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REGISTERED NUMBER: OC413949 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Mudd Partners LLP

Mudd Partners LLP (Registered number: OC413949)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mudd Partners LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: J A Stanley
C M Jones
P Alexandrou
C D Walby
M Wright
D Petrassi FCCA FCA





REGISTERED OFFICE: Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ





REGISTERED NUMBER: OC413949 (England and Wales)






Mudd Partners LLP (Registered number: OC413949)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,095 17,379

CURRENT ASSETS
Stocks 15,318 5,530
Debtors 5 736,673 679,763
Cash at bank and in hand 204,327 200,035
956,318 885,328
CREDITORS
Amounts falling due within one year 6 342,031 328,517
NET CURRENT ASSETS 614,287 556,811
TOTAL ASSETS LESS CURRENT
LIABILITIES

627,382

574,190

CREDITORS
Amounts falling due after more than one
year

7

114,536

171,645
NET ASSETS ATTRIBUTABLE TO
MEMBERS

512,846

402,545

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

512,846

402,545

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 512,846 402,545

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.

Mudd Partners LLP (Registered number: OC413949)

Balance Sheet - 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 30 September 2024 and were signed by:





J A Stanley - Designated member

Mudd Partners LLP (Registered number: OC413949)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mudd Partners 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.
Plant and machinery etc - 20% on cost

Work in progress
Work in progress is stated at fair value, representing its anticipated recoverable amount.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 31 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 69,225
Additions 3,389
At 31 March 2024 72,614
DEPRECIATION
At 1 April 2023 51,846
Charge for year 7,673
At 31 March 2024 59,519
NET BOOK VALUE
At 31 March 2024 13,095
At 31 March 2023 17,379

Mudd Partners LLP (Registered number: OC413949)

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 672,704 622,283
Other debtors 63,969 57,480
736,673 679,763

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 53,900 53,900
Trade creditors 42,372 47,324
Other creditors 245,759 227,293
342,031 328,517

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 114,536 171,645

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 92,000 92,000
Between one and five years 230,000 322,000
322,000 414,000

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 168,436 225,545

The LLP has an overdraft facility with Barclays Bank which is secured by a debenture creating a fixed and floating charge over all assets of the LLP.

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

11. ULTIMATE CONTROLLING PARTY

The LLP is controlled by its members, none of whom has a individual controlling interest.