ACCOUNTS - Final Accounts preparation

Registered number: OC304340

MAB PARTNERS LLP

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

MAB PARTNERS LLP

REPORT TO THE MEMBERS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MAB PARTNERS LLP
FOR THE YEAR ENDED 31 MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008), we have prepared for your approval the financial statements of MAB Partners LLP for the year ended 31 March 2025 which comprise the Balance sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the members in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of MAB Partners LLP and state those matters that we have agreed to state to the MAB Partners LLP's members in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MAB Partners LLP and its members for our work or for this report.

It is your duty to ensure that MAB Partners LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of MAB Partners LLP. You consider that MAB Partners LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of MAB Partners LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alder Demain & Akers Ltd

Accountants

2 Michaels Court

Hanney Road

Southmoor

Oxford

OX13 5HR

23 September 2025

Page 1

MAB PARTNERS LLP

REGISTERED NUMBER: OC304340

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		389		36,911
Investments	5		69,550		69,550
			69,939		106,461
Current assets
Debtors: amounts falling due within one year	6	3,265		142
Cash at bank and in hand	7	4,451		12,746
		7,716		12,888
Creditors: Amounts Falling Due Within One Year	8	(19,247)		(2,218)
Net current (liabilities)/assets			(11,531)		10,670
Total assets less current liabilities			58,408		117,131

Net assets			58,408		117,131

Represented by:
Loans and other debts due to members within one year
Other amounts		(1,700,469)		(1,678,338)
		(1,700,469)		(1,678,338)
Members' other interests
Members' capital classified as equity	60,500		60,500
Other reserves classified as equity	1,698,377		1,734,969
		1,758,877		1,795,469
		58,408		117,131

Total members' interests
Loans and other debts due to members	(1,700,469)	(1,678,338)
Members' other interests	1,758,877	1,789,157
	58,408	110,819

Page 2

MAB PARTNERS LLP

REGISTERED NUMBER: OC304340

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

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

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 23 September 2025.

................................................

Marzouk Al-bader

Designated member

The notes on pages 4 to 7 form part of these financial statements.

MAB Partners LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

Page 3

MAB PARTNERS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

MAB Partners LLP is a limited liability partnership, incorporated in England and Wales, registration number OC304340.
Its registered office is:
Watershedd, 625 The Shepherds Building, Charecroft Way, London, England, W14 0EE

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.3

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

MAB PARTNERS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles	-	25%
Fixtures and fittings	-	25%
Office equipment	-	25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

	The entity has no employees.
	The average monthly number of employees, including directors, during the year was 0 (2024 - 0).

Page 5

MAB PARTNERS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

	Motor vehicles	Fixtures and fittings	Office equipment	Total
	£	£	£	£
Cost or valuation
At 1 April 2024	60,870	2,874	5,098	68,842
Disposals	(60,870)	-	-	(60,870)
At 31 March 2025	-	2,874	5,098	7,972
Depreciation
At 1 April 2024	24,348	2,874	4,709	31,931
Disposals	(24,348)	-	-	(24,348)
At 31 March 2025	-	2,874	4,709	7,583
Net book value
At 31 March 2025	-	-	389	389
At 31 March 2024	36,522	-	389	36,911

5.	Fixed asset investments

		Trade investments
		£

	At 1 April 2024	69,550

Debtors

					2025	2024
					£	£


Other debtors	3,265	142
	3,265	142

Page 6

MAB PARTNERS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	4,451	12,746
	4,451	12,746

8.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	19,247	2,218
	19,247	2,218

Related party transactions

At the financial year end date, there is £3,392,344 (2023 - £3,394,844) owing to MAB Management Limited (Company Number 06016203).
The company is registered at 2 Michaels Court, Hanneu Road, Southmoor, Oxon. OX13 5HR and is a corporate partner of the LLP.
The loan has been extended as an interest free loan and is not expected to be repaid within the next 12 months.
At the financial year end date, the Managing Partner of MAB Partners LLP owed £3,797,803 (2023 - £3,287,523).
The loan has ben extended as an interest free loan and is being repaid over a period longer than 12 months.
At the financial year end date, there is £50,000 (2023 - £50,000) owing to Watershed Developments Limited (Company Number 10711661).
The company is registered at 2 Michaels Court, Hanneu Road, Southmoor, Oxon. OX13 5HR and is a corporate partner of the LLP.
The loan has been extended as an interest free loan and is not expected to be repaid within the next 12 months.

10.	Controlling party

Mr Mazouk Al-Bader, is the ultimate controlling party by virtue of his direct and indirect interest of the LLP.

Page 7