Registered No. OC436051 (England and Wales)
M & K Warren LLP
Unaudited accounts
for the year ended 31 March 2024
M & K Warren LLP
Statement of financial position
as at 31 March 2024
Tangible assets
16,459
19,341
Cash at bank and in hand
289
1,228
Creditors: amounts falling due within one year
(280)
(319)
Net current assets
409
1,239
Net assets attributable to members
16,868
20,580
Loans and other debts due to members
(7,654)
7,884
Other reserves
24,522
12,696
Loans and other debts due to members
(7,654)
7,884
Members' other interests
24,522
12,696
For the year ending 31 March 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 19 December 2024.
Mrs Kate Warren
Designated member
Limited Liability Partnership Registration No. OC436051
M & K Warren LLP
Notes to the Accounts
for the year ended 31 March 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Plant & machinery
20% reducing balance
The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
M & K Warren LLP is a limited liability partnership, incorporated in England and Wales, registration number OC436051. Its registered office is Aishleigh, Shebbear, Beaworthy, Devon, EX21 5SN.
3
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2023
14,422
14,338
28,760
At 31 March 2024
14,422
14,563
28,985
At 1 April 2023
3,182
6,237
9,419
Charge for the year
1,442
1,665
3,107
At 31 March 2024
4,624
7,902
12,526
At 31 March 2024
9,798
6,661
16,459
At 31 March 2023
11,240
8,101
19,341
M & K Warren LLP
Notes to the Accounts
for the year ended 31 March 2024
4
Creditors: amounts falling due within one year
2024
2023
5
Loans and other debts due to members
2024
2023
Loans from members
35,208
35,125
Amounts due to members in respect of profits
(42,862)
(27,241)
Amounts falling due within one year
(7,654)
7,884
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).