REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 July 2023 |
for |
The Marchbank Hotel LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 July 2023 |
for |
The Marchbank Hotel LLP |
The Marchbank Hotel LLP (Registered number: OC358621) |
Contents of the Financial Statements |
for the Year Ended 31 July 2023 |
Page |
General Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
The Marchbank Hotel LLP |
General Information |
for the Year Ended 31 July 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Chartered Tax Advisers |
Inglewood |
Wreay |
Carlisle |
Cumbria |
CA4 0RL |
The Marchbank Hotel LLP (Registered number: OC358621) |
Abridged Balance Sheet |
31 July 2023 |
31.7.23 | 31.7.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
151,793 |
131,023 |
The Marchbank Hotel LLP (Registered number: OC358621) |
Abridged Balance Sheet - continued |
31 July 2023 |
31.7.23 | 31.7.22 |
Notes | £ | £ | £ | £ |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
6 |
151,693 |
130,923 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 100 | 100 |
151,793 | 131,023 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 6 | 151,693 | 130,923 |
Members' other interests | 100 | 100 |
151,793 | 131,023 |
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. |
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 |
The Marchbank Hotel LLP (Registered number: OC358621) |
Notes to the Financial Statements |
for the Year Ended 31 July 2023 |
1. | STATUTORY INFORMATION |
The Marchbank Hotel 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 |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
The Marchbank Hotel LLP (Registered number: OC358621) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2023 |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 August 2022 |
and 31 July 2023 |
AMORTISATION |
At 1 August 2022 |
and 31 July 2023 |
NET BOOK VALUE |
At 31 July 2023 |
At 31 July 2022 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 August 2022 |
Additions |
Disposals | ( |
) |
At 31 July 2023 |
DEPRECIATION |
At 1 August 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 July 2023 |
NET BOOK VALUE |
At 31 July 2023 |
At 31 July 2022 |
The Marchbank Hotel LLP (Registered number: OC358621) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2023 |
5. | TANGIBLE FIXED ASSETS - continued |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Totals |
£ |
COST |
At 1 August 2022 | 18,720 |
Disposals | (18,720 | ) |
At 31 July 2023 | - |
DEPRECIATION |
At 1 August 2022 | 18,720 |
Eliminated on disposal | (18,720 | ) |
At 31 July 2023 | - |
NET BOOK VALUE |
At 31 July 2023 | - |
At 31 July 2022 | - |
6. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
31.7.23 | 31.7.22 |
£ | £ |
Loans from members | 20,000 | 20,000 |
Amounts owed to members in respect of profits | 131,693 | 110,923 |
151,693 | 130,923 |
Falling due within one year | 151,693 | 130,923 |
Secured and Unsecured creditors rank ahead of members in respect of loans or other debts due to members. |