Registered No. NC000469 (Northern Ireland)
Mar Lodge Ballyholme LLP
Unaudited accounts
for the year ended 31 March 2025
Mar Lodge Ballyholme LLP
Statement of financial position
as at 31 March 2025
Tangible assets
8,445
13,189
Investment property
290,345
290,345
Cash at bank and in hand
4,407
10,754
Creditors: amounts falling due within one year
(143,736)
(187,716)
Net current liabilities
(137,323)
(176,333)
Total assets less current liabilities
161,467
127,201
Creditors: amounts falling due after more than one year
(139,386)
(149,811)
Net assets/(liabilities) attributable to members
22,081
(22,610)
Loans and other debts due to members
22,081
(22,610)
Loans and other debts due to members
22,081
(22,610)
For the year ending 31 March 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 11 December 2025.
Mr Andrew Peter Stephens
Designated member
Limited Liability Partnership Registration No. NC000469
Mar Lodge Ballyholme LLP
Notes to the Accounts
for the year ended 31 March 2025
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The accounts are presented in £ sterling.
The partners believe that the partnership Mar Lodge Ballyholme LLP has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the partnership continues to adopt the going concern basis in preparation of its financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of rental services is recognised in accordance with the stage of completion of the contract when: the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Straight line
Fixtures & fittings
15% Straight line
Computer equipment
15% Straight line
Investment property is measured at fair value with changes in fair value recognised in the Profit and Loss Account. Revalued investment properties are not depreciated or amortised.
Mar Lodge Ballyholme LLP is a limited liability partnership, incorporated in Northern Ireland, registration number NC000469. Its registered office is The Office Dock , Unit 2, Channel Wharf, 21 Old Channel Road, Belfast, BT3 9DE.
Mar Lodge Ballyholme LLP
Notes to the Accounts
for the year ended 31 March 2025
3
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
46,000
9,999
4,621
60,620
At 31 March 2025
46,000
9,999
4,621
60,620
At 1 April 2024
38,812
4,642
3,977
47,431
Charge for the year
3,750
869
125
4,744
At 31 March 2025
42,562
5,511
4,102
52,175
At 31 March 2025
3,438
4,488
519
8,445
At 31 March 2024
7,188
5,357
644
13,189
Fair value at 1 April 2024
290,345
5
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
27,132
9,941
Trade creditors
6,578
2,929
Amounts owed to group undertakings and other participating interests
106,854
167,137
Taxes and social security costs
352
5,539
6
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
139,386
149,811
7
Loans and other debts due to members
2025
2024
Amounts due to members in respect of profits
22,081
(22,610)
Amounts falling due within one year
22,081
(22,610)
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
8
Transactions with related parties
Creditors includes amounts due from connected companies of £106,854 (2024: £167,137).
Mar Lodge Ballyholme LLP
Notes to the Accounts
for the year ended 31 March 2025
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).