REGISTERED NUMBER: SO307534 (Scotland)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MPB ESTATES LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

P Brown

Ms M Mcgeady

REGISTERED OFFICE:

10C Vennel Street

Stewarton

Ayr

Ayrshire

KA3 5HL

REGISTERED NUMBER:

SO307534 (Scotland)

ACCOUNTANTS:

K M Stewart & Company

6 Miller Road

Ayr

KA7 2AY

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of maintenance and development of properties.

DESIGNATED MEMBERS

The designated members during the year under review were:

P Brown

Ms M Mcgeady

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £27,268 (2024 - £18,780 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

P Brown - Designated member

23 September 2025

TURNOVER

155,482

133,170

Administrative expenses

97,444

94,616

58,038

38,554

Other operating income

-

22,849

OPERATING PROFIT

4

58,038

61,403

Interest payable and similar expenses

30,770

42,623

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

27,268

18,780

FIXED ASSETS

Tangible assets

5

3,030,085

3,081,847

CURRENT ASSETS

Debtors

6

10,003

8,123

Cash at bank

7,836

17,413

17,839

25,536

CREDITORS

Amounts falling due within one year

7

58,886

45,553

NET CURRENT LIABILITIES

(41,047

)

(20,017

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,989,038

3,061,830

CREDITORS

Amounts falling due after more than one year

8

602,895

633,221

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,386,143

2,428,609

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

845,384

837,867

MEMBERS' OTHER INTERESTS

Revaluation reserve

1,540,759

1,590,742

2,386,143

2,428,609

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

845,384

837,867

Members' other interests

1,540,759

1,590,742

2,386,143

2,428,609

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 23 September 2025 and were signed by:

P Brown - Designated member

1.	STATUTORY INFORMATION

MPB Estates LLP is registered in Scotland. 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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

3.	EMPLOYEE INFORMATION

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

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

1,779

2,093

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST OR VALUATION

At 1 April 2024

3,069,983

8,918

4,087

Revaluations

(49,983

)

-

-

At 31 March 2025

3,020,000

8,918

4,087

DEPRECIATION

At 1 April 2024

-

2,117

1,134

Charge for year

-

1,020

443

At 31 March 2025

-

3,137

1,577

NET BOOK VALUE

At 31 March 2025

3,020,000

5,781

2,510

At 31 March 2024

3,069,983

6,801

2,953

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

10

2,911

3,085,909

Revaluations

-

-

(49,983

)

At 31 March 2025

10

2,911

3,035,926

DEPRECIATION

At 1 April 2024

3

808

4,062

Charge for year

1

315

1,779

At 31 March 2025

4

1,123

5,841

NET BOOK VALUE

At 31 March 2025

6

1,788

3,030,085

At 31 March 2024

7

2,103

3,081,847

Cost or valuation at 31 March 2025 is represented by:

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

Valuation in 2025

3,020,000

8,918

4,087

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Valuation in 2025

10

2,911

3,035,926

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

10,003

8,123

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

20,708

20,708

Trade creditors

12,406

12,405

Other creditors

25,772

12,440

58,886

45,553

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

602,895

633,221

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

520,062

550,388

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

845,384

837,867

Falling due within one year

845,384

837,867