Limited Liability Partnership registration number OC370120 (England and Wales)
THE JENNY HALL FAMILY PARTNERSHIP LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
THE JENNY HALL FAMILY PARTNERSHIP LLP
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
THE JENNY HALL FAMILY PARTNERSHIP LLP (REGISTERED NUMBER: OC370120)
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
840,000
800,000
Current assets
Cash at bank and in hand
47,912
48,248
Creditors: amounts falling due within one year
4
(1,500)
(1,464)
Net current assets
46,412
46,784
Total assets less current liabilities and net assets attributable to members
886,412
846,784
Represented by:
Loans and other debts due to members within one year
Members' capital classified as a liability
425,000
425,000
Other amounts
56,972
46,784
481,972
471,784
Members' other interests
Revaluation reserve
404,440
375,000
886,412
846,784

The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

For the financial year ended 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to limited liability partnerships) with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

THE JENNY HALL FAMILY PARTNERSHIP LLP (REGISTERED NUMBER: OC370120)
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the members and authorised for issue on 28 August 2025 and are signed on their behalf by:
28 August 2025
Ms A Haynes
Designated member
THE JENNY HALL FAMILY PARTNERSHIP LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Limited liability partnership information

The Jenny Hall Family Partnership LLP is a limited liability partnership incorporated in England and Wales. The registered office is 34 Well Close, Leigh, Tonbridge, Kent, TN11 8RQ.

 

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents rental income received during the period which relates to current accounting period.

1.3
Members' participating interests

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

 

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.

 

Where there exists an asset and liability component in respect of an individual member’s participation rights, they are presented on a gross basis unless the LLP has both a legally enforceable right to set off the recognised amounts, and it intends either to settle on a net basis or to settle and realise these amounts simultaneously, in which case they are presented net.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as ‘Loans and other debts due to members’ to the extent they exceed debts due from a specific member.

THE JENNY HALL FAMILY PARTNERSHIP LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

2
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2025
2024
Number
Number
Total
3
3
3
Investment property
2025
£
Fair value
At 1 April 2024
800,000
Additions through external acquisition
10,560
Net gains or losses through fair value adjustments
29,440
At 31 March 2025
840,000

Investment property comprises properties at a fair value of £840,000. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2025 by the members. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

 

 

4
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
1,500
1,464
5
Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

6
Revaluation reserve
THE JENNY HALL FAMILY PARTNERSHIP LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
6
Revaluation reserve
(Continued)
- 5 -
2025
2024
£
£
At beginning of year
375,000
545,000
Fair value adjustment to investments
29,440
-
Other movements
-
(170,000)
At end of year
404,440
375,000
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