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REGISTERED NUMBER: OC450199 (England and Wales)















MSPARMAR ENTITY LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 6 DECEMBER 2023 TO 31 MARCH 2024






MSPARMAR ENTITY LLP (REGISTERED NUMBER: OC450199)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 6 DECEMBER 2023 TO 31 MARCH 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 4

MSPARMAR ENTITY LLP

GENERAL INFORMATION
FOR THE PERIOD 6 DECEMBER 2023 TO 31 MARCH 2024







DESIGNATED MEMBERS: J K Parmer
H K Parmer
G Parmer





REGISTERED OFFICE: C/o Cox Costello & Horne Batchworth Lock
99 Church Street
Rickmansworth
WD3 1JJ





REGISTERED NUMBER: OC450199 (England and Wales)





ACCOUNTANTS: Cox Costello & Horne
Chartered Accountants and Tax Advisors
Batchworth Lock House
99 Church Street, Rickmansworth
WD3 1JJ

MSPARMAR ENTITY LLP (REGISTERED NUMBER: OC450199)

BALANCE SHEET
31 MARCH 2024

Notes £
CURRENT ASSETS
Cash at bank 26,375

CREDITORS
Amounts falling due within one year 4 13,375
NET CURRENT ASSETS 13,000
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 13,000

LOANS AND OTHER DEBTS DUE TO MEMBERS -

MEMBERS' OTHER INTERESTS
Capital accounts 13,000
13,000

TOTAL MEMBERS' INTERESTS
Members' other interests 13,000

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 period ended 31 March 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.

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 Profit and Loss account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 29 January 2025 and were signed by:





J K Parmer - Designated member

MSPARMAR ENTITY LLP (REGISTERED NUMBER: OC450199)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 6 DECEMBER 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Msparmar Entity 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.

Going concern basis
After making enquiries, the members have a reasonable expectation that the partnership has adequate resources to continue in operational existence for the foreseeable future; taken to be 12 months from signing the financial statements. No material uncertainties that cast significant doubt about the ability of the partnership to continue as a going concern have been identified by the members. The partnership therefore continues to adopt the going concern basis in preparing its financial statements.

Financial instruments
a) Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

b) Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

c) Cash at bank
Cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. Cash and bank balances are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.

Partners' share of profits and drawings
Partners are remunerated solely out of the profits of the firm. The amount of profit to be distributed to partners is determined by the board after the year-end. Partners usually draw a proportion of their expected profit share in 12 monthly instalments during the year in which the profit is earned, with the balance of their share of allocated profits paid in 12 equal instalments starting in April of the subsequent financial year. All payments are made subject to the cash requirements of the business. As partners draw a proportion of their expected profit share during the year before the profits for the year have been determined, divided and allocated to them, by the year-end their personal current accounts with MSParmar Entity LLP are in deficit. The total of these accounts is shown in the balance sheet within 'Loans and other debts due to members'. Once the profit for the year has been divided and allocated, the partners' current accounts are in surplus by the amount of their share of the year's profits not already drawn.

Taxation
Taxation on all partnership profits is solely the personal liability of the individual members. Consequently neither taxation nor related deferred taxation arising in respect of the partnership is accounted for in these financial statements.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL.

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Other creditors 13,375

CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MSPARMAR ENTITY LLP


The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Msparmar Entity LLP for the period ended 31 March 2024 which comprise the Profit and Loss account, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Msparmar Entity LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Msparmar Entity LLP and state those matters that we have agreed to state to the members of Msparmar Entity LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Msparmar Entity LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Msparmar Entity 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 Msparmar Entity LLP. You consider that Msparmar Entity LLP is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Msparmar Entity 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.






Cox Costello & Horne
Chartered Accountants and Tax Advisors
Batchworth Lock House
99 Church Street, Rickmansworth
WD3 1JJ


29 January 2025