 1,404 2,262
NET BOOK VALUE
At 30 June 2024 142 2,670 2,812
At 30 June 2023 167 2,534 2,701

JEFFREY ALEXANDER LLP (REGISTERED NUMBER: OC346165)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 52,646 34,132
Other debtors - 2,000
Prepayments 36,241 13,650
88,887 49,782

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,261 10,000
Trade creditors 58,819 25,358
Social security and other taxes 453 9,098
VAT 22,628 19,997
Other creditors 5,014 6,466
Net wages 1,921 -
Accrued expenses 3,850 4,785
102,946 75,704

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 9,795 20,000

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

'Loans and other debts due to members' in Total Members' Interests would rank pari passu with other creditors who are unsecured in the event of a winding up. No restrictions or limitations exist on the ability of the Members to reduce the amount of Members' other interest. These balances relate to undistributed profits and Members' taxation services.