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REGISTERED NUMBER: OC416662 (England and Wales)















Unaudited Financial Statements

for the Period 1st April 2023 to 30th March 2024

for

M & M Residential Partnership LLP

M & M Residential Partnership LLP (Registered number: OC416662)






Contents of the Financial Statements
for the Period 1st April 2023 to 30th March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M & M Residential Partnership LLP

General Information
for the Period 1st April 2023 to 30th March 2024







DESIGNATED MEMBERS: C Morland
B Myers





REGISTERED OFFICE: C/O OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Billingham
Co. Durham
TS23 4EA





REGISTERED NUMBER: OC416662 (England and Wales)





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

M & M Residential Partnership LLP (Registered number: OC416662)

Balance Sheet
30th March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 12,361,000 12,361,000

CURRENT ASSETS
Debtors 5 311,225 35,836
Cash at bank 19,369 11,404
330,594 47,240
CREDITORS
Amounts falling due within one year 6 (2,600 ) (3,735 )
NET CURRENT ASSETS 327,994 43,505
TOTAL ASSETS LESS CURRENT LIABILITIES 12,688,994 12,404,505

CREDITORS
Amounts falling due after more than one
year

7

(10,765,823

)

(10,297,482

)
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,923,171 2,107,023

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

1,923,171

2,107,023

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 1,923,171 2,107,023

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 period 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 & M Residential Partnership LLP (Registered number: OC416662)

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 24th June 2025 and were signed by:




B Myers - Designated member




C Morland - Designated member


M & M Residential Partnership LLP (Registered number: OC416662)

Notes to the Financial Statements
for the Period 1st April 2023 to 30th March 2024

1. STATUTORY INFORMATION

M & M Residential Partnership 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.

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 period was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 30th March 2024 12,361,000
NET BOOK VALUE
At 30th March 2024 12,361,000
At 31st March 2023 12,361,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 311,225 35,836

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 2,600 3,735

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,765,823 10,297,482

M & M Residential Partnership LLP (Registered number: OC416662)

Notes to the Financial Statements - continued
for the Period 1st April 2023 to 30th March 2024

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank above other creditors in the event of liquidation.