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REGISTERED NUMBER: OC431555 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2023

FOR

M-YBLS LLP

M-YBLS LLP (REGISTERED NUMBER: OC431555)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M-YBLS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2023







DESIGNATED MEMBERS: Mrs S L M Schroder
Ms L K E Schroder





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: OC431555 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

M-YBLS LLP (REGISTERED NUMBER: OC431555)

BALANCE SHEET
30TH APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,092,411 1,137,928

CURRENT ASSETS
Debtors 5 20,202 54,941
Cash at bank 150,151 127,018
170,353 181,959
CREDITORS
Amounts falling due within one year 6 133,651 124,831
NET CURRENT ASSETS 36,702 57,128
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,129,113

1,195,056

CREDITORS
Amounts falling due after more than one
year

7

1,031,400

1,031,400
NET ASSETS ATTRIBUTABLE TO
MEMBERS

97,713

163,656

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

97,713

163,656

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 97,713 163,656

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 30th April 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.

M-YBLS LLP (REGISTERED NUMBER: OC431555)

BALANCE SHEET - continued
30TH APRIL 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 21st November 2023 and were signed by:





Ms L K E Schroder - Designated member

M-YBLS LLP (REGISTERED NUMBER: OC431555)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023


1. STATUTORY INFORMATION

M-YBLS 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 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 - Between 2% and 15% reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Members' participating interest
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as 'Loans and other debts due to members' to the extent they exceed debts due from a specific member.

Capital
Save as otherwise agreed between the members in writing, any capital contribution shall be made equally by each member.

Any member making any capital contribution, including the initial capital contribution, shall increase her capital account by an amount equal to the amount or value of that capital contribution.

3. EMPLOYEE INFORMATION

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

M-YBLS LLP (REGISTERED NUMBER: OC431555)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2022
and 30th April 2023 1,234,731
DEPRECIATION
At 1st May 2022 96,803
Charge for year 45,517
At 30th April 2023 142,320
NET BOOK VALUE
At 30th April 2023 1,092,411
At 30th April 2022 1,137,928

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,702 21,615
Other debtors 5,500 33,326
20,202 54,941

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 128,970 121,602
Taxation and social security 1,690 -
Other creditors 2,991 3,229
133,651 124,831

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 1,031,400 1,031,400

M-YBLS LLP (REGISTERED NUMBER: OC431555)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023


8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 97,713 163,656

Falling due within one year 97,713 163,656

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.