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REGISTERED NUMBER: SO302478 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024

FOR

MFV KG LLP

MFV KG LLP (REGISTERED NUMBER: SO302478)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 January 2023 to 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MFV KG LLP

GENERAL INFORMATION
For The Period 1 January 2023 to 31 March 2024







DESIGNATED MEMBERS: R Grieve
Lochleven Shellfish (Scotland) Limited





REGISTERED OFFICE: c/o Lochleven Shellfish Ltd
Onich
by Fort William
Inverness-shire
PH33 6SA





REGISTERED NUMBER: SO302478 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

MFV KG LLP (REGISTERED NUMBER: SO302478)

BALANCE SHEET
31 March 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 92,383 106,620

CURRENT ASSETS
Debtors 5 3,233 811
Cash at bank - 1,542
3,233 2,353
CREDITORS
Amounts falling due within one year 6 8,444 3,766
NET CURRENT LIABILITIES (5,211 ) (1,413 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

87,172

105,207

LOANS AND OTHER DEBTS DUE TO
MEMBERS

87,172

105,207

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 87,172 105,207

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 period 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.

MFV KG LLP (REGISTERED NUMBER: SO302478)

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 5 September 2024 and were signed by:





Lochleven Shellfish (Scotland) Limited - Designated member

MFV KG LLP (REGISTERED NUMBER: SO302478)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 January 2023 to 31 March 2024

1. STATUTORY INFORMATION

MFV KG LLP is registered in Scotland. 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.

Hire purchase and leasing commitments
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 period was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 270,404
Additions 3,200
At 31 March 2024 273,604
DEPRECIATION
At 1 January 2023 163,784
Charge for period 17,437
At 31 March 2024 181,221
NET BOOK VALUE
At 31 March 2024 92,383
At 31 December 2022 106,620

MFV KG LLP (REGISTERED NUMBER: SO302478)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 January 2023 to 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 3,086 626
VAT 147 185
3,233 811

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts (see note 7) 4,205 -
Trade creditors 2,496 2,131
Accrued expenses 1,743 1,635
8,444 3,766

7. LOANS

An analysis of the maturity of loans is given below:

2024 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 4,205 -