MJK PROPERTIES (SOUTH EAST) LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC373467

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		771,502		775,091

			771,502		775,091
CURRENT ASSETS
Debtors	5	412		429

		412		429
Creditors: Amounts Falling Due Within One Year	6	(171,894 )		(153,913 )

NET CURRENT ASSETS (LIABILITIES)			(171,482 )		(153,484 )

TOTAL ASSETS LESS CURRENT LIABILITIES			600,020		621,607

NET ASSETS ATTRIBUTABLE TO MEMBERS			600,020		621,607

REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability		149,094		130,577
Other amounts		450,926		491,030

			600,020		621,607

			600,020		621,607

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			600,020		621,607

			600,020		621,607

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MJK PROPERTIES (SOUTH EAST) LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 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 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

The financial statements were approved by the members on 10 December 2025 and were signed on their behalf by:

Mr Martin Epps Designated Member	Mrs Jill Epps Designated Member
10/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

MJK PROPERTIES (SOUTH EAST) LLP is a limited liability partnership, incorporated in England & Wales, registered number OC373467 . The Registered Office is 100 High Street, Whitstable, Kent, CT5 1AZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Non depreciable
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 4 (2024: 4)

4. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2024	760,735	79,272	30,195	870,202

As at 31 March 2025	760,735	79,272	30,195	870,202

Depreciation
As at 1 April 2024	-	71,335	23,776	95,111
Provided during the period	-	1,984	1,605	3,589

As at 31 March 2025	-	73,319	25,381	98,700

...CONTINUED

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MJK PROPERTIES (SOUTH EAST) LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	760,735	5,953	4,814	771,502

As at 1 April 2024	760,735	7,937	6,419	775,091

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	412	429

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Amounts owed to group undertakings	169,826	151,932
Other creditors	2,068	1,981

	171,894	153,913

7. Related Party Transactions

In the opinion of the members Mr Martin Epps is the controlling party as defined by financial "reporting Standard" No 8 "Related party disclosures"

8. Split of profit

Mr Kirk Epps £11,000 £15,000

Mr Martin Epps £12,698 £3,117

Mrs Jill Epps £12,698 £3,118

Total profit £36,396 £21,235

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