M & J Bishop Property LLP

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: OC443965

		28 October 2024		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		18,219		16,685
Investment Properties	5		5,410,000		6,080,000

			5,428,219		6,096,685
CURRENT ASSETS
Debtors		337,194		638,263
Cash at bank and in hand		32,125		38,357

		369,319		676,620
Creditors: Amounts Falling Due Within One Year		(2,642,973 )		(1,264,656 )

NET CURRENT ASSETS (LIABILITIES)			(2,273,654 )		(588,036 )

TOTAL ASSETS LESS CURRENT LIABILITIES			3,154,565		5,508,649

Creditors: Amounts Falling Due After More Than One Year			-		(1,715,511 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			3,154,565		3,793,138

REPRESENTED BY:
Equity
Members' other interests
Members' capital		3,154,565		3,793,138

			3,154,565		3,793,138

TOTAL MEMBERS' INTEREST
Members' other interests			3,154,565		3,793,138

			3,154,565		3,793,138

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M & J Bishop Property LLP

Abridged Balance Sheet (continued)

As At 28 October 2024

For the period ending 28 October 2024 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.

All of the LLP's members have consented to the preparation of an Abridged Balance Sheet for the year end 28 October 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the members

Mr M Bishop

Designated Member

06/01/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

M & J Bishop Property LLP is a limited liability partnership, incorporated in England & Wales, registered number OC443965 . The Registered Office is Highstone House Business Centre, 165 High Street, Barnet, Hertfordshire, EN5 5SU.

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. Turnover

Rental income from investment property leased out under operating leases is recognised on a straight-line basis over the term of the lease.

2.3. 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

20% SL

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

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

4. Tangible Assets

	Total
	£
Cost or Valuation
As at 1 April 2024	20,856
Additions	4,491

As at 28 October 2024	25,347

Depreciation
As at 1 April 2024	4,171
Provided during the period	2,957

As at 28 October 2024	7,128

Net Book Value
As at 28 October 2024	18,219

As at 1 April 2024	16,685

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M & J Bishop Property LLP

Notes to the Abridged Financial Statements (continued)

For the Period 1 April 2024 to 28 October 2024

5. Investment Property

	28 October 2024
	£
Fair Value
As at 1 April 2024	6,080,000
Revaluations	(670,000)

As at 28 October 2024	5,410,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	28 October 2024	31 March 2024
	£	£
Cost	2,555,172	2,555,172

6. Related Party Transactions

On 28 October 2024 the entire trade and net assets were transferred to Cassis Property Services Ltd, a connected company.

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