JKC Property Management LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC425643 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2020

FOR

JKC PROPERTY MANAGEMENT LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

J Grybas

Mrs K Grybiene

REGISTERED OFFICE:

13 Nant Celyn

Crynant

Neath

SA10 8PZ

REGISTERED NUMBER:

OC425643 (England and Wales)

ACCOUNTANTS:

Charles & Co

Chartered Certified Accountants

3 Murray Street

Llanelli

Carmarthenshire

SA15 1AQ

FIXED ASSETS

Tangible assets

4

334,000

-

CURRENT ASSETS

Debtors

5

2,100

-

Cash at bank

11,644

1

13,744

1

CREDITORS

Amounts falling due within one year

6

2,460

-

NET CURRENT ASSETS

11,284

1

TOTAL ASSETS LESS CURRENT LIABILITIES

345,284

1

CREDITORS

Amounts falling due after more than one year

7

115,324

-

NET ASSETS ATTRIBUTABLE TO MEMBERS

229,960

1

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

229,960

-

MEMBERS' OTHER INTERESTS

Capital accounts

-

1

229,960

1

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

229,960

-

Members' other interests

-

1

229,960

1

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 5 April 2020.

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 and authorised for issue on 10 June 2020 and were signed by:

J Grybas - Designated member

1.	STATUTORY INFORMATION

JKC Property Management 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.

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.

Freehold property

-

not provided

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

Additions

334,000

At 5 April 2020

334,000

NET BOOK VALUE

At 5 April 2020

334,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

2,100

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other creditors

2,460

-

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Other creditors

115,324

-

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Amounts in 'Loans and other debts due to Members' (other than Members' capital classified as a liability) would

rank pari passu with other creditors who are unsecured in the event of a winding up. No restrictions or limitations

exist on the ability of the Members to reduce the amount of Members other interests.