Registered number
OC364370
J W COMMONS LLP
Filleted Accounts
31 March 2025
J W COMMONS LLP
Registered number: OC364370
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 16,465 20,079
Current assets
Stocks 195 195
Debtors 4 8,199 1,430
Cash at bank and in hand 32,082 35,341
40,476 36,966
Creditors: amounts falling due within one year 5 (5,567) (7,359)
Net current assets 34,909 29,607
Total assets less current liabilities 51,374 49,686
Creditors: amounts falling due after more than one year 6 (7,667) (9,666)
Net assets attributable to members 43,708 40,020
Represented by:
Loans and other debts due to members 7 43,408 39,720
Members' other interests
Members' capital classified as equity 300 300
43,708 40,020
Total members' interests
Loans and other debts due to members 7 43,408 39,720
Members' other interests 300 300
43,708 40,020
For the year ended 31 March 2025 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 14 July 2025 and signed on their behalf by
Mr C J Commons
Designated member
J W COMMONS LLP
Notes to the Accounts
for the year ended 31 March 2025
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the LLP 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 13,511 14,927 28,438
At 31 March 2025 13,511 14,927 28,438
Depreciation
At 1 April 2024 7,687 672 8,359
Charge for the year 1,048 2,566 3,614
At 31 March 2025 8,735 3,238 11,973
Net book value
At 31 March 2025 4,776 11,689 16,465
At 31 March 2024 5,824 14,255 20,079
4 Debtors 2025 2024
£ £
Trade debtors 8,199 1,430
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 2,461 4,042
Other taxes and social security costs 887 1,098
Other creditors 2,219 2,219
5,567 7,359
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 9,946 12,540
Other creditors (2,279) (2,874)
7,667 9,666
7 Loans and other debts due to members 2025 2024
£ £
Members capital classified as debt 43,408 39,720
Amounts falling due within one year 43,408 39,720
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
8 Other information
J W COMMONS LLP is a limited liability partnership incorporated in England. Its registered office is:5 Margaret Road,Romford,Essex RM2 5SH
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