Registered number
OC362299
MR Business Consulting LLP
Filleted Accounts
5 April 2024
MR Business Consulting LLP
Registered number: OC362299
Balance Sheet
as at 5 April 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 2,294 2,294
Cash at bank and in hand 253 253
2,547 2,547
Creditors: amounts falling due within one year 4 (17,615) (17,615)
Net current liabilities (15,068) (15,068)
Total assets less current liabilities (15,068) (15,068)
Net liabilities attributable to members (15,068) (15,068)
Represented by:
Loans and other debts due to members 5 (936,810) (936,810)
Members' other interests
Members' capital classified as equity 100 100
Other reserves 921,642 921,642
921,742 921,742
(15,068) (15,068)
Total members' interests
Loans and other debts due to members 5 (936,810) (936,810)
Members' other interests 921,742 921,742
(15,068) (15,068)
For the year ended 5 April 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 9 September 2024 and signed on their behalf by:
K Piggott for and on behalf of Lyndale Limited
Designated member
MR Business Consulting LLP
Notes to the Accounts
for the year ended 5 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Going concern
The partnership is dependant on the continued financial support of the partnership's members to enable it to continue operating and to meet its liabilities as they fall due. The members have confirmed that they will continue to provide financial support to the partnership for the forseeable future to enable the partnership to continue normal activities until it is in a financial position to support itself.

For this reason, the designated member continues to adopt the going concern basis in producing the financial statements. Should this financial support not be available, the going concern basis would be inappropriate and adjustments would have to be made to revise the value of assets to their net realisable amount and to provide for any further liabilities which may arise.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP - -
3 Debtors 2024 2023
£ £
Other debtors 2,294 2,294
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 7 7
Other creditors 17,608 17,608
17,615 17,615
5 Loans and other debts due to members 2024 2023
£ £
Loans from members 3,641,690 3,641,690
Amounts due to members in respect of profits (4,578,500) (4,578,500)
(936,810) (936,810)
Amounts falling due within one year (936,810) (936,810)
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
6 Other information
MR Business Consulting LLP is a limited liability partnership incorporated in England. Its registered office is:
Fourth Floor, Silverstream House
45 Fitzroy Street, Fitzrovia
London
United Kingdom
W1T 6EB
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