Mail Expertise LLP

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: OC374658

		30 December 2024		31 December 2023
	Notes	€	€	€	€
FIXED ASSETS
Tangible Assets	4		-		500

			-		500
CURRENT ASSETS
Debtors	5	867,629		1,118,259
Cash at bank and in hand		314,207		135,751

		1,181,836		1,254,010
Creditors: Amounts Falling Due Within One Year	6	(673,303 )		(786,904 )

NET CURRENT ASSETS (LIABILITIES)			508,533		467,106

TOTAL ASSETS LESS CURRENT LIABILITIES			508,533		467,606

Creditors: Amounts Falling Due After More Than One Year	7		(8,603 )		(44,516 )

PROVISIONS FOR LIABILITIES
Provisions For Charges			(84,000 )		-

NET ASSETS ATTRIBUTABLE TO MEMBERS			415,930		423,090

REPRESENTED BY:
Equity
Members' other interests
Members' capital		415,930		423,090

			415,930		423,090

TOTAL MEMBERS' INTEREST
Members' other interests			415,930		423,090

			415,930		423,090

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Mail Expertise LLP

Statement of Financial Position (continued)

As At 30 December 2024

For the period ending 30 December 2024 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 Income Statement.

On behalf of the members

Rockwise Ltd

Designated Member

16 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Mail Expertise LLP is a limited liability partnership, incorporated in England & Wales, registered number OC374658 . The Registered Office is F5, 5th Floor , Digital Glassworks, Mill Bay , Folkestone, Kent, CT20 1JG.

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 euro which is the functional currency of the LLP.

2.2. Going Concern Disclosure

The LLP has experienced a significant decline in sales revenue during the period ended 30 December 2024, which has had a material adverse impact on its liquidity. As a result, the entity has incurred reduced operating profit (incurred losses) . The entity is currently in discussions with its lenders regarding possible financing options and is taking steps to reduce operational costs in order to stabilize its financial position. However, due to the uncertainty surrounding the entity's ability to restore profitability and the continued decline in revenue trends, there is significant doubt about the entity's ability to continue as a going concern for the foreseeable future.The members have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

2.3. 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.

2.4. 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:

Leasehold	20% straight line
Motor Vehicles	25% reducing balance
Computer Equipment	33% straight line

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the period was: 13 (2023: 14)

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Mail Expertise LLP

Notes to the Financial Statements (continued)

For the Period 1 January 2024 to 30 December 2024

4. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Computer Equipment	Total
	€	€	€	€
Cost
As at 1 January 2024	40,831	6,946	33,040	80,817
Disposals	-	(6,946 )	-	(6,946 )

As at 30 December 2024	40,831	-	33,040	73,871

Depreciation
As at 1 January 2024	40,831	6,946	32,540	80,317
Provided during the period	-	-	500	500
Disposals	-	(6,946 )	-	(6,946 )

As at 30 December 2024	40,831	-	33,040	73,871

Net Book Value
As at 30 December 2024	-	-	-	-

As at 1 January 2024	-	-	500	500

5. Debtors

	30 December 2024	31 December 2023
	€	€
Due within one year
Trade debtors	-	1,089,209
Amounts owed by participating interests	759,061	19,217
Other debtors	108,568	9,833

	867,629	1,118,259

6. Creditors: Amounts Falling Due Within One Year

	30 December 2024	31 December 2023
	€	€
Trade creditors	271,152	270,049
Bank loans and overdrafts	20,000	20,000
Other loans	34,489	33,065
Amounts owed to participating interests	-	131,884
Other creditors	312,930	312,930
Taxation and social security	34,732	18,976

	673,303	786,904

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Mail Expertise LLP

Notes to the Financial Statements (continued)

For the Period 1 January 2024 to 30 December 2024

7. Creditors: Amounts Falling Due After More Than One Year

	30 December 2024	31 December 2023
	€	€
Other loans	8,603	44,516

8. Related Party Transactions

The company has members Rockwise Ltd & Beesmart Ltd.

Beesmart Ltd owes the LLP €106,037 (2023 - €19,217)

Rockwise Ltd owes the LLP €653,023 (2023 - €131,884 owed)

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