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 2021

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

42,229

61,901

Investment property

5

9,914,991

9,889,682

9,957,220

9,951,583

CURRENT ASSETS

Debtors

6

229,705

67,707

Cash at bank and in hand

242,893

131

472,598

67,838

CREDITORS

Amounts falling due within one year

2,419,441

2,894,775

NET CURRENT LIABILITIES

(1,946,843

)

(2,826,937

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,010,377

7,124,646

CREDITORS

Amounts falling due after more than one year

-

135,000

NET ASSETS ATTRIBUTABLE TO MEMBERS

8,010,377

6,989,646

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

2,458,114

1,437,383

MEMBERS' OTHER INTERESTS

Capital accounts

2,000,000

2,000,000

Revaluation reserve

9

3,552,263

3,552,263

8,010,377

6,989,646

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

2,458,114

1,437,383

Members' other interests

5,552,263

5,552,263

8,010,377

6,989,646

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 Balance Sheet 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 15 December 2021 and were signed by:

R D P Lowe - 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 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2020

137,761

Additions

2,822

Disposals

(6,595

)

At 31 March 2021

133,988

DEPRECIATION

At 1 April 2020

75,860

Charge for year

22,494

Eliminated on disposal

(6,595

)

At 31 March 2021

91,759

NET BOOK VALUE

At 31 March 2021

42,229

At 31 March 2020

61,901

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2020

9,889,682

Additions

25,309

At 31 March 2021

9,914,991

NET BOOK VALUE

At 31 March 2021

9,914,991

At 31 March 2020

9,889,682

Fair value at 31 March 2021 is represented by:

£

Valuation in 2018

9,630,000

Cost

284,991

9,914,991

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

2021

2020

£

£

Cost

6,362,728

6,337,419

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

2021

2020

£

£

Other debtors

12,458

12,458

7.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank overdraft

-

60,952

Bank loans

2,169,368

2,411,463

2,169,368

2,472,415

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

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2021

2020

£

£

Loans from members

850,000

-

Amounts owed to members in respect of profits

1,608,114

1,437,383

2,458,114

1,437,383

Falling due within one year

2,458,114

1,437,383

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 2020

and 31 March 2021

3,552,263

10.	RELATED PARTY DISCLOSURES