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REGISTERED NUMBER: OC426330 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

MLJ Management LLP

MLJ Management LLP (Registered number: OC426330)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MLJ Management LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: Mrs M Jiao
Prof L Jiao





REGISTERED OFFICE: 3 Oakbrook Lodge
Goldhawk Road
London
W6 0WU





REGISTERED NUMBER: OC426330 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

MLJ Management LLP (Registered number: OC426330)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,737 20,210
Investment property 5 1,149,000 1,149,000
1,155,737 1,169,210

CURRENT ASSETS
Debtors 6 150 150
Cash at bank 38,088 71,209
38,238 71,359
CREDITORS
Amounts falling due within one year 7 40,784 18,308
NET CURRENT (LIABILITIES)/ASSETS (2,546 ) 53,051
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,153,191

1,222,261

CREDITORS
Amounts falling due after more than one
year

8

15,833

54,212
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,137,358

1,168,049

MLJ Management LLP (Registered number: OC426330)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 1,137,358 1,168,049
1,137,358 1,168,049

TOTAL MEMBERS' INTERESTS
Members' other interests 1,137,358 1,168,049

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 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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 27 January 2025 and were signed by:





Prof L Jiao - Designated member

MLJ Management LLP (Registered number: OC426330)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

MLJ Management 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 as modified by the revaluation of certain assets.

The functional and presentational currency of the LLP is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Tangible fixed assets
Depreciation is provided at the following annual rates to write off the cost of each asset over its estimated useful life:

Motor vehicles - 25% straight line

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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 53,892
DEPRECIATION
At 1 April 2023 33,682
Charge for year 13,473
At 31 March 2024 47,155
NET BOOK VALUE
At 31 March 2024 6,737
At 31 March 2023 20,210

MLJ Management LLP (Registered number: OC426330)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,149,000
NET BOOK VALUE
At 31 March 2024 1,149,000
At 31 March 2023 1,149,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 157,100
Valuation in 2023 49,000
Cost 942,900
1,149,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 942,900 942,900

Investment property was valued on an open market basis on 31 March 2024 by the designated members .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 150 150

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 28,780 6,400
Other creditors 2,004 1,908
40,784 18,308

MLJ Management LLP (Registered number: OC426330)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 15,833 25,833
Hire purchase contracts - 28,379
15,833 54,212

9. CONTINGENT LIABILITIES

The investment properties secure loans of £473,566 held by its member L J Health (London) Limited at 31 March 2024 (£473,566 at 31 March 2023).