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REGISTERED NUMBER: OC400712 (England and Wales)














Unaudited Financial Statements

for the Period 31 July 2023 to 31 March 2024

for

Bankes Arms Hotel LLP

Bankes Arms Hotel LLP (Registered number: OC400712)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bankes Arms Hotel LLP

General Information
for the Period 31 July 2023 to 31 March 2024







DESIGNATED MEMBERS: G Pitcher
Mrs C A Adams





REGISTERED OFFICE: 23 East Street
Corfe Castle
Wareham
Dorset
BH20 5ED





REGISTERED NUMBER: OC400712 (England and Wales)





ACCOUNTANTS: Ward Goodman
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Bankes Arms Hotel LLP (Registered number: OC400712)

Balance Sheet
31 March 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,680 84,136

CURRENT ASSETS
Stocks 5 5,148 5,148
Debtors 6 355,429 199,977
Prepayments and accrued income 3,750 3,750
Cash at bank and in hand 2,721 80,919
367,048 289,794
CREDITORS
Amounts falling due within one year 7 381,561 309,347
NET CURRENT LIABILITIES (14,513 ) (19,553 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,167

64,583

CREDITORS
Amounts falling due after more than one year 8 54,167 64,583
NET LIABILITIES ATTRIBUTABLE TO
MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

TOTAL MEMBERS' INTERESTS
Amounts due from members 6 (354,165 ) (195,455 )

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.

Bankes Arms Hotel LLP (Registered number: OC400712)

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 30 January 2025 and were signed by:





G Pitcher - Designated member

Bankes Arms Hotel LLP (Registered number: OC400712)

Notes to the Financial Statements
for the Period 31 July 2023 to 31 March 2024

1. STATUTORY INFORMATION

Bankes Arms 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.
Leasehold - 10% on cost
Improvements to property - 10% on cost
Equipment - 20% on cost
Fixtures and fittings - 10% on cost
Office equipment - 20% on cost

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.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 23 (2023 - 21 ) .

Bankes Arms Hotel LLP (Registered number: OC400712)

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

4. TANGIBLE FIXED ASSETS
Improvements
to
Leasehold property Equipment
£    £    £   
COST
At 31 July 2023 26,148 184,993 86,132
Additions - - -
At 31 March 2024 26,148 184,993 86,132
DEPRECIATION
At 31 July 2023 17,367 118,270 85,101
Charge for period 1,743 12,333 368
At 31 March 2024 19,110 130,603 85,469
NET BOOK VALUE
At 31 March 2024 7,038 54,390 663
At 30 July 2023 8,781 66,723 1,031

Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 31 July 2023 15,922 7,582 320,777
Additions 116 - 116
At 31 March 2024 16,038 7,582 320,893
DEPRECIATION
At 31 July 2023 8,500 7,403 236,641
Charge for period 1,068 60 15,572
At 31 March 2024 9,568 7,463 252,213
NET BOOK VALUE
At 31 March 2024 6,470 119 68,680
At 30 July 2023 7,422 179 84,136

5. STOCKS
2024 2023
as restated
£    £   
Stocks 5,148 5,148

Bankes Arms Hotel LLP (Registered number: OC400712)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 664 2,224
Amounts due from members 354,165 195,455
Other debtors 600 2,298
355,429 199,977

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts (see note 9) 25,000 25,000
Trade creditors 76,541 60,127
Social security and other taxes 22,429 61,419
Net wages due 7,391 9,053
VAT 244,712 90,404
Other creditors 5,488 63,344
381,561 309,347

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Bank loans (see note 9) 54,167 64,583

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
as restated
£    £   
Amounts falling due within one year or on demand:
Bank loans - less than 1 yr 25,000 25,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 54,167 64,583