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Registered number: OC337172 JONES PROPERTY ASSOCIATES LLP UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE PERIOD ENDED 30 NOVEMBER 2025
JONES PROPERTY ASSOCIATES LLP REGISTERED NUMBER: OC337172 STATEMENT OF FINANCIAL POSITION AS AT 30 NOVEMBER 2025
|  | 30 November |  | 31 March
|  | 2025 |  | 2025
Note | £ | £ | £ | £
Fixed assets |  |  |  |  |
Investments | 3 |  | - |  | 1,150,000
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 4 | - |  | 940 |
Cash at bank and in hand | 5 | 487,224 |  | 29,087 |
|  | 487,224 |  | 30,027 |
Creditors: Amounts falling due within one year | 6 | (2,041) |  | (3,311) |
Net current assets |  |  | 485,183 |  | 26,716
Net assets |  |  | 485,183 |  | 1,176,716
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Members' other interests |  |  |  |  |
Revaluation reserve classified as equity |  | - |  | 800,000 |
Other reserves classified as equity |  | 485,183 |  | 376,716 |
|  |  | 485,183 |  | 1,176,716
|  |  | 485,183 |  | 1,176,716
Total members' interests |  |  |  |  |
Members' other interests |  |  | 485,183 |  | 1,176,716
|  |  | 485,183 |  | 1,176,716
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JONES PROPERTY ASSOCIATES LLP REGISTERED NUMBER: OC337172 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 30 NOVEMBER 2025 The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime. The entity 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. 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. The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The entity has opted not to file the Statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime. The financial statements were approved and authorised for issue by the members and were signed on their behalf on 9 March 2026.
C L Jones
Designated member
The notes on pages 4 to 7 form part of these financial statements. Jones Property Associates LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity. Page 2
JONES PROPERTY ASSOCIATES LLP RECONCILIATION OF MEMBERS' INTERESTS FOR THE PERIOD ENDED 30 NOVEMBER 2025
| EQUITY Members' other interests
| Revaluation reserve | Other reserves | Total
| £ | £ | £
Balance at 1 April 2024 | 800,000 | 381,344 | 1,181,344
Profit for the period available for discretionary division among members | - | 67,372 | 67,372
Members' interests after profit for the period | 800,000 | 448,716 | 1,248,716
Movement in reserves | - | (72,000) | (72,000)
Balance at 31 March 2025 | 800,000 | 376,716 | 1,176,716
Profit for the period available for discretionary division among members | - | 251,517 | 251,517
Members' interests after profit for the period | 800,000 | 628,233 | 1,428,233
Movement in reserves | (800,000) | (143,050) | (943,050)
Balance at 30 November 2025 | - | 485,183 | 485,183
The notes on pages 4 to 7 form part of these financial statements.
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.
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JONES PROPERTY ASSOCIATES LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2025
1. | General information
Jones Property Associates LLP is a limited liability partnership, incorporated in England and Wales. The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, England, UB8 2FX. The principal object of the LLP was that of property investment but the investments were sold in the current trading period and the LLP has now become dormant. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Revenue represents income from the provision of rental properties and other services provided by the company. Rental revenue is recognised over the length of the respective lease term. Revenue relating to other services is recognised when the service is provided.
| 2.3 | Interest income
Interest income is recognised in the Statement of comprehensive income using the effective interest method.
| 2.4 | Division and distribution of profits
A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period. An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making. The LLP divides profits discretionarily. Discretionary divisions of profits choose discretionary and this will automatically change. Page 4
JONES PROPERTY ASSOCIATES LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2025 2.Accounting policies (continued)
| 2.5 | Investment property
Investment property is carried at fair value determined annually by internal valuers and/or members and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.
| 2.6 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. Investments in unlisted LLP shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
| 2.7 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.8 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.9 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 5
JONES PROPERTY ASSOCIATES LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2025
3. | Fixed asset investments
|  | Unlisted investments | Investment property | Total
|  | £ | £ | £
| At 1 April 2025 | 350,000 | 800,000 | 1,150,000
| Disposals | (350,000) | (800,000) | (1,150,000)
| At 30 November 2025 | - | - | -
| Unlisted Investments The unlisted investments of £Nil (31 March 2025 - £350,000) relate to shares in non-related companies. All investment companies are registered in the UK.
4. | Debtors
|  |  |  |  | 30 November | 31 March
|  |  |  |  | 2025 | 2025
|  |  |  |  | £ | £
| Prepayments and accrued income | - | 940
|  | - | 940
5. | Cash and cash equivalents
|  |  |  |  | 30 November | 31 March
|  |  |  |  | 2025 | 2025
|  |  |  |  | £ | £
| Cash at bank and in hand | 487,224 | 29,087
|  | 487,224 | 29,087
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JONES PROPERTY ASSOCIATES LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2025
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 30 November | 31 March
|  |  |  |  | 2025 | 2025
|  |  |  |  | £ | £
| Accruals and deferred income | 2,041 | 3,311
|  | 2,041 | 3,311
7. | Restatement of result for prior period
The LLP has restated its results for the year ended 31 March 2025, by moving £7,515 from turnover to dividends received from unlisted investments. This has reduced turnover by £7,515 for the year and increased investment income by the same amount. There is no change to the LLP's profit before tax or the net assets declared as at 31 March 2025. The change was made to more accurately reflect the nature of a bank receipt during the period.
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