Jaynic Investments LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC341984 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2018

for

Jaynic Investments LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

N S Rumsey

Mrs J E Rumsey

REGISTERED OFFICE:

Somerton House

Forest Road

Winkfield Row

Bracknell

Berkshire

RG42 7NJ

REGISTERED NUMBER:

OC341984 (England and Wales)

ACCOUNTANTS:

Fisher Michael

Chartered Accountants

The Old Grange

Warren Estate

Lordship Road

Writtle

Essex

CM1 3WT

FIXED ASSETS

Tangible assets

4

29,696

33,800

Investments

5

5,027,729

5,617,946

5,057,425

5,651,746

CURRENT ASSETS

Debtors

6

471,093

1,182,092

Cash at bank

4,529

4,507

475,622

1,186,599

CREDITORS

Amounts falling due within one year

7

3,332,798

3,465,367

NET CURRENT LIABILITIES

(2,857,176

)

(2,278,768

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,200,249

3,372,978

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

2,200,249

2,252,947

MEMBERS' OTHER INTERESTS

Fair value reserve

9

-

1,120,031

2,200,249

3,372,978

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

2,200,249

2,252,947

Members' other interests

-

1,120,031

2,200,249

3,372,978

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 30 June 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 11 March 2019 and were signed by:

N S Rumsey - Designated member

1.	STATUTORY INFORMATION

Jaynic Investments LLP is registered in England and Wales. The LLP's registered number and registered office

address can be found on the General Information page.

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.

Tangible fixed assets

Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured

at cost less any accumulated depreciation and any accumulated impairment losses.

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

life:

- Property improvements - straight line over 10 years

- Computer equipment - straight line over 3 years

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Investments

Land held for its investment potential is included in the financial statements using the cost model. The fair value

of the land at the transition date has been used at initial recognition under FRS 102. Interest on any borrowings

directly attributable to the original purchase of the land are added to the carrying value.

The value of the land at the balance sheet date is not considered to be materially different from fair value.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2017

48,059

Additions

1,476

At 30 June 2018

49,535

DEPRECIATION

At 1 July 2017

14,259

Charge for year

5,580

At 30 June 2018

19,839

NET BOOK VALUE

At 30 June 2018

29,696

At 30 June 2017

33,800

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2018

2017

£

£

Land

5,027,729

5,617,946

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

471,093

1,182,092

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

1,260,400

1,260,000

Trade creditors

22,565

2,050

Taxation and social security

16,697

-

Other creditors

2,033,136

2,203,317

3,332,798

3,465,367

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2018

2017

£

£

Amounts owed to members in respect of profits

2,200,249

2,252,947

Falling due within one year

2,200,249

2,252,947

In the event of the Limited Liability Partnership being wound up, all unsecured creditors would rank equally.

There is no provision for specific legal enforceable protection afforded to creditors in such an event. There are

no restrictions or limitations that exist on the members to reduce the 'Members other interest'.

9.

RESERVES

Fair

value

reserve

£

At 1 July 2017

1,120,031

Reverse revaluation

(1,120,031

)

At 30 June 2018

-

10.	ULTIMATE CONTROLLING PARTY