6 April 2023 false No description of principal activity Taxfiler 2024.6 OC438050business:LimitedLiabilityPartnershipLLP2023-04-062024-04-05 OC4380502023-04-05 OC4380502023-04-062024-04-05 OC438050business:AuditExemptWithAccountantsReport2023-04-062024-04-05 OC438050business:FullAccounts2023-04-062024-04-05 OC4380502024-04-05 OC438050business:PartnerLLP12023-04-062024-04-05 OC438050business:PartnerLLP22023-04-062024-04-05 OC438050business:RegisteredOffice2023-04-062024-04-05 OC4380502023-04-05 OC438050core:WithinOneYear2024-04-05 OC438050core:WithinOneYear2023-04-05 OC438050core:AfterOneYear2024-04-05 OC438050core:AfterOneYear2023-04-05 OC438050core:ShareCapital2024-04-05 OC438050core:ShareCapital2023-04-05 OC438050core:RevaluationReserve2024-04-05 OC438050core:RevaluationReserve2023-04-05 OC438050core:RetainedEarningsAccumulatedLosses2024-04-05 OC438050core:RetainedEarningsAccumulatedLosses2023-04-05 OC438050business:SmallEntities2023-04-062024-04-05 OC438050countries:EnglandWales2023-04-062024-04-05 OC438050core:FurnitureFittings2023-04-05 OC438050core:ComputerEquipment2023-04-05 OC438050core:FurnitureFittings2023-04-062024-04-05 OC438050core:ComputerEquipment2023-04-062024-04-05 OC438050core:FurnitureFittings2024-04-05 OC438050core:ComputerEquipment2024-04-05 OC4380502022-04-062023-04-05 iso4217:GBP xbrli:pure
Registered No. OC438050 (England and Wales)
M & VB Estates LLP Unaudited accounts for the year ended 5 April 2024
M & VB Estates LLP LLP Information for the year ended 5 April 2024
Designated members
Mr Mark Brady
Mrs Victoria Brady
Registered Number
OC438050 (England and Wales)
Registered Office
Office 17 2 Roseberry Court Stokesley Middlesborough TS9 5QT United Kingdom
Accountants
Bell Howley Perrotton LLP 53 Davies Street Mayfair London W1K 5JH
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M & VB Estates LLP Accountants' report
Accountants' report to the members of M & VB Estates LLP on the preparation of the unaudited statutory financial statements for the year ended 5 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M & VB Estates LLP for the year ended 5 April 2024 as set out on pages 4 - 7 from the LLP's accounting records and from information and explanations you have given us.
This report is made solely to the members of M & VB Estates LLP, as a body, in accordance with the terms of our engagement letter dated 21 November 2024. Our work has been undertaken solely to prepare for your approval the financial statements of M & VB Estates LLP and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M & VB Estates LLP and its members as a body for our work or for this report.
It is your duty to ensure that M & VB Estates LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M & VB Estates LLP. You consider that M & VB Estates LLP is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of M & VB Estates LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Bell Howley Perrotton LLP 53 Davies Street Mayfair London W1K 5JH 2 January 2025
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M & VB Estates LLP Statement of financial position as at 5 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
3,472 
Investment property
601,230 
540,000 
601,230 
543,472 
Current assets
Debtors
1,004 
- 
Cash at bank and in hand
21,810 
6,921 
22,814 
6,921 
Creditors: amounts falling due within one year
- 
(949)
Net current assets
22,814 
5,972 
Total assets less current liabilities
624,044 
549,444 
Creditors: amounts falling due after more than one year
(334,138)
(249,970)
Net assets attributable to members
289,906 
299,474 
Represented by:
Loans and other debts due to members
187,096 
105,388 
Members' other interests
Members' capital classified as equity
112,378 
112,378 
Revaluation reserve
89,486 
- 
Other reserves
(99,054)
81,708 
102,810 
194,086 
289,906 
299,474 
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M & VB Estates LLP Statement of financial position as at 5 April 2024 (continued)
Total members' interests
Loans and other debts due to members
187,096 
105,388 
Members' other interests
102,810 
194,086 
289,906 
299,474 
For the year ending 5 April 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 2 January 2025.
Mr Mark Brady Designated member Limited Liability Partnership Registration No. OC438050
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M & VB Estates LLP Notes to the Accounts for the year ended 5 April 2024
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Presentation currency
The accounts are presented in £ sterling.
2
Statutory information
M & VB Estates LLP is a limited liability partnership, incorporated in England and Wales, registration number OC438050. Its registered office is Office 17, 2 Roseberry Court, Stokesley, Middlesborough, TS9 5QT, United Kingdom.
3
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 6 April 2023
2,922 
1,208 
4,130 
Disposals
(2,922)
(1,208)
(4,130)
At 5 April 2024
- 
- 
- 
Depreciation
At 6 April 2023
482 
176 
658 
On disposals
(482)
(176)
(658)
At 5 April 2024
- 
- 
- 
Net book value
At 5 April 2024
- 
- 
- 
At 5 April 2023
2,440 
1,032 
3,472 
4
Investment property
2024 
£ 
Fair value at 6 April 2023
540,000 
Additions
61,230 
At 5 April 2024
601,230 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Accruals
- 
949 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
300,716 
249,970 
Other creditors
33,422 
- 
334,138 
249,970 
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M & VB Estates LLP Notes to the Accounts for the year ended 5 April 2024
7
Loans and other debts due to members
2024 
2023 
£ 
£ 
Amounts due to members in respect of profits
187,096 
105,388 
Amounts falling due within one year
187,096 
105,388 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
8
Transactions with related parties
At the balance sheet date, the partnership was owed £1,004 by MVB Estates Limited, a commonly controlled entity.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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