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REGISTERED NUMBER: OC358621 (England and Wales)









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: R K Moore
Mrs C L Moore





REGISTERED OFFICE: Scots Dyke
Longtown
Cumbria
CA6 5XP





REGISTERED NUMBER: OC358621 (England and Wales)





ACCOUNTANTS: James W A Cruickshank & Co
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 5 166,834 176,022
166,834 176,022

CURRENT ASSETS
Stocks 2,655 2,655
Cash at bank 41,392 16,473
44,047 19,128
CREDITORS
Amounts falling due within one year 7,203 7,814
NET CURRENT ASSETS 36,844 11,314
TOTAL ASSETS LESS CURRENT
LIABILITIES

203,678

187,336

CREDITORS
Amounts falling due after more than one
year

51,885

56,313
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 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 July 2023.

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 22 November 2023 and were signed by:




R K Moore - Designated member




Mrs C L Moore - Designated member


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
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1995, is being amortised evenly over its estimated useful life of five years.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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 3 (2022 - 3 ) .

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 42,859
AMORTISATION
At 1 August 2022
and 31 July 2023 42,859
NET BOOK VALUE

At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 256,988
Additions 18,720
Disposals (18,720 )
At 31 July 2023 256,988
DEPRECIATION
At 1 August 2022 80,966
Charge for year 27,908
Eliminated on disposal (18,720 )
At 31 July 2023 90,154
NET BOOK VALUE
At 31 July 2023 166,834
At 31 July 2022 176,022

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.