Registered No. OC429803 (England and Wales)
MRD48 LLP
Filleted accounts
for the year ended 31 March 2025
MRD48 LLP
LLP Information
for the year ended 31 March 2025
Designated members
Alternative Residential Capital Group
Registered Number
OC429803 (England and Wales)
Registered Office
Third Floor
250 Kings Road
London
SW3 5UE
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
MRD48 LLP
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
146,896
33
Creditors: amounts falling due within one year
(6,128)
(376)
Net current assets/(liabilities)
639,571
(343)
Total assets less current liabilities
639,571
(343)
Creditors: amounts falling due after more than one year
(1,052,487)
-
Net liabilities attributable to members
(412,916)
(343)
Other reserves
(412,916)
(343)
Members' other interests
(412,916)
(343)
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 9 August 2025.
Lily Grace Capital Ltd
Designated member
Limited Liability Partnership Registration No. OC429803
MRD48 LLP
Notes to the Accounts
for the year ended 31 March 2025
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
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.
Investment properties are revalued annually and any surplus or deficit is dealt with through profit and loss. No depreciation is provided in respect of investment properties.
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.
MRD48 LLP is a limited liability partnership, incorporated in England and Wales, registration number OC429803. Its registered office is Third Floor, 250 Kings Road, London, SW3 5UE.
Work in progress
491,668
-
4
Creditors: amounts falling due within one year
2025
2024
MRD48 LLP
Notes to the Accounts
for the year ended 31 March 2025
5
Creditors: amounts falling due after more than one year
2025
2024
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 0 (2024: 3).