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REGISTERED NUMBER: OC426626 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

WHEATLANDS LODGE HOTEL LLP

WHEATLANDS LODGE HOTEL LLP (REGISTERED NUMBER: OC426626)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHEATLANDS LODGE HOTEL LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: Joyce Wheatley
Fiona Winn
Timothy Sean Winn





REGISTERED OFFICE: Lawrence House
James Nicolson Link
Clifton Moor
YORK
North Yorkshire
YO30 4WG





REGISTERED NUMBER: OC426626 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
Lawrence House
James Nicolson Link
Clifton Moor
York
North Yorkshire
YO30 4WG

WHEATLANDS LODGE HOTEL LLP (REGISTERED NUMBER: OC426626)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,993,516 1,993,911

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 5 35,641 42,366
Cash at bank and in hand 506,786 559,437
546,427 605,803
CREDITORS
Amounts falling due within one year 6 127,441 113,596
NET CURRENT ASSETS 418,986 492,207
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,412,502

2,486,118

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

2,412,502

2,486,118

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 2,412,502 2,486,118

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 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.

WHEATLANDS LODGE HOTEL LLP (REGISTERED NUMBER: OC426626)

BALANCE SHEET - continued
31 MARCH 2024


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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 27 November 2024 and were signed by:





Fiona Winn - Designated member

WHEATLANDS LODGE HOTEL LLP (REGISTERED NUMBER: OC426626)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Wheatlands Lodge 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not depreciated
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

INCOME RECOGNITION
Income from individual bookings is recognised on a receipts basis. Income from group bookings is recognised on an accruals basis.

TAXATION
Taxation on all of the LLP's profits is solely the personal liability of the individual members. Consequently neither taxation nor related deferred taxation arising in respect of the members are accounted for in these financial statements.

MEMBERS' REMUNERATION
A member's share in the profit or loss for the year is accounted for as an allocation of profits. In accordance with the members' agreement profits are deemed to be allocated when earned each year. Therefore there are no unallocated profits or losses at the year end. The member's share of profits is therefore, included as an expense in the profit and loss account.

WHEATLANDS LODGE HOTEL LLP (REGISTERED NUMBER: OC426626)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEE INFORMATION

The average number of employees during the year was 58 (2023 - 55 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 1,885,502 151,048 3,751 71,182 2,111,483
Additions - 13,587 - 31,350 44,937
Disposals - - - (26,830 ) (26,830 )
At 31 March 2024 1,885,502 164,635 3,751 75,702 2,129,590
DEPRECIATION
At 1 April 2023 - 82,077 1,793 33,702 117,572
Charge for year - 16,511 294 13,435 30,240
Eliminated on disposal - - - (11,738 ) (11,738 )
At 31 March 2024 - 98,588 2,087 35,399 136,074
NET BOOK VALUE
At 31 March 2024 1,885,502 66,047 1,664 40,303 1,993,516
At 31 March 2023 1,885,502 68,971 1,958 37,480 1,993,911

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,661 27,068
Other debtors - 547
Prepayments 21,980 14,751
35,641 42,366

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 25,155 20,997
VAT 33,501 35,904
Other creditors 1,097 800
Accrued expenses 67,688 55,895
127,441 113,596

WHEATLANDS LODGE HOTEL LLP (REGISTERED NUMBER: OC426626)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'.