Registered number:
OC440314
The Offshore Holiday Cottages LLP
Filleted Accounts
5 April 2025
MAT & CO
ACCOUNTANCY SERVICES LTD
Chartered Certified Accountants
Registered Auditors
264 High Street
Beckenham
Kent
BR3 1DZ
The Offshore Holiday Cottages LLP
Report and accounts
Contents
Page
Balance sheet 2
Notes to the accounts 3 to 5
The Offshore Holiday Cottages LLP
Registered number: OC440314
Balance Sheet
as at 5 April 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 748,358 754,304
Creditors: amounts falling due within one year 4 (1,372) (1,012)
Net current liabilities (1,372) (1,012)
Total assets less current liabilities 746,986 753,292
Net assets attributable to members 746,986 753,292
Represented by:
Members' other interests
Members' capital classified as equity 717,587 772,831
Other reserves 29,399 (19,539)
746,986 753,292
746,986 753,292
Total members' interests
Members' other interests 746,986 753,292
746,986 753,292
For the year ended 5 April 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 10 July 2025 and signed on their behalf by:
_____________________________________________
Mr. Stephen Dunsire
Designated member
The Offshore Holiday Cottages LLP
Notes to the Accounts
for the year ended 5 April 2025
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings No depreciation provided.
Fixtures, fittings, tools and equipment 20% reducing balance method.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2025 2024
Number Number
Average number of persons employed by the LLP 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 6 April 2024 724,576 37,160 761,736
At 5 April 2025 724,576 37,160 761,736
Depreciation
At 6 April 2024 - 7,432 7,432
Charge for the year - 5,946 5,946
At 5 April 2025 - 13,378 13,378
Net book value
At 5 April 2025 724,576 23,782 748,358
At 5 April 2024 724,576 29,728 754,304
4 Creditors: amounts falling due within one year 2025 2024
£ £
Other creditors 1,372 1,012
5 Other information
The Offshore Holiday Cottages LLP is a limited liability partnership incorporated in England. Its registered office is:
50 The Avenue
Sheringham
Norfolk
NR26 8DQ
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