JGTAX LLP

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

Registered number: OC420259

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		7,216		3,557

			7,216		3,557
CURRENT ASSETS
Debtors	5	15,161		25,065
Cash at bank and in hand		188,683		127,593

		203,844		152,658
Creditors: Amounts Falling Due Within One Year	6	(158,960 )		(147,150 )

NET CURRENT ASSETS (LIABILITIES)			44,884		5,508

TOTAL ASSETS LESS CURRENT LIABILITIES			52,100		9,065

NET ASSETS ATTRIBUTABLE TO MEMBERS			52,100		9,065

REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability		100		100
Other amounts		52,000		8,965

			52,100		9,065

			52,100		9,065

TOTAL MEMBERS' INTEREST
Loans and other debts due to members			52,100		9,065

			52,100		9,065

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JGTAX 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

Mrs Lu Jiang

Designated Member

31/12/2025

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

1. General Information

JGTAX LLP is a limited liability partnership, incorporated in England & Wales, registered number OC420259 . The Registered Office is 30 Churchill Place, London, E14 5RE.

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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:

Plant & Machinery	3 years Reducing Balance
Computer Equipment	3 years Reducing Balance

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 6 (2024: 6)

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	1,899	5,936	7,835
Additions	3,562	1,941	5,503

As at 31 March 2025	5,461	7,877	13,338

Depreciation
As at 1 April 2024	990	3,288	4,278
Provided during the period	880	964	1,844

As at 31 March 2025	1,870	4,252	6,122

...CONTINUED

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JGTAX LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	3,591	3,625	7,216

As at 1 April 2024	909	2,648	3,557

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	4,211	8,141
Other debtors	8,000	9,474

	12,211	17,615
Due after more than one year
Other debtors	2,950	7,450

	15,161	25,065

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	40,898	24,859
Other creditors	103,658	110,958
Taxation and social security	14,404	11,333

	158,960	147,150

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