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Registered number: OC434351
M&P Property Consultants LLP
Unaudited Financial Statements
For the Period 24 November 2020 to 31 March 2022
Stiletto Accounting Services Ltd

3 Downs Cote Gardens
Bristol
Somerset
BS9 3TT
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: OC434351
31 March 2022
Notes £ £
CURRENT ASSETS
Debtors 3 9,525
Cash at bank and in hand 127,105
136,630
Creditors: Amounts Falling Due Within One Year 4 (13,225 )
NET CURRENT ASSETS (LIABILITIES) 123,405
TOTAL ASSETS LESS CURRENT LIABILITIES 123,405
NET ASSETS ATTRIBUTABLE TO MEMBERS 123,405
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 267,905
267,905
Equity
Members' other interests
Members' capital (144,500)
(144,500)
123,405
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 267,905
Members' other interests (144,500)
123,405
Page 1
Page 2
For the period ending 31 March 2022 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLP's subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mr Russell Power
Partner
11/08/2022
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in January 2017 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2. Average Number of Employees
Average number of employees, including members, during the year was as follows: 2
2
3. Debtors
31 March 2022
£
Due within one year
Trade debtors 9,525
9,525
4. Creditors: Amounts Falling Due Within One Year
31 March 2022
£
Trade creditors 1,026
VAT 9,709
Accruals and deferred income 2,490
13,225
5. General Information
M&P Property Consultants LLP is a limited liability partnership, incorporated in England & Wales, registered number OC434351 . The Registered Office is 30 Whiteladies Road, Bristol, BS8 2LG.
Page 3