Dorset House Lyme LLP - Filleted accounts

Registered number

OC390182

Dorset House