The Clipper At Shaldon Llp

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC368913

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		204,482		222,582

			204,482		222,582
CURRENT ASSETS
Stocks	5	20,895		22,962
Debtors	6	225,625		190,953
Cash at bank and in hand		26,728		21,556

		273,248		235,471
Creditors: Amounts Falling Due Within One Year	7	(91,887 )		(87,906 )

NET CURRENT ASSETS (LIABILITIES)			181,361		147,565

TOTAL ASSETS LESS CURRENT LIABILITIES			385,843		370,147

Creditors: Amounts Falling Due After More Than One Year	8		(2,900 )		(12,100 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			382,943		358,047

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		382,943		358,047

			382,943		358,047

			382,943		358,047

TOTAL MEMBERS' INTEREST
Amounts due from members			(218,150)		(183,100)
Loans and other debts due to members within one year			382,943		358,047

			164,793		174,947

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The Clipper At Shaldon Llp

Balance Sheet (continued)

As At 31 March 2025

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 applicable to LLPs subject to the small LLPs regime.)

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 accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Peter French

Designated Member

23/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

The Clipper At Shaldon Llp is a limited liability partnership, incorporated in England & Wales, registered number OC368913 . The Registered Office is Riversdale, Ashburton Road, Totnes, Devon, TQ9 5JU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Straight line 30 years
Fixtures & Fittings	Straight line 15 years
Computer Equipment	Straight line 15 years

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 42 (2024: 42)

4. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	225,057	176,844	10,383	412,284
Additions	-	2,452	699	3,151

As at 31 March 2025	225,057	179,296	11,082	415,435

...CONTINUED

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The Clipper At Shaldon Llp

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	90,024	94,915	4,763	189,702
Provided during the period	7,502	13,010	739	21,251

As at 31 March 2025	97,526	107,925	5,502	210,953

Net Book Value
As at 31 March 2025	127,531	71,371	5,580	204,482

As at 1 April 2024	135,033	81,929	5,620	222,582

5. Stocks

	2025	2024
	£	£
Stock	20,895	22,962

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	225,625	190,953

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	25,017	28,143
Bank loans and overdrafts	9,600	11,100
Other creditors	4,513	5,323
Taxation and social security	52,757	43,340

	91,887	87,906

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	2,900	12,100

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