Caseware UK (AP4) 2025.0.111 2025.0.111 2025-03-31 2025-03-31 true 2024-04-01 false No description of principal activity 16 14 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC331780 2024-04-01 2025-03-31 OC331780 2023-04-01 2024-03-31 OC331780 2025-03-31 OC331780 2024-03-31 OC331780 2024-04-01 OC331780 2023-04-01 OC331780 c:Buildings 2024-04-01 2025-03-31 OC331780 c:Buildings 2025-03-31 OC331780 c:Buildings 2024-03-31 OC331780 c:Buildings c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC331780 c:PlantMachinery 2025-03-31 OC331780 c:PlantMachinery 2024-03-31 OC331780 c:PlantMachinery c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC331780 c:FurnitureFittings 2025-03-31 OC331780 c:FurnitureFittings 2024-03-31 OC331780 c:FurnitureFittings c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC331780 c:OfficeEquipment 2025-03-31 OC331780 c:OfficeEquipment 2024-03-31 OC331780 c:OfficeEquipment c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC331780 c:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 OC331780 c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC331780 c:CurrentFinancialInstruments 2025-03-31 OC331780 c:CurrentFinancialInstruments 2024-03-31 OC331780 c:Non-currentFinancialInstruments 2025-03-31 OC331780 c:Non-currentFinancialInstruments 2024-03-31 OC331780 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC331780 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC331780 c:Non-currentFinancialInstruments c:AfterOneYear 2025-03-31 OC331780 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC331780 c:OtherMiscellaneousReserve 2024-03-31 OC331780 c:OtherMiscellaneousReserve 2023-04-01 OC331780 d:FRS102 2024-04-01 2025-03-31 OC331780 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC331780 d:FullAccounts 2024-04-01 2025-03-31 OC331780 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC331780 d:PartnerLLP1 2024-04-01 2025-03-31 OC331780 d:PartnerLLP2 2024-04-01 2025-03-31 OC331780 d:PartnerLLP3 2024-04-01 2025-03-31 OC331780 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC331780 STARBOARD HOTELS FOUR LLP UNAUDITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
STARBOARD HOTELS FOUR LLP CONTENTS
| Page
Information | 1
Balance sheet | 2 - 3
Reconciliation of members' interests | 4
Notes to the financial statements | 5 - 11
STARBOARD HOTELS FOUR LLP INFORMATION
Designated Members | F G Callingham
| P A Callingham
| Midos MS Ltd
Page 1
|  | REGISTERED NUMBER:OC331780
STARBOARD HOTELS FOUR LLP BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 3,376,600 |  | 3,527,584
Current assets |  |  |  |  |
Stocks |  | 3,732 |  | 3,716 |
Debtors: amounts falling due within one year | 5 | 57,124 |  | 443,111 |
Cash at bank and in hand |  | 5,327 |  | 13,477 |
|  | 66,183 |  | 460,304 |
Creditors: amounts falling due within one year | 6 | (5,797,531) |  | (6,202,262) |
Net current liabilities |  |  | (5,731,348) |  | (5,741,958)
Total assets less current liabilities |  |  | (2,354,748) |  | (2,214,374)
Creditors: amounts falling due after more than one year | 7 |  | (1,639,842) |  | (1,639,842)
Net liabilities |  |  | (3,994,590) |  | (3,854,216)
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Statement of financial position |  | (3,994,590) |  | (3,854,216) |
|  |  | (3,994,590) |  | (3,854,216)
Total members' interests |  |  |  |  |
Other reserves |  |  | (3,994,590) |  | (3,854,216)
Page 2
|  | REGISTERED NUMBER:OC331780
STARBOARD HOTELS FOUR LLP BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime. The entity 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. The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements. The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime. The financial statements were approved and authorised for issue by the members and were signed on their behalf by:
P A Callingham
Designated member
Date: 17 March 2026
The notes on pages 5 to 11 form part of these financial statements. Starboard Hotels Four LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity. Page 3
STARBOARD HOTELS FOUR LLP RECONCILIATION OF MEMBERS' INTERESTS FOR THE YEAR ENDED 31 MARCH 2025
| Equity Members' other interests | Debt Loans and other debts due to members less any amounts due from members in debtors | Total members' interests
| Other reserves | Other amounts | Total
| £ | £ | £
Amounts due to members |  | (3,749,968) |
Balance at 1 April 2023 | - | (3,749,968) | (3,749,968)
Loss for the year available for discretionary division among members | (104,248) | - | (104,248)
Members' interests after profit for the year | (104,248) | (3,749,968) | (3,854,216)
Other division of losses | - | (104,248) | (104,248)
Movement in reserves | 104,248 | - | 104,248
Amounts due to members |  | (3,854,216) |
Balance at 31 March 2024 and 1 April 2024 | - | (3,854,216) | (3,854,216)
Loss for the year available for discretionary division among members | (140,374) | - | (140,374)
Members' interests after profit for the year | (140,374) | (3,854,216) | (3,994,590)
Other division of losses | - | (140,374) | (140,374)
Movement in reserves | 140,374 | - | 140,374
Amounts due to members |  | (3,994,590) |
Balance at 31 March 2025 | - | (3,994,590) | (3,994,590)
There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.
