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REGISTERED NUMBER: OC382279 (England and Wales)











Financial Statements

for the Year Ended 30 November 2023

for

MCLAREN RESOURCING LLP

MCLAREN RESOURCING LLP (REGISTERED NUMBER: OC382279)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCLAREN RESOURCING LLP

General Information
for the Year Ended 30 November 2023







DESIGNATED MEMBERS: Elmi Limited
Mr S South





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: OC382279 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

MCLAREN RESOURCING LLP (REGISTERED NUMBER: OC382279)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,348 10,574

CURRENT ASSETS
Debtors 5 2,934,748 2,308,398
Cash at bank 479,371 258,071
3,414,119 2,566,469
CREDITORS
Amounts falling due within one year 6 2,604,618 2,217,082
NET CURRENT ASSETS 809,501 349,387
TOTAL ASSETS LESS CURRENT
LIABILITIES

817,849

359,961

PROVISIONS FOR LIABILITIES 407,914 -
NET ASSETS ATTRIBUTABLE TO MEMBERS 409,935 359,961

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

409,935

359,961

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 409,935 359,961
Amounts due from members 5 (203,600 ) (81,800 )
206,335 278,161

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 30 November 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.

MCLAREN RESOURCING LLP (REGISTERED NUMBER: OC382279)

Balance Sheet - continued
30 November 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 30 August 2024 and were signed by:





Mr S South - Designated member

MCLAREN RESOURCING LLP (REGISTERED NUMBER: OC382279)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

McLaren Resourcing LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of provision of labour, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 34 (2022 - 34 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022
and 30 November 2023 2,667 25,208 3,885 31,760
DEPRECIATION
At 1 December 2022 1,942 16,856 2,388 21,186
Charge for year 181 1,671 374 2,226
At 30 November 2023 2,123 18,527 2,762 23,412
NET BOOK VALUE
At 30 November 2023 544 6,681 1,123 8,348
At 30 November 2022 725 8,352 1,497 10,574

MCLAREN RESOURCING LLP (REGISTERED NUMBER: OC382279)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 2,729,148 1,963,880
Amounts due from members 203,600 81,800
Other debtors 2,000 19,750
Prepayments and accrued income - 242,968
2,934,748 2,308,398

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 1,284,735 1,848,764
Social security and other taxes 23,305 20,246
Pension 1,140 1,332
VAT 147,388 122,894
Other creditors 816,814 213,848
Accruals and deferred income 331,236 9,998
2,604,618 2,217,082

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
30.11.23 30.11.22
£    £   
Amounts owed to members in respect of profits 409,935 359,961

Falling due within one year 409,935 359,961

Loans and other debts due to members rank in pari pasu in relation to other creditors.

8. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £1,281,697 (2022: £1,837,448) which is owed to Elmi Ltd, a company related party by virtue of the fact that they are under common control.