JESTY CAPITAL LLP - Filleted accounts

Registered number

OC356739

JESTY CAPITAL LLP

Filleted Accounts

31 March 2025

JESTY CAPITAL LLP
Registered number:		OC356739
Balance Sheet
as at 31 March 2025
Notes		2025		2024
£			£
Fixed assets
Tangible assets	3	334		869
Current assets
Debtors	4	38,066		66,775
Cash at bank and in hand		284		-
		38,350		66,775

Creditors: amounts falling due within one year	5	(2,214)		(7,218)

Net current assets		36,136		59,557

Total assets less current liabilities		36,470		60,426



Net assets attributable to members		36,470		60,426

Represented by:
Loans and other debts due to members	6	(281,251)		(266,950)

Members' other interests
Members' capital classified as equity		178,058		170,311
Other reserves		139,663		157,065
		317,721		327,376

		36,470		60,426

Total members' interests
Loans and other debts due to members	6	(281,251)		(266,950)
Members' other interests		317,721		327,376

		36,470		60,426

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 24 September 2025 and signed on their behalf by:


A P Richards
Designated member

JESTY CAPITAL 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:

	Plant and machinery	over 3 years
	Fixtures, fittings, tools and equipment	over 3 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.

	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the LLP's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the LLP			0		0


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	4,825		17,243		22,068
	At 31 March 2025	4,825		17,243		22,068

	Depreciation
	At 1 April 2024	4,825		16,374		21,199
	Charge for the year	-		535		535
	At 31 March 2025	4,825		16,909		21,734

	Net book value
	At 31 March 2025	-		334		334
	At 31 March 2024	-		869		869


4	Debtors			2025		2024
£					£

	Trade debtors			9,291		42,000
	Other debtors			28,775		24,775
				38,066		66,775


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			-		57
	Trade creditors			1,526		21
	Other taxes and social security costs			688		6,790
	Other creditors			-		350
				2,214		7,218


6	Loans and other debts due to members			2025		2024
£					£

	Members capital classified as debt			(7,318)		(7,318)
	Amounts due to members in respect of profits			(273,933)		(259,632)
				(281,251)		(266,950)

	Amounts falling due within one year			(281,251)		(266,950)

	Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.


7	Other information

	JESTY CAPITAL LLP is a limited liability partnership incorporated in England. Its registered office is:
	Cootes Farm Old Hall Road
	Steeple Bumpstead
	Haverhill
	CB9 7EJ