Mainline Environmental Services LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC383309

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		6,632		8,716

			6,632		8,716
CURRENT ASSETS
Debtors	5	2,614,815		2,649,640
Cash at bank and in hand		196		196

		2,615,011		2,649,836
Creditors: Amounts Falling Due Within One Year	6	(1,597,720 )		(1,669,929 )

NET CURRENT ASSETS (LIABILITIES)			1,017,291		979,907

TOTAL ASSETS LESS CURRENT LIABILITIES			1,023,923		988,623

Creditors: Amounts Falling Due After More Than One Year	7		(232,516 )		(241,099 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			791,407		747,524

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		41,057		78,351

			41,057		78,351

Equity
Members' other interests
Members' capital		682,030		682,030
Other reserves		68,320		(12,857)

			750,350		669,173

			791,407		747,524

TOTAL MEMBERS' INTEREST
Amounts due from members			(1,944,298)		(1,981,963)
Loans and other debts due to members within one year			41,057		78,351
Members' other interests			750,350		669,173

			(1,152,891)		(1,234,439)

Page 1

Page 2

Mainline Environmental Services 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.

On behalf of the members

Mr Paul Kenyon

Designated Member

23/12/2025

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

1. General Information

Mainline Environmental Services LLP is a limited liability partnership, incorporated in England & Wales, registered number OC383309 . The Registered Office is Wellington House, 273-275 High Street, London Colney, Hertfordshire, United Kingdom, AL2 1HA.

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. Going Concern Disclosure

The members have identified material uncertainties related to events or conditions that may cast significant doubt about the LLP's ability to continue as a going concern. The LLP is reliant on the support from a related party and the members have been assured that such support will continue for the forseeable future, and therefore deemed it appropriate to continue on a going concern basis.

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 rendering of services.

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.

2.4. 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:

Plant & Machinery	25% RB
Motor Vehicles	25% RB
Fixtures & Fittings	25% RB
Computer Equipment	33% RB

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Financial Instruments

Finance Costs

Finance cost are charged to the statement of comprehensive Income over the tern of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue cost are initially recognized as a reductions in the proceeds of the associates capital instrument

Borrowing Costs

All borrowing costs are recognized in the Statement of Comprehensive Income in the year in which they are incurred.

Page 3

Page 4

Mainline Environmental Services LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 3 (2024: 3)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	11,862	10,690	13,434	6,017	42,003
Additions	323	-	-	-	323

As at 31 March 2025	12,185	10,690	13,434	6,017	42,326

Depreciation
As at 1 April 2024	10,257	9,820	8,295	4,915	33,287
Provided during the period	482	218	1,343	364	2,407

As at 31 March 2025	10,739	10,038	9,638	5,279	35,694

Net Book Value
As at 31 March 2025	1,446	652	3,796	738	6,632

As at 1 April 2024	1,605	870	5,139	1,102	8,716

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	43,313	36,020
Other debtors	2,571,502	2,613,620

	2,614,815	2,649,640

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	46,326	147,464
Bank loans and overdrafts	69,893	34,867
Other creditors	1,450,826	1,480,306
Taxation and social security	30,675	7,292

	1,597,720	1,669,929

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

	2025	2024
	£	£
BBL > 1 yrs	22,975	28,490
Taxation and social security	209,541	212,609

	232,516	241,099

Page 4

Page 5

Mainline Environmental Services LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Bank loans and overdrafts	64,379		29,352

9. Related Party Transactions

At 31 March 2025 £1,380,198 (2024: £1,394,697) was owed to Mainline Properties Limited, a company in which Mr P J Kenyon is a director and shareholder.

At 31 March 2025 £66,628 (2024: £56,926) was owed by Mainline Properties Limited, a company in which Mr P J Kenyon is a director, and Mr P J Kenyon and Mrs C S Kenyon are shareholders.

Page 5