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REGISTERED NUMBER: OC324958 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

M. SCOTT PROPERTIES LLP

M. SCOTT PROPERTIES LLP (REGISTERED NUMBER: OC324958)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M. SCOTT PROPERTIES LLP

General Information
for the year ended 31 December 2023







Designated members: Mr M R Scott
Mr R J Scott
Mr S D Scott





Registered office: Suite 5
Oyster House
Severalls Lane
Colchester
Essex
CO4 9PD





Registered number: OC324958 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

M. SCOTT PROPERTIES LLP (REGISTERED NUMBER: OC324958)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Investment property 4 303,879 303,879

Current assets
Debtors 5 1,311,362 1,319,425
Cash at bank 15,650 7,809
1,327,012 1,327,234
Creditors
Amounts falling due within one year 6 2,500 2,735
Net current assets 1,324,512 1,324,499
Total assets less current liabilities 1,628,391 1,628,378

Creditors
Amounts falling due after more than one
year

7

126,391

126,378
Net assets attributable to members 1,502,000 1,502,000

Loans and other debts due to members - -

Members' other interests
Capital accounts 1,502,000 1,502,000
1,502,000 1,502,000

Total members' interests
Members' other interests 1,502,000 1,502,000
Amounts due from members 5 (1,271,747 ) (1,279,575 )
230,253 222,425

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 December 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. SCOTT PROPERTIES LLP (REGISTERED NUMBER: OC324958)

Balance Sheet - continued
31 December 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 7 August 2024 and were signed by:





Mr M R Scott - Designated member

M. SCOTT PROPERTIES LLP (REGISTERED NUMBER: OC324958)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

M. Scott Properties 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 comprises revenue recognised by the LLP in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Turnover has represented the value of land/property sales and other invoiced work (excluding Value Added Tax), including rental income receivable. A land/property sale is recognised on legal completion, or where contracts have been exchanged at the year-end and where legal notice has been served or where the contract specifies a completion date within the same timeframe. Rental income is recognised in the period to which it relates.

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 January 2023
and 31 December 2023 303,879
Net book value
At 31 December 2023 303,879
At 31 December 2022 303,879

5. Debtors
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 1,271,747 1,279,810

Amounts falling due after more than one year:
Other debtors 39,615 39,615

Aggregate amounts 1,311,362 1,319,425

M. SCOTT PROPERTIES LLP (REGISTERED NUMBER: OC324958)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors - 235
Other creditors 2,500 2,500
2,500 2,735

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other creditors 126,391 126,378