MP Suites LLP

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—5

Report to the partners on the preparation of the unaudited statutory accounts of MP Suites LLP for the year ended 31 March 2026

To assist you to fulfil your duties under the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, I have prepared for your approval the accounts of MP Suites LLP which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the partnership’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made to the partners of MP Suites LLP, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of MP Suites LLP and state those matters that we have agreed to state to the partners of MP Suites LLP, as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MP Suites LLP and its partners as a body for our work or for this report.

It is your duty to ensure that MP Suites LLP has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of MP Suites LLP. You consider that MP Suites 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 accounts of MP Suites 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 financial statements.

30 June 2026

Krowe Accountants

Grafton House

Bulls Head Yard

Alcester

Warwickshire

B49 5BX

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MP Suites LLP

Balance Sheet

As At 31 March 2026

Balance Sheet

Registered number: OC373986

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		1,865,302		1,865,302

			1,865,302		1,865,302
CURRENT ASSETS
Debtors	5	266,860		202,591
Cash at bank and in hand		149,934		265,688

		416,794		468,279
Creditors: Amounts Falling Due Within One Year	6	(1,556,335 )		(1,607,820 )

NET CURRENT ASSETS (LIABILITIES)			(1,139,541 )		(1,139,541 )

TOTAL ASSETS LESS CURRENT LIABILITIES			725,761		725,761

NET ASSETS ATTRIBUTABLE TO MEMBERS			725,761		725,761

REPRESENTED BY:
Equity
Members' other interests
Other reserves		725,761		725,761

			725,761		725,761

TOTAL MEMBERS' INTEREST
Amounts due from members			(205,523)		(202,591)
Members' other interests			725,761		725,761

			520,238		523,170

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MP Suites 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 Michael Tracey

Designated Member

30 June 2026

The notes on pages 4 to 5 form part of these financial statements.

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MP Suites LLP

Notes to the Financial Statements

For The Year Ended 31 March 2026

Notes to the Financial Statements

1. General Information

MP Suites LLP is a limited liability partnership, incorporated in England & Wales, registered number OC373986 . The Registered Office is Chantry House High Street, Coleshill, Birmingham, B46 3BP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2. Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

the LLP has transferred the significant risks and rewards of ownership to the buyer;

the LLP retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

the amount of revenue can be measured reliably;

it is probable that the LLP will receive the consideration due under the transaction; and

the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

the amount of revenue can be measured reliably;

it is probable that the LLP will receive the consideration due under the contract;

the stage of completion of the contract at the end of the reporting period can be measured reliably; and

the costs incurred and the costs to complete the contract can be measured reliably.

2.3. Investment Properties

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

2.4. Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5. Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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MP Suites LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2025: NIL)

4. Investment Property

	2026
	£
Fair Value
As at 1 April 2025 and 31 March 2026	1,865,302

The property was valued at 31 March 2026 based on the members' estimate of open market value.

5. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	266,860	202,591

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	-	1,346
Amounts owed to group undertakings	1,494,998	1,594,998
Other creditors	61,337	-
Taxation and social security	-	11,476

	1,556,335	1,607,820

Amounts owed to related parties are unsecured, interest free and repayable on demand.

7. Related Party Transactions

At the year end the LLP owed Cannock SP Limited £1,494,998 (2025: £1,594,998).

8. Ultimate Controlling Party

There is no ultimate controlling party.

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