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REGISTERED NUMBER: OC440115 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 5 April 2025 |

| for |

| Morton Kathrens LLP |

| Morton Kathrens LLP (Registered number: OC440115) |

Contents of the Financial Statements

for the Year Ended 5 April 2025

Page |

| General Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Morton Kathrens LLP |

General Information

for the Year Ended 5 April 2025

| DESIGNATED MEMBERS: | M Kathrens

| B Kathrens

| MBK Property Ltd

| REGISTERED OFFICE: | Oaklea House

| 46 Coatham Road

| Redcar

| England

| TS10 1RS

| REGISTERED NUMBER: | OC440115 (England and Wales)

| ACCOUNTANTS: | SKS Bailey Group Limited

| Oaklea House

| 46 Coatham Road

| Redcar

| TS10 1RS

| Morton Kathrens LLP (Registered number: OC440115) |

Balance Sheet

5 April 2025

| 2025 |  | 2024

| Notes | £ | £ |

Fixed assets

Investment property | 4 | 1,196,000 |  | 1,098,672 |  |

Current assets

Debtors | 5 | 6,439 |  | 12,421 |  |

Creditors

Amounts falling due within one year | 6 | (6,918 | ) | (47,427 | ) |

Net current liabilities | (479 | ) | (35,006 | ) |

Total assets less current liabilities | 1,195,521 |  | 1,063,666 |  |

Creditors

Amounts falling due after more than one year | 7 | (717,340 | ) | (604,553 | ) |

Net assets attributable to members | 478,181 |  | 459,113 |  |

Loans and other debts due to members | 8 | 478,181 |  | 459,113 |  |

Total members' interests

Loans and other debts due to members | 8 | 478,181 |  | 459,113 |  |

Amounts due from members | 5 | (1,939 | ) | (8,286 | ) |

476,242 |  | 450,827 |  |

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 5 April 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.

| Morton Kathrens LLP (Registered number: OC440115) |

Balance Sheet - continued

5 April 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

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 6 January 2026 and were signed by:

B Kathrens - Designated member

| Morton Kathrens LLP (Registered number: OC440115) |

Notes to the Financial Statements

for the Year Ended 5 April 2025

1. | STATUTORY INFORMATION

| Morton Kathrens 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.

| TURNOVER

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| 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 6 April 2024 | 1,098,672 |  |

| Disposals | (60,000 | ) |

| Revaluations | 157,328 |  |

| At 5 April 2025 | 1,196,000 |  |

| NET BOOK VALUE

| At 5 April 2025 | 1,196,000 |  |

| At 5 April 2024 | 1,098,672 |  |

| Properties are required to be disclosed within the financial statements at fair value.

| The valuation was made by directors on an open market value basis by reference to market evidence of transaction prices for similar properties.

| Morton Kathrens LLP (Registered number: OC440115) |

Notes to the Financial Statements - continued

for the Year Ended 5 April 2025

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Amounts due from members | 1,939 |  | 8,286 |  |

| Other debtors | 4,500 |  | 4,135 |  |

6,439 |  | 12,421 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | - |  | 40,000 |  |

| Other creditors | 5,378 |  | 6,059 |  |

| Accrued expenses | 1,540 |  | 1,368 |  |

6,918 |  | 47,427 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Mortgages | 717,340 |  | 604,553 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Mortgages | 717,340 |  | 604,553 |  |

8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

2025 | 2024 |

£ | £ |

| Amounts owed to members in respect of profits | 478,181 |  | 459,113 |  |

| Falling due within one year | 478,181 |  | 459,113 |  |

| Members rank ahead of other creditors in a liquidation.