KJ2 Futures LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC346490 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

KJ2 Futures LLP

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

17,134

23,741

Investments

5

521,328

672,574

Investment property

6

355,595

347,713

894,057

1,044,028

CURRENT ASSETS

Debtors

37,018

41,855

Cash at bank

57,701

180,460

94,719

222,315

CREDITORS

Amounts falling due within one year

6,702

4,500

NET CURRENT ASSETS

88,017

217,815

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

982,074

1,261,843

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

982,074

1,261,843

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

982,074

1,261,843

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 2018.

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 of Part 15 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 small LLPs.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 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 on 28 December 2018 and were signed by:

Mr. K A Jones - Designated member

1.	STATUTORY INFORMATION

KJ2 Futures LLP is registered in England and Wales. The LLP's registered number and registered office address

are as below:

Registered number:

OC346490

Registered office:

Kings Lodge

London Road

West Kingsdown

Sevenoaks

Kent

TN15 6AR

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

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.

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

and 31 March 2018

61,028

DEPRECIATION

At 1 April 2017

37,287

Charge for year

6,607

At 31 March 2018

43,894

NET BOOK VALUE

At 31 March 2018

17,134

At 31 March 2017

23,741

5.	FIXED ASSET INVESTMENTS

The amount included as a fixed asset investments represents the company's capital account outstanding as at the

balance sheet date in Kondor Management LLP and LKM Finance LLP.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

347,713

Additions

7,882

At 31 March 2018

355,595

NET BOOK VALUE

At 31 March 2018

355,595

At 31 March 2017

347,713

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The balances shown above would rank below unsecured creditors from the proceeds of a winding-up of the LLP.

8.	ULTIMATE CONTROLLING PARTY

During the year, the company was under the control of the designated member, Mr K A Jones, by virtue of his

control of the designated members.