REGISTERED NUMBER: |
Financial Statements for the Year Ended 29 February 2024 |
for |
M Squared Properties LLP |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
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 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 were approved by the members of the LLP and authorised for issue on |
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 |
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 |
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 |
NET BOOK VALUE |
At 29 February 2024 |
At 28 February 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Other creditors |
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. |
65a High Street |
Stevenage |
Hertfordshire |
SG1 3AQ |
Date: ............................................. |