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REGISTERED NUMBER: OC349924 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MMX RETAIL PROPERTY ADVISERS LLP

MMX RETAIL PROPERTY ADVISERS LLP (REGISTERED NUMBER: OC349924)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MMX RETAIL PROPERTY ADVISERS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: D Justice
D Jinks
N Symons
Ms L Hardy





REGISTERED OFFICE: 2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
HA1 3EX





REGISTERED NUMBER: OC349924 (England and Wales)





ACCOUNTANTS: Barber & Company
A trading name of PCM Accounting Limited
2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

MMX RETAIL PROPERTY ADVISERS LLP (REGISTERED NUMBER: OC349924)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 127,875 115,406

CURRENT ASSETS
Debtors 5 846,528 1,034,655
Cash at bank and in hand 586,385 397,760
1,432,913 1,432,415
CREDITORS
Amounts falling due within one year 6 282,171 301,829
NET CURRENT ASSETS 1,150,742 1,130,586
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,278,617

1,245,992

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

998,617

965,992

MEMBERS' OTHER INTERESTS
Capital accounts 280,000 280,000
1,278,617 1,245,992

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 998,617 965,992
Members' other interests 280,000 280,000
1,278,617 1,245,992

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 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.

MMX RETAIL PROPERTY ADVISERS LLP (REGISTERED NUMBER: OC349924)

STATEMENT OF FINANCIAL POSITION - 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 11 October 2024 and were signed by:




D Jinks - Designated member




D Justice - Designated member


MMX RETAIL PROPERTY ADVISERS LLP (REGISTERED NUMBER: OC349924)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

MMX Retail Property Advisers 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 represents net invoiced fees receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on cost
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

3. EMPLOYEE INFORMATION

The average number of employees during the year was 8 (2023 - 9 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 19,612 62,309 257,198 107,062 446,181
Additions - 4,269 55,300 7,046 66,615
Disposals - - (46,870 ) - (46,870 )
At 31 March 2024 19,612 66,578 265,628 114,108 465,926
DEPRECIATION
At 1 April 2023 9,864 60,125 168,494 92,292 330,775
Charge for year 4,903 2,130 34,697 7,199 48,929
Eliminated on disposal - - (41,653 ) - (41,653 )
At 31 March 2024 14,767 62,255 161,538 99,491 338,051
NET BOOK VALUE
At 31 March 2024 4,845 4,323 104,090 14,617 127,875
At 31 March 2023 9,748 2,184 88,704 14,770 115,406

MMX RETAIL PROPERTY ADVISERS LLP (REGISTERED NUMBER: OC349924)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 650,985 959,792
Other debtors - 999
Prepayments and accrued income 195,543 73,864
846,528 1,034,655

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 17,502 62,196
Social security and other taxes 136,645 113,159
Other creditors 920 1,042
Accruals and deferred income 127,104 125,432
282,171 301,829

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members represent allocated profits not yet paid to members and rank equally with unsecured creditors in the event of a winding up.