IRIS Accounts Production v23.2.0.158 11610495 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh116104952022-10-31116104952023-10-31116104952022-11-012023-10-31116104952021-10-31116104952021-11-012022-10-31116104952022-10-3111610495ns10:Originalns15:EnglandWales2022-11-012023-10-3111610495ns14:PoundSterlingns10:Original2022-11-012023-10-3111610495ns10:Originalns10:Director12022-11-012023-10-3111610495ns10:Original2022-11-012023-10-3111610495ns10:Original2023-10-3111610495ns10:Originalns10:PrivateLimitedCompanyLtd2022-11-012023-10-3111610495ns10:Originalns10:SmallEntities2022-11-012023-10-3111610495ns10:Originalns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3111610495ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3111610495ns10:SmallCompaniesRegimeForAccountsns10:Original2022-11-012023-10-3111610495ns10:Originalns10:AbridgedAccounts2022-11-012023-10-3111610495ns10:Originalns10:Director22022-11-012023-10-3111610495ns10:Originalns10:RegisteredOffice2022-11-012023-10-3111610495ns10:Original2022-10-3111610495ns10:Originalns5:CurrentFinancialInstruments2023-10-3111610495ns10:Originalns5:CurrentFinancialInstruments2022-10-3111610495ns10:Originalns5:Non-currentFinancialInstruments2023-10-3111610495ns10:Originalns5:Non-currentFinancialInstruments2022-10-3111610495ns5:ShareCapitalns10:Original2023-10-3111610495ns5:ShareCapitalns10:Original2022-10-3111610495ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-10-3111610495ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-10-3111610495ns10:Original2021-11-012022-10-3111610495ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-10-3111610495ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-10-31
REGISTERED NUMBER: 11610495 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

M & R Property Partnership Limited

M & R Property Partnership Limited (Registered number: 11610495)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


M & R Property Partnership Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: M C Rhys
B Magnus





REGISTERED OFFICE: Building 6000 Langstone Technology Park
Langstone Road
Havant
Hampshire
PO9 1SA





REGISTERED NUMBER: 11610495 (England and Wales)





ACCOUNTANTS: AM-PM Accounting Solutions Limited
Building 6000
Langstone Technology Park
Langstone Road
Havant
Hampshire
PO9 1SA

M & R Property Partnership Limited (Registered number: 11610495)

Abridged Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
CURRENT ASSETS
Debtors 3,531 3,531
Cash at bank 57,512 102,719
61,043 106,250
CREDITORS
Amounts falling due within one year 3,943 15,359
NET CURRENT ASSETS 57,100 90,891
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,100

90,891

CREDITORS
Amounts falling due after more than one
year

4

51,650

67,650
NET ASSETS 5,450 23,241

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,350 23,141
SHAREHOLDERS' FUNDS 5,450 23,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

M & R Property Partnership Limited (Registered number: 11610495)

Abridged Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2023 and were signed on its behalf by:





B Magnus - Director


M & R Property Partnership Limited (Registered number: 11610495)

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

1. STATUTORY INFORMATION

M & R Property Partnership Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Valuations are carried out on the basis of comparable evidence of properties available for sale, advertised properties under offer at the time and Land Registry actual sales evidence. All of this information is readily available online.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.10.23 31.10.22
£    £   
Repayable otherwise than by instalments
Other loans more 5yrs 51,650 67,650

M & R Property Partnership Limited (Registered number: 11610495)

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

5. RELATED PARTY DISCLOSURES

Included within other creditors is a loan balance totalling £3,002 (2022 £14,122), owed to Mr D Magnus, a director. This loan is provided interest free and repayable on demand.

At the 31 October 2023 the company owed the director, Mr MC Rhys, £51,650 (2022 £67,650). This loan is provided interest free and repayable on demand. Due to the nature of the business, the director does not intend to request repayment in the foreseeable future.The liability is therefore included in other creditors (long term liabilities).

Repair & Replace Windows Limited is a company under common control. There were no business transactions with this company during the year.

6. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.