REGISTERED NUMBER: OC379277 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

JAKET LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs T Porter

Mr J Porter

REGISTERED OFFICE:

3rd Floor

207 Regent Street

London

W1B 3HH

REGISTERED NUMBER:

OC379277 (England and Wales)

FIXED ASSETS

2,542,996

Tangible assets

4

2,094,195

CURRENT ASSETS

2,669

Debtors

4,528

3,080

Cash at bank

30,178

5,749

34,706

CREDITORS

15,988

Amounts falling due within one year

10,529

(10,239

)

NET CURRENT ASSETS/(LIABILITIES)

24,177

TOTAL ASSETS LESS CURRENT LIABILITIES

and

2,532,757

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,118,372

2,839,355

LOANS AND OTHER DEBTS DUE TO MEMBERS

5

2,424,970

MEMBERS' OTHER INTERESTS

(306,598

)

Other reserves

(306,598

)

2,532,757

2,118,372

TOTAL MEMBERS' INTERESTS

2,839,355

Loans and other debts due to members

5

2,424,970

(306,598

)

Members' other interests

(306,598

)

2,532,757

2,118,372

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 22 September 2025 and were signed by:

Mr J Porter - Designated member

1.	STATUTORY INFORMATION

Jaket 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

At the time of approving the financial statements the members have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

The members continue to adopt the going concern basis of accounting in preparing financial statements.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

3,016,825

Disposals

(479,890

)

At 31 March 2025

2,536,935

DEPRECIATION

At 1 April 2024

473,829

Charge for year

57,319

Eliminated on disposal

(88,408

)

At 31 March 2025

442,740

NET BOOK VALUE

At 31 March 2025

2,094,195

At 31 March 2024

2,542,996

The properties are in at cost and have not been revalued as the members believe the value is not materially different to cost.

5.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.25

31.3.24

£

£

Amounts owed to members in respect of profits

2,424,970

2,839,355

Falling due within one year

2,424,970

2,839,355

Any debts due to the members rank equally with debts due to other creditors upon winding up of the entity.

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Porter by virtue of his 51% membership.