JRD Ventures 1 LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC306342

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,224		6,448

			3,224		6,448
CURRENT ASSETS
Debtors	5	1,117,769		836,962
Cash at bank and in hand		2,385		38

		1,120,154		837,000
Creditors: Amounts Falling Due Within One Year	6	(1,045,844 )		(813,783 )

NET CURRENT ASSETS (LIABILITIES)			74,310		23,217

TOTAL ASSETS LESS CURRENT LIABILITIES			77,534		29,665

NET ASSETS ATTRIBUTABLE TO MEMBERS			77,534		29,665

REPRESENTED BY:
Equity
Members' other interests
Members' capital		100		100
Other reserves		77,434		29,565

			77,534		29,665

TOTAL MEMBERS' INTEREST
Members' other interests			77,534		29,665

			77,534		29,665

Page 1

Page 2

JRD Ventures 1 LLP

Balance Sheet (continued)

As At 31 March 2025

For the 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 applicable to LLPs subject to the small LLPs regime.)

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 accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Mahesh Chugani

Designated Member

22/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

JRD Ventures 1 LLP is a limited liability partnership, incorporated in England & Wales, registered number OC306342 . The Registered Office is 25A Hatton Garden, London, EC1N 8BN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for rebates and other similar allowances.

The LLP recognises revenue when:

The amount of revenue can be reliably measured

It is probable that future economic benefits will flow to the entity

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	N/A
Leasehold	10 years Straight Line
Plant & Machinery	N/A
Motor Vehicles	N/A
Fixtures & Fittings	N/A
Computer Equipment	N/A

2.4. Leasing and Hire Purchase Contracts

OPERATING LEASES - THE LLP AS LESSEE

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight line basis over the lease term

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straigh line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset

LEASED ASSETS - THE LLP AS A LESSOR

Where assets leased to a third party give rights approximating to ownership (finance lease), the lessor recognises as a receivable an amount equal to the net investment in the lease i.e the minimum lease payments receivable under the lease discounted at the interest rate implicit in the lease. This receivable is reduced as the lessee makes capital payments over the term of the lease

A finance lease gives rise to two types if income: profit or loss equivalent to the profit or loss resulting from outright sale of the asset being leased, at normal selling prices, reflecting any applicable discounts , and finance over the lease term

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)

Page 3

Page 4

JRD Ventures 1 LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Land & Property
	Leasehold
	£
Cost
As at 1 April 2024	44,652

As at 31 March 2025	44,652

Depreciation
As at 1 April 2024	38,204
Provided during the period	3,224

As at 31 March 2025	41,428

Net Book Value
As at 31 March 2025	3,224

As at 1 April 2024	6,448

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,074,431	793,631
Prepayments and accrued income	43,338	43,331

	1,117,769	836,962

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	13,299	2
VAT	3,815	4,377
Other creditors	1,027,280	807,915
Accruals and deferred income	1,450	1,489

	1,045,844	813,783

Page 4