| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 15 NOVEMBER 2023 TO 31 MARCH 2025 |
| FOR |
| J & L PROPERTIES SOUTH EAST LLP |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 15 NOVEMBER 2023 TO 31 MARCH 2025 |
| FOR |
| J & L PROPERTIES SOUTH EAST LLP |
| J & L PROPERTIES SOUTH EAST LLP (REGISTERED NUMBER: OC449981) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 15 NOVEMBER 2023 TO 31 MARCH 2025 |
| Page |
| General Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| J & L PROPERTIES SOUTH EAST LLP |
| GENERAL INFORMATION |
| FOR THE PERIOD 15 NOVEMBER 2023 TO 31 MARCH 2025 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 30 - 34 North Street |
| Hailsham |
| East Sussex |
| BN27 1DW |
| J & L PROPERTIES SOUTH EAST LLP (REGISTERED NUMBER: OC449981) |
| BALANCE SHEET |
| 31 MARCH 2025 |
| Notes | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| and |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
694,015 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
6 |
694,015 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 6 | 694,015 |
| 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. |
| J & L PROPERTIES SOUTH EAST LLP (REGISTERED NUMBER: OC449981) |
| BALANCE SHEET - continued |
| 31 MARCH 2025 |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| J & L PROPERTIES SOUTH EAST LLP (REGISTERED NUMBER: OC449981) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 15 NOVEMBER 2023 TO 31 MARCH 2025 |
| 1. | STATUTORY INFORMATION |
| J & L Properties South East LLP is registered in England and Wales. 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 |
| Significant judgements and estimates |
| No significant judgements have had to be made by management in preparing these financial statements. |
| There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| 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. |
| Financial instruments |
| The LLP only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties. |
| Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. |
| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. |
| Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
| 3. | EMPLOYEE INFORMATION |
| The average number of employees during the period was NIL. |
| J & L PROPERTIES SOUTH EAST LLP (REGISTERED NUMBER: OC449981) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 15 NOVEMBER 2023 TO 31 MARCH 2025 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| Additions |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Other creditors |
| 6. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| £ |
| Amounts owed to members in respect of profits | 694,015 |
| Falling due within one year | 694,015 |