Mentor Inns LLP

(Registration number: OC306219)
Balance Sheet as at 31 December 2024

The financial statements of Mentor Inns LLP (registered number OC306219) were approved by the Board and authorised for issue on 22 September 2025. They were signed on behalf of the limited liability partnership by:

......................................... J R Davy Designated member

Mentor Inns LLP

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

1	Accounting policies

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.

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 the United Kingdom under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Financial Reporting Standard 102 (FRS 102) issued by the Financial Reporting Council and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships (issued January 2017).

The functional currency of Mentor Inns LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates.

Members' remuneration and division of profits

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.

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.

Mentor Inns LLP

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Financial instruments

The LLP only has basic financial assets and liabilities and does not enter into financing transactions. They are measured initially at transaction price and subsequently at amoritised cost, being transaction price less amounts settled (in respect of debtors) and any impairment losses.

Mentor Inns LLP

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

2	Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 2 (2023 - 2).

3

Debtors

	2024  £	2023  £
Other debtors	17,665	19,874
	17,665	19,874

4	Creditors: Amounts falling due within one year

	2024  £	2023  £
Trade creditors	95	86
Accruals and deferred income	88	88
Other creditors	5,350	5,350
	5,533	5,524