REGISTERED NUMBER: OC375509 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

M&B Lettings LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Y Walcott-Yates

D Yates

REGISTERED OFFICE:

St Johns House

16 Church Street

Bromsgrove

Worcestershire

B61 8DN

REGISTERED NUMBER:

OC375509 (England and Wales)

ACCOUNTANTS:

Ground Control Business Management

St Johns House

16 Church Street

Bromsgrove

Worcestershire

B61 8DN

FIXED ASSETS

Investment property

4

1,485,000

1,465,000

CURRENT ASSETS

Debtors

4,664

3,663

Cash at bank

137,410

115,453

142,074

119,116

CREDITORS

Amounts falling due within one year

12,210

11,682

NET CURRENT ASSETS

129,864

107,434

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,614,864

1,572,434

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Capital accounts

1,179,864

1,157,434

Fair value reserve

5

435,000

415,000

1,614,864

1,572,434

TOTAL MEMBERS' INTERESTS

Members' other interests

1,614,864

1,572,434

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 31 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 23 December 2025 and were signed by:

D Yates - Designated member

Y Walcott-Yates - Designated member

1.	STATUTORY INFORMATION

M&B Lettings 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEE INFORMATION

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,465,000

Revaluations

20,000

At 31 March 2025

1,485,000

NET BOOK VALUE

At 31 March 2025

1,485,000

At 31 March 2024

1,465,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2016

157,000

Valuation in 2017

9,000

Valuation in 2018

(39,000

)

Valuation in 2019

18,000

Valuation in 2020

(57,000

)

Valuation in 2021

150,000

Valuation in 2022

97,000

Valuation in 2023

56,000

Valuation in 2024

24,000

Valuation in 2025

20,000

Cost

1,050,000

1,485,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,050,000

1,050,000

The investment properties were valued on an open market basis on 31 March 2025 by the members .

5.

RESERVES

Fair

value

reserve

£

At 1 April 2024

415,000

Revaluation in year

20,000

At 31 March 2025

435,000