Limited Liability Partnership registration number OC427185 (England and Wales)
Callater Lodge LLP
Annual report and unaudited financial statements
For the year ended 31 March 2025
Callater Lodge LLP
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 6
Callater Lodge LLP
Balance sheet
As at 31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
916
Tangible assets
4
3,507,093
3,369,251
3,507,093
3,370,167
Current assets
Debtors
5
62,126
67,477
Cash at bank and in hand
20,192
2,822
82,318
70,299
Creditors: amounts falling due within one year
6
(41,404)
(76,446)
Net current assets/(liabilities)
40,914
(6,147)
Total assets less current liabilities and net assets attributable to members
3,548,007
3,364,020
Represented by:
Loans and other debts due to members within one year
7
Members' capital classified as a liability
3,762,957
3,462,958
Other amounts
(214,950)
(98,938)
3,548,007
3,364,020

For the financial year ended 31 March 2025 the limited liability partnership 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 limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on 18 November 2025 and are signed on their behalf by:
18 November 2025
Mr W D Johnston
Designated member
Limited Liability Partnership registration number OC427185 (England and Wales)
Callater Lodge LLP
Notes to the financial statements
For the year ended 31 March 2025
- 2 -
1
Accounting policies
Limited liability partnership information

Callater Lodge LLP is a limited liability partnership incorporated in England and Wales. The registered office is The Glades, Festival Way, Festival Park, Stoke-on-Trent, Staffordshire, ST1 5SQ.

 

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, the principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website development
33% on cost
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% on cost
Fixtures and fittings
10% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

Callater Lodge LLP
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Impairment of fixed assets

At each reporting period end date, the limited liability partnership reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the limited liability partnership estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Financial instruments

The limited liability partnership has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

 

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

 

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the limited liability partnership after deducting all of its liabilities.

Callater Lodge LLP
Notes to the financial statements (continued)
For the year ended 31 March 2025
- 4 -
2
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2025
2024
Number
Number
Total
0
0
3
Intangible fixed assets
Website development
£
Cost
At 1 April 2024 and 31 March 2025
4,928
Amortisation and impairment
At 1 April 2024
4,012
Amortisation charged for the year
916
At 31 March 2025
4,928
Carrying amount
At 31 March 2025
-
At 31 March 2024
916
Callater Lodge LLP
Notes to the financial statements (continued)
For the year ended 31 March 2025
- 5 -
4
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 April 2024
3,490,785
22,798
3,513,583
Additions
222,974
-
222,974
Disposals
(9,900)
-
(9,900)
At 31 March 2025
3,703,859
22,798
3,726,657
Depreciation and impairment
At 1 April 2024
142,518
1,814
144,332
Depreciation charged in the year
73,120
2,112
75,232
At 31 March 2025
215,638
3,926
219,564
Carrying amount
At 31 March 2025
3,488,221
18,872
3,507,093
At 31 March 2024
3,348,267
20,984
3,369,251
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
62,126
67,477
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,216
19,889
Taxation and social security
11,293
9,071
Other creditors
28,895
47,486
41,404
76,446
Callater Lodge LLP
Notes to the financial statements (continued)
For the year ended 31 March 2025
- 6 -
7
Reconciliation of Members' Interests
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Other reserves
Members' capital
Other amounts
Total
Total
2025
£
£
£
£
Members' interests at 1 April 2024
-
3,462,957
(98,938)
3,364,019
3,364,019
Loss for the financial year available for discretionary division among members
(116,012)
-
-
-
(116,012)
Members' interests after loss for the year
(116,012)
3,462,957
(98,938)
3,364,019
3,248,007
Allocation of loss for the financial year
116,012
-
(116,012)
(116,012)
-
Introduced by members
-
300,000
-
300,000
300,000
Members' interests at 31 March 2025
-
3,762,957
(214,950)
3,548,007
3,548,007
8
Loans and other debts due to members

Loans and other debts due to members ranks parri-passu with other creditors.

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