REGISTERED NUMBER: OC343530 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

COURTYARD HOUSE LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr Y M I Bhailok

Mr A Y Bhailok

REGISTERED OFFICE:

Haighton House

Cow Hill

Haighton

Preston

Lancashire

PR2 5SJ

REGISTERED NUMBER:

OC343530 (England and Wales)

ACCOUNTANTS:

Streets Turner Limited

Chartered Accountants

9 Victoria Rd

Fulwood

Preston

Lancashire

PR2 8ND

FIXED ASSETS

Tangible assets

4

544,516

544,516

CURRENT ASSETS

Debtors

5

504,612

326,448

Cash at bank

28,375

63,014

532,987

389,462

CREDITORS

Amounts falling due within one year

6

715,731

564,840

NET CURRENT LIABILITIES

(182,744

)

(175,378

)

TOTAL ASSETS LESS CURRENT LIABILITIES

361,772

369,138

CREDITORS

Amounts falling due after more than one year

7

1,140

8,505

NET ASSETS ATTRIBUTABLE TO MEMBERS

360,632

360,633

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

247

248

MEMBERS' OTHER INTERESTS

Other reserves

360,385

360,385

360,632

360,633

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

247

248

Members' other interests

360,385

360,385

Amounts due from members

5

(378,231

)

(250,283

)

(17,599

)

110,350

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 March 2025.

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 3 September 2025 and were signed by:

Mr Y M I Bhailok - Designated member

1.	STATUTORY INFORMATION

Courtyard House LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

Turnover

Turnover is measured at 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.

Tangible fixed assets

Tangible fixed assets are freehold land held for rental and is measured at cost. No depreciation is provided on freehold land.

Division of profits

Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of 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.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

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.

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 unconditional.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2024

and 31 March 2025

544,516

NET BOOK VALUE

At 31 March 2025

544,516

At 31 March 2024

544,516

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by associates

117,336

59,847

Amounts due from members

378,231

250,283

VAT

449

-

Prepayments

8,596

16,318

504,612

326,448

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,490

7,525

Amounts owed to associates

686,968

536,739

VAT

-

320

Accruals and deferred income

18,750

18,750

Accrued expenses

2,523

1,506

715,731

564,840

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

1,140

8,505

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

247

248

Falling due within one year

247

248

Loans and other debts due to members rank equally with debts due to ordinary creditors in event of a winding up.