J & M Properties Bodiam LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC315575 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

FOR

J & M PROPERTIES BODIAM LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

J Burgess

Mrs M G Burgess

REGISTERED OFFICE:

Ground Floor

Oakhurst House

77 Mount Ephraim

TUNBRIDGE WELLS

Kent

TN4 8BS

REGISTERED NUMBER:

OC315575 (England and Wales)

ACCOUNTANTS:

Wells Associates

Ground Floor Oakhurst House

77 Mount Ephraim

Tunbridge Wells

Kent

TN4 8BS

FIXED ASSETS

Property, plant and equipment

4

27,652

33,944

Investment property

5

1,300,000

1,327,652

1,333,944

CURRENT ASSETS

Debtors

6

386,229

Cash at bank

12,167

8,509

398,396

394,738

CREDITORS

Amounts falling due within one year

7

(86,555

)

(86,555

)

NET CURRENT ASSETS

311,841

308,183

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,639,493

1,642,127

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

339,493

342,127

MEMBERS' OTHER INTERESTS

Capital accounts

1,300,000

1,639,493

1,642,127

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

339,493

342,127

Members' other interests

1,300,000

Amounts due from members

6

(380,473

)

(380,473

)

1,259,020

1,261,654

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 5 April 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 8 October 2025 and were signed by:

J Burgess - Designated member

Mrs M G Burgess - Designated member

1.	STATUTORY INFORMATION

J & M Properties Bodiam 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.

Turnover

Revenue 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% on cost

Investment property

In accordance with FRS 102 reporting standards investment property is initially recognised at cost including directly attributable expenditure, with no depreciation charged on the properties held during the financial year.

Subsequent to initial recognition investment property is carried at fair value. Fair value is the price that would be received for the sale of the asset between two active market participants in an arms length transaction at the financial position date. Any fair value gains or losses arising from remeasurement are to be projected through the profit and loss account in accordance with the reporting standards.

Valuations under the fair value model are provided by the directors at the end of the reporting period.

The company is not subject to any restrictions relating to the realisability of investment property, or the remittance of income and proceeds of disposal.

3.	EMPLOYEE INFORMATION

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

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 6 April 2024

58,062

750

51,995

650

111,457

Additions

3,500

-

3,500

At 5 April 2025

61,562

750

51,995

650

114,957

DEPRECIATION

At 6 April 2024

50,639

616

25,608

650

77,513

Charge for year

3,162

33

6,597

-

9,792

At 5 April 2025

53,801

649

32,205

650

87,305

NET BOOK VALUE

At 5 April 2025

7,761

101

19,790

-

27,652

At 5 April 2024

7,423

134

26,387

-

33,944

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2024

and 5 April 2025

1,300,000

NET BOOK VALUE

At 5 April 2025

1,300,000

At 5 April 2024

1,300,000

The investment properties have been valued at 28 February 2025 by the members of the LLP, an

independent expert has not been used. The valuation is considered to be the current market value for the

investment properties concerned taking into account the current market conditions, the rental status of the properties and the income arising.

Fair value at 5 April 2025 is represented by:

£

Valuation in 2017

(825,000

)

Valuation in 2019

(150,000

)

Cost

2,275,000

1,300,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts due from members

380,473

Other debtors

5,756

386,229

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other creditors

84,555

Accrued expenses

2,000

86,555

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with unsecured creditors. Members' other interests rank pari passu with unsecured creditors.