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REGISTERED NUMBER: OC420556 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th March 2024

for

M & S Capital LLP

M & S Capital LLP (Registered number: OC420556)






Contents of the Financial Statements
for the Year Ended 30th March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M & S Capital LLP

General Information
for the Year Ended 30th March 2024







DESIGNATED MEMBERS: S Kumar
M S Purewal





REGISTERED OFFICE: 4 Station Parade
Ruislip
HA4 7DL





REGISTERED NUMBER: OC420556 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

M & S Capital LLP (Registered number: OC420556)

Balance Sheet
30th March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 27,822 34,777
Investment property 5 19,860,410 13,070,617
19,888,232 13,105,394

CURRENT ASSETS
Debtors 6 10,127 124,849
Cash at bank 132,775 64,480
142,902 189,329
CREDITORS
Amounts falling due within one year 7 (685,863 ) (685,864 )
NET CURRENT LIABILITIES (542,961 ) (496,535 )
TOTAL ASSETS LESS CURRENT LIABILITIES 19,345,271 12,608,859

CREDITORS
Amounts falling due after more than one
year

8

(12,408,633

)

(8,643,093

)
NET ASSETS ATTRIBUTABLE TO MEMBERS 6,936,638 3,965,766

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

6,936,638

3,965,766

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 6,936,638 3,965,766

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 30th 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.

M & S Capital LLP (Registered number: OC420556)

Balance Sheet - continued
30th March 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 26th March 2025 and were signed by:





S Kumar - Designated member

M & S Capital LLP (Registered number: OC420556)

Notes to the Financial Statements
for the Year Ended 30th March 2024

1. STATUTORY INFORMATION

M & S Capital 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.

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

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 31st March 2023
and 30th March 2024 57,297
DEPRECIATION
At 31st March 2023 22,520
Charge for year 6,955
At 30th March 2024 29,475
NET BOOK VALUE
At 30th March 2024 27,822
At 30th March 2023 34,777

M & S Capital LLP (Registered number: OC420556)

Notes to the Financial Statements - continued
for the Year Ended 30th March 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31st March 2023 13,070,617
Additions 260,000
Revaluations 6,529,793
At 30th March 2024 19,860,410
NET BOOK VALUE
At 30th March 2024 19,860,410
At 30th March 2023 13,070,617

Fair value at 30th March 2024 is represented by:
£   

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 13,070,617
Additions 260,000
Revaluations 6,529,793
19,860,410

CLIENT SCREEN TOTAL = -


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 117,962
Amounts owed by group undertakings 3,240 -
Other debtors 6,887 6,887
10,127 124,849

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,706 5,706
Other creditors 680,157 680,158
685,863 685,864

M & S Capital LLP (Registered number: OC420556)

Notes to the Financial Statements - continued
for the Year Ended 30th March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 28,732 34,121
Other creditors 12,379,901 8,608,972
12,408,633 8,643,093

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans to Members rank above other creditors on a winding up.