Mann Partnership LLP Accounts






Mann Partnership LLP

	Registered No. OC374656
	Information for Filing with the Registrar
		31 March 2025

at	31 March 2025

Registered No.			OC374656	Notes	2025	2024
					£	£
Fixed assets



	Investments			5	9,900	9,900
					9,900	9,900
Current assets



	Cash at bank and in hand				36,227	47,224
					36,227	47,224
Creditors: Amounts falling due within one year				6	(12,015)	(41,471)
Net current assets					24,212	5,753
Total assets less current liabilities					34,112	15,653


Net assets attributable to members					34,112	15,653

Represented by:
	Loans and other debts due to members				24,211	5,753
	Members' other interests
		Members' capital			9,900	9,900

		Other reserves			1	-
					9,901	9,900

					34,112	15,653



These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

For the year ended 31 March 2025 the LLP 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) 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.

As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the members on 09 September 2025 and signed on its behalf by:
A. Mann
Designated member
09 September 2025

for the year ended 31 March 2025

General information

Mann Partnership LLP is a limited liability partnership and incorporated in England and Wales.

Its registered number is: OC374656

Its registered office is:

58 Harley Street

London

W1G 9QB

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting for Limited Liability Partnerships' issued in December 2018.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Members' remuneration and division of profits

Remuneration is paid to certain members under a contract of employment and is included as an expense in the profit and loss account.

In addition, the LLP agreement provides that fixed amounts, determined for each member each year, be paid to members, irrespective of the profits of the LLP. These amounts are included within members' remuneration charged as an expense.

Profits are treated as being available for discretionary division only if the the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Once agreement has been reached to divide the profits, a members' share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses remain included within 'other reserves'.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Research and development costs

Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.

Investments

Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other 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.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

Members' Interests

Members' interests are classified as either equity or debt.

Equity interests comprise any capital introduced classified as equity, any unallocated profits, any revaluation reserve and any other reserves.

Loans and other debts due to members comprise any capital introduced but classified as a liability, any loans from members, amounts due to members in respect of allocated profits less drawings and any other amounts that the LLP is contractually obliged to repay to members.

Taxation

Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

3	Information in relation to members
		2025	2024
		Number	Number
	The average number of members during the year :	3	3

4	Employees
		2025	2024
		Number	Number

	The average number of persons employed during the year was:	0	0

5	Investments
		Other investments	Total
		£	£
	Cost or revaluation
	At 1 April 2024	9,900	9,900



	At 31 March 2025	9,900	9,900
	Provisions and impairment





	Net book values
	At 31 March 2025	9,900	9,900
	At 31 March 2024	9,900	9,900

6	Creditors:
	amounts falling due within one year
		2025	2024
		£	£
	Bank loans and overdrafts	-	-




	Other taxes and social security	7,565	6,179
	Other creditors	4,450	4,450
	Accruals and deferred income	-	30,842
		12,015	41,471

7	Loans and other debts due to members
		2025	2024
		£	£



	Amounts due to members in respect of profits	24,211	5,753
		24,211	5,753

	Amounts falling due within one year	24,211	-

		24,211	5,753

	In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.