Company No: OC445082 (England and Wales)

Contents

• Limited Liability Partnership Information
• Balance Sheet
• Reconciliation of Members' Interests
• Notes to the Financial Statements

DESIGNATED MEMBERS	A R Gibbons
	L A Gibbons

REGISTERED OFFICE	1 Hazlewell Road
	London
	SW15 6LU
	United Kingdom

REGISTERED NUMBER

OC445082 (England and Wales)

ACCOUNTANT	Gravita Business Services II Limited
	Aldgate Tower
	2 Leman Street
	London
	E1 8FA
	United Kingdom

	Note	31.03.2025		31.03.2024
		£		£
Fixed assets
Investments		24,652,210		26,360,650
		24,652,210		26,360,650
Current assets
Debtors	3	4,031		4,200
Cash at bank and in hand		1,430,173		54,308
		1,434,204		58,508
Creditors: amounts falling due within one year	4	( 5,920)		( 208,101)
Net current assets/(liabilities)		1,428,284		(149,593)
Total assets less current liabilities		26,080,494		26,211,057
Net assets attributable to members		26,080,494		26,211,057
Represented by
Loans and other debts due to members within one year
Other amounts		3,370,855		3,437,873
		3,370,855		3,437,873
Members' other interests
Members' capital classified as equity		22,706,568		22,773,184
Other reserves		3,071		0
		22,709,639		22,773,184
		26,080,494		26,211,057
Total members' interests
Loans and other debts due to members		3,370,855		3,437,873
Members' other interests		22,709,639		22,773,184
		26,080,494		26,211,057

For the financial year ending 31 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.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of The Jeds 2022 LLP (registered number: OC445082) were approved and authorised for issue by the Board of Directors on 23 December 2025. They were signed on its behalf by:

A R Gibbons Designated member

L A Gibbons Designated member

	EQUITY Members' other interests			DEBT Loans and other debts due to members less any amounts due from members in debtors	Total members' interests
	Members' capital (classified as equity)	Other reserves	Total	Other amounts	Total
	£	£	£	£	£
Balance at 16 December 2022	0	0	0	0	0
Profit for the financial year/period available for discretionary division among members	0	3,437,873	3,437,873	0	3,437,873
Members' interest after profit for the financial year/period	0	3,437,873	3,437,873	0	3,437,873
Division of profit	0	(3,437,873)	(3,437,873)	3,437,873	0
Introduced by members	22,773,184	0	22,773,184	0	22,773,184
Amounts due to members				3,437,873
Balance at 31 March 2024	22,773,184	0	22,773,184	3,437,873	26,211,057
Loss for the financial year/period available for discretionary division among members	0	(63,947)	(63,947)	0	(63,947)
Members' interest after loss for the financial year/period	22,773,184	(63,947)	22,709,237	3,437,873	26,147,110
Division of loss	0	67,018	67,018	(67,018)	0
Introduced by members	(66,616)	0	(66,616)	0	(66,616)
Amounts due to members				3,370,855
Balance at 31 March 2025	22,706,568	3,071	22,709,639	3,370,855	26,080,494

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

The Jeds 2022 LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 1 Hazlewell Road, London, SW15 6LU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the limited liability partnership and rounded to the nearest £.

Reporting period length

The comparative figures represent accounting period between 16 December 2024 to 31 March 2024. As a result, these figures are not directly comparable to the reported yearly accounting period to 31 March 2025.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the limited liability partnership becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the limited liability partnership after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the limited liability partnership intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the limited liability partnership transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the limited liability partnership, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the limited liability partnership’s contractual obligations expire or are discharged or cancelled.

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).

Members’ participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member’s participation rights including amounts subscribed or otherwise contributed by members, for example members’ capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

The profits are not automatically divided as they arise, the LLP therefore has an unconditional right to refuse payment of the profits for a particular year unless and until those profits are divided by a decision taken by the members; and accordingly, following such a division, those profits are classed as an appropriation or equity rather than an expense. They are therefore shown as a residual amount available for appropriation in the Profit and Loss Account.

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 Profit and Loss Account 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'.

2. Employees

	Year ended 31.03.2025		Period from 16.12.2022 to 31.03.2024
	Number		Number
Monthly average number of persons employed by the LLP during the year	2		2

3. Debtors

	31.03.2025		31.03.2024
	£		£
Trade debtors	0		4,200
Other debtors	4,031		0
	4,031		4,200

4. Creditors: amounts falling due within one year

	31.03.2025		31.03.2024
	£		£
Other loans	0		200,000
Accruals	5,920		5,701
Other creditors	0		2,400
	5,920		208,101