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REGISTERED NUMBER: OC380551 (England and Wales)


























Unaudited Financial Statements

for the Year Ended 5 April 2024

for

MATRIX PARTNERSHIP MANAGEMENT LLP

MATRIX PARTNERSHIP MANAGEMENT LLP (REGISTERED NUMBER: OC380551)






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


MATRIX PARTNERSHIP MANAGEMENT LLP

General Information
FOR THE YEAR ENDED 5 APRIL 2024







DESIGNATED MEMBERS: J N Hardy
S D Ritchie





REGISTERED OFFICE: 6 Oaklands Court
TIVERTON
Devon
EX16 6TG





REGISTERED NUMBER: OC380551 (England and Wales)





ACCOUNTANT: Withers Steele Chartered Accountants
6 Oaklands Court
TIVERTON
Devon
EX16 6TG

MATRIX PARTNERSHIP MANAGEMENT LLP (REGISTERED NUMBER: OC380551)

Balance Sheet
5 APRIL 2024

5.4.24 5.4.23
Notes £    £   
CURRENT ASSETS
Debtors 5 24,346 24,349
Cash at bank 44,218 84,694
68,564 109,043
CREDITORS
Amounts falling due within one year 6 (7,033 ) (83,980 )
NET CURRENT ASSETS 61,531 25,063
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

61,531

25,063

LOANS AND OTHER DEBTS DUE TO
MEMBERS

45,781

9,313

MEMBERS' OTHER INTERESTS
Capital accounts 15,750 15,750
61,531 25,063

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 45,781 9,313
Members' other interests 15,750 15,750
61,531 25,063

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.

MATRIX PARTNERSHIP MANAGEMENT LLP (REGISTERED NUMBER: OC380551)

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 31 July 2024 and were signed by:





J N Hardy - Designated member

MATRIX PARTNERSHIP MANAGEMENT LLP (REGISTERED NUMBER: OC380551)

Notes to the Financial Statements
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

Matrix Partnership 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.

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

Turnover is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Turnover is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

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.

Members' remuneration and division of profits
The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

3. EMPLOYEE INFORMATION

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

MATRIX PARTNERSHIP MANAGEMENT LLP (REGISTERED NUMBER: OC380551)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 5 APRIL 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 6 April 2023
and 5 April 2024 4,100
DEPRECIATION
At 6 April 2023
and 5 April 2024 4,100
NET BOOK VALUE
At 5 April 2024 -
At 5 April 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors - 4
Other debtors 24,346 24,345
24,346 24,349

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade creditors 197 196
Taxation and social security 3,668 4,139
Other creditors 3,168 79,645
7,033 83,980