Coronet Ondine LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC392527 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Coronet Ondine LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr W T Winters

Mrs A B Winters

REGISTERED OFFICE:

The Coronet Cinema

103 Notting Hill Gate

London

W11 3LB

REGISTERED NUMBER:

OC392527 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

FIXED ASSETS

Intangible assets

4

1

Tangible assets

5

10,616,275

10,702,306

10,616,276

10,702,307

CURRENT ASSETS

Stocks

3,825

5,913

Debtors

6

1,038,887

961,988

Cash at bank

18,620

12,593

1,061,332

980,494

CREDITORS

Amounts falling due within one year

7

(7,608

)

(12,801

)

NET CURRENT ASSETS

1,053,724

967,693

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

11,670,000

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

MEMBERS' OTHER INTERESTS

Capital accounts

11,670,000

TOTAL MEMBERS' INTERESTS

Members' other interests

11,670,000

Amounts due from members

6

(1,003,094

)

(914,558

)

10,666,906

10,755,442

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 December 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 12 June 2026 and were signed by:

Mr W T Winters - Designated member

Mrs A B Winters - Designated member

1.	STATUTORY INFORMATION

Coronet Ondine LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

The accounts are prepared on a going concern basis as in the opinion of the members the LLP has sufficient finance available to it to meet its obligations as they fall due for the foreseeable future, that is at least 12 months from the date of approval of the accounts.

Significant judgements and estimates

In the application of the LLP's accounting policies the members are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The LLP's key source of estimation uncertainty relates to the estimated useful life and residual value of its property assets.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 10% on cost

Freehold buildings are depreciated to expected residual value over their estimated useful life of 30 years. Where the LLP applies a policy of regular maintenance to buildings where it is unlikely that technological or economic obsolescence will occur and the future residual value is unlikely to be less than the original cost, no depreciation is charged in respect of the buildings.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 January 2025

and 31 December 2025

1

5

6

AMORTISATION

At 1 January 2025

and 31 December 2025

-

5

NET BOOK VALUE

At 31 December 2025

1

-

1

At 31 December 2024

1

-

1

During 2014 the LLP acquired the trade and assets of the Coronet Cinema.

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2025

10,326,099

1,299,042

11,625,141

Additions

-

14,013

At 31 December 2025

10,326,099

1,313,055

11,639,154

DEPRECIATION

At 1 January 2025

-

922,835

Charge for year

-

100,044

At 31 December 2025

-

1,022,879

NET BOOK VALUE

At 31 December 2025

10,326,099

290,176

10,616,275

At 31 December 2024

10,326,099

376,207

10,702,306

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

15,769

22,924

Other debtors

1,023,118

939,064

1,038,887

961,988

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

6,310

11,972

Taxation and social security

552

-

Other creditors

746

829

7,608

12,801

8.	ULTIMATE CONTROLLING PARTY

Mr W T Winters and Mrs A B Winters control the LLP.