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REGISTERED NUMBER: OC358621 (England and Wales)









Unaudited Financial Statements

for the Period 1 August 2023 to 31 March 2024

for

The Marchbank Hotel LLP

The Marchbank Hotel LLP (Registered number: OC358621)






Contents of the Financial Statements
for the Period 1 August 2023 to 31 March 2024




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


The Marchbank Hotel LLP

General Information
for the Period 1 August 2023 to 31 March 2024







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 March 2024

31.3.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 158,084 166,834
158,084 166,834

CURRENT ASSETS
Stocks 2,232 2,655
Debtors 965 -
Cash at bank 25,113 41,392
28,310 44,047
CREDITORS
Amounts falling due within one year 4,568 7,203
NET CURRENT ASSETS 23,742 36,844
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,826

203,678

CREDITORS
Amounts falling due after more than one
year

49,292

51,885
NET ASSETS ATTRIBUTABLE TO
MEMBERS

132,534

151,793

The Marchbank Hotel LLP (Registered number: OC358621)

Abridged Balance Sheet - continued
31 March 2024

31.3.24 31.7.23
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

132,434

151,693

MEMBERS' OTHER INTERESTS
Capital accounts 100 100
132,534 151,793

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 132,434 151,693
Members' other interests 100 100
132,534 151,793

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 period ended 31 March 2024.

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 period ended 31 March 2024 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 5 August 2024 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 Period 1 August 2023 to 31 March 2024

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.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 3 (2023 - 3 ) .

The Marchbank Hotel LLP (Registered number: OC358621)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 31 March 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 March 2024 42,859
AMORTISATION
At 1 August 2023
and 31 March 2024 42,859
NET BOOK VALUE

At 31 March 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 March 2024 256,988
DEPRECIATION
At 1 August 2023 90,154
Charge for period 8,750
At 31 March 2024 98,904
NET BOOK VALUE
At 31 March 2024 158,084
At 31 July 2023 166,834

6. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.24 31.7.23
£    £   
Loans from members 20,000 20,000
Amounts owed to members in respect of profits 112,434 131,693
132,434 151,693

Falling due within one year 132,434 151,693

Secured and Unsecured creditors rank ahead of members in respect of loans or other debts due to members.