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REGISTERED NUMBER: OC398777 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 5 April 2024

for

Mount & Minster LLP

Mount & Minster LLP (Registered number: OC398777)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mount & Minster LLP

General Information
for the Year Ended 5 April 2024







DESIGNATED MEMBERS: R A Wyrley - Birch
J A C Ward





REGISTERED OFFICE: Atton Place
32 Eastgate
Lincoln
Lincolnshire
LN2 1QA





REGISTERED NUMBER: OC398777 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Mount & Minster LLP (Registered number: OC398777)

Balance Sheet
5 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 209,250 215,062
Tangible assets 5 13,051 12,557
222,301 227,619

CURRENT ASSETS
Debtors 6 114,054 78,962
Cash at bank 45,449 72,444
159,503 151,406
CREDITORS
Amounts falling due within one year 7 131,202 119,956
NET CURRENT ASSETS 28,301 31,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

250,602

259,069

CREDITORS
Amounts falling due after more than one
year

8

18,801

60,913
NET ASSETS ATTRIBUTABLE TO
MEMBERS

231,801

198,156

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

231,801

198,156

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 231,801 198,156
Amounts due from members 6 (8,337 ) (3,984 )
223,464 194,172

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 5 April 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.

Mount & Minster LLP (Registered number: OC398777)

Balance Sheet - continued
5 April 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 15 January 2025 and were signed by:




R A Wyrley - Birch - Designated member




J A C Ward - Designated member


Mount & Minster LLP (Registered number: OC398777)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Mount & Minster 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 represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

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.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Government grants are treated on an accruals basis. Grants in relation to Covid grant funding are recognised as part of grant income in the profit and loss.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 6 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 6 April 2023
and 5 April 2024 232,500
AMORTISATION
At 6 April 2023 17,438
Charge for year 5,812
At 5 April 2024 23,250
NET BOOK VALUE
At 5 April 2024 209,250
At 5 April 2023 215,062

Mount & Minster LLP (Registered number: OC398777)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 6 April 2023 11,953 15,482 27,435
Additions - 3,072 3,072
At 5 April 2024 11,953 18,554 30,507
DEPRECIATION
At 6 April 2023 5,983 8,895 14,878
Charge for year 895 1,683 2,578
At 5 April 2024 6,878 10,578 17,456
NET BOOK VALUE
At 5 April 2024 5,075 7,976 13,051
At 5 April 2023 5,970 6,587 12,557

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 100,689 70,428
Other debtors 13,365 8,534
114,054 78,962

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 39,662 35,962
Taxation and social security 80,018 41,531
Other creditors 11,522 42,463
131,202 119,956

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 18,801 60,913

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bounce Back Loan 22,908 32,768

The Bounce Back Loan scheme is secured by a guarantee from the Government, in which the Government guarantees the repayment of the loan if the client was to default on this loan.

Mount & Minster LLP (Registered number: OC398777)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

10. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 231,801 198,156

Falling due within one year 231,801 198,156

Loans to members rank equally to other creditors.

11. ULTIMATE CONTROLLING PARTY

No one member controls the LLP.