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
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
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
M & VB Estates LLP
Statement of financial position
as at 5 April 2024
Investment property
601,230
540,000
Cash at bank and in hand
21,810
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
Loans and other debts due to members
187,096
105,388
Members' capital classified as equity
112,378
112,378
Revaluation reserve
89,486
-
Other reserves
(99,054)
81,708
M & VB Estates LLP
Statement of financial position
as at 5 April 2024 (continued)
Loans and other debts due to members
187,096
105,388
Members' other interests
102,810
194,086
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
M & VB Estates LLP
Notes to the Accounts
for the year ended 5 April 2024
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.
The accounts are presented in £ sterling.
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 6 April 2023
482
176
658
On disposals
(482)
(176)
(658)
At 5 April 2023
2,440
1,032
3,472
Fair value at 6 April 2023
540,000
5
Creditors: amounts falling due within one year
2024
2023
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
300,716
249,970
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).