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Registered Number: OC436194
England and Wales

 

 

 

MIDPOINT SERVICED ACCOMMODATION LLP


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Chartered Accountant's report to the Members on the preparation of the unaudited statutory accounts of Midpoint Serviced Accommodation LLP for the year ended 31 March 2024


To assist you to fulfil your duties under the Companies Act 2006 as applied to limited liability partnerships 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 Midpoint Serviced Accommodation LLP which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the LLPs 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 at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Midpoint Serviced Accommodation LLP, as a body, in accordance with the terms of our engagement letter dated 19 March 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Midpoint Serviced Accommodation LLP and state those matters that we have agreed to state to the members of Midpoint Serviced Accommodation LLP, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Midpoint Serviced Accommodation LLP and its members as a body, for our work or for this report.

It is your duty to ensure that Midpoint Serviced Accommodation 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 Midpoint Serviced Accommodation LLP. You consider that Midpoint Serviced Accommodation LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Midpoint Serviced Accommodation 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.







....................................................
aa Chartered Accountants
5 Blenheim Court
Peppercorn Close
Peterborough
PE1 2DU
19 March 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 86,582    86,583 
86,582    86,583 
Current assets      
Debtors 4 10,734    4,629 
Cash at bank and in hand 487    1,019 
11,221    5,648 
Creditors: amount falling due within one year 5 (2,494)   (2,000)
Net current assets 8,727    3,648 
 
Total assets less current liabilities 95,309    90,231 
Net assets 95,309    90,231 
 

Represented by:
Loans and other debts due to members 6 84,678    85,741 
Members' other interest
Other reserves 10,631    4,490 
10,631    4,490 

95,309    90,231 
 

Total members' interests
Loans and other debts due to members 84,678    85,741 
Members' other interests 10,631    4,490 
95,309    90,231 
 


For the year ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions applicable to LLPs subject to the small LLPs regime.The LLP has opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006
These accounts were approved by the members and signed on their behalf by:


.............................................................................
Juliet Palmer-Davis
Designated Member
Date approved by the members: 19 March 2025
2
General Information
Midpoint Serviced Accommodation LLP is a limited liability partnership, registered in England and Wales, registration number OC436194, registration address 111 Nethercote Gardens, Shirley, Solihull, London, England, B90 1BH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees including partners

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 April 2023 86,582    86,582 
Additions  
Disposals  
At 31 March 2024 86,582    86,582 
Depreciation
At 01 April 2023  
Charge for year  
On disposals  
At 31 March 2024  
Net book values
Closing balance as at 31 March 2024 86,582    86,582 
Opening balance as at 01 April 2023 86,583    86,583 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 9,555    4,250 
Amount Owed by Participating Interests 1,179    379 
10,734    4,629 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 494   
Accrued Expenses 2,000    2,000 
2,494    2,000 

6.

Members' Interests

Other reserves   Loans and other debts due to members less any amounts due from members included in debtors   Total
Balance at 01 April 2023   90,231    90,231 
Profit for the period available for discretionary division among members 10,631      10,631 
Members' interests after profit for the period 10,631    90,231    100,862 
Introduced by members   (5,553)   (5,553)
Repaid to members    
Balance at 31 March 2024 10,631    84,678    95,309 
 



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