JackSot Property Investments LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC422255 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

JACKSOT PROPERTY INVESTMENTS LLP

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

670,000

1,090,000

CURRENT ASSETS

Debtors

5

8,727

11,221

Cash at bank

5,245

5,505

13,972

16,726

CREDITORS

Amounts falling due within one year

6

17,670

22,019

NET CURRENT LIABILITIES

(3,698

)

(5,293

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

666,302

1,084,707

CREDITORS

Amounts falling due after more than one year

7

323,115

758,920

NET ASSETS ATTRIBUTABLE TO MEMBERS

343,187

325,787

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

320,786

329,386

MEMBERS' OTHER INTERESTS

Revaluation reserve

10

70,000

-

Other reserves

(47,599

)

(3,599

)

343,187

325,787

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

320,786

329,386

Members' other interests

22,401

(3,599

)

343,187

325,787

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.

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 8 December 2025 and were signed by:

Mr S Sotiriou - Designated member

1.	STATUTORY INFORMATION

JackSot Property Investments LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC422255

Registered office:

1 Kings Avenue

London

N21 3NA

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Significant judgements and estimates

In the application of the LLP's accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are significant judgements and estimates involved in the preparation of the financial statements.

Revenue

Revenue represents the value of rental income chargeable in respect of the LLP's investment property. Revenue is recognised evenly over the period of the rental agreement.

Investment property

Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Cash and cash equivalent

Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instrument

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3.	EMPLOYEE INFORMATION

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,090,000

Disposals

(446,000

)

Revaluations

26,000

At 31 March 2025

670,000

NET BOOK VALUE

At 31 March 2025

670,000

At 31 March 2024

1,090,000

If investment properties had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

600,000

1,090,000

The members consider the market value of the investment properties to be as stated in the financial statements at the year end.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

6,700

9,950

Other debtors

2,027

1,271

8,727

11,221

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

10,310

10,056

Trade creditors

1,080

3,601

Other creditors

6,280

8,362

17,670

22,019

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

323,115

758,920

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

315,212

740,702

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

315,212

740,702

The bank loan is secured by way of fixed and floating charge on the properties of the LLP and contains negative pledge.

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

Loans from members

281,859

275,312

Amounts owed to members in respect of profits

38,927

54,074

320,786

329,386

Falling due within one year

320,786

329,386

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

10.

RESERVES

Revaluation

reserve

£

Movement during the year

70,000

At 31 March 2025

70,000

11.	RELATED PARTY DISCLOSURES

Included in the creditors less than one year is an amount of £3,186 (2024: £3,539) due to connected entity under common control . The loan was interest free and repayable on demand.