J C Bracelet LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC350845 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

J C Bracelet LLP

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

62,495

21,513

CURRENT ASSETS

Debtors

5

41,837

28,511

Cash at bank

2,120

8,598

43,957

37,109

CREDITORS

Amounts falling due within one year

6

2,297

5,127

NET CURRENT ASSETS

41,660

31,982

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

104,155

53,495

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

104,155

53,495

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

104,155

53,495

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 December 2018.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 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 small LLPs.

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.

The financial statements were approved by the members of the LLP on 27 February 2019 and were signed by:

Mrs D James - Designated member

1.	STATUTORY INFORMATION

J C Bracelet LLP is registered in England and Wales. The LLP's registered number and registered office address

are as below:

Registered number:

OC350845

Registered office:

Suite 1, The Riverside Building

Livingstone Road

Hessle

Hull

East Yorkshire

HU13 0DZ

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 25% on cost and 20% on reducing balance

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme

are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

126,177

Additions

71,500

Disposals

(53,174

)

At 31 December 2018

144,503

DEPRECIATION

At 1 January 2018

104,664

Charge for year

20,826

Eliminated on disposal

(43,482

)

At 31 December 2018

82,008

NET BOOK VALUE

At 31 December 2018

62,495

At 31 December 2017

21,513

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

5,246

10,973

Other debtors

36,591

17,538

41,837

28,511

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other creditors

2,297

5,127

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank after all other creditors.

8.	RELATED PARTY DISCLOSURES

Included in the Balance Sheet are the following balances for JC Leisure Connexions Ltd a company in which all

the partners are directors and equally own the share capital: -

£31,023 inter-company balance included in Other Debtors