MRNJ Properties LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC432671

		29 March 2025		29 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,250,255		2,250,255

			2,250,255		2,250,255
CURRENT ASSETS
Debtors	5	163,274		24,614

		163,274		24,614
Creditors: Amounts Falling Due Within One Year	6	(1,380 )		(2,999 )

NET CURRENT ASSETS (LIABILITIES)			161,894		21,615

TOTAL ASSETS LESS CURRENT LIABILITIES			2,412,149		2,271,870

Creditors: Amounts Falling Due After More Than One Year	7		(1,096,433 )		(956,154 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			1,315,716		1,315,716

REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability		1,315,716		1,315,716

			1,315,716		1,315,716

			1,315,716		1,315,716

TOTAL MEMBERS' INTEREST
Amounts due from members			(62,622)		(22,092)
Loans and other debts due to members within one year			1,315,716		1,315,716

			1,253,094		1,293,624

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MRNJ Properties LLP

Balance Sheet (continued)

As At 29 March 2025

For the year ending 29 March 2025 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

Ross Barrie Mackay

Designated Member

2 July 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

MRNJ Properties LLP is a limited liability partnership, incorporated in England & Wales, registered number OC432671 . The Registered Office is 46 Coatham Road, Redcar, TS10 1RS.

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

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:

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: 2 (2024: 2)

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MRNJ Properties LLP

Notes to the Financial Statements (continued)

For The Year Ended 29 March 2025

4. Tangible Assets

	Investment Properties
	£
Cost
As at 30 March 2024	2,250,255

As at 29 March 2025	2,250,255

Net Book Value
As at 29 March 2025	2,250,255

As at 30 March 2024	2,250,255

5. Debtors

	29 March 2025	29 March 2024
	£	£
Due within one year
Prepayments and accrued income	9,854	1,223
Other debtors	90,798	1,299
Amounts due from members	62,622	22,092

	163,274	24,614

6. Creditors: Amounts Falling Due Within One Year

	29 March 2025	29 March 2024
	£	£
Trade creditors	-	1,274
Accruals and deferred income	1,380	1,725

	1,380	2,999

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

	29 March 2025	29 March 2024
	£	£
Bank loans	1,096,433	956,154

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MRNJ Properties LLP

Notes to the Financial Statements (continued)

For The Year Ended 29 March 2025

8. Secured Creditors

Of the creditors the following amounts are secured.

	29 March 2025		29 March 2024
	£		£
Bank loans and overdrafts	1,096,433		956,154

9. Related Party Transactions

Includes in creditors falling due within one year is an amount of £90,798 owed to partners. The amount is interest free and repayable on demand .

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