1 April 2024 false No description of principal activity Taxfiler 2024.6 OC332600business:LimitedLiabilityPartnershipLLP2024-04-012025-03-31 OC3326002024-03-31 OC3326002024-04-012025-03-31 OC332600business:AuditExemptWithAccountantsReport2024-04-012025-03-31 OC332600business:FilletedAccounts2024-04-012025-03-31 OC3326002025-03-31 OC332600business:PartnerLLP12024-04-012025-03-31 OC332600business:PartnerLLP22024-04-012025-03-31 OC332600business:RegisteredOffice2024-04-012025-03-31 OC3326002024-03-31 OC332600core:WithinOneYear2025-03-31 OC332600core:WithinOneYear2024-03-31 OC332600business:SmallEntities2024-04-012025-03-31 OC332600core:ComputerEquipment2024-04-012025-03-31 OC332600countries:EnglandWales2024-04-012025-03-31 OC332600core:ComputerEquipment2024-03-31 OC332600core:ComputerEquipment2025-03-31 OC3326002023-04-012024-03-31 iso4217:GBP xbrli:pure
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
Mr Martin 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
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MGR Southfields LLP Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Current assets
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 
Represented by:
Loans and other debts due to members
183,994 
183,994 
183,994 
183,994 
Total members' interests
Loans and other debts due to members
183,994 
183,994 
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
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MGR Southfields LLP Notes to the Accounts for the year ended 31 March 2025
1
Accounting policies
Basis of preparation
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.
Presentation currency
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
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.
2
Statutory information
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 
£ 
Cost or valuation
At cost 
At 1 April 2024
2,218 
At 31 March 2025
2,218 
Depreciation
At 1 April 2024
2,218 
At 31 March 2025
2,218 
Net book value
At 31 March 2025
- 
4
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Trade creditors
552,080 
552,080 
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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).
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