ACCOUNTS - Final Accounts preparation

Loans and other debts due to members

Registered number: OC445076

JIMMY WALES SEVEN RULES LLP

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026


JIMMY WALES SEVEN RULES LLP REGISTERED NUMBER:OC445076

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

		2026		2025
Note		£		£


Current assets
Debtors: amounts falling due within one year	3	2,100		601
		2,100		601
Creditors: Amounts Falling Due Within One Year	4	(42,583)		(3,250)
Net current liabilities			(40,483)		(2,649)
Total assets less current liabilities			(40,483)		(2,649)

Net liabilities			(40,483)		(2,649)

Represented by:
Loans and other debts due from members within one year
Members' capital classified as equity	5	(40,483)	(2,649)

		(40,483)	(2,649)

Total members' interests
Loans and other debts due from members	5	(40,483)	(2,649)
		(40,483)	(2,649)

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JIMMY WALES SEVEN RULES LLP REGISTERED NUMBER:OC445076

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 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 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 by:

J D Wales

Designated member

Date: 23 October 2026

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

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JIMMY WALES SEVEN RULES LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Jimmy Wales Seven Rules LLP is a limited liability partnership incorporated in England and Wales, with its registered office at Connaught House 2nd Floor, 1-3 Mount Street, London, W1K 3NB.

The principal objective of the LLP is to carry on the business of writing and publishing books.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

2.2

Turnover

Turnover comprises revenue recognised by the LLP in respect of services supplied during the period, exclusive of Value Added Tax and trade discounts

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

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.

2.5

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.

2.6

Going concern

The financial statements have been prepared on a going concern basis. The members consider the LLP has adequate resources to continue in operation for at least twelve months from the date of approval of these financial statements.

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JIMMY WALES SEVEN RULES LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Debtors

					2026	2025
					£	£


Trade debtors	2,100	-
Other debtors	-	601
	2,100	601

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

Other taxation and social security	38,885	-
Accruals and deferred income	3,698	3,250
	42,583	3,250


Other amounts due to members	(40,483)	(2,649)
	(40,483)	(2,649)

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

					2026	2025
					£	£


Falling due within one year	(40,483)	(2,649)
	(40,483)	(2,649)

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

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