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REGISTERED NUMBER: OC358621
The Marchbank Hotel LLP
Unaudited Abridged Financial Statements
31 March 2025
The Marchbank Hotel LLP
Abridged Financial Statements
Year ended 31 March 2025
Contents
Page
Members' report
1
Statement of comprehensive income
2
Abridged statement of financial position
3
Notes to the abridged financial statements
5
The Marchbank Hotel LLP
Members' Report
Year ended 31 March 2025
The members present their report and the unaudited abridged financial statements of the LLP for the year ended 31 March 2025 .
Principal activities
The principal activity of the company during the year was hoteliers.
Designated members
The designated members who served the LLP during the year were as follows:
Mrs C L Moore
Mr R K Moore
Policy regarding members' drawings and the subscription and repayment of amounts subscribed or otherwise contributed by members
Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP.
New members are required to subscribe a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amounts of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members.
This report was approved by the members on 22 September 2025 and signed on behalf of the members by:
Mr R K Moore
Designated Member
Registered office:
Scots Dyke
Longtown
Cumbria
CA6 5XP
The Marchbank Hotel LLP
Statement of Comprehensive Income
Year ended 31 March 2025
Period from
Year to
1 Aug 23 to
31 Mar 25
31 Mar 24
Note
£
£
Turnover
205,641
115,016
Cost of sales
65,738
42,035
---------
---------
Gross profit
139,903
72,981
Administrative expenses
82,159
69,863
---------
--------
Operating profit
5
57,744
3,118
Other interest receivable and similar income
–
395
Interest payable and similar expenses
672
881
---------
--------
Profit for the financial year before members' remuneration and profit shares available for discretionary division among members
57,072
2,632
---------
--------
All the activities of the LLP are from continuing operations.
The Marchbank Hotel LLP
Abridged Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
7
152,511
158,084
Current assets
Stocks
2,286
2,232
Debtors
333
965
Cash at bank and in hand
14,122
25,113
--------
--------
16,741
28,310
Creditors: amounts falling due within one year
6,821
4,568
--------
--------
Net current assets
9,920
23,742
---------
---------
Total assets less current liabilities
162,431
181,826
Creditors: amounts falling due after more than one year
44,477
49,292
---------
---------
Net assets
117,954
132,534
---------
---------
Represented by:
Loans and other debts due to members
Other amounts
8
117,854
132,434
Members' other interests
Members' capital classified as equity
100
100
Other reserves
–
–
---------
---------
117,954
132,534
---------
---------
Total members' interests
Loans and other debts due to members
8
117,854
132,434
Members' other interests
100
100
---------
---------
117,954
132,534
---------
---------
These abridged financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of abridged financial statements .
The Marchbank Hotel LLP
Abridged Statement of Financial Position (continued)
31 March 2025
All of the members have consented to the preparation of the abridged statement of financial position for the year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to limited liability partnerships by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.
These abridged financial statements were approved by the members and authorised for issue on 22 September 2025 , and are signed on their behalf by:
Mr R K Moore
Designated Member
Registered number: OC358621
The Marchbank Hotel LLP
Notes to the Abridged Financial Statements
Year ended 31 March 2025
1.
General information
The LLP is registered in England and Wales. The address of the registered office is Scots Dyke, Longtown, Cumbria, CA6 5XP.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the abridged statement of financial position.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the abridged statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the abridged statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the abridged statement of financial position within 'Members' other interests'.
4.
Employee numbers
The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 3 (2024: 3 ).
5.
Operating profit
Operating profit or loss is stated after charging:
Period from
Year to
1 Aug 23 to
31 Mar 25
31 Mar 24
£
£
Depreciation of tangible assets
8,488
8,750
-------
-------
6.
Intangible assets
£
Cost
At 1 April 2024 and 31 March 2025
42,859
--------
Amortisation
At 1 April 2024 and 31 March 2025
42,859
--------
Carrying amount
At 31 March 2025
–
--------
At 31 March 2024
–
--------
7.
Tangible assets
£
Cost
At 1 April 2024
256,988
Additions
2,915
---------
At 31 March 2025
259,903
---------
Depreciation
At 1 April 2024
98,904
Charge for the year
8,488
---------
At 31 March 2025
107,392
---------
Carrying amount
At 31 March 2025
152,511
---------
At 31 March 2024
158,084
---------
8.
Loans and other debts due to members
2025
2024
£
£
Loans from members
20,000
20,000
Amounts owed to members in respect of profits
97,854
112,434
---------
---------
117,854
132,434
---------
---------