Julius and Julius and Associates LLP

Julius and Julius and Associates LLP
Statement of Financial Position
As at 31 March 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	16,074	2,600
		16,074	2,600
Current assets
Debtors	4	57,447	100,624
Cash at bank and in hand		11,083	10,100
		68,530	110,724
Creditors: amount falling due within one year	5	(13,698)	(6,794)
Net current assets		54,832	103,930

Total assets less current liabilities		70,906	106,530
Creditors: amount falling due after more than one year	6	(29,015)	(54,843)
Net assets		41,891	51,687

Represented by:
Members' other interest
Members' capital		150,229	115,133
Revaluation Reserves		(63,445)	(31,660)
Other reserves		(44,893)	(31,786)
		41,891	51,687
		41,891	51,687

Total members' interests
Members' other interests		41,891	51,687
		41,891	51,687

For the year ending 31 March 2026 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions applicable to LLPs subject to the small LLPs regime.The LLP has opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006

These accounts were approved by the members and signed on their behalf by:

.............................................................................
Akeem Oriyomi RASAQ
Designated Member
Date approved by the members: 01 July 2026

Julius and Julius and Associates LLP
Notes to the Financial Statements
For the year ended 31 March 2026

General Information

Julius and Julius and Associates LLP is a limited liability partnership, registered in , registration number OC346374, registration address 70, Clapton Square, Clapton Square, London, E5 8HW.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

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

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Website cost

Planning and operating costs for the company's website are charged to the income statement as incurred.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures, Fittings & Equipment	2.5 Straight Line
Computer Equipment	5 Straight Line

2.	Average number of employees during the year is Average number of employees during the year was 10 (2025 : 10).

Tangible fixed assets

Cost or valuation	Fixtures, Fittings & Equipment	Computer Equipment	Total
	£	£	£
At 01 April 2025	5,720	-	5,720
Additions	-	18,143	18,143
Disposals	-	-	-
At 31 March 2026	5,720	18,143	23,863
Depreciation
At 01 April 2025	3,120	-	3,120
Charge for year	1,040	3,629	4,669
On disposals	-	-	-
At 31 March 2026	4,160	3,629	7,789
Net book values
Closing balance as at 31 March 2026	1,560	14,514	16,074
Opening balance as at 01 April 2025	2,600	-	2,600

Debtors: amounts falling due after one year

	2026 £		2025 £
Trade Debtors	57,447		100,624
	57,447		100,624

Creditors: amount falling due within one year

	2026 £	2025 £
PAYE & Social Security	9,407	4,385
Other Creditors	(2)	-
VAT	4,293	2,409
	13,698	6,794

Creditors: amount falling due after more than one year

	2026 £	2025 £
Bank Loans & Overdrafts	6,103	7,343
Other Loans	3,000	47,500
Other Creditors- Titus Ayodele Limited	19,912	-
	29,015	54,843


Registered Number: OC346374

JULIUS AND JULIUS AND ASSOCIATES LLP

Unaudited Financial Statements

Period of accounts Start date: 01 April 2025 End date: 31 March 2026