Page 4
STARBOARD HOTELS FOUR LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Starboard Hotels Four LLP is a Limited Liability Partnership incorporated in England. The address of its principal place of business is 346 A1(M) Wetherby Services, Wetherby, West Yorkshire LS22 5GT. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships". 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 following principal accounting policies have been applied:
| 2.2 | Going concern
As at 31 March 2025, the LLP had a deficiency on its balance sheet of £3,994,590. In preparing these financial statements the members have obtained confirmation from related party creditors whom have funded the deficit that they will not seek to recall the outstanding liabilities if the LLP is not in a position to do so. The members have prepared cash flow forecasts for the next 12 months which show that the LLP will continue to be reliant on the related party creditors to support its working capital needs. These forecasts include key assumptions specifically over the LLP's future trading activity and acknowledge that variations in the trading assumptions would impact the timing and quantum of cash flows. On the basis of these forecasts, the related party creditors have confirmed to the members their intention to keep covering the necessary support for at least the next 12 months from the date of approval of these financial statements to enable the LLP to continue to settle its liabilities as they fall due.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts and value added tax. The following criteria must also be met before revenue is recognised: Rendering of services and goods Revenue from hotel ownership comprises amounts earned in respect of services, facilities and goods supplied by the hotel. Revenue from the rendering of services (such as accommodation and use of facilities) is recognised when services are performed. Revenue from the sale of goods (such as food and beverage sales) is recognised at the time when the goods are delivered to customers.
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 5
STARBOARD HOTELS FOUR LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.5 | Pensions
Defined contribution pension plan The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the LLP in independently administered funds.
| 2.6 | Division and distribution of profits
A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period. An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making. The LLP divides profits discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable. In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - | 2% |
|  |  |  | Other fixed assets | - | 14% |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Page 6
STARBOARD HOTELS FOUR LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.8 | Stocks
Stocks are stated at the lower of cost and net realisable value.
| 2.9 | Cash
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.10 | Financial instruments
The LLP has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments. Financial assets and financial liabilities are recognised when the LLP becomes party to the contractual provisions of the instrument. 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 LLP after deducting all of its liabilities. The LLP’s policies for its major classes of financial assets and financial liabilities are set out below. Financial assets Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. Financial liabilities Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Page 7
STARBOARD HOTELS FOUR LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued) Financial instruments (continued) Impairment of financial assets Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the LLP would receive for the asset if it were to be sold at the reporting date. For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. 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. Derecognition of financial assets and financial liabilities Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Offsetting of financial assets and financial liabilities Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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. Page 8
STARBOARD HOTELS FOUR LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.11 | Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits). Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with FRS 102. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP. Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities. Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the profit and loss account in the relevant year. To the extent that they remain unpaid at the period end, they are shown as liabilities in the balance sheet. Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the profit and loss account and are equity appropriations in the balance sheet. Other amounts applied to members, for example, remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment. All amounts due to members that are classified as liabilities are presented in the balance sheet within 'loans and other debts due to members' and are charged to the profit and loss account within 'members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the balance sheet within 'members' other interests'.
3. | Employees
The average monthly number of employees, including members, during the year was 16 (2024 -14). Page 9
STARBOARD HOTELS FOUR LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Freehold property | Plant and machinery | Fixtures and fittings | Office equipment | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 April 2024 | 6,771,832 | 111,045 | 290,859 | 54,492 | 7,228,228
| At 31 March 2025 | 6,771,832 | 111,045 | 290,859 | 54,492 | 7,228,228
| Depreciation |  |  |  |  |
| At 1 April 2024 | 3,315,653 | 39,640 | 290,859 | 54,492 | 3,700,644
| Charge for the year on owned assets | 135,437 | 15,547 | - | - | 150,984
| At 31 March 2025 | 3,451,090 | 55,187 | 290,859 | 54,492 | 3,851,628
| Net book value |  |  |  |  |
| At 31 March 2025 | 3,320,742 | 55,858 | - | - | 3,376,600
| At 31 March 2024 | 3,456,179 | 71,405 | - | - | 3,527,584
| The net book value of land and buildings may be further analysed as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Freehold | 3,320,742 | 3,456,179
| The members have obtained a valuation as at 17 February 2023, undertaken by Savills (UK) Limited which shows a valuation on an open market basis of £3,700,000 for the freehold property (including other fixed assets) based on the prevailing market conditions. The property has been depreciated since that date.
Page 10
STARBOARD HOTELS FOUR LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 28,575 | 39,174
| Other debtors | 1,510 | 385,650
| Prepayments and accrued income | 27,039 | 18,287
|  | 57,124 | 443,111
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other loans | 2,468,819 | 2,468,819
| Trade creditors | 95,402 | 4,707
| Other taxation and social security | 22,811 | 27,737
| Other creditors | 3,130,736 | 3,604,100
| Accruals and deferred income | 79,763 | 96,899
|  | 5,797,531 | 6,202,262
7. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other loans | 1,639,842 | 1,639,842
8. | Loans and other debts due to members
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other amounts due to members | (3,994,590) | (3,854,216)
| Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
Page 11