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REGISTERED NUMBER: SO305736 (Scotland)















Unaudited Financial Statements

for the Period 1 July 2023 to 31 March 2024

for

Central Guesthouse LLP

Central Guesthouse LLP (Registered number: SO305736)






Contents of the Financial Statements
for the Period 1 July 2023 to 31 March 2024




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Central Guesthouse LLP

General Information
for the Period 1 July 2023 to 31 March 2024







DESIGNATED MEMBERS: J A Grant
Mrs A James





REGISTERED OFFICE: 51 The Square
Kelso
Scottish Borders
TD5 7HF





REGISTERED NUMBER: SO305736 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Central Guesthouse LLP (Registered number: SO305736)

Statement of Financial Position
31 March 2024

31.3.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 3 203,118 204,563

CURRENT ASSETS
Cash at bank 53 1,687

CREDITORS
Amounts falling due within one year 4 17,554 17,246
NET CURRENT LIABILITIES (17,501 ) (15,559 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,617

189,004

CREDITORS
Amounts falling due after more than one
year

5

146,079

148,681
NET ASSETS ATTRIBUTABLE TO
MEMBERS

39,538

40,323

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

39,538

40,323

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 39,538 40,323

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.

Central Guesthouse LLP (Registered number: SO305736)

Statement of Financial Position - 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 14 May 2025 and were signed by:





J A Grant - Designated member

Central Guesthouse LLP (Registered number: SO305736)

Notes to the Financial Statements
for the Period 1 July 2023 to 31 March 2024

1. 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.

2. EMPLOYEE INFORMATION

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

3. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023
and 31 March 2024 199,433 7,695 207,128
DEPRECIATION
At 1 July 2023 - 2,565 2,565
Charge for period - 1,445 1,445
At 31 March 2024 - 4,010 4,010
NET BOOK VALUE
At 31 March 2024 199,433 3,685 203,118
At 30 June 2023 199,433 5,130 204,563

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.6.23
£    £   
Bank loans and overdrafts 14,107 14,100
Hire purchase contracts 686 1,686
Trade creditors 705 704
Other creditors 2,056 756
17,554 17,246

Central Guesthouse LLP (Registered number: SO305736)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 30.6.23
£    £   
Bank loans 143,269 145,871
Hire purchase contracts 2,810 2,810
146,079 148,681

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

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