Jason Packaging LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC301489

Jason Packaging LLP

Filleted Unaudited Financial Statements

31 March 2025

Jason Packaging LLP

Financial Statements

Year ended 31st March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Jason Packaging LLP

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	4		109,000		87,000

Current assets

Cash at bank and in hand	37,184		88,980

Creditors: amounts falling due within one year	5	2,177		5,504
		--------		--------
Net current assets			35,007		83,476
			---------		---------
Total assets less current liabilities			144,007		170,476
			---------		---------
Net assets			144,007		170,476
			---------		---------

Represented by:

Loans and other debts due to members

Other amounts	6	144,007	170,476
		---------	---------

Members' other interests

Other reserves	–	–
	---------	---------
	144,007	170,476
	---------	---------

Total members' interests

Loans and other debts due to members	6	144,007	170,476
Members' other interests		–	–
		---------	---------
		144,007	170,476
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.

For the year ending 31st March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .

Jason Packaging LLP

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the members and authorised for issue on 17 December 2025 , and are signed on their behalf by:

Dr B. Walshaw

Designated Member

Registered number: OC301489

Jason Packaging LLP

Notes to the Financial Statements

Year ended 31st March 2025

1.	General information

The LLP is registered in England and Wales. The address of the registered office is Prettywood, Bury New Road, Heap Bridge, Bury, Lancashire, BL9 7HZ.

2.	Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3.	Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Revenue recognition, which is stated net of vat, depends on the type of revenue concerned. Interest income and expense is recognised on an accruals basis. Turnover represents total invoice value, excluding VAT, of sales invoices raised during the year.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Income statement in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Statement of financial position.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the income statement within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Motor vehicles	-	£3000 per vehicle

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4.	Tangible assets

	Motor vehicles	Total
	£	£
Cost
At 1st April 2024	117,000	117,000
Additions	55,000	55,000
Disposals	( 36,000)	( 36,000)
	---------	---------
At 31st March 2025	136,000	136,000
	---------	---------
Depreciation
At 1st April 2024	30,000	30,000
Charge for the year	6,000	6,000
Disposals	( 9,000)	( 9,000)
	---------	---------
At 31st March 2025	27,000	27,000
	---------	---------
Carrying amount
At 31st March 2025	109,000	109,000
	---------	---------
At 31st March 2024	87,000	87,000
	---------	---------

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	344	4,159
Social security and other taxes	963	–
Other creditors	870	1,345
	-------	-------
	2,177	5,504
	-------	-------

6.	Loans and other debts due to members

	2025	2024
	£	£
Amounts owed to members in respect of profits	144,007	170,476
	---------	---------

7.	Related party transactions

In the opinion of the members there is no controlling party.