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REGISTERED NUMBER: OC438198 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

FOR

M&L ESTATES LLP

M&L ESTATES LLP (REGISTERED NUMBER: OC438198)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 5 April 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M&L ESTATES LLP

GENERAL INFORMATION
For The Year Ended 5 April 2024







DESIGNATED MEMBERS: M V Steele
L M Steele





REGISTERED OFFICE: 1 Rushmills
Bedford Road
Northampton
Northamptonshire
NN4 7YB





REGISTERED NUMBER: OC438198 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

M&L ESTATES LLP (REGISTERED NUMBER: OC438198)

BALANCE SHEET
5 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 832,500 832,500

CREDITORS
Amounts falling due within one year 5 405,000 405,000
NET CURRENT LIABILITIES (405,000 ) (405,000 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

427,500

427,500

CREDITORS
Amounts falling due after more than one
year

6

427,460

427,431
NET ASSETS ATTRIBUTABLE TO
MEMBERS

40

69

LOANS AND OTHER DEBTS DUE TO
MEMBERS

40

69

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 40 69

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.

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 30 January 2025 and were signed by:





M V Steele - Designated member

M&L ESTATES LLP (REGISTERED NUMBER: OC438198)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 5 April 2024


1. STATUTORY INFORMATION

M&L Estates 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023
and 5 April 2024 832,500
NET BOOK VALUE
At 5 April 2024 832,500
At 5 April 2023 832,500

Investments comprise land, carried in the financial statements at cost which the members feel is
representative of the market value.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 405,000 405,000

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 427,460 427,431

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 427,460 427,431

M&L ESTATES LLP (REGISTERED NUMBER: OC438198)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 5 April 2024


8. ULTIMATE CONTROLLING PARTY

In the opinion of the members, there is no controlling party.