Quintor (UK) LLP OC321519 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is Caravan & Leisure Parks Digita Accounts Production Advanced 6.30.9574.0 true OC321519 2024-04-01 2025-03-31 OC321519 2025-03-31 OC321519 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 OC321519 bus:SmallEntities 2024-04-01 2025-03-31 OC321519 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 OC321519 bus:FilletedAccounts 2024-04-01 2025-03-31 OC321519 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC321519 bus:PartnerLLP2 2024-04-01 2025-03-31 OC321519 bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC321519 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 OC321519 core:MotorVehicles 2024-04-01 2025-03-31 OC321519 core:PlantMachinery 2024-04-01 2025-03-31 OC321519 countries:AllCountries 2024-04-01 2025-03-31 OC321519 2023-04-01 2024-03-31 OC321519 2024-03-31 OC321519 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 xbrli:pure iso4217:GBP

Registration number: OC321519

Quintor (UK) LLP

Filleted Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Quintor (UK) LLP

(Registration number: OC321519)
Balance Sheet as at 31 March 2025

Note

2025
 £

2024
 £

Fixed assets

 

Tangible assets

3

4,042,606

2,843,622

Investment property

4

-

1,005,000

Investments

5

10,000

10,000

 

4,052,606

3,858,622

Current assets

 

Stocks

667,848

683,409

Debtors

6

1,650,409

1,645,426

Cash and short-term deposits

 

117,427

82,880

 

2,435,684

2,411,715

Creditors: Amounts falling due within one year

7

(4,616,167)

(4,157,164)

Net current liabilities

 

(2,180,483)

(1,745,449)

Total assets less current liabilities

 

1,872,123

2,113,173

Creditors: Amounts falling due after more than one year

8

(11,667)

(21,667)

Net assets attributable to members

 

1,860,456

2,091,506

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

1,490,455

1,555,613

Equity

 

Members' capital classified as equity

 

370,001

370,001

Fair value reserve

 

-

165,892

 

370,001

535,893

   

1,860,456

2,091,506

 

Quintor (UK) LLP

(Registration number: OC321519)
Balance Sheet as at 31 March 2025

For the year ending 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of Quintor (UK) LLP (registered number OC321519) were approved by the
Board and authorised for issue on 31 July 2025. They were signed on behalf of the limited liability partnership by:

.
Quintor (Homes) Limited
Designated member


 

 

Quintor (UK) LLP

Statement of Changes in Members’ Interests
At 31 March 2025

 

Equity

 

Loans and other debts due to/(from) members

 

Members' capital
£

Fair value reserve
£

Other reserves
£

Total
£

Members' capital classified as a liability
£

Members' debtor
£

Total
2025
 £

Members' interest at 1 April 2024

370,001

165,892

-

535,893

1,555,613

(1,244,374)

847,132

Profit for the financial year available for discretionary division among members

-

-

27,830

27,830

-

-

27,830

Release of fair value of investment property

-

(165,892)

-

(165,892)

-

-

(165,892)

Members' interests after total comprehensive income

370,001

-

27,830

397,831

1,555,613

(1,244,374)

709,070

Other divisions of profits/losses

-

-

(27,830)

(27,830)

-

27,830

-

Other movements

-

-

-

-

(65,158)

-

(65,158)

 
 

Members' interest at 31 March 2025

370,001

-

-

370,001

1,490,455

(1,216,544)

643,912

 
 

Quintor (UK) LLP

Statement of Changes in Members’ Interests
At 31 March 2025

 

Equity

 

Loans and other debts due to/(from) members

 

Members' capital
£

Revaluation reserve
£

Other reserves
£

Total
£

Members' capital classified as a liability
£

Members' debtor
£

Total
2024
£

Members' interest at 1 April 2023

370,001

165,892

-

535,893

1,578,753

(1,134,939)

979,707

Loss for the financial year available for discretionary division among members

-

-

(109,435)

(109,435)

-

-

(109,435)

Other divisions of losses

-

-

109,435

109,435

-

(109,435)

-

Other movements

-

-

-

-

(23,140)

-

(23,140)

 
 

Members' interest at 31 March 2024

370,001

165,892

-

535,893

1,555,613

(1,244,374)

847,132

 
 

Quintor (UK) LLP

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

1

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England under the Limited Liability Partnership Act 2000. The address of the registered office is:

Raywell Hall Country Lodge Park
Management Building
Riplingham Road
Raywell
Cottingham
East Yorkshire
HU16 5YL

Registered number: OC321519

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for development property sales in the ordinary course of the company's activities. Turnover is shown net of value added tax.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

 

Quintor (UK) LLP

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

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% per annum on cost / 75% on cost over 15 years

Fixtures, fittings and equipment

33.33% per annum on cost

Motor vehicles

20% per annum on cost

Investment properties

Investment property is carried at fair value, derived from current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in nature, location or condition of the specific asset. Changes in fair value are recognised in the Profit and Loss Account.

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Loan finance has been used solely for the construction of lodges and as such, borrowing costs have been included within the calculation of work in progress and apportioned to each lodge accordingly.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise of amounts being held in the bank current account and cash on hand balances. They are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. Trade creditors are recognised at the transaction price.

 

Quintor (UK) LLP

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

Hire purchase and leasing

Assets held for use in operating leases are included as a separate category in fixed assets at cost and are not depreciated.

Rental income from operating leases is recognised on a straight line basis over the term of the lease.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

Pensions and other post retirement obligations

A defined contribution plan is a pension under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. If contribution payments are owed to the scheme then the amount owed is recognised as an other creditor.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 40 (2024 - 31).

 

Quintor (UK) LLP

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

3

Tangible fixed assets

Plant and machinery
£

Fixtures, fittings and equipment
£

Motor vehicles
£

Total
£

Cost

At 1 April 2024

3,345,732

15,408

17,990

3,379,130

Additions

1,439,265

-

-

1,439,265

At 31 March 2025

4,784,997

15,408

17,990

4,818,395

Depreciation

At 1 April 2024

503,646

14,472

17,390

535,508

Charge for the year

239,145

936

200

240,281

At 31 March 2025

742,791

15,408

17,590

775,789

Net book value

At 31 March 2025

4,042,206

-

400

4,042,606

At 31 March 2024

2,842,086

936

600

2,843,622

4

Investment property

Investment property comprised of lodges which were kept by the LLP to generate rental income and freehold land interest. The value capitalised is equivalent to the sales price which would be achieved for a similar lodge on the park.These were transferred to tangible fixed assets during the year.

At the balance sheet date the total value of investment properties, inclusive of freehold land interest, is £Nil (2024 - £1,005,000).

 

Quintor (UK) LLP

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

5

Investments held as fixed assets

2025
£

2024
£

Other investments

10,000

10,000

Other investments

Unlisted investments
£

Total
£

Cost

At 1 April 2024

10,000

10,000

At 31 March 2025

10,000

10,000

Net book value

At 31 March 2025

10,000

10,000

At 31 March 2024

10,000

10,000

6

Debtors

2025
 £

2024
 £

Trade debtors

199,778

173,745

Amounts owed by undertakings in which the LLP has a participating interest

116,850

115,624

Other debtors

1,322,723

1,348,809

Prepayments and accrued income

11,058

7,248

1,650,409

1,645,426

£39,850 (2023 - £39,850) of other debtors are classified as non-current.

 

Quintor (UK) LLP

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

7

Creditors: Amounts falling due within one year

2025
 £

2024
 £

Trade creditors

57,626

58,893

Other creditors

4,382,891

3,946,346

Accruals and deferred income

70,829

65,738

Taxation and social security

104,821

86,187

4,616,167

4,157,164

8

Creditors: Amounts falling due after more than one year

2025
£

2024
£

Bank loans and overdrafts

11,667

21,667

9

Related party transactions

Summary of transactions with members

Quintor (Homes) Limited
Longthorp (Kilpin) Limited
Quintor (Homes Limited and Longthorp (Kilpin) Limited are member companies of Quintor (UK) LLP. At the balance sheet date Quintor (UK) LLP owed Quintor (Homes) Limited £273,905 (2024 - £311,234). Interest is not charged on this balance. At the balance sheet date Quintor (UK) LLP owed Longthorp (Kilpin) Limited £4,048,007 (2024 - £3,643,007). Interest is charged at 2.5% over base rate on this balance.

Summary of transactions with other related parties

E C Estates Limited
Quintor (UK) LLP has made a loan to E C Estates Limited, a company in which they hold a 50% interest. The balance on this loan at the year end is £116,850 (2024 - £115,624). Of this balance £39,850 (2024 - £39,850) is repayable after more than one year. Interest is not charged on this balance.