REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 5 April 2022 |
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for |
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JR Invest LLP |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 5 April 2022 |
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for |
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JR Invest LLP |
JR Invest LLP (Registered number: OC389965) |
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Contents of the Financial Statements |
for the Year Ended 5 April 2022 |
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Page |
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General Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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JR Invest LLP |
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General Information |
for the Year Ended 5 April 2022 |
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DESIGNATED MEMBERS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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44 The Pantiles |
Tunbridge Wells |
Kent |
TN2 5TN |
JR Invest LLP (Registered number: OC389965) |
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Statement of Financial Position |
5 April 2022 |
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5.4.22 | 5.4.21 |
as restated |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
( |
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( |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
360,364 |
471,086 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
- |
- |
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MEMBERS' OTHER INTERESTS |
Capital accounts | 1,152,092 | 1,262,814 |
Other reserves | ( |
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360,364 | 471,086 |
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TOTAL MEMBERS' INTERESTS |
Members' other interests | 360,364 | 471,086 |
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The members acknowledge their responsibilities for: |
(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP. |
JR Invest LLP (Registered number: OC389965) |
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Statement of Financial Position - continued |
5 April 2022 |
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In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered. |
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The financial statements were approved by the members of the LLP and authorised for issue on
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JR Invest LLP (Registered number: OC389965) |
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Notes to the Financial Statements |
for the Year Ended 5 April 2022 |
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1. | STATUTORY INFORMATION |
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JR Invest LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The functional currency of the LLP is pounds sterling and euro. The presentational currency is pounds sterling Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated. |
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Going concern |
After reviewing the LLP's forecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements. |
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Significant judgements and estimates |
Estimates and judgements have been made in respect of the valuation of investment property and the carrying value of goodwill. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
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Financial instruments |
Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
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Such assets are subsequently carried at amortised cost, using the effective interest rate method. |
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Basic financial liabilities including trade and other payables are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. |
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Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
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Provision for liabilities |
Provisions are recognised when the LLP has a present obligation (legal or constructive) as a result of a past event, it is probable that the LLP will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. |
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The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. |
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Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises. |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the year was NIL (2021 - NIL). |
JR Invest LLP (Registered number: OC389965) |
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Notes to the Financial Statements - continued |
for the Year Ended 5 April 2022 |
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4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 6 April 2021 |
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Disposals | ( |
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At 5 April 2022 |
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NET BOOK VALUE |
At 5 April 2022 |
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At 5 April 2021 |
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Investment properties have been valued by the members, and are disclosed at their open market value which is not materially different to cost. |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.22 | 5.4.21 |
as restated |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.22 | 5.4.21 |
as restated |
£ | £ |
Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
5.4.22 | 5.4.21 |
as restated |
£ | £ |
Bank loans |
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Amounts falling due in more than five years: |
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Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst |
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JR Invest LLP (Registered number: OC389965) |
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Notes to the Financial Statements - continued |
for the Year Ended 5 April 2022 |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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5.4.22 | 5.4.21 |
as restated |
£ | £ |
Bank loans |
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Godiva Mortgages Limited has a first legal charge over the freehold property known as Flat 30, 33 Durnford Street, Plymouth, PL1 3EU registered at the Land Registry under title number DN656418. |