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REGISTERED NUMBER: OC413840 (England and Wales)


















BAY VIEW RETREATS LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024






BAY VIEW RETREATS LLP (REGISTERED NUMBER: OC413840)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAY VIEW RETREATS LLP

GENERAL INFORMATION
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024







DESIGNATED MEMBERS: D N Jones
Mrs P E Arnold





REGISTERED OFFICE: MHA House Charter Court
Phoenix Way
Swansea Enterprise Park
Swansea
SA7 9FS





REGISTERED NUMBER: OC413840 (England and Wales)





ACCOUNTANTS: MHA
Chartered Accountants
MHA House
Charter Court
Swansea Enterprise Park
Swansea
SA7 9FS

BAY VIEW RETREATS LLP (REGISTERED NUMBER: OC413840)

BALANCE SHEET
30 JUNE 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 60,860

CURRENT ASSETS
Debtors: amounts falling due within one
year

6

14

6,464
Debtors: amounts falling due after more
than one year

6

-

150,164
Cash at bank 31,591 368,204
31,605 524,832
CREDITORS
Amounts falling due within one year 7 2,598 17,006
NET CURRENT ASSETS 29,007 507,826
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

29,007

568,686

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

29,007

568,686

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 29,007 568,686

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 30 June 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.

BAY VIEW RETREATS LLP (REGISTERED NUMBER: OC413840)

BALANCE SHEET - continued
30 JUNE 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 20 January 2025 and were signed by:





Mrs P E Arnold - Designated member

BAY VIEW RETREATS LLP (REGISTERED NUMBER: OC413840)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024


1. STATUTORY INFORMATION

Bay View Retreats LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the pound sterling (£) and have been rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
The LLP finances its working capital by utilising members funds. The Financial Statements have been prepared on a basis other than a going concern.

The members have stated the assets at recoverable amounts and the liabilities at settlement amounts.

Significant judgements and estimates
In the application of the LLP's accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors which are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only effects that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The following are the critical judgements that the members have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

Impairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the income statement.

Provisions and contingencies
Provisions are recognised when the LLP has a present obligation as a result of a past event and a reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent liabilities are disclosed unless a transfer of economic benefits is considered remote. Contingent assets are only disclosed if an inflow of economic benefits is probable.

Turnover and revenue recognition
Turnover represents the fair value of rents receivable during the year.

Revenue is recognised in the period to which it relates.

BAY VIEW RETREATS LLP (REGISTERED NUMBER: OC413840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024


3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

No depreciation has been charged on the Long Leasehold Properties.

Tangible fixed assets are measured at cost less depreciation.

Financial instruments
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Members' remuneration
Under the members' agreement, of which the LLP is a party, profits/(losses) are split between those that are automatically allocated to members and are in accordance with their profit shares.

Members automatic allocation of profits are treated as members remuneration charged as an expense.

Taxation
Taxation on all the LLP's profits is solely the personal liability of individual members and is not dealt with in these financial statements.

4. EMPLOYEE INFORMATION

The average number of employees during the period was 2 (2022 - 2 ) .

BAY VIEW RETREATS LLP (REGISTERED NUMBER: OC413840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold fittings Totals
£    £    £   
COST
At 1 January 2023 60,186 6,862 67,048
Disposals (60,186 ) (6,862 ) (67,048 )
At 30 June 2024 - - -
DEPRECIATION
At 1 January 2023 - 6,188 6,188
Charge for period - 674 674
Eliminated on disposal - (6,862 ) (6,862 )
At 30 June 2024 - - -
NET BOOK VALUE
At 30 June 2024 - - -
At 31 December 2022 60,186 674 60,860

6. DEBTORS
2024 2022
£    £   
Amounts falling due within one year:
Other debtors 14 6,464

Amounts falling due after more than one year:
Other debtors - 150,164

Aggregate amounts 14 156,628

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade creditors 262 12,944
Other creditors 2,336 4,062
2,598 17,006

BAY VIEW RETREATS LLP (REGISTERED NUMBER: OC413840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024


8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2022
£    £   
Amounts owed to members in respect of profits 29,007 568,686

Falling due within one year 29,007 568,686

The loans and other debts due to members rank parri passu with other creditors.

The loan from a member is repayable on demand and is interest free in accordance with the members' agreement.