Jivey's LLP - Filleted accounts

Registered number

OC437200

Jivey's LLP

Filleted Accounts

31 March 2025

Jivey's LLP
Registered number:		OC437200
Balance Sheet
as at 31 March 2025
Notes		2025		2024
£			£
Fixed assets
Tangible assets	3	31,592		39,021
Current assets
Stocks		576		421
Cash at bank and in hand		5,647		1,906
		6,223		2,327

Creditors: amounts falling due within one year	4	(24,064)		(10,000)

Net current liabilities		(17,841)		(7,673)

Total assets less current liabilities		13,751		31,348



Net assets attributable to members		13,751		31,348

Represented by:
Loans and other debts due to members	5	12,111		10,208

Members' other interests
Members' capital classified as equity		1,640		21,140

		13,751		31,348

Total members' interests
Loans and other debts due to members	5	12,111		10,208
Members' other interests		1,640		21,140

		13,751		31,348

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 17 November 2025 and signed on their behalf by:


Chloe Jones
Designated member

Jivey's 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	20% reducing balance
	Motor vehicles	20% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the LLP			4		2


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	38,723		18,782		57,505
	Additions	469		-		469
	At 31 March 2025	39,192		18,782		57,974

	Depreciation
	At 1 April 2024	14,728		3,756		18,484
	Charge for the year	4,893		3,005		7,898
	At 31 March 2025	19,621		6,761		26,382

	Net book value
	At 31 March 2025	19,571		12,021		31,592
	At 31 March 2024	23,995		15,026		39,021


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

	Other taxes and social security costs			(933)		-
	Other creditors			24,997		10,000
				24,064		10,000


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

	Amounts due to members in respect of profits			12,111		10,208

	Amounts falling due within one year			12,111		10,208

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


6	Other information

	Jivey's LLP is a limited liability partnership incorporated in England. Its registered office is:
	46 Pant Glas
	Cardiff
	Wales
	CF23 7EU