J3 Business Park Doncaster LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC382773 (England and Wales)

J3 Business Park Doncaster LLP

Unaudited Financial Statements For The Year Ended 31 March 2019

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

N M Foster

J A S I Lowe

R D P Lowe

A E Morris

B Morris

S A Morris

T E Morris

REGISTERED OFFICE:

c/o A E Morris Limited

Bankwood Lane

New Rossington

Doncaster

DN11 0PS

REGISTERED NUMBER:

OC382773 (England and Wales)

ACCOUNTANTS:

Allotts Business Services Ltd

Chartered Accountants

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

FIXED ASSETS

Tangible assets

4

72,593

25,612

Investment property

5

9,646,331

9,630,000

9,718,924

9,655,612

CURRENT ASSETS

Debtors

6

29,696

30,249

Cash in hand

130

130

29,826

30,379

CREDITORS

Amounts falling due within one year

1,038,558

867,337

NET CURRENT LIABILITIES

(1,008,732

)

(836,958

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,710,192

8,818,654

CREDITORS

Amounts falling due after more than one year

2,377,199

2,677,993

NET ASSETS ATTRIBUTABLE TO MEMBERS

6,332,993

6,140,661

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

787,251

594,919

MEMBERS' OTHER INTERESTS

Capital accounts

1,993,479

1,993,479

Revaluation reserve

9

3,552,263

3,552,263

6,332,993

6,140,661

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

787,251

594,919

Members' other interests

5,545,742

5,545,742

6,332,993

6,140,661

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 March 2019.

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 applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 18 December 2019 and were signed by:

N M Foster - Designated member

1.	STATUTORY INFORMATION

J3 Business Park Doncaster 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 as modified by the revaluation of certain assets.

Turnover

Turnover comprises revenue recognised by the LLP in respect of goods and services supplied and rental income

during the year, exclusive of Value Added Tax and trade discounts.

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

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2018

82,204

Additions

67,600

Disposals

(7,650

)

At 31 March 2019

142,154

DEPRECIATION

At 1 April 2018

56,592

Charge for year

19,093

Eliminated on disposal

(6,124

)

At 31 March 2019

69,561

NET BOOK VALUE

At 31 March 2019

72,593

At 31 March 2018

25,612

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

9,630,000

Additions

16,331

At 31 March 2019

9,646,331

NET BOOK VALUE

At 31 March 2019

9,646,331

At 31 March 2018

9,630,000

Fair value at 31 March 2019 is represented by:

£

Valuation in 2018

9,630,000

Cost

16,331

9,646,331

If investment property had not been revalued it would have been included at the following historical cost:

2019

2018

£

£

Cost

6,094,068

6,077,737

Investment property was valued on an open market value basis on 31 March 2018 by the members .

The members consider this value to remain appropriate for the accounts

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Other debtors

12,458

12,458

7.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank overdrafts

76,851

97,563

Bank loans

2,639,308

2,901,418

Hire purchase contracts

10,157

58,194

2,726,316

3,057,175

Bank loans and overdrafts are secured by a fixed charge on the LLP''s investment property.

Hire purchase liabilities are secured on the assets concerned.

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2019

2018

£

£

Amounts owed to members in respect of profits

787,251

594,919

Falling due within one year

787,251

594,919

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

winding up.

9.

RESERVES

Revaluation

reserve

£

At 1 April 2018

and 31 March 2019

3,552,263

10.	RELATED PARTY DISCLOSURES

In addition to £787,251 (2018 £594,919) loans and other debts due to members, debtors include £73,500, (2018

creditors £41,220) due from members of the LLP.