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REGISTERED NUMBER: SO307427 (Scotland)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

DH & NW Jackson Partnership LLP

DH & NW Jackson Partnership LLP (Registered number: SO307427)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DH & NW Jackson Partnership LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: D H Jackson
N W Jackson
DH & NW Jackson Ltd





REGISTERED OFFICE: 11 Berryhill Place
Skene
Westhill
Aberdeenshire
AB32 6BG





REGISTERED NUMBER: SO307427 (Scotland)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

DH & NW Jackson Partnership LLP (Registered number: SO307427)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 522 -
Investment property 5 484,000 492,000
484,522 492,000

CURRENT ASSETS
Debtors 6 40,845 50,963
Cash at bank 2,957 6,206
43,802 57,169
CREDITORS
Amounts falling due within one year 7 (3,593 ) (1,267 )
NET CURRENT ASSETS 40,209 55,902
TOTAL ASSETS LESS CURRENT
LIABILITIES

524,731

547,902

CREDITORS
Amounts falling due after more than one year 8 (344,491 ) (344,491 )
NET ASSETS ATTRIBUTABLE TO
MEMBERS

180,240

203,411

DH & NW Jackson Partnership LLP (Registered number: SO307427)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

180,240

203,411

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 11 180,240 203,411
Amounts due from members 6 (38,620 ) (32,963 )
141,620 170,448

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 31 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 21 March 2025 and were signed by:





D H Jackson - Designated member

DH & NW Jackson Partnership LLP (Registered number: SO307427)

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

1. STATUTORY INFORMATION

DH & NW Jackson Partnership LLP is registered in Scotland. 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.

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

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 569
At 31 March 2024 569
DEPRECIATION
Charge for year 47
At 31 March 2024 47
NET BOOK VALUE
At 31 March 2024 522

DH & NW Jackson Partnership LLP (Registered number: SO307427)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 492,000
Revaluations (8,000 )
At 31 March 2024 484,000
NET BOOK VALUE
At 31 March 2024 484,000
At 31 March 2023 492,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 24,880
Valuation in 2024 (8,000 )
Cost 467,120
484,000

Properties are required to be disclosed within the financial statements at fair value.

The valuation was made by directors on an open market value basis by reference to market evidence of transaction prices for similar properties.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts due from members 38,620 32,963
Other debtors 2,225 18,000
40,845 50,963

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 2,225 -
Accruals and deferred income 1,368 1,267
3,593 1,267

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans (see note 9) 344,491 344,491

DH & NW Jackson Partnership LLP (Registered number: SO307427)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgages 344,491 344,491

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Mortgages 344,491 344,491

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 344,491 344,491

11. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation