1 April 2024 false No description of principal activity Taxfiler 2024.6 OC404142business:LimitedLiabilityPartnershipLLP2024-04-012025-03-31 OC4041422024-03-31 OC4041422024-04-012025-03-31 OC404142business:AuditExempt-NoAccountantsReport2024-04-012025-03-31 OC404142business:FilletedAccounts2024-04-012025-03-31 OC4041422025-03-31 OC4041422024-03-31 OC404142core:WithinOneYear2025-03-31 OC404142core:WithinOneYear2024-03-31 OC404142core:ShareCapital2025-03-31 OC404142core:ShareCapital2024-03-31 OC404142core:RetainedEarningsAccumulatedLosses2025-03-31 OC404142core:RetainedEarningsAccumulatedLosses2024-03-31 OC404142business:SmallEntities2024-04-012025-03-31 OC404142business:PartnerLLP32024-04-012025-03-31 OC404142core:ComputerEquipment2024-04-012025-03-31 OC404142countries:EnglandWales2024-04-012025-03-31 OC404142business:RegisteredOffice2024-04-012025-03-31 OC404142core:FurnitureFittings2024-03-31 OC404142core:FurnitureFittings2025-03-31 OC404142core:FurnitureFittings2024-04-012025-03-31 OC4041422023-04-012024-03-31 iso4217:GBP xbrli:pure
Registered No. OC404142 (England and Wales)
JSM ASSOCIATES (LON) LLP Unaudited accounts for the year ended 31 March 2025
JSM ASSOCIATES (LON) LLP Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
3
2,086 
6,526 
Investment property
4
3,962,562 
3,967,412 
Investments
5
1,721,772 
1,721,772 
5,686,420 
5,695,710 
Current assets
Debtors
- 
38,371 
Cash at bank and in hand
92,643 
82,645 
92,643 
121,016 
Creditors: amounts falling due within one year
6
(5,587,572)
(5,588,460)
Net current liabilities
(5,494,929)
(5,467,444)
Net assets attributable to members
191,491 
228,266 
Represented by:
Loans and other debts due to members
7
190,250 
228,166 
Members' other interests
Members' capital classified as equity
100 
100 
Other reserves
1,141 
- 
1,241 
100 
191,491 
228,266 
Total members' interests
Loans and other debts due to members
190,250 
228,166 
Members' other interests
1,241 
100 
191,491 
228,266 
For the year ending 31 March 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 26 November 2025.
Mr P Johal Designated member Limited Liability Partnership Registration No. OC404142
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JSM ASSOCIATES (LON) 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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% straight line
Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
2
Statutory information
JSM ASSOCIATES (LON) LLP is a limited liability partnership, incorporated in England and Wales, registration number OC404142. Its registered office is 7 CLAIRVALE, HORNCHURCH, ESSEX, RM11 3NA, UNITED KINGDOM.
3
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2024
16,405 
At 31 March 2025
16,405 
Depreciation
At 1 April 2024
9,879 
Charge for the year
4,440 
At 31 March 2025
14,319 
Net book value
At 31 March 2025
2,086 
At 31 March 2024
6,526 
4
Investment property
2025 
£ 
Fair value at 1 April 2024
3,967,412 
Disposals
4,850 
At 31 March 2025
3,962,562 
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JSM ASSOCIATES (LON) LLP Notes to the Accounts for the year ended 31 March 2025
5
Investments
Other investments 
Cost
£ 
At 1 April 2024
1,721,772 
At 31 March 2025
1,721,772 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Other creditors
5,561,572 
5,563,690 
Deferred income
26,000 
24,770 
5,587,572 
5,588,460 
7
Loans and other debts due to members
2025 
2024 
£ 
£ 
Amounts due to members in respect of profits
190,250 
228,166 
Amounts falling due within one year
190,250 
228,166 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding-up. There is no provision for specific legally enforceable protection affordable to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members other interest'.
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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