McKenzie Csapo Properties LLP Filleted Accounts Cover
McKenzie Csapo Properties LLP
Registered No. OC434340
Information for Filing with the Registrar
31 March 2025
McKenzie Csapo Properties LLP Balance Sheet Registrar
at
31 March 2025
Registered No.
OC434340
Notes
2025
2024
£
£
Current assets
Cash at bank and in hand
18,862
14,694
18,862
14,694
Creditors: Amounts falling due within one year
5
(510)
(510)
Net current assets
18,352
14,184
Total assets less current liabilities
18,352
14,184
Net assets attributable to members
18,352
14,184
Represented by:
Loans and other debts due to members
9,869
6,945
Members' other interests
Other reserves
8,483
7,239
8,483
7,239
18,352
14,184
These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 as applied by the Limited Liability Partnerships (Accounts and Audit)(Application of Companies Act 2006) Regulations 2008) 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.
As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the members on 25 April 2025 and signed on its behalf by:
W. MCKENZIE
Designated member
25 April 2025
McKenzie Csapo Properties LLP Notes to the Accounts Registrar
for the year ended 31 March 2025
1
General information
McKenzie Csapo Properties LLP is a limited liability partnership and incorporated in England and Wales.
Its registered number is: OC434340
Its registered office is:
The Corner Lodge, Unit E
Meadow View Business Park
Winchester Road
Southampton
SO32 1HJ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting for Limited Liability Partnerships' issued in December 2018.
Going concern
The LLP ceased trading on 31 March 2025. The accounts have been prepared on a break up basis.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Members' remuneration and division of profits
Remuneration is paid to certain members under a contract of employment and is included as an expense in the profit and loss account.

In addition, the LLP agreement provides that fixed amounts, determined for each member each year, be paid to members, irrespective of the profits of the LLP. These amounts are included within members' remuneration charged as an expense.

Profits are treated as being available for discretionary division only if the the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Once agreement has been reached to divide the profits, a members' share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses remain included within 'other reserves'.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.
Members' Interests
Members' interests are classified as either equity or debt.

Equity interests comprise any capital introduced classified as equity, any unallocated profits, any revaluation reserve and any other reserves.

Loans and other debts due to members comprise any capital introduced but classified as a liability, any loans from members, amounts due to members in respect of allocated profits less drawings and any other amounts that the LLP is contractually obliged to repay to members.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
3
Information in relation to members
2025
2024
Number
Number
The average number of members during the year :
2
2
4
Employees
2025
2024
Number
Number
The average number of persons employed during the year was:
0
0
5
Creditors:
amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
--
Accruals and deferred income
510510
510510
6
Loans and other debts due to members
2025
2024
£
£
Loans from members
9,869
6,945
9,869
6,945
Amounts falling due within one year
9,869
-
9,869
6,945
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