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Unaudited Financial Statements

for the Year Ended 5 April 2024

for

Mayfair Property & Estates LLP

Mayfair Property & Estates LLP (Registered number: OC343214)

Contents of the Financial Statements
for the Year Ended 5 April 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mayfair Property & Estates LLP

General Information
for the Year Ended 5 April 2024







DESIGNATED MEMBERS: J Feuer
Mrs B Feuer





REGISTERED OFFICE: 8-10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: OC343214 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Mayfair Property & Estates LLP (Registered number: OC343214)

Balance Sheet
5 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,877,474 3,877,474

CURRENT ASSETS
Debtors 5 664 476
Cash at bank 14,722 9,503
15,386 9,979
CREDITORS
Amounts falling due within one year 6 1,000 1,001
NET CURRENT ASSETS 14,386 8,978
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,891,860

3,886,452

LOANS AND OTHER DEBTS DUE TO
MEMBERS

3,891,860

3,886,452

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 3,891,860 3,886,452

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 5 April 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.

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 3 October 2024 and were signed by:





J Feuer - Designated member

Mayfair Property & Estates LLP (Registered number: OC343214)

Notes to the Financial Statements
for the Year Ended 5 April 2024


1. STATUTORY INFORMATION

Mayfair Property & Estates 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.

Investment properties
Investment property has been initially measured at cost. As improvement works are ongoing, this will continue until the property is available for use.

Income
Income comprises of rents received and these are accounted for on accruals basis. Any other amounts received in respect of the property business are accounted at the earlier of the date the amounts are received or become receivable.

3. EMPLOYEE INFORMATION

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

4. INVESTMENT PROPERTY
Total
£   
COST
At 6 April 2023
and 5 April 2024 3,877,474
NET BOOK VALUE
At 5 April 2024 3,877,474
At 5 April 2023 3,877,474

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 664 476

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1
Other creditors 1,000 1,000
1,000 1,001

7. ULTIMATE CONTROLLING PARTY

The LLP is controlled by Mr & Mrs J Feuer.