Jurgen Kaiser Wines LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC380708 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

FOR

JURGEN KAISER WINES LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

J Kaiser

M J Kaiser

C J Kaiser

REGISTERED OFFICE:

Church Fold

Leathley Lane

Leathley

Otley

West Yorkshire

LS21 2JX

REGISTERED NUMBER:

OC380708 (England and Wales)

ACCOUNTANTS:

Cresswells

12 Market Street

Hebden Bridge

West Yorkshire

HX7 6AD

FIXED ASSETS

Tangible assets

4

38,508

48,727

CURRENT ASSETS

Stocks

1,109,797

1,018,696

Debtors

5

35,782

28,669

Cash at bank and in hand

7,673

42,512

1,153,252

1,089,877

CREDITORS

Amounts falling due within one year

6

59,331

37,348

NET CURRENT ASSETS

1,093,921

1,052,529

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,132,429

1,101,256

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

1,132,429

1,101,256

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

1,132,429

1,101,256

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 January 2022.

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 24 October 2022 and were signed by:

J Kaiser - Designated member

1.	STATUTORY INFORMATION

Jurgen Kaiser Wines LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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

-

2% on cost

Improvements to property

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2021 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

property

property

fittings

£

£

£

COST

At 1 February 2021

45,000

1,342

7,263

Disposals

-

-

-

At 31 January 2022

45,000

1,342

7,263

DEPRECIATION

At 1 February 2021

7,200

1,209

6,043

Charge for year

900

33

244

Eliminated on disposal

-

-

-

At 31 January 2022

8,100

1,242

6,287

NET BOOK VALUE

At 31 January 2022

36,900

100

976

At 31 January 2021

37,800

133

1,220

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2021

41,331

1,543

96,479

Disposals

(35,300

)

-

(35,300

)

At 31 January 2022

6,031

1,543

61,179

DEPRECIATION

At 1 February 2021

32,350

950

47,752

Charge for year

151

514

1,842

Eliminated on disposal

(26,923

)

-

(26,923

)

At 31 January 2022

5,578

1,464

22,671

NET BOOK VALUE

At 31 January 2022

453

79

38,508

At 31 January 2021

8,981

593

48,727

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

30,522

19,837

Other debtors

-

3,874

Prepayments

5,260

4,958

35,782

28,669

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

2,077

20,045

VAT

8,495

7,605

Other creditors

42,449

2,144

Accrued expenses

6,310

7,554

59,331

37,348

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2022

2021

£

£

Amounts owed to members in respect of profits

1,132,429

1,101,256

Falling due within one year

1,132,429

1,101,256

Loans and other debts to members would rank pari passu to other creditors.