Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302023-04-06truefalseProvides Storage facilities00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC411200 2023-04-06 2024-09-30 OC411200 2022-04-06 2023-04-05 OC411200 2024-09-30 OC411200 2023-04-05 OC411200 c:Buildings 2023-04-06 2024-09-30 OC411200 c:FreeholdInvestmentProperty 2023-04-06 2024-09-30 OC411200 c:FreeholdInvestmentProperty 2024-09-30 OC411200 c:FreeholdInvestmentProperty 2023-04-05 OC411200 c:CurrentFinancialInstruments 2024-09-30 OC411200 c:CurrentFinancialInstruments 2023-04-05 OC411200 c:CurrentFinancialInstruments c:WithinOneYear 2024-09-30 OC411200 c:CurrentFinancialInstruments c:WithinOneYear 2023-04-05 OC411200 d:FRS102 2023-04-06 2024-09-30 OC411200 d:AuditExempt-NoAccountantsReport 2023-04-06 2024-09-30 OC411200 d:FullAccounts 2023-04-06 2024-09-30 OC411200 d:LimitedLiabilityPartnershipLLP 2023-04-06 2024-09-30 OC411200 2 2023-04-06 2024-09-30 OC411200 5 2023-04-06 2024-09-30 OC411200 d:PartnerLLP1 2023-04-06 2024-09-30 OC411200 d:PartnerLLP2 2023-04-06 2024-09-30 OC411200 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-09-30 OC411200 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-04-05 OC411200 c:FurtherSpecificReserve1ComponentTotalEquity 2024-09-30 OC411200 c:FurtherSpecificReserve1ComponentTotalEquity 2023-04-05 OC411200 c:FurtherSpecificReserve2ComponentTotalEquity 2024-09-30 OC411200 c:FurtherSpecificReserve2ComponentTotalEquity 2023-04-05 OC411200 e:PoundSterling 2023-04-06 2024-09-30 iso4217:GBP xbrli:pure

Registered number: OC411200









MERCER MAJOR PARTNERS LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

 
MERCER MAJOR PARTNERS LLP
REGISTERED NUMBER: OC411200

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

30 September
5 April
2024
2023
Note
£
£

FIXED ASSETS
  

Investment property
 4 
-
3,549,998

  
-
3,549,998

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
3,627,639
86,020

Cash at bank and in hand
 6 
25,534
59,104

  
3,653,173
145,124

Creditors: Amounts Falling Due Within One Year
 7 
-
(2,887)

NET CURRENT ASSETS
  
 
 
3,653,173
 
 
142,237

TOTAL ASSETS LESS CURRENT LIABILITIES
  
3,653,173
3,692,235

  

NET ASSETS
  
3,653,173
3,692,235


REPRESENTED BY:
  

LOANS AND OTHER DEBTS DUE TO MEMBERS WITHIN ONE YEAR
  

MEMBERS' OTHER INTERESTS
  

Members' capital classified as equity
  
579,194
618,256

Revaluation reserve classified as equity
  
-
3,073,979

Other reserves classified as equity
  
3,073,979
-

  
 
3,653,173
 
3,692,235

  
3,653,173
3,692,235


TOTAL MEMBERS' INTERESTS
  

Members' other interests
  
3,653,173
3,692,235

  
3,653,173
3,692,235


Page 1

 
MERCER MAJOR PARTNERS LLP
REGISTERED NUMBER: OC411200
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




Mr Alec Mercer
Mr Rupert Major
Designated member
Designated member


Date: 8 January 2025
Date:8 January 2025

The notes on pages 3 to 6 form part of these financial statements.

Mercer Major Partners LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

Page 2

 
MERCER MAJOR PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

1.


GENERAL INFORMATION

Mercer Major Partners LLP (OC411200), is a Limited Liability Partnership, incorporated in England and Wales, with its registered office and principle place of business at Castle Hayes Park, Tutbury, Burton-on-Trent, DE13 9HL.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
MERCER MAJOR PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.4
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

REVALUATION OF TANGIBLE FIXED ASSETS

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.6

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
MERCER MAJOR PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.9

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


EMPLOYEES




The entity has no employees.


4.


INVESTMENT PROPERTY





Freehold investment property

£





At 6 April 2023
3,549,998


Additions at cost
10,382


Disposals
(3,560,380)



AT 30 SEPTEMBER 2024
-

The 2024 valuations were made by Chivers Commercial Chartered Surveyors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

30 September
5 April
2024
2023
£
£


Historic cost
-
476,021

-
476,021


5.


DEBTORS

30 September
5 April
2024
2023
£
£

Page 5

 
MERCER MAJOR PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

5.DEBTORS (CONTINUED)


Other debtors
3,627,639
1,843

Prepayments and accrued income
-
84,177

3,627,639
86,020



6.


CASH AND CASH EQUIVALENTS

30 September
5 April
2024
2023
£
£

Cash at bank and in hand
25,534
59,104

25,534
59,104



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30 September
5 April
2024
2023
£
£

Accruals and deferred income
-
2,887

-
2,887


Page 6