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REGISTERED NUMBER: OC349924 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

MMX RETAIL PROPERTY ADVISERS LLP

MMX RETAIL PROPERTY ADVISERS LLP (REGISTERED NUMBER: OC349924)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MMX RETAIL PROPERTY ADVISERS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: D Justice
D Jinks
N Symons
S C Mitchell
Ms L Hardy





REGISTERED OFFICE: 2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
HA1 3EX





REGISTERED NUMBER: OC349924 (England and Wales)





ACCOUNTANTS: Barber & Company
A trading name of PCM Accounting Limited
2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

MMX RETAIL PROPERTY ADVISERS LLP (REGISTERED NUMBER: OC349924)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 115,406 144,277

CURRENT ASSETS
Debtors 5 1,034,655 766,232
Cash at bank and in hand 397,760 936,268
1,432,415 1,702,500
CREDITORS
Amounts falling due within one year 6 301,829 309,902
NET CURRENT ASSETS 1,130,586 1,392,598
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,245,992

1,536,875

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

965,992

1,186,875

MEMBERS' OTHER INTERESTS
Capital accounts 280,000 350,000
1,245,992 1,536,875

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 965,992 1,186,875
Members' other interests 280,000 350,000
1,245,992 1,536,875

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 2023.

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.

MMX RETAIL PROPERTY ADVISERS LLP (REGISTERED NUMBER: OC349924)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


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 4 August 2023 and were signed by:




D Jinks - Designated member




S C Mitchell - Designated member


MMX RETAIL PROPERTY ADVISERS LLP (REGISTERED NUMBER: OC349924)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

MMX Retail Property Advisers 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 net invoiced fees receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on cost
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

3. EMPLOYEE INFORMATION

The average number of employees during the year was 9 (2022 - 10 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 6,615 62,309 257,198 99,897 426,019
Additions 12,997 - - 7,165 20,162
At 31 March 2023 19,612 62,309 257,198 107,062 446,181
DEPRECIATION
At 1 April 2022 6,615 59,050 131,060 85,017 281,742
Charge for year 3,249 1,075 37,434 7,275 49,033
At 31 March 2023 9,864 60,125 168,494 92,292 330,775
NET BOOK VALUE
At 31 March 2023 9,748 2,184 88,704 14,770 115,406
At 31 March 2022 - 3,259 126,138 14,880 144,277

MMX RETAIL PROPERTY ADVISERS LLP (REGISTERED NUMBER: OC349924)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 959,792 675,104
Other debtors 999 2,922
Prepayments and accrued income 73,864 88,206
1,034,655 766,232

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 62,196 44,393
Social security and other taxes 113,159 132,615
Other creditors 1,042 5,055
Accruals and deferred income 125,432 127,839
301,829 309,902

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members represent allocated profits not yet paid to members and rank equally with unsecured creditors in the event of a winding up.