IRIS Accounts Production v25.1.3.33 OC392527 designated member designated member 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3925272023-12-31OC3925272024-12-31OC3925272024-01-012024-12-31OC3925272022-12-31OC3925272023-01-012023-12-31OC3925272023-12-31OC392527ns15:EnglandWales2024-01-012024-12-31OC392527ns14:PoundSterling2024-01-012024-12-31OC392527ns10:PartnerLLP12024-01-012024-12-31OC392527ns10:PartnerLLP22024-01-012024-12-31OC392527ns10:LimitedLiabilityPartnershipLLP2024-01-012024-12-31OC392527ns10:SmallEntities2024-01-012024-12-31OC392527ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-31OC392527ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-31OC392527ns10:LimitedLiabilityPartnershipsSORP2024-01-012024-12-31OC392527ns10:FullAccounts2024-01-012024-12-31OC39252712024-01-012024-12-31OC392527ns10:RegisteredOffice2024-01-012024-12-31OC392527ns5:CurrentFinancialInstruments2024-12-31OC392527ns5:CurrentFinancialInstruments2023-12-31OC392527ns5:NetGoodwill2024-01-012024-12-31OC392527ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-31OC392527ns5:PatentsTrademarksLicencesConcessionsSimilar2024-01-012024-12-31OC392527ns5:PlantMachinery2024-01-012024-12-31OC392527ns5:NetGoodwill2023-12-31OC392527ns5:IntangibleAssetsOtherThanGoodwill2023-12-31OC392527ns5:NetGoodwill2024-12-31OC392527ns5:IntangibleAssetsOtherThanGoodwill2024-12-31OC392527ns5:NetGoodwill2023-12-31OC392527ns5:IntangibleAssetsOtherThanGoodwill2023-12-31OC392527ns5:LandBuildings2023-12-31OC392527ns5:PlantMachinery2023-12-31OC392527ns5:LandBuildings2024-01-012024-12-31OC392527ns5:LandBuildings2024-12-31OC392527ns5:PlantMachinery2024-12-31OC392527ns5:LandBuildings2023-12-31OC392527ns5:PlantMachinery2023-12-31OC392527ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-12-31OC392527ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31
REGISTERED NUMBER: OC392527 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Coronet Ondine LLP

Coronet Ondine LLP (Registered number: OC392527)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Coronet Ondine LLP

General Information
for the Year Ended 31 December 2024







DESIGNATED MEMBERS: Mr W T Winters
Mrs A B Winters





REGISTERED OFFICE: The Coronet Cinema
103 Notting Hill Gate
London
W11 3LB





REGISTERED NUMBER: OC392527 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Coronet Ondine LLP (Registered number: OC392527)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 10,702,306 10,761,817
10,702,307 10,761,818

CURRENT ASSETS
Stocks 5,913 5,131
Debtors 6 961,988 877,151
Cash at bank and in hand 12,593 33,571
980,494 915,853
CREDITORS
Amounts falling due within one year 7 (12,801 ) (7,671 )
NET CURRENT ASSETS 967,693 908,182
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 11,670,000 11,670,000

LOANS AND OTHER DEBTS DUE TO MEMBERS - -

MEMBERS' OTHER INTERESTS
Capital accounts 11,670,000 11,670,000
11,670,000 11,670,000

TOTAL MEMBERS' INTERESTS
Members' other interests 11,670,000 11,670,000
Amounts due from members 6 (914,558 ) (840,657 )
10,755,442 10,829,343

Coronet Ondine LLP (Registered number: OC392527)

Balance Sheet - continued
31 December 2024


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 31 December 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.

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 23 May 2025 and were signed by:




Mr W T Winters - Designated member




Mrs A B Winters - Designated member


Coronet Ondine LLP (Registered number: OC392527)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Coronet Ondine 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 (£).


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.

The accounts are prepared on a going concern basis as in the opinion of the members the LLP has sufficient finance available to it to meet its obligations as they fall due for the foreseeable future, that is at least 12 months from the date of approval of the accounts.

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 that 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 affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The LLP's key source of estimation uncertainty relates to the estimated useful life and residual value of its property 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 10% on cost

Freehold buildings are depreciated to expected residual value over their estimated useful life of 30 years. Where the LLP applies a policy of regular maintenance to buildings where it is unlikely that technological or economic obsolescence will occur and the future residual value is unlikely to be less than the original cost, no depreciation is charged in respect of the buildings.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Coronet Ondine LLP (Registered number: OC392527)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 1 5 6
AMORTISATION
At 1 January 2024
and 31 December 2024 - 5 5
NET BOOK VALUE
At 31 December 2024 1 - 1
At 31 December 2023 1 - 1

During 2014 the LLP acquired the trade and assets of the Coronet Cinema.

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 10,326,099 1,268,802 11,594,901
Additions - 51,291 51,291
Disposals - (21,051 ) (21,051 )
At 31 December 2024 10,326,099 1,299,042 11,625,141
DEPRECIATION
At 1 January 2024 - 833,084 833,084
Charge for year - 110,802 110,802
Eliminated on disposal - (21,051 ) (21,051 )
At 31 December 2024 - 922,835 922,835
NET BOOK VALUE
At 31 December 2024 10,326,099 376,207 10,702,306
At 31 December 2023 10,326,099 435,718 10,761,817

Coronet Ondine LLP (Registered number: OC392527)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 22,924 15,362
Other debtors 939,064 861,789
961,988 877,151

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 11,972 6,595
Taxation and social security - 321
Other creditors 829 755
12,801 7,671

8. ULTIMATE CONTROLLING PARTY

Mr W T Winters and Mrs A B Winters control the LLP.