MBO Partner 2 Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11384869 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

MBO PARTNER 2 LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Parlett

A W J Cundall

G Anderson

T Beeston

M Shaw

REGISTERED OFFICE:

Sterling House

Maple Court

Maple Road

Tankersley

S75 3DP

REGISTERED NUMBER:

11384869 (England and Wales)

SENIOR STATUTORY AUDITOR:

Andrew Throssell FCA

AUDITORS:

Hebblethwaites

Chartered Accountants & Statutory Auditors

2 Westbrook Court

Sharrow Vale Road

Sheffield

S11 8YZ

FIXED ASSETS

Investments

4

1,683

1,683

CURRENT ASSETS

Debtors

5

894

327

Cash in hand

100

100

994

427

CREDITORS

Amounts falling due within one year

6

1,917

1,766

NET CURRENT LIABILITIES

(923

)

(1,339

)

TOTAL ASSETS LESS CURRENT LIABILITIES

760

344

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

660

244

760

344

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 June 2021 and were signed on its behalf by:

M Shaw - Director

1.	STATUTORY INFORMATION

MBO Partner 2 Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

At the date of approval of these financial statements, the global pandemic of the novel coronavirus, COVID-19, creates an underlying uncertainty for any business entity.

At this stage, the possible medium to long term impact of the virus on the company are unknown and cannot be forecast with any certainty.

As such, whilst the company is taking whatever action is seen to be appropriate and is in accordance with Government guidelines, there remains a material inherent uncertainty as to the ability of the company to continue as a going concern. The potential impact of the virus is entirely unknown.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Preparation of consolidated financial statements

The financial statements contain information about MBO Partner 2 Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, MBO Partner 1 Ltd, .

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

In the opinion of management, there are no judgement or key sources of estimation uncertainty that have a significant impact on the financial statement.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at the market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2019

and 30 September 2020

1,683

NET BOOK VALUE

At 30 September 2020

1,683

At 30 September 2019

1,683

The Company's investments at the balance sheet date in the equity of LLPs include the following:

A Shade Greener Tankersley LLP

Country of incorporation: England & Wales

Nature of business: Holding company

Holding

00.01%

Total members' interests

£110,815,693

Profit/(loss) for the year

(£5,185,265

)

A Shade Greener Member LLP

Country of incorporation: England & Wales

Nature of business: Holding company

Holding

00.01%

Total members' interests

£23,259

Profit/(loss) for the year

(£113

)

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Other debtors

894

327

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Taxation and social security

98

57

Other creditors

1,819

1,709

1,917

1,766

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor, dated 1 June 2021, was unqualified.

Andrew Throssell FCA (Senior Statutory Auditor)

For and on behalf of Hebblethwaites

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is MBO Partner 1 Limited. The address of the registered office is Sterling House, Maple Court, Maple Road, Tankersley, S75 3DP