REGISTERED NUMBER: OC449028 (England and Wales)

Report of the Members and

Unaudited Financial Statements

for the Period

11 March 2025 to 31 March 2025

for

MM & GK Property LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

Dr M A Mikkelsen

G Kallimasias

REGISTERED OFFICE:

Cliffe Hill House

22-26 Nottingham Road

Stapleford

Nottingham

NG9 8AA

REGISTERED NUMBER:

OC449028 (England and Wales)

ACCOUNTANTS:

TC Group

Cliffe Hill House

22-26 Nottingham Road

Stapleford

Nottingham

NG9 8AA

The members present their report with the financial statements of the LLP for the period 11 March 2025 to 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the period under review was that of a property rental business.

DESIGNATED MEMBERS

The designated members during the period under review were:

Dr M A Mikkelsen

G Kallimasias

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS

The profit for the period before members' remuneration and profit shares was £5,809 (2025 - £605,291 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Dr M A Mikkelsen - Designated member

1 September 2025

TURNOVER

-

-

Administrative expenses

4,005

53,312

(4,005

)

(53,312

)

Other operating income

9,816

658,626

OPERATING PROFIT

4

5,811

605,314

Interest payable and similar expenses

2

23

PROFIT FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

5,809

605,291

FIXED ASSETS

Tangible assets

5

299

305

Investment property

6

1,185,000

1,185,000

1,185,299

1,185,305

CURRENT ASSETS

Debtors

7

14,127

14,127

Cash at bank

46,245

47,150

60,372

61,277

CREDITORS

Amounts falling due within one year

8

2,400

8,215

NET CURRENT ASSETS

57,972

53,062

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,243,271

1,238,367

LOANS AND OTHER DEBTS DUE TO MEMBERS

1,243,271

1,238,367

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

1,243,271

1,238,367

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 31 March 2025.

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.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 1 September 2025 and were signed by:

Dr M A Mikkelsen - Designated member

1.	STATUTORY INFORMATION

MM & GK Property 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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2025 - 1 ).

4.	OPERATING PROFIT

The operating profit is stated after charging:

Period

Period

11.3.25

10.9.23

to

to

31.3.25

10.3.25

£

£

Depreciation - owned assets

6

93

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 11 March 2025

and 31 March 2025

398

DEPRECIATION

At 11 March 2025

93

Charge for period

6

At 31 March 2025

99

NET BOOK VALUE

At 31 March 2025

299

At 10 March 2025

305

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 11 March 2025

and 31 March 2025

1,185,000

NET BOOK VALUE

At 31 March 2025

1,185,000

At 10 March 2025

1,185,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

528,000

Cost

657,000

1,185,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

10.3.25

£

£

Other debtors

14,127

14,127

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

10.3.25

£

£

Other creditors

2,400

8,215