REGISTERED NUMBER: OC301409 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Just Fir LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

J A Mallet

D E Mallet

REGISTERED OFFICE:

The Old Coal Yard

Par Moor Road

Par

Cornwall

PL24 2SQ

REGISTERED NUMBER:

OC301409 (England and Wales)

FIXED ASSETS

Tangible assets

4

178,153

136,183

CURRENT ASSETS

Stocks

23,400

22,790

Debtors

31,747

23,657

Cash at bank and in hand

21,401

12,157

76,548

58,604

CREDITORS

Amounts falling due within one year

141,075

103,112

NET CURRENT LIABILITIES

(64,527

)

(44,508

)

TOTAL ASSETS LESS CURRENT LIABILITIES

113,626

91,675

CREDITORS

Amounts falling due after more than one year

35,275

35,958

NET ASSETS ATTRIBUTABLE TO MEMBERS

78,351

55,717

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

78,351

55,717

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

78,351

55,717

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 31 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 17 December 2025 and were signed by:

J A Mallet - Designated member

1.	STATUTORY INFORMATION

Just Fir 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.

Turnover

Turnover 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.

Leasehold property

- 2% on reducing balance

Plant and machinery

- 15% on reducing balance

Motor vehicles

- 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

290,711

Additions

58,330

Disposals

(8,529

)

At 31 March 2025

340,512

DEPRECIATION

At 1 April 2024

154,528

Charge for year

16,141

Eliminated on disposal

(8,310

)

At 31 March 2025

162,359

NET BOOK VALUE

At 31 March 2025

178,153

At 31 March 2024

136,183

5.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

34,907

57,067

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

78,351

55,717

Falling due within one year

78,351

55,717

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

There is no provision for specific legally enforceable protection afforded 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 interests'.