IRIS Accounts Production v25.1.4.42 OC434730 designated member 1.1.24 31.12.24 31.12.24 0 0 false true false false true false 0 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh OC434730 2023-12-31 OC434730 2024-12-31 OC434730 2024-01-01 2024-12-31 OC434730 2022-12-31 OC434730 2023-01-01 2023-12-31 OC434730 2023-12-31 OC434730 ns15:EnglandWales 2024-01-01 2024-12-31 OC434730 ns14:PoundSterling 2024-01-01 2024-12-31 OC434730 ns10:PartnerLLP1 2024-01-01 2024-12-31 OC434730 ns10:LimitedLiabilityPartnershipLLP 2024-01-01 2024-12-31 OC434730 ns10:SmallEntities 2024-01-01 2024-12-31 OC434730 ns10:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 OC434730 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 OC434730 ns10:LimitedLiabilityPartnershipsSORP 2024-01-01 2024-12-31 OC434730 ns10:FullAccounts 2024-01-01 2024-12-31 OC434730 ns10:PartnerLLP2 2024-01-01 2024-12-31 OC434730 ns10:PartnerLLP4 2024-01-01 2024-12-31 OC434730 ns10:PartnerLLP5 2024-01-01 2024-12-31 OC434730 ns10:RegisteredOffice 2024-01-01 2024-12-31 OC434730 ns10:PartnerLLP3 2024-01-01 2024-12-31 OC434730 ns5:CurrentFinancialInstruments 2024-12-31 OC434730 ns5:CurrentFinancialInstruments 2023-12-31 OC434730 ns5:PlantMachinery 2024-01-01 2024-12-31 OC434730 ns5:OwnedAssets 2024-01-01 2024-12-31 OC434730 ns5:OwnedAssets 2023-01-01 2023-12-31 OC434730 ns5:PlantMachinery 2023-12-31 OC434730 ns5:PlantMachinery 2024-12-31 OC434730 ns5:PlantMachinery 2023-12-31 OC434730 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 OC434730 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31

REGISTERED NUMBER: OC434730 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MODUS RE LLP

| MODUS RE LLP (REGISTERED NUMBER: OC434730) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

| General Information | 1 |

| Report of the Members | 2 |

| Income Statement | 3 |

| Balance Sheet | 4 |

| Notes to the Financial Statements | 6 |

| MODUS RE LLP |

GENERAL INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DESIGNATED MEMBERS: | Feenyx Ltd

| JAB Squared Limited

| K2W Ltd

| Domege Construction Services Limited

| REGISTERED OFFICE: | Boyce's Building

| 40-42 Regent Street

| Clifton

| Bristol

| BS8 4HU

| REGISTERED NUMBER: | OC434730 (England and Wales)

| ACCOUNTANTS: | Lawes & Co

| Boyce's Building

| 40-42 Regent Street

| Clifton

| Bristol

| BS8 4HU

| MODUS RE LLP (REGISTERED NUMBER: OC434730) |

REPORT OF THE MEMBERS

FOR THE YEAR ENDED 31 DECEMBER 2024

The members present their report with the financial statements of the LLP for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of engineering consultancy.

DESIGNATED MEMBERS

The designated members during the year under review were:

Feenyx Ltd

JAB Squared Limited

MSJ Project Ltd

K2W Ltd

Domege Construction Services Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £1,054,309 (2023 - £679,526 profit).

MEMBERS' INTERESTS

The capital requisite for carrying on this business of the LLP shall be agreed and contributed by the members from time to time. The total amount of and the respective contributions of the members to the fixed capital of the LLP shall be in the shares in which they are entitled to the net profits of the LLP.

ON BEHALF OF THE MEMBERS:

Feenyx Ltd - Designated member

12 September 2025

| MODUS RE LLP (REGISTERED NUMBER: OC434730) |

INCOME STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2024

| 31.12.24 |  | 31.12.23

| as | restated |

| Notes | £ | £ |

TURNOVER | 3,890,503 |  | 2,754,828 |  |

Cost of sales | 2,752,077 |  | 2,010,300 |  |

GROSS PROFIT | 1,138,426 |  | 744,528 |  |

Administrative expenses | 84,117 |  | 65,002 |  |

OPERATING PROFIT and |

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES | 1,054,309 |  | 679,526 |  |

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES | 1,054,309 |  | 679,526 |  |

Members' remuneration charged as an expense | 5 | (1,054,309 | ) | (679,526 | ) |

PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | - |  | - |  |

| MODUS RE LLP (REGISTERED NUMBER: OC434730) |

BALANCE SHEET

31 DECEMBER 2024

| 31.12.24 | 31.12.23 |

| as restated |

| Notes | £ | £ | £ |

FIXED ASSETS

Tangible assets | 7 | 1,747 |  | 1,023 |  |

CURRENT ASSETS

Debtors | 8 | 608,579 |  | 1,231,049 |  |

Cash at bank and in hand | 340,849 |  | 327,366 |  |

949,428 |  | 1,558,415 |  |

CREDITORS

Amounts falling due within one year | 9 | 466,903 |  | 644,475 |  |

NET CURRENT ASSETS | 482,525 |  | 913,940 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 484,272 |  | 914,963 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 10 | 484,272 |  | 914,963 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 10 | 484,272 |  | 914,963 |  |

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 year ended 31 December 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.

| MODUS RE LLP (REGISTERED NUMBER: OC434730) |

BALANCE SHEET - continued

31 DECEMBER 2024

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 12 September 2025 and were signed by:

Feenyx Ltd - Designated member

| MODUS RE LLP (REGISTERED NUMBER: OC434730) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Modus RE 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.

| 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 | - | 33% on cost

| 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.

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was NIL (2023 - NIL).

4. | OPERATING PROFIT

| The operating profit is stated after charging:

| 31.12.24 |  | 31.12.23

| as | restated |

£ | £ |

| Depreciation - owned assets | 959 |  | 566 |  |

5. | INFORMATION IN RELATION TO MEMBERS

| 31.12.24 |  | 31.12.23

| as | restated |

£ | £ |

| Members' remuneration charged as an expense |

| Automatic division of profit | 1,054,309 |  | 679,526 |  |

| MODUS RE LLP (REGISTERED NUMBER: OC434730) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

6. | PRIOR YEAR ADJUSTMENTS

| These financial statements present restated comparative figures for the inclusion of a customer credit note that related entirely to the year ended 31 December 2023. The credit note value of £62,824 was raised in December 2024, reducing Revenue and Debtors accordingly.

7. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2024 | 1,936 |  |

| Additions | 1,683 |  |

| At 31 December 2024 | 3,619 |  |

| DEPRECIATION

| At 1 January 2024 | 913 |  |

| Charge for year | 959 |  |

| At 31 December 2024 | 1,872 |  |

| NET BOOK VALUE

| At 31 December 2024 | 1,747 |  |

| At 31 December 2023 | 1,023 |  |

8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

| as | restated |

£ | £ |

| Trade debtors | 549,591 |  | 963,050 |  |

| Other debtors | 58,988 |  | 267,999 |  |

608,579 |  | 1,231,049 |  |

9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

| as | restated |

£ | £ |

| Trade creditors | 411,228 |  | 558,054 |  |

| Taxation and social security | 25,627 |  | 27,431 |  |

| Other creditors | 30,048 |  | 58,990 |  |

466,903 |  | 644,475 |  |

| MODUS RE LLP (REGISTERED NUMBER: OC434730) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

11. | RELATED PARTY DISCLOSURES

| Unless otherwise disclosed, all transactions involving related parties are conducted under normal market conditions.