IRIS Accounts Production v26.1.10.61 OC353705 designated member 1.4.25 31.3.26 31.3.26 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh OC353705 2025-03-31 OC353705 2026-03-31 OC353705 2025-04-01 2026-03-31 OC353705 2024-03-31 OC353705 2024-04-01 2025-03-31 OC353705 2025-03-31 OC353705 ns15:EnglandWales 2025-04-01 2026-03-31 OC353705 ns14:PoundSterling 2025-04-01 2026-03-31 OC353705 ns10:PartnerLLP1 2025-04-01 2026-03-31 OC353705 ns10:LimitedLiabilityPartnershipLLP 2025-04-01 2026-03-31 OC353705 ns10:SmallEntities 2025-04-01 2026-03-31 OC353705 ns10:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 OC353705 ns10:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 OC353705 ns10:LimitedLiabilityPartnershipsSORP 2025-04-01 2026-03-31 OC353705 ns10:FullAccounts 2025-04-01 2026-03-31 OC353705 1 2025-04-01 2026-03-31 OC353705 ns10:PartnerLLP2 2025-04-01 2026-03-31 OC353705 ns10:PartnerLLP3 2025-04-01 2026-03-31 OC353705 ns10:PartnerLLP4 2025-04-01 2026-03-31 OC353705 ns10:RegisteredOffice 2025-04-01 2026-03-31 OC353705 ns5:CurrentFinancialInstruments 2026-03-31 OC353705 ns5:CurrentFinancialInstruments 2025-03-31 OC353705 ns5:Non-currentFinancialInstruments 2026-03-31 OC353705 ns5:Non-currentFinancialInstruments 2025-03-31 OC353705 ns5:NetGoodwill 2025-04-01 2026-03-31 OC353705 ns5:NetGoodwill 2025-03-31 OC353705 ns5:NetGoodwill 2026-03-31 OC353705 ns5:NetGoodwill 2025-03-31 OC353705 ns5:LeaseholdImprovements 2025-03-31 OC353705 ns5:PlantMachinery 2025-03-31 OC353705 ns5:FurnitureFittings 2025-03-31 OC353705 ns5:MotorVehicles 2025-03-31 OC353705 ns5:LeaseholdImprovements 2025-04-01 2026-03-31 OC353705 ns5:PlantMachinery 2025-04-01 2026-03-31 OC353705 ns5:FurnitureFittings 2025-04-01 2026-03-31 OC353705 ns5:MotorVehicles 2025-04-01 2026-03-31 OC353705 ns5:LeaseholdImprovements 2026-03-31 OC353705 ns5:PlantMachinery 2026-03-31 OC353705 ns5:FurnitureFittings 2026-03-31 OC353705 ns5:MotorVehicles 2026-03-31 OC353705 ns5:LeaseholdImprovements 2025-03-31 OC353705 ns5:PlantMachinery 2025-03-31 OC353705 ns5:FurnitureFittings 2025-03-31 OC353705 ns5:MotorVehicles 2025-03-31 OC353705 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-03-31 OC353705 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 OC353705 ns5:Non-currentFinancialInstruments 2025-04-01 2026-03-31

REGISTERED NUMBER: OC353705 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2026 |

| for |

| Mundys Property Services LLP |

| Mundys Property Services LLP (Registered number: OC353705) |

Contents of the Financial Statements

for the Year Ended 31 March 2026

Page |

| General Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Mundys Property Services LLP |

General Information

for the Year Ended 31 March 2026

| DESIGNATED MEMBERS: | S M Bentley

| S L Spivey

| H Bentley

| L Spivey

| REGISTERED OFFICE: | 29 Silver Street

| Lincoln

| Lincolnshire

| LN2 1AS

| REGISTERED NUMBER: | OC353705 (England and Wales)

| ACCOUNTANTS: | Wright Vigar Limited

| Chartered Accountants & Business Advisers

| 15 Newland

| Lincoln

| Lincolnshire

| LN1 1XG

| Mundys Property Services LLP (Registered number: OC353705) |

Balance Sheet

31 March 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 303,797 |  | 260,565 |  |

Tangible assets | 5 | 257,449 |  | 305,015 |  |

561,246 |  | 565,580 |  |

CURRENT ASSETS

Stocks | 4,500 |  | 4,500 |  |

Debtors | 6 | 130,443 |  | 105,545 |  |

Cash at bank | 1,506,713 |  | 1,644,112 |  |

1,641,656 |  | 1,754,157 |  |

CREDITORS

Amounts falling due within one year | 7 | 410,819 |  | 420,670 |  |

NET CURRENT ASSETS | 1,230,837 |  | 1,333,487 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,792,083 |  | 1,899,067 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 113,875 |  | 151,372 |  |

NET ASSETS ATTRIBUTABLE TO MEMBERS | 1,678,208 |  | 1,747,695 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 9 | 1,678,208 |  | 1,747,695 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 9 | 1,678,208 |  | 1,747,695 |  |

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 2026.

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.

| Mundys Property Services LLP (Registered number: OC353705) |

Balance Sheet - continued

31 March 2026

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 27 July 2026 and were signed by:

S M Bentley - Designated member

| Mundys Property Services LLP (Registered number: OC353705) |

Notes to the Financial Statements

for the Year Ended 31 March 2026

1. | STATUTORY INFORMATION

| Mundys Property Services 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

| The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act . The nature of the limited liability partnership's operations and its principal activities are given in the members' report.

| These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

| The functional currency of Mundys Property Services LLP is considered to be pounds sterling.

| Revenue recognition

| Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

| Goodwill

| Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable,

| Amortisation is provided on intangible fixed assets so as to write off the cost, less any residual value, over their expected useful life as follows:

| Asset class |  | Amortisation method and rate |  |

| Goodwill |  | 5% straight line |  |

| Tangible fixed assets

| Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

| The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

| Depreciation

| Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic useful life as follows:

| Asset class |  | Depreciation method and rate |  |

| Alterations to leasehold premises |  | 50% straight line basis |  |

| Fixtures and fittings |  | 20% reducing balance |  |

| Plant and machinery |  | 20% reducing balance |  |

| Motor vehicles |  | 20% reducing balance |  |

| Work in progress

| Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to the profit and loss account as incurred.

| Mundys Property Services LLP (Registered number: OC353705) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

2. | ACCOUNTING POLICIES - continued

| Taxation

| The taxation payable on the partnership's profit is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

| Trade debtors

| Trade debtors are amounts due from customers for services performed in the ordinary course of business.

| Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of the trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

| Trade Creditors

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the accounting period, to defer settlement of the creditor fir at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

| Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

| Members' remuneration and division of profits

| The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek focus profit allocation on ensuring equity between different generations and populations of members.

| Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported in the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

| Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at the profit available for discretionary division among members. The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

| Members' interests

| Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was 51 (2025 - 45 ) .

| Mundys Property Services LLP (Registered number: OC353705) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2025 | 495,381 |  |

| Additions | 70,000 |  |

| At 31 March 2026 | 565,381 |  |

| AMORTISATION

| At 1 April 2025 | 234,816 |  |

| Charge for year | 26,768 |  |

| At 31 March 2026 | 261,584 |  |

| NET BOOK VALUE

| At 31 March 2026 | 303,797 |  |

| At 31 March 2025 | 260,565 |  |

5. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| to |  | Plant and |  | and |  | Motor |

| property |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 April 2025 | 41,991 |  | 2,224 |  | 223,579 |  | 337,310 |  | 605,104 |  |

| Additions | - |  | 3,765 |  | 5,660 |  | 12,525 |  | 21,950 |  |

| Disposals | - |  | - |  | - |  | (20,500 | ) | (20,500 | ) |

| At 31 March 2026 | 41,991 |  | 5,989 |  | 229,239 |  | 329,335 |  | 606,554 |  |

| DEPRECIATION

| At 1 April 2025 | 33,580 |  | 800 |  | 158,495 |  | 107,214 |  | 300,089 |  |

| Charge for year | 198 |  | 745 |  | 13,505 |  | 46,346 |  | 60,794 |  |

| Eliminated on disposal | - |  | - |  | - |  | (11,778 | ) | (11,778 | ) |

| At 31 March 2026 | 33,778 |  | 1,545 |  | 172,000 |  | 141,782 |  | 349,105 |  |

| NET BOOK VALUE

| At 31 March 2026 | 8,213 |  | 4,444 |  | 57,239 |  | 187,553 |  | 257,449 |  |

| At 31 March 2025 | 8,411 |  | 1,424 |  | 65,084 |  | 230,096 |  | 305,015 |  |

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

2026 | 2025 |

£ | £ |

| Trade debtors | 100,365 |  | 74,240 |  |

| Other debtors | 30,078 |  | 31,305 |  |

130,443 |  | 105,545 |  |

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

2026 | 2025 |

£ | £ |

| Hire purchase contracts | 21,227 |  | 26,803 |  |

| Trade creditors | 54,865 |  | 65,366 |  |

| Taxation and social security | 182,491 |  | 163,319 |  |

| Other creditors | 152,236 |  | 165,182 |  |

410,819 |  | 420,670 |  |

| Mundys Property Services LLP (Registered number: OC353705) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

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

2026 | 2025 |

£ | £ |

| Hire purchase contracts | 113,875 |  | 151,372 |  |

| The hire purchase and finance leases are secured on the related assets.

9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

2026 | 2025 |

£ | £ |

| Amounts owed to members in respect of profits | 1,678,208 |  | 1,747,695 |  |

| Falling due within one year | 1,678,208 |  | 1,747,695 |  |

| Loans to members rank equally to other creditors.

10. | CONTROL

| The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.