JTC GAS UK LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC355369

		31 December 2024		30 June 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		565		4,163

			565		4,163
CURRENT ASSETS
Debtors	5	140,147		55,016
Cash at bank and in hand		443,347		242,482

		583,494		297,498
Creditors: Amounts Falling Due Within One Year	6	(353,210 )		(64,808 )

NET CURRENT ASSETS (LIABILITIES)			230,284		232,690

TOTAL ASSETS LESS CURRENT LIABILITIES			230,849		236,853

NET ASSETS ATTRIBUTABLE TO MEMBERS			230,849		236,853

REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability		181,681		236,853

			181,681		236,853

Equity
Members' other interests
Other reserves		49,168		-

			49,168		-

			230,849		236,853

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			181,681		236,853
Members' other interests			49,168		-

			230,849		236,853

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JTC GAS UK LLP

Balance Sheet (continued)

As At 31 December 2024

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

JTC Bravo Holdings Limited Designated Member	JTC Global AIFM Solutions (UK) Limited Designated Member
23rd April 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

JTC GAS UK LLP is a limited liability partnership, incorporated in England & Wales, registered number OC355369 . The Registered Office is The Scalpel, 18th Floor, 52 Lime Street, London, EC3M 7AF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	4 years
Computer Equipment	4 years

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the period was: 2 (2023: 1)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 July 2023	1,767	8,917	10,684

As at 31 December 2024	1,767	8,917	10,684

Depreciation
As at 1 July 2023	1,705	4,816	6,521
Provided during the period	62	3,536	3,598

As at 31 December 2024	1,767	8,352	10,119

Net Book Value
As at 31 December 2024	-	565	565

As at 1 July 2023	62	4,101	4,163

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JTC GAS UK LLP

Notes to the Financial Statements (continued)

For the Period 1 July 2023 to 31 December 2024

5. Debtors

	31 December 2024	30 June 2023
	£	£
Due within one year
Trade debtors	140,147	55,016

6. Creditors: Amounts Falling Due Within One Year

	31 December 2024	30 June 2023
	£	£
Trade creditors	353,210	64,808

7. Audit Information

The auditor's report on the accounts of JTC GAS UK LLP for the period ended 31 December 2024 was unqualified.

The auditor's report was signed by Hani Salem (Senior Statutory Auditor) for and on behalf of PricewaterhouseCoopers CI LLP Chartered Accountants , Statutory Auditor.

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