JRA Business Development LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC391238

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		43,813		48,103

			43,813		48,103
CURRENT ASSETS
Debtors	5	52,361		48,293
Cash at bank and in hand		4,217		2,573

		56,578		50,866
Creditors: Amounts Falling Due Within One Year	6	(76,505 )		(70,574 )

NET CURRENT ASSETS (LIABILITIES)			(19,927 )		(19,708 )

TOTAL ASSETS LESS CURRENT LIABILITIES			23,886		28,395

Creditors: Amounts Falling Due After More Than One Year	7		(23,886 )		(28,395 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			-		-

REPRESENTED BY:
TOTAL MEMBERS' INTEREST

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JRA Business Development LLP

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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 J Alexander

Designated Member

15th May 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

JRA Business Development LLP is a limited liability partnership, incorporated in England & Wales, registered number OC391238 . The Registered Office is 1st & 2nd Floor Studios, 1 Bridge Buildings, Barnstaple, Devon, EX31 1HA.

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 May 2024 (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:

Motor Vehicles

25% straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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JRA Business Development LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2025: NIL)

4. Tangible Assets

	Motor Vehicles
	£
Cost
As at 1 April 2025	121,167
Additions	26,649
Disposals	(24,060 )

As at 31 March 2026	123,756

Depreciation
As at 1 April 2025	73,064
Provided during the period	30,939
Disposals	(24,060 )

As at 31 March 2026	79,943

Net Book Value
As at 31 March 2026	43,813

As at 1 April 2025	48,103

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	3,119	-
Other debtors	49,242	48,293

	52,361	48,293

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	21,700	16,775
Trade creditors	38	92
Other creditors	54,767	53,707

	76,505	70,574

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JRA Business Development LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	23,886	28,395

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	21,700	16,775
Later than one year and not later than five years	23,886	28,395

	45,586	45,170

	45,586	45,170

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