Registered No. OC332600 (England and Wales)
MGR Southfields LLP
Unaudited accounts
for the year ended 31 March 2025
MGR Southfields LLP
LLP Information
for the year ended 31 March 2025
Designated members
Mrs Bernadette Raftery
Registered Number
OC332600 (England and Wales)
Registered Office
89A Bankhall Lane
Hale
WA15 0NW
Accountants
Taylor Consultancy, Chartered Certified Accountants
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
MGR Southfields LLP
Statement of financial position
as at 31 March 2025
Inventories
736,074
736,074
Creditors: amounts falling due within one year
(552,080)
(552,080)
Net current assets
183,994
183,994
Net assets attributable to members
183,994
183,994
Loans and other debts due to members
183,994
183,994
Loans and other debts due to members
183,994
183,994
For the year ending 31 March 2025 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 accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 16 July 2025.
Mr Martin Raftery
Designated member
Limited Liability Partnership Registration No. OC332600
MGR Southfields LLP
Notes to the Accounts
for the year ended 31 March 2025
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) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% per annum on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
MGR Southfields LLP is a limited liability partnership, incorporated in England and Wales, registration number OC332600. Its registered office is 89A Bankhall Lane, Hale, WA15 0NW.
3
Tangible fixed assets
Computer equipment
4
Creditors: amounts falling due within one year
2025
2024
Trade creditors
552,080
552,080
MGR Southfields LLP
Notes to the Accounts
for the year ended 31 March 2025
5
Loans and other debts due to members
2025
2024
Loans from members
183,994
183,994
Amounts falling due within one year
183,994
183,994
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the year the average number of employees was 2 (2024: 2).