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REGISTERED NUMBER: OC349746 (England and Wales)











Report of the Members and

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

Boscombe Reef Retreat LLP

Boscombe Reef Retreat LLP (Registered number: OC349746)






Contents of the Financial Statements
for the Year Ended 31st March 2025




Page

General Information 1

Report of the Members 2

Balance Sheet 3

Notes to the Financial Statements 5


Boscombe Reef Retreat LLP

General Information
for the Year Ended 31st March 2025







DESIGNATED MEMBERS: Mrs T E Dundovic
W J Dundovic





REGISTERED OFFICE: Four Lanes Cottage
Beech Drive
Chineham
Basingstoke
Hampshire
RG24 8LR





REGISTERED NUMBER: OC349746 (England and Wales)





ACCOUNTANTS: Wheeler & Co Ltd
Chartered Accountants
The Shrubbery
14 Church Street
Whitchurch
Hampshire
RG28 7AB

Boscombe Reef Retreat LLP (Registered number: OC349746)

Report of the Members
for the Year Ended 31st March 2025

The members present their report with the financial statements of the LLP for the year ended 31st March 2025.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of holiday lettings.

DESIGNATED MEMBERS
The designated members during the year under review were:

Mrs T E Dundovic
W J Dundovic

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £195 (2024 - £6,394 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





W J Dundovic - Designated member


17th April 2025

Boscombe Reef Retreat LLP (Registered number: OC349746)

Balance Sheet
31st March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,540 2,990
Investment property 5 570,000 600,000
572,540 602,990

CREDITORS
Amounts falling due within one year 6 1,940 1,940
NET CURRENT LIABILITIES (1,940 ) (1,940 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

570,600

601,050

CREDITORS
Amounts falling due after more than one
year

7

2,090

7,652
NET ASSETS ATTRIBUTABLE TO
MEMBERS

568,510

593,398

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

370,671

365,559

MEMBERS' OTHER INTERESTS
Fair value reserve 9 197,839 227,839
568,510 593,398

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 370,671 365,559
Members' other interests 197,839 227,839
568,510 593,398

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 31st March 2025.

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.

Boscombe Reef Retreat LLP (Registered number: OC349746)

Balance Sheet - continued
31st March 2025


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 17th April 2025 and were signed by:





W J Dundovic - Designated member

Boscombe Reef Retreat LLP (Registered number: OC349746)

Notes to the Financial Statements
for the Year Ended 31st March 2025

1. STATUTORY INFORMATION

Boscombe Reef Retreat 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 as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2024
and 31st March 2025 24,505
DEPRECIATION
At 1st April 2024 21,515
Charge for year 450
At 31st March 2025 21,965
NET BOOK VALUE
At 31st March 2025 2,540
At 31st March 2024 2,990

Boscombe Reef Retreat LLP (Registered number: OC349746)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2024 600,000
Revaluations (30,000 )
At 31st March 2025 570,000
NET BOOK VALUE
At 31st March 2025 570,000
At 31st March 2024 600,000

Fair value at 31st March 2025 is represented by:
£   
Valuation in 2025 197,839
Cost 372,161
570,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 1,940 1,940

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 2,090 7,652

8. 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'.

9. RESERVES
Fair
value
reserve
£   
At 1st April 2024 227,839
Revaluation (30,000 )
At 31st March 2025 197,839