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REGISTERED NUMBER: OC415976 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

M Squared Properties LLP

M Squared Properties LLP (Registered number: OC415976)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

M Squared Properties LLP

General Information
for the Year Ended 29 February 2024







DESIGNATED MEMBERS: M Mansukhani
N G Mansukhani





REGISTERED OFFICE: 11 Green Way
Totteridge
London
N20 8EG





REGISTERED NUMBER: OC415976 (England and Wales)





ACCOUNTANTS: Long & Co (Dentax) Ltd
65a High Street
Stevenage
Hertfordshire
SG1 3AQ

M Squared Properties LLP (Registered number: OC415976)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,954,080 1,954,080

CURRENT ASSETS
Debtors 5 4,125 3,900
Cash at bank 254,463 208,488
258,588 212,388
CREDITORS
Amounts falling due within one year 6 (4,099 ) (2,068 )
NET CURRENT ASSETS 254,489 210,320
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,208,569

2,164,400

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

254,489

210,320

MEMBERS' OTHER INTERESTS
Capital accounts 1,954,080 1,954,080
2,208,569 2,164,400

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 254,489 210,320
Members' other interests 1,954,080 1,954,080
2,208,569 2,164,400

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 29 February 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.

M Squared Properties LLP (Registered number: OC415976)

Balance Sheet - continued
29 February 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 10 October 2024 and were signed by:





M Mansukhani - Designated member

M Squared Properties LLP (Registered number: OC415976)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

M Squared Properties 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.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 March 2023
and 29 February 2024 1,954,080
NET BOOK VALUE
At 29 February 2024 1,954,080
At 28 February 2023 1,954,080

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,000 3,900
Other debtors 125 -
4,125 3,900

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 480 468
Other creditors 3,619 1,600
4,099 2,068

M Squared Properties LLP (Registered number: OC415976)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

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'.

M Squared Properties LLP

Report of the Accountants to the Members of
M Squared Properties LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on page nil and you consider that the LLP is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Long & Co (Dentax) Ltd
65a High Street
Stevenage
Hertfordshire
SG1 3AQ


Date: .............................................