Registered No. OC436376 (England and Wales)
The Hussar Hotel Llp
Unaudited accounts
for the year ended 31 March 2025
The Hussar Hotel Llp
LLP Information
for the year ended 31 March 2025
Designated members
Mr David Greig
Registered Number
OC436376 (England and Wales)
Registered Office
The Hussar
219 Canterbury Road
Margate
Kent
CT9 5JP
England
The Hussar Hotel Llp
Statement of financial position
as at 31 March 2025
Tangible assets
110,431
111,045
Cash at bank and in hand
22,461
17,222
Creditors: amounts falling due within one year
(32,809)
(35,757)
Net current assets/(liabilities)
3,007
(4,106)
Net assets attributable to members
113,438
106,939
Loans and other debts due to members
113,438
106,939
Loans and other debts due to members
113,438
106,939
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 24 December 2025.
Mrs Michelle Greig
Designated member
Limited Liability Partnership Registration No. OC436376
The Hussar Hotel 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.
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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:
Fixtures & fittings
15% reducing balance
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.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The Hussar Hotel Llp is a limited liability partnership, incorporated in England and Wales, registration number OC436376. Its registered office is The Hussar, 219 Canterbury Road, Margate, Kent, CT9 5JP, England.
The Hussar Hotel Llp
Notes to the Accounts
for the year ended 31 March 2025
3
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2024
108,589
4,000
112,589
At 31 March 2025
108,589
4,000
112,589
At 1 April 2024
-
1,544
1,544
Charge for the year
-
614
614
At 31 March 2025
-
2,158
2,158
At 31 March 2025
108,589
1,842
110,431
At 31 March 2024
108,589
2,456
111,045
4
Creditors: amounts falling due within one year
2025
2024
Trade creditors
12,971
12,909
Taxes and social security costs
5,084
7,020
5
Loans and other debts due to members
2025
2024
Amounts due to members in respect of profits
113,438
106,939
Amounts falling due within one year
113,438
106,939
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the year the average number of employees was 6 (2024: 9).