IRIS Accounts Production v23.3.1.45 OC375509 designated member designated member 1.4.22 31.3.23 31.3.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3755092022-03-31OC3755092023-03-31OC3755092022-04-012023-03-31OC3755092021-03-31OC3755092021-04-012022-03-31OC3755092022-03-31OC375509ns10:Originalns15:EnglandWales2022-04-012023-03-31OC375509ns14:PoundSterlingns10:Original2022-04-012023-03-31OC375509ns10:Originalns10:Director12022-04-012023-03-31OC375509ns10:Original2022-04-012023-03-31OC375509ns10:Originalns10:Director22022-04-012023-03-31OC375509ns10:Original2023-03-31OC375509ns10:Originalns10:LimitedLiabilityPartnershipLLP2022-04-012023-03-31OC375509ns10:Originalns10:SmallEntities2022-04-012023-03-31OC375509ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-31OC375509ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-31OC375509ns10:LimitedLiabilityPartnershipsSORPns10:Original2022-04-012023-03-31OC375509ns10:Originalns10:AbridgedAccounts2022-04-012023-03-31OC375509ns10:Original2021-04-012022-03-31OC375509ns10:Originalns10:RegisteredOffice2022-04-012023-03-31OC375509ns10:Original2022-03-31OC375509ns10:Originalns5:CurrentFinancialInstruments2023-03-31OC375509ns10:Originalns5:CurrentFinancialInstruments2022-03-31OC375509ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-31OC375509ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-03-31OC375509ns10:Original2022-03-31OC375509ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-03-31OC375509ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-04-012023-03-31
REGISTERED NUMBER: OC375509 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2023

for

M&B Lettings LLP

M&B Lettings LLP (Registered number: OC375509)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


M&B Lettings LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: Y Walcott-Yates
D Yates





REGISTERED OFFICE: St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN





REGISTERED NUMBER: OC375509 (England and Wales)





ACCOUNTANTS: Clay GBP Ltd
St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN

M&B Lettings LLP (Registered number: OC375509)

Abridged Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,441,000 1,385,000

CURRENT ASSETS
Debtors 3,663 3,663
Cash at bank 83,323 56,241
86,986 59,904
CREDITORS
Amounts falling due within one year 5,676 2,598
NET CURRENT ASSETS 81,310 57,306
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,522,310 1,442,306

LOANS AND OTHER DEBTS DUE TO MEMBERS - -

MEMBERS' OTHER INTERESTS
Capital accounts 1,131,310 1,107,306
Fair value reserve 5 391,000 335,000
1,522,310 1,442,306

TOTAL MEMBERS' INTERESTS
Members' other interests 1,522,310 1,442,306

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.

M&B Lettings LLP (Registered number: OC375509)

Abridged Balance Sheet - 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 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 and authorised for issue on 7 November 2023 and were signed by:




D Yates - Designated member




Y Walcott-Yates - Designated member


M&B Lettings LLP (Registered number: OC375509)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

M&B Lettings 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 as modified by the revaluation of certain assets.

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.

3. EMPLOYEE INFORMATION

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,385,000
Revaluations 56,000
At 31 March 2023 1,441,000
NET BOOK VALUE
At 31 March 2023 1,441,000
At 31 March 2022 1,385,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2015 90,000
Valuation in 2016 67,000
Valuation in 2017 9,000
Valuation in 2018 (39,000 )
Valuation in 2019 18,000
Valuation in 2020 (57,000 )
Valuation in 2021 150,000
Valuation in 2022 97,000
Valuation in 2023 56,000
Cost 1,050,000
1,441,000

M&B Lettings LLP (Registered number: OC375509)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,050,000 1,050,000

The investment properties were valued on an open market basis on 31 March 2023 by the members .

5. RESERVES
Fair
value
reserve
£   
At 1 April 2022 335,000
Revaluation in year 56,000
At 31 March 2023 391,000