Company No: OC373039 (England and Wales)

Contents

• Balance Sheet
• Reconciliation of Members' Interests
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Investment property	3	315,524		256,501
		315,524		256,501
Current assets
Debtors	4	0		28,978
Cash at bank and in hand		297		1,577
		297		30,555
Creditors: amounts falling due within one year	5	( 10,764)		( 6,079)
Net current (liabilities)/assets		(10,467)		24,476
Total assets less current liabilities		305,057		280,977
Net assets attributable to members		305,057		280,977
Represented by
Loans and other debts due to members within one year
Other amounts		92,979		133,829
		92,979		133,829
Members' other interests
Members' capital classified as equity		1,000		1,000
Revaluation reserve		146,030		87,007
Other reserves		65,048		59,141
		212,078		147,148
		305,057		280,977
Total members' interests
Loans and other debts due to members		92,979		133,829
Members' other interests		212,078		147,148
		305,057		280,977

For the financial year ending 31 March 2026 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.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Mulgrave Estate (Ellerby) LLP (registered number: OC373039) were approved and authorised for issue by the members on 12 August 2026. They were signed on its behalf by:

The Marquis of Normanby Designated member

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Mulgrave Estate (Ellerby) LLP is a limited liability partnership incorporated in England and Wales with a registration number of OC373039. The registered office is The Estate Office, Mulgrave Castle, Lythe, Whitby, North Yorkshire, YO21 3RJ.

Turnover

Turnover represents rental income which is recognised in the year to which the rent relates.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The fair value is determined annually and derived from current market rent and investment property yields for comparable real estate, adjusted, if necessary, for any difference in nature, location or condition of the specific property.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the LLP becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at transaction price. A provision is established when there is objective evidence that the LLP will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the LLP during the year	2		2

3. Investment property

	Investment property
	£
Valuation
As at 01 April 2025	256,501
Fair value movement	59,023
As at 31 March 2026	315,524

Valuation

The 2026 valuations were made by the members, on an open market value for existing use basis.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2026		2025
	£		£
Historic cost	169,494		169,494

4. Debtors

	2026		2025
	£		£
Other debtors	0		28,978

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	6,099		0
Other taxation and social security	2,350		1,627
Other creditors	2,315		4,452
	10,764		6,079