ACCOUNTS - Final Accounts preparation

Loans and other debts due to members

Registered number: OC447268

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 5 APRIL 2026

	J2K PARTNERSHIP LLP


J2K PARTNERSHIP LLP

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 5


J2K PARTNERSHIP LLP REGISTERED NUMBER:OC447268

STATEMENT OF FINANCIAL POSITION

AS AT 5 APRIL 2026

		2026		2025
Note		£		£


Current assets
Cash at bank and in hand		587		181
		587		181
Creditors: Amounts Falling Due Within One Year	4	(2,046)		(1,715)
Net current liabilities			(1,459)		(1,534)
Total assets less current liabilities			(1,459)		(1,534)

Net liabilities			(1,459)		(1,534)

Represented by:
Loans and other debts due to members within one year
Other amounts	(1,459)	(1,534)
	(1,459)	(1,534)

	(1,459)	(1,534)

Total members' interests
Loans and other debts due to members	(1,459)	(1,534)
	(1,459)	(1,534)

Page 1


J2K PARTNERSHIP LLP REGISTERED NUMBER:OC447268

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 5 APRIL 2026

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 profit and loss account 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 by:

................................................ K K D Gartside	................................................ J R Gartside
Designated member	Designated member

Date: 3 June 2026

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

J2K Partnership 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


J2K PARTNERSHIP LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2026

1.	General information

J2K Partnership LLP is a Limited Liability Partnership incorporated and domiciled in the UK. The LLP's registered number and registered office address can be found on the Company Information page.

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

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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

Going concern

The financial statements are no longer being prepared on a going concern basis. This determination has been made due to the LLP ceasing to trade following the year end. The members will continue to financially support the LLP in order to pay down its liabilities as appropriate.

2.3

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3


J2K PARTNERSHIP LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2026

2.Accounting policies (continued)

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 automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in profit and loss.

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

Employees

The average monthly number of persons (including members with contracts of employment) employed during the year was as follows:

	2026	2025
	No.	No.

Members	2	2

4.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Trade creditors	1,026	815
Accruals and deferred income	1,020	900
	2,046	1,715

Page 4


J2K PARTNERSHIP LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2026


Other amounts due to members	(1,459)	(1,534)
	(1,459)	(1,534)

Loans and other debts due to members may be further analysed as follows:

					2026	2025
					£	£


Falling due within one year	(1,459)	(1,534)
	(1,459)	(1,534)

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

Page 5