J C Bracelet LLP - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: OC350845 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2023 to 31 March 2024

for

J C Bracelet LLP

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

21

54,783

CURRENT ASSETS

Debtors

5

13,956

56,860

Cash at bank

2,286

494

16,242

57,354

CREDITORS

Amounts falling due within one year

6

2,698

1,018

NET CURRENT ASSETS

13,544

56,336

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

13,565

111,119

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

13,565

111,119

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

13,565

111,119

Amounts due from members

5

(12,992

)

-

573

111,119

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 period ended 31 March 2024.

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 1 May 2024 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 period was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2023

139,683

Disposals

(138,680

)

At 31 March 2024

1,003

DEPRECIATION

At 1 January 2023

84,900

Charge for period

12,554

Eliminated on disposal

(96,472

)

At 31 March 2024

982

NET BOOK VALUE

At 31 March 2024

21

At 31 December 2022

54,783

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2022

£

£

Trade debtors

2,780

-

Other debtors

11,176

56,860

13,956

56,860

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2022

£

£

Other creditors

2,698

1,018

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank after all other creditors.