REGISTERED NUMBER: OC343702 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

M20 Property LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DESIGNATED MEMBERS:

Mrs C Stone

Mr M Stone

REGISTERED OFFICE:

93

Lapwing Lane

Manchester

Greater Manchester

M20 6UR

REGISTERED NUMBER:

OC343702 (England and Wales)

ACCOUNTANTS:

Bennett Brooks & Co Ltd

Chartered Accountants

Suite 4A

Apex

33 Victoria Street

Altrincham

WA14 1AU

FIXED ASSETS

Tangible assets

4

9,600

9,680

Investment property

5

916,879

916,879

926,479

926,559

CURRENT ASSETS

Debtors

6

4,738

1,958

Cash at bank

7,280

5,911

12,018

7,869

CREDITORS

Amounts falling due within one year

7

(35,725

)

(30,088

)

NET CURRENT LIABILITIES

(23,707

)

(22,219

)

TOTAL ASSETS LESS CURRENT LIABILITIES

902,772

904,340

CREDITORS

Amounts falling due after more than one year

8

(886

)

(11,371

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

901,886

892,969

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

901,886

892,969

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

901,886

892,969

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.

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 19 August 2026 and were signed by:

Mr M Stone - Designated member

1.	STATUTORY INFORMATION

M20 Property 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.

Turnover

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

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings straight line over 125 years

Fixtures and fittings straight line over 5 years

Computers straight line over 5 years

Motor vehicles 25% reducing balance

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 (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2025

and 31 March 2026

10,000

7,926

4,030

21,956

DEPRECIATION

At 1 April 2025

320

7,926

4,030

12,276

Charge for year

80

-

-

80

At 31 March 2026

400

7,926

4,030

12,356

NET BOOK VALUE

At 31 March 2026

9,600

-

-

9,600

At 31 March 2025

9,680

-

-

9,680

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

916,879

NET BOOK VALUE

At 31 March 2026

916,879

At 31 March 2025

916,879

The designated members consider the above fair value to not be materially different from market value as at 31 March 2026.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

363

376

Prepayments and accrued income

4,375

1,582

4,738

1,958

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 9)

10,486

10,227

Trade creditors

3,549

3,246

Other creditors

18,840

14,515

Accrued expenses

2,850

2,100

35,725

30,088

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 9)

886

11,371

9.

LOANS

Included in bank loans and overdrafts is a unsecured loan amounting to £11,372 (2025: £21,598).

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2026

2025

£

£

Amounts owed to members in respect of profits

901,886

892,969

Falling due within one year

901,886

892,969

Loans and other debts due to members rank pari passu with unsecured creditors in the event of a winding up. There are no restrictions on the withdrawal of these funds, subject to the availability of liquid assets. Long-term member loans are unsecured, interest-free, and have no fixed repayment date.

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of M20 Property LLP for the year ended 31 March 2026 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of M20 Property LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M20 Property LLP and state those matters that we have agreed to state to the members of M20 Property LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M20 Property LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that M20 Property LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M20 Property LLP. You consider that M20 Property LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M20 Property LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bennett Brooks & Co Ltd

Chartered Accountants

Suite 4A

Apex

33 Victoria Street

Altrincham

WA14 1AU

19 August 2026