Caroco Apart Hotel LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC404029 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CAROCO APART HOTEL LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs D M Copithorne Crainey

A Copithorne Crainey

REGISTERED OFFICE:

15 West Street

Brighton

East Sussex

BN1 2RL

REGISTERED NUMBER:

OC404029 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

3

15,249

24,223

Investment property

4

4,000,000

4,015,249

4,024,223

CURRENT ASSETS

Debtors

5

779

16,827

Cash at bank

213,939

200,816

214,718

217,643

CREDITORS

Amounts falling due within one year

6

(73,502

)

(77,361

)

NET CURRENT ASSETS

141,216

140,282

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,156,465

4,164,505

CREDITORS

Amounts falling due after more than one
year

7

(2,234,602

)

(2,277,819

)

NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,921,863

1,886,686

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

61,471

26,294

MEMBERS' OTHER INTERESTS

Revaluation reserve

9

1,860,392

1,921,863

1,886,686

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

61,471

26,294

Members' other interests

1,860,392

1,921,863

1,886,686

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 31 October 2025 and were signed by:

A Copithorne Crainey - Designated member

1.	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 as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Turnover

Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

2.	EMPLOYEE INFORMATION

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

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2024

16,061

36,935

52,996

Additions

7,629

-

7,629

At 31 March 2025

23,690

36,935

60,625

DEPRECIATION

At 1 April 2024

3,689

25,084

28,773

Charge for year

5,667

10,936

16,603

At 31 March 2025

9,356

36,020

45,376

NET BOOK VALUE

At 31 March 2025

14,334

915

15,249

At 31 March 2024

12,372

11,851

24,223

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

4,000,000

NET BOOK VALUE

At 31 March 2025

4,000,000

At 31 March 2024

4,000,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2018

939,608

Valuation in 2024

900,000

Cost

2,160,392

4,000,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

-

16,827

Prepayments and accrued income

779

-

779

16,827

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

40,501

36,014

VAT

9,033

8,693

Other creditors

21,142

30,000

Accrued expenses

2,826

2,654

73,502

77,361

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

40,501

36,014

Bank loans - 2-5 years

127,589

119,156

Bank loans more 5 yr by instal

1,116,512

1,172,649

Other loans more 5yrs instal

950,000

2,234,602

2,277,819

2025

2024

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,116,512

1,172,649

Other loans more 5yrs instal

950,000

2,066,512

2,122,649

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans to members are repaid once all other debts are repaid.

9.

RESERVES

Revaluatio

reserve

£

At 1 April 2024

and 31 March 2025

1,860,392