Lunar Serviced Accommodation LLP OC417125 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is Property Investment Digita Accounts Production Advanced 6.30.9574.0 OC417125 2023-05-01 2024-04-30 OC417125 2024-04-30 OC417125 core:OtherReservesSubtotal 2024-04-30 OC417125 core:RevaluationReserve 2024-04-30 OC417125 core:CurrentFinancialInstruments 2024-04-30 OC417125 core:Non-currentFinancialInstruments 2024-04-30 OC417125 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 OC417125 core:WithinOneYear 2024-04-30 OC417125 bus:SmallEntities 2023-05-01 2024-04-30 OC417125 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 OC417125 bus:FullAccounts 2023-05-01 2024-04-30 OC417125 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 OC417125 bus:RegisteredOffice 2023-05-01 2024-04-30 OC417125 bus:PartnerLLP1 2023-05-01 2024-04-30 OC417125 bus:PartnerLLP2 2023-05-01 2024-04-30 OC417125 bus:PartnerLLP3 2023-05-01 2024-04-30 OC417125 bus:LimitedLiabilityPartnershipLLP 2023-05-01 2024-04-30 OC417125 countries:AllCountries 2023-05-01 2024-04-30 OC417125 2022-05-01 2023-04-30 OC417125 2023-04-30 OC417125 core:OtherReservesSubtotal 2023-04-30 OC417125 core:RevaluationReserve 2023-04-30 OC417125 core:CurrentFinancialInstruments 2023-04-30 OC417125 core:Non-currentFinancialInstruments 2023-04-30 OC417125 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 OC417125 core:WithinOneYear 2023-04-30 iso4217:GBP xbrli:pure

Registration number: OC417125

Lunar Serviced Accommodation LLP

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Lunar Serviced Accommodation LLP

Contents

Limited liability partnership information

1

Financial Statements

2 to 6

Balance Sheet

2

Notes to the Financial Statements

4

 

Lunar Serviced Accommodation LLP

Limited liability partnership information

Designated members

Endersby Group Limited

Mr Richard Patrick Endersby

Mrs Nicola Helen Endersby
 

Registered office

12 Bluebell Drive
Spennymoor
Durham
DL16 7YA

Accountants

RiverView Portfolio Limited
1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Lunar Serviced Accommodation LLP

(Registration number: OC417125)
Balance Sheet as at 30 April 2024

Note

2024
 £

2023
 £

Fixed assets

 

Investment property

3

305,000

250,000

Current assets

 

Debtors

4

330

322

Cash and short-term deposits

 

272

2,385

 

602

2,707

Creditors: Amounts falling due within one year

5

(10,973)

(11,500)

Net current liabilities

 

(10,371)

(8,793)

Total assets less current liabilities

 

294,629

241,207

Creditors: Amounts falling due after more than one year

6

(103,812)

(110,647)

Net assets attributable to members

 

190,817

130,560

Represented by:

 

Members’ other interests

 

Members' capital classified as equity

 

96,517

92,237

Revaluation reserve

 

86,723

31,723

Other reserves

 

7,577

6,600

 

190,817

130,560

   

190,817

130,560

Total members' interests

 

Equity

 

190,817

130,560

   

190,817

130,560

For the year ending 30 April 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

 

Lunar Serviced Accommodation LLP

(Registration number: OC417125)
Balance Sheet as at 30 April 2024 (continued)

The financial statements of Lunar Serviced Accommodation LLP (registered number OC417125) were approved by the Board and authorised for issue on 6 December 2024. They were signed on behalf of the limited liability partnership by:

.........................................
Mr Richard Patrick Endersby
Designated member

.........................................
Mrs Nicola Helen Endersby
Designated member

 

Lunar Serviced Accommodation LLP

Notes to the Financial Statements for the Year Ended 30 April 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.These financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 105 - 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

General information and basis of accounting

The limited liability partnership is incorporated in under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

other taxes policy

 

Lunar Serviced Accommodation LLP

Notes to the Financial Statements for the Year Ended 30 April 2024 (continued)

1

Accounting policies (continued)

Investment properties

Investment properties for which fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with any change recognised in the profit and loss account.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

Current versus non-current classification

Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

In the limited liability partnership balance sheet, investments in subsidiaries and associates are measured at cost less impairment.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 0 (2023 - 0).

 

Lunar Serviced Accommodation LLP

Notes to the Financial Statements for the Year Ended 30 April 2024 (continued)

3

Investment property

2024
 £

Additions

218,277

Fair value adjustments

86,723

At 30 April

305,000

There has been no valuation of investment property by an independent valuer.

4

Debtors

2024
 £

2023
 £

Prepayments and accrued income

330

322

Total current trade and other debtors

330

322

5

Creditors: Amounts falling due within one year

2024
 £

2023
 £

Trade creditors

-

36

Other creditors

9,739

10,230

Accruals and deferred income

1,234

1,234

10,973

11,500

6

Creditors: Amounts falling due after more than one year

2024
 £

2023
 £

Bank loans and overdrafts

103,812

110,647

7

Control

The ultimate controlling party is the same as the controlling party.