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REGISTERED NUMBER: OC392175 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Mirabeau Capital LLP
Trading as
Prime Vehicle Sales

Mirabeau Capital LLP (Registered number: OC392175)
Trading as Prime Vehicle Sales






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mirabeau Capital LLP
Trading as Prime Vehicle Sales

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: Mr S F Edwards
Mrs J A Edwards
Mrs T J Edwards
Mr J A Edwards





REGISTERED OFFICE: Unit 20
Brookside Industrial Estate
Sawtry
Cambridgeshire
PE28 5SB





REGISTERED NUMBER: OC392175 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
St George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH

Mirabeau Capital LLP (Registered number: OC392175)
Trading as Prime Vehicle Sales

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 192,698 159,113

CURRENT ASSETS
Stocks 301,951 235,438
Debtors 5 852 6,371
Cash at bank and in hand 61,852 39,504
364,655 281,313
CREDITORS
Amounts falling due within one year 6 265,879 136,244
NET CURRENT ASSETS 98,776 145,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,474

304,182

CREDITORS
Amounts falling due after more than one
year

7

11,667

22,984
NET ASSETS ATTRIBUTABLE TO
MEMBERS

279,807

281,198

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

279,807

281,198

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 279,807 281,198

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.

Mirabeau Capital LLP (Registered number: OC392175)
Trading as Prime Vehicle Sales

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.

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 30 July 2024 and were signed by:





Mr J A Edwards - Designated member

Mirabeau Capital LLP (Registered number: OC392175)
Trading as Prime Vehicle Sales

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mirabeau Capital 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEE INFORMATION

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

Mirabeau Capital LLP (Registered number: OC392175)
Trading as Prime Vehicle Sales

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 163,184 40,926 204,110
Additions - 55,831 55,831
Disposals - (12,290 ) (12,290 )
At 31 March 2024 163,184 84,467 247,651
DEPRECIATION
At 1 April 2023 26,112 18,885 44,997
Charge for year 3,264 15,398 18,662
Eliminated on disposal - (8,706 ) (8,706 )
At 31 March 2024 29,376 25,577 54,953
NET BOOK VALUE
At 31 March 2024 133,808 58,890 192,698
At 31 March 2023 137,072 22,041 159,113

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 10,190
DEPRECIATION
At 1 April 2023 4,246
Charge for year 2,548
At 31 March 2024 6,794
NET BOOK VALUE
At 31 March 2024 3,396
At 31 March 2023 5,944

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 852 1,797
Other debtors - 4,574
852 6,371

Mirabeau Capital LLP (Registered number: OC392175)
Trading as Prime Vehicle Sales

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 1,573 2,894
Trade creditors 6,252 5,964
Taxation and social security 22,997 11,196
Other creditors 225,057 106,190
265,879 136,244

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,667 21,667
Hire purchase contracts - 1,317
11,667 22,984

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.