Registered No. OC432666 (England and Wales)
Greenhead Hotel & Hostel LLP
Unaudited accounts
for the year ended 31 March 2025
Greenhead Hotel & Hostel LLP
Statement of financial position
as at 31 March 2025
Tangible assets
18,219
33,462
Cash at bank and in hand
2,513
12,072
Creditors: amounts falling due within one year
(111,550)
(112,449)
Net current liabilities
(91,589)
(85,165)
Total assets less current liabilities
(73,370)
(51,703)
Creditors: amounts falling due after more than one year
(120,166)
(155,356)
Net liabilities attributable to members
(193,536)
(207,059)
Loans and other debts due to members
(342,418)
(285,676)
Members' capital classified as equity
100,053
78,617
Loans and other debts due to members
(342,418)
(285,676)
Members' other interests
148,882
78,617
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 22 December 2025.
Mr Jordan Peter Dodwell
Designated member
Limited Liability Partnership Registration No. OC432666
Greenhead Hotel & Hostel LLP
Notes to the Accounts
for the year ended 31 March 2025
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
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:
Land & buildings
10% Straight line
Plant & machinery
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.
The LLP operates a defined contribution scheme for the benefit of its employees. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Greenhead Hotel & Hostel LLP is a limited liability partnership, incorporated in England and Wales, registration number OC432666. Its registered office is 36-38 PRIESTPOPPLE, HEXHAM, NORTHUMBERLAND, NE46 1PQ.
Greenhead Hotel & Hostel LLP
Notes to the Accounts
for the year ended 31 March 2025
3
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2024
13,101
75,339
88,440
Disposals
(13,101)
-
(13,101)
At 31 March 2025
-
75,339
75,339
At 1 April 2024
3,930
51,048
54,978
Charge for the year
-
6,072
6,072
On disposals
(3,930)
-
(3,930)
At 31 March 2025
-
57,120
57,120
At 31 March 2025
-
18,219
18,219
At 31 March 2024
9,171
24,291
33,462
4
Creditors: amounts falling due within one year
2025
2024
Trade creditors
8,523
7,993
Taxes and social security costs
17,931
33,161
Other creditors
81,696
56,645
5
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
120,166
155,356
6
Loans and other debts due to members
2025
2024
Amounts due to members in respect of profits
(342,418)
(285,676)
Amounts falling due within one year
(342,418)
(285,676)
7
Average number of employees
During the year the average number of employees was 20 (2024: 17).