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REGISTERED NUMBER: OC416305 (England and Wales)













ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ISAAK MELLOR LLP

ISAAK MELLOR LLP (REGISTERED NUMBER: OC416305)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ISAAK MELLOR LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: Gourmet Sandwiches Ltd
I.Q.I.P. Limited





REGISTERED OFFICE: 4 The Crescent
Adel
Leeds
LS16 6AA





REGISTERED NUMBER: OC416305 (England and Wales)





ACCOUNTANTS: D & J Randles
Chartered Accountants
4 The Crescent
Adel
Leeds
West Yorkshire
LS16 6AA

ISAAK MELLOR LLP (REGISTERED NUMBER: OC416305)

ABRIDGED BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 770,077 763,908

CURRENT ASSETS
Debtors 2,403 1,979
Cash at bank 5,620 11,047
8,023 13,026
CREDITORS
Amounts falling due within one year 283,290 273,010
NET CURRENT LIABILITIES (275,267 ) (259,984 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

494,810

503,924

CREDITORS
Amounts falling due after more than one
year

5

431,244

431,128
NET ASSETS ATTRIBUTABLE TO
MEMBERS

63,566

72,796

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

63,566

72,796

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 63,566 72,796

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 2024.

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.

ISAAK MELLOR LLP (REGISTERED NUMBER: OC416305)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


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 2024 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 16 August 2024 and were signed by:




I.Q.I.P. Limited - Designated member




Gourmet Sandwiches Ltd - Designated member


ISAAK MELLOR LLP (REGISTERED NUMBER: OC416305)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Isaak Mellor 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.

Turnover
Turnover represents rents receivable. The company is not registered for value added tax,

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 763,908
Additions 6,169
At 31 March 2024 770,077
NET BOOK VALUE
At 31 March 2024 770,077
At 31 March 2023 763,908

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 30,000
Cost 740,077
770,077

ISAAK MELLOR LLP (REGISTERED NUMBER: OC416305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 740,077 733,908

Investment property was valued on an open market basis on 31 March 2018 by the partners .

The partners considered that the valuation of the investment properties as at 31 March 2023 was not materially different to book value.

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.3.24 31.3.23
£    £   
Repayable otherwise than by instalments
Other loans more 5yrs non-inst 431,244 431,128

6. SECURED DEBTS

Other loans due for repayment over 5 years are secured on the partnership's investment properties.

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.
There is no provision for specific legally enforceable protection afforded to creditors in such an event.
There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.

8. RELATED PARTY DISCLOSURES

Other creditors amounting to £10,220 relate to an amount owed to J McLaren, a director of Gourmet Sandwiches Ltd, a designated member.