Registered No. OC436051 (England and Wales)
M & K Warren LLP
Unaudited accounts
for the year ended 31 March 2023
M & K Warren LLP
Statement of financial position
as at 31 March 2023
Tangible assets
19,341
22,389
Cash at bank and in hand
1,228
463
Creditors: amounts falling due within one year
(319)
(255)
Net current assets
1,239
508
Net assets attributable to members
20,580
22,897
Loans and other debts due to members
7,884
18,227
Other reserves
12,696
4,670
Loans and other debts due to members
7,884
18,227
Members' other interests
12,696
4,670
For the year ending 31 March 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 20 November 2023.
Mrs Kate Warren
Designated member
Limited Liability Partnership Registration No. OC436051
M & K Warren LLP
Notes to the Accounts
for the year ended 31 March 2023
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Plant & machinery
20% reducing balance
The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
M & K Warren LLP is a limited liability partnership, incorporated in England and Wales, registration number OC436051. Its registered office is Aishleigh, Shebbear, Beaworthy, Devon, EX21 5SN.
3
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2022
14,422
13,918
28,340
At 31 March 2023
14,422
14,338
28,760
At 1 April 2022
1,740
4,211
5,951
Charge for the year
1,442
2,026
3,468
At 31 March 2023
3,182
6,237
9,419
At 31 March 2023
11,240
8,101
19,341
At 31 March 2022
12,682
9,707
22,389
M & K Warren LLP
Notes to the Accounts
for the year ended 31 March 2023
4
Creditors: amounts falling due within one year
2023
2022
5
Loans and other debts due to members
2023
2022
Loans from members
35,125
31,716
Amounts due to members in respect of profits
(27,241)
(13,489)
Amounts falling due within one year
7,884
18,227
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).