Company No: OC413701 (England and Wales)

Contents

• Limited Liability Partnership Information
• Balance Sheet
• Reconciliation of Members' Interests
• Notes to the Financial Statements

Designated members	A Hall
	J Lyles
	R J Moffitt
	E Spooner
	J Williams
	P Windle

Registered office	Bond House
	19 Woodstock Street
	London
	W1C 2AN
	United Kingdom

Registered number

OC413701 (England and Wales)

Accountant	Kreston Reeves LLP
	2nd Floor
	168 Shoreditch High Street
	London
	E1 6RA

	Note	31.03.2025		31.03.2024
		£		£
Fixed assets
Tangible assets	3	25,296		55,695
		25,296		55,695
Current assets
Debtors	4	1,593,342		1,364,608
Cash at bank and in hand	5	1,726,802		2,154,026
		3,320,144		3,518,634
Creditors: amounts falling due within one year	6	( 487,654)		( 388,827)
Net current assets		2,832,490		3,129,807
Total assets less current liabilities		2,857,786		3,185,502
Net assets attributable to members		2,857,786		3,185,502
Represented by
Loans and other debts due to members within one year
Other amounts		2,857,686		3,185,402
		2,857,686		3,185,402
Members' other interests
Members' capital classified as equity		100		100
		100		100
		2,857,786		3,185,502
Total members' interests
Loans and other debts due to members		2,857,686		3,185,402
Members' other interests		100		100
		2,857,786		3,185,502

For the financial 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.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of M1 Agency LLP (registered number: OC413701) were approved and authorised for issue by the Board of Directors on 22 December 2025. They were signed on its behalf by:

J Williams Designated member

A Hall Designated member

	EQUITY Members' other interests			DEBT Loans and other debts due to members less any amounts due from members in debtors	Total members' interests
	Members' capital (classified as equity)	Other reserves	Total	Other amounts	Total
	£	£	£	£	£
Amounts due to members				4,392,692
Balance at 01 October 2023	100	0	100	4,392,692	4,392,792
Profit for the financial year/period available for discretionary division among members	0	765,517	765,517	0	765,517
Members' interest after profit for the financial year/period	100	765,517	765,617	4,392,692	5,158,309
Division of profit	0	(765,517)	(765,517)	765,517	0
Drawings	0	0	0	(1,972,807)	(1,972,807)
Amounts due to members				3,185,402
Balance at 31 March 2024	100	0	100	3,185,402	3,185,502
Profit for the financial year/period available for discretionary division among members	0	2,744,403	2,744,403	0	2,744,403
Members' interest after profit for the financial year/period	100	2,744,403	2,744,503	3,185,402	5,929,905
Division of profit	0	(2,744,403)	(2,744,403)	2,744,403	0
Drawings	0	0	0	(3,072,119)	(3,072,119)
Amounts due to members				2,857,686
Balance at 31 March 2025	100	0	100	2,857,686	2,857,786

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

M1 Agency LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Bond House, 19 Woodstock Street, London, W1C 2AN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the LLP and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The LLP operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	depreciated over the life of the lease
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

	Year ended 31.03.2025		Period from 01.10.2023 to 31.03.2024
	Number		Number
Monthly average number of persons employed by the LLP during the year	13		12

3. Tangible assets

	Leasehold improve- ments		Office equipment		Total
	£		£		£
Cost
At 01 April 2024	99,276		99,978		199,254
Additions	0		6,722		6,722
At 31 March 2025	99,276		106,700		205,976
Accumulated depreciation
At 01 April 2024	72,628		70,931		143,559
Charge for the financial year	11,158		25,963		37,121
At 31 March 2025	83,786		96,894		180,680
Net book value
At 31 March 2025	15,490		9,806		25,296
At 31 March 2024	26,648		29,047		55,695

4. Debtors

	31.03.2025		31.03.2024
	£		£
Trade debtors	674,286		739,306
Amounts owed by Group undertakings	728,767		443,080
Prepayments	64,244		62,675
Other debtors	126,045		119,547
	1,593,342		1,364,608

5. Cash and cash equivalents

	31.03.2025		31.03.2024
	£		£
Cash at bank and in hand	1,726,802		2,154,026

6. Creditors: amounts falling due within one year

	31.03.2025		31.03.2024
	£		£
Trade creditors	74,689		260,663
Accruals	266,000		16,000
Other taxation and social security	141,861		99,184
Other creditors	5,104		12,980
	487,654		388,827

7. Related party transactions

During the period, the LLP made payments of £174,113 (2024: £55,120) on behalf of M1 Agency (Nottingham) LLP, of which it is a designated member. The LLP also received £121,840 (2024: £132,000) on behalf of M1 Agency (Nottingham) LLP and has allocated profits of £233,414 (2024: £94,369). The amount due from M1 Agency (Nottingham) LLP at 31 March 2025 was £728,767 (2024: £443,080) and is included in Debtors.

8. Pension commitments

The LLP operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the LLP in a independently administered fund. The pension cost charge represents contributions payable by the LLP to the fund and amounted to £44,607 (2024: £14,259). As at 31 March 2025, the LLP had remaining pensions payable of £4,990 (2024: £4,571).

9. Ultimate controlling party

The LLP is under the control of its designated members.