Jecama LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC388325 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

JECAMA LLP

Page

General Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DESIGNATED MEMBERS:

Mr J L Reece

Mrs G D Reece

REGISTERED OFFICE:

Windrush

Ward Lane

Diggle

Oldham

Lancashire

OL3 5JT

REGISTERED NUMBER:

OC388325 (England and Wales)

ACCOUNTANTS:

Hanley & Co

Chartered Accountants

Suite 204 Ashton Old Baths

Stamford Street West

Ashton-under-Lyne

Lancashire

OL6 7FW

FIXED ASSETS

Property, plant and equipment

4

3,276

2,702

Investment property

5

625,693

363,741

628,969

366,443

CURRENT ASSETS

Debtors

4,738

7,369

Cash at bank

34,201

42,275

38,939

49,644

CREDITORS

Amounts falling due within one year

1,635

1,394

NET CURRENT ASSETS

37,304

48,250

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

666,273

414,693

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

666,273

414,693

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

666,273

414,693

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 2021.

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 Income Statement and an abridged Statement of Financial Position for the year ended 31 March 2021 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 and authorised for issue on 26 October 2021 and were signed by:

Mr J L Reece - Designated member

1.	STATUTORY INFORMATION

Jecama 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 represents the net invoiced value of rental income, net of VAT.

Tangible fixed assets

Depreciation on computer equipment is provided for at 25% per annum in order to write off the cost less estimated residual value of each asset over it's useful life.

Investment property

The investment property is held at fair market value and not depreciated. An impairment review will be undertaken regularly to identify any impairment or increase to the property's value, and any aggregate surplus or deficit arising will be transferred to a revaluation reserve.

Members' remuneration

Profits attributable to members are determined, allocated and divided between members after the year end and until that time are included as equity within members' other interest. Any drawings paid in respect of those profits are included as 'amounts due from members' within debtors.

The terms of the members' agreement require that capital be returned to a member on his or her retirement. Capital is accordingly accounted for as a liability of the LLP.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2020 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 April 2020

7,292

Additions

1,666

At 31 March 2021

8,958

DEPRECIATION

At 1 April 2020

4,590

Charge for year

1,092

At 31 March 2021

5,682

NET BOOK VALUE

At 31 March 2021

3,276

At 31 March 2020

2,702

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2020

363,741

Additions

261,952

At 31 March 2021

625,693

NET BOOK VALUE

At 31 March 2021

625,693

At 31 March 2020

363,741

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank for payment after other creditors.

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Jecama LLP for the year ended 31 March 2021 which comprise the Abridged Income Statement, Abridged Statement of Financial Position and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Jecama LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jecama LLP and state those matters that we have agreed to state to the members of Jecama LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jecama LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Jecama LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jecama LLP. You consider that Jecama LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jecama LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hanley & Co

Chartered Accountants

Suite 204 Ashton Old Baths

Stamford Street West

Ashton-under-Lyne

Lancashire

OL6 7FW

26 October 2021