Registered number
OC395095
Cafe Jinnah LLP
Filleted Accounts
30 August 2024
Cafe Jinnah LLP
Registered number: OC395095
Balance Sheet
as at 30 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 409,410 393,382
Current assets
Stocks 43,545 38,540
Cash at bank and in hand 88,698 104,637
132,243 143,177
Creditors: amounts falling due within one year 4 (112,707) (60,886)
Net current assets 19,536 82,291
Total assets less current liabilities 428,946 475,673
Creditors: amounts falling due after more than one year 5 (7,768) (28,275)
Net assets attributable to members 421,178 447,398
Represented by:
Loans and other debts due to members 6 421,175 447,395
Members' other interests
Members' capital classified as equity 3 3
421,178 447,398
Total members' interests
Loans and other debts due to members 6 421,175 447,395
Members' other interests 3 3
421,178 447,398
For the year ended 30 August 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to 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.
The 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.
These accounts were approved by the members on 27 May 2025 and signed on their behalf by:
Mr Saleem Akhtar
Designated member
Cafe Jinnah LLP
Notes to the Accounts
for the year ended 30 August 2024
1 Accounting policies
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over 50 years
Motor vehicle 25% reducing balance basis
Fixtures, fittings, tools and equipment 15% reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the LLP's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 23 18
3 Tangible fixed assets
Leasehold land and buildings Fixtures, fittings, tools and equipment Motor vehicles Total
£ £ £ £
Cost
At 31 August 2023 292,931 252,394 3,000 548,325
Additions 36,277 8,240 - 44,517
At 30 August 2024 329,208 260,634 3,000 592,842
Depreciation
At 31 August 2023 35,841 118,352 750 154,943
Charge for the year 6,584 21,342 563 28,489
At 30 August 2024 42,425 139,694 1,313 183,432
Net book value
At 30 August 2024 286,783 120,940 1,687 409,410
At 30 August 2023 257,090 134,042 2,250 393,382
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,648 -
Trade creditors 16,288 10,444
Other taxes and social security costs 2,281 2,351
Other creditors 83,490 48,091
112,707 60,886
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,768 28,275
6 Loans and other debts due to members 2024 2023
£ £
Loans from members 415,315 412,265
Amounts due to members in respect of profits 5,860 35,130
421,175 447,395
Amounts falling due within one year 421,175 447,395
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
7 Other information
Cafe Jinnah LLP is a limited liability partnership incorporated in England. Its registered office is:
26 Monkgate Monkgate
York
North Yorkshire
YO31 7PF
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