REGISTERED NUMBER: OC316693 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2025

FOR

JNR PROPERTIES LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

J D Fawcett

N A C Laurence

REGISTERED OFFICE:

10 London Mews

London

W2 1HY

REGISTERED NUMBER:

OC316693 (England and Wales)

ACCOUNTANTS:

Stein Richards

Chartered Accountants

10 London Mews

Paddington

LONDON

W2 1HY

FIXED ASSETS

Investment property

4

860,000

1,685,000

CURRENT ASSETS

Debtors

5

21,206

38,055

Cash at bank

4,064

6,048

25,270

44,103

CREDITORS

Amounts falling due within one year

6

10,841

10,413

NET CURRENT ASSETS

14,429

33,690

TOTAL ASSETS LESS CURRENT LIABILITIES

874,429

1,718,690

CREDITORS

Amounts falling due after more than one year

7

611,741

910,282

NET ASSETS ATTRIBUTABLE TO MEMBERS

262,688

808,408

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

262,688

808,408

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

262,688

808,408

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 30 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.

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 1 October 2025 and were signed by:

N A C Laurence - Designated member

1.	STATUTORY INFORMATION

JNR Properties 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 as modified by the revaluation of certain assets.

After reviewing the LLPs forecasts and projections, the partners have reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover

Turnover represents rent receivable on the investment properties.

Investment property

n accordance with FRS 102 Section 1A, the LLP's properties are held for long-term investment and are included in the Balance Sheet at their open market values. The surplus or deficit on annual revaluation of such properties are transferred to the profit and loss account.

Financial instruments

The LLP only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

3.	EMPLOYEE INFORMATION

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 March 2024

1,685,000

Disposals

(825,000

)

At 30 March 2025

860,000

NET BOOK VALUE

At 30 March 2025

860,000

At 30 March 2024

1,685,000

Fair value at 30 March 2025 is represented by:

£

Valuation in 2012

2,398,495

Valuation in 2013

92,636

Valuation in 2014

59,606

Valuation in 2015

112,898

Valuation in 2016

(885,363

)

Valuation in 2017

295,500

Valuation in 2018

(473,441

)

Valuation in 2019

(758,341

)

Valuation in 2024

(30,000

)

Valuation in 2025

(399,715

)

Cost

447,725

860,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.25

30.3.24

£

£

Other debtors

21,206

38,055

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.25

30.3.24

£

£

Trade creditors

2,787

457

Other creditors

8,054

9,956

10,841

10,413

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.3.25

30.3.24

£

£

Bank loans

611,741

910,282

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

611,741

910,282

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.3.25

30.3.24

£

£

Bank loans

611,741

910,282

Newcastle Building Society and Barclays bank have first legal charges over the investment properties.

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Monies owed to the partners included in loans and other debts due to members are payable after all creditors have been paid.

10.	RELATED PARTY DISCLOSURES