REGISTERED NUMBER: OC441016 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 March 2025

for

Mercieca Family Partnership LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs K Mercieca

DBS Property Trading Ltd

Estate of Simon Mercieca

REGISTERED OFFICE:

16 Beaufort Court

Admirals Way

Canary Wharf

London

E14 9XL

REGISTERED NUMBER:

OC441016 (England and Wales)

FIXED ASSETS

Tangible assets

4

6,556,916

6,712,916

CURRENT ASSETS

Debtors

5

10,646

2,880

CREDITORS

Amounts falling due within one year

6

29,901

36,669

NET CURRENT LIABILITIES

(19,255

)

(33,789

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,537,661

6,679,127

CREDITORS

Amounts falling due after more than one year

7

3,388,374

4,071,408

NET ASSETS ATTRIBUTABLE TO MEMBERS

3,149,287

2,607,719

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

3,262,787

2,565,219

MEMBERS' OTHER INTERESTS

Revaluation reserve

9

(113,500

)

42,500

3,149,287

2,607,719

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

3,262,787

2,565,219

Members' other interests

(113,500

)

42,500

Amounts due from members

5

-

(2,880

)

3,149,287

2,604,839

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 30 March 2025.

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.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 12 December 2025 and were signed by:

Mrs K Mercieca - Designated member

1.	STATUTORY INFORMATION

Mercieca Family Partnership 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 as modified by the revaluation of certain assets.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 31 March 2024

6,712,916

Revaluations

(156,000

)

At 30 March 2025

6,556,916

NET BOOK VALUE

At 30 March 2025

6,556,916

At 30 March 2024

6,712,916

Cost or valuation at 30 March 2025 is represented by:

Land and

buildings

£

Valuation in 2023

42,500

Valuation in 2025

(156,000

)

Cost

6,670,416

6,556,916

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.25

30.3.24

£

£

Trade debtors

10,646

-

Other debtors

-

2,880

10,646

2,880

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.25

30.3.24

£

£

Trade creditors

26,061

32,829

Other creditors

3,840

3,840

29,901

36,669

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.3.25

30.3.24

£

£

Other creditors

3,388,374

4,071,408

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in liquidation.

9.

RESERVES

Revaluation

reserve

£

At 31 March 2024

42,500

Revaluation Reserve

(156,000

)

At 30 March 2025

(113,500

)