MBS HOMES LLP

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

Registered number: OC434639

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		167,095		174,025
Investment Properties	5		3,680,150		3,680,150

			3,847,245		3,854,175
CURRENT ASSETS
Debtors	6	51,395		51,395
Cash at bank and in hand		9,478		10,393

		60,873		61,788
Creditors: Amounts Falling Due Within One Year	7	(50,450 )		(53,242 )

NET CURRENT ASSETS (LIABILITIES)			10,423		8,546

TOTAL ASSETS LESS CURRENT LIABILITIES			3,857,668		3,862,721

Creditors: Amounts Falling Due After More Than One Year	8		(2,384,239 )		(2,383,740 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			1,473,429		1,478,981

REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability		1,366,678		1,430,811

			1,366,678		1,430,811

Equity
Members' other interests
Other reserves		106,751		48,170

			106,751		48,170

			1,473,429		1,478,981

TOTAL MEMBERS' INTEREST
Amounts due from members			(51,395)		(51,395)
Loans and other debts due to members within one year			1,366,678		1,430,811
Members' other interests			106,751		48,170

			1,422,034		1,427,586

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Page 2

MBS HOMES LLP

Balance Sheet (continued)

As At 31 March 2026

For the 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 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.

On behalf of the members

Mr Brian Stevenson

Designated Member

19/05/2026

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

1. General Information

MBS HOMES LLP is a limited liability partnership, incorporated in England & Wales, registered number OC434639 . The Registered Office is The Old Piggery, Broadway Lane, Bournemouth, Dorset, BH8 0AE.

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 May 2024 (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

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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:

Freehold	No depreciation
Leasehold	No depreciation
Plant & Machinery	20% reducing balance
Computer Equipment	20% Straight Line

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 year was: NIL (2025: NIL)

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MBS HOMES LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	147,800	32,159	2,498	182,457

As at 31 March 2026	147,800	32,159	2,498	182,457

Depreciation
As at 1 April 2025	-	6,432	2,000	8,432
Provided during the period	-	6,432	498	6,930

As at 31 March 2026	-	12,864	2,498	15,362

Net Book Value
As at 31 March 2026	147,800	19,295	-	167,095

As at 1 April 2025	147,800	25,727	498	174,025

5. Investment Property

	2026
	£
Fair Value
As at 1 April 2025 and 31 March 2026	3,680,150

6. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	51,395	51,395

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	28,539	31,941
Other creditors	21,911	21,301

	50,450	53,242

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	2,384,239	2,383,740

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