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 2019

for

J C Bracelet LLP

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

46,874

62,495

CURRENT ASSETS

Debtors

5

45,087

41,837

Cash at bank

5,954

2,120

51,041

43,957

CREDITORS

Amounts falling due within one year

6

4,306

2,297

NET CURRENT ASSETS

46,735

41,660

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

93,609

104,155

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

93,609

104,155

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

93,609

104,155

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 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.

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 26 February 2020 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 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.

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 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2019

and 31 December 2019

144,503

DEPRECIATION

At 1 January 2019

82,008

Charge for year

15,621

At 31 December 2019

97,629

NET BOOK VALUE

At 31 December 2019

46,874

At 31 December 2018

62,495

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

3,162

5,246

Other debtors

41,925

36,591

45,087

41,837

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other creditors

4,306

2,297

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: -

£37,520 inter-company balance included in Other Debtors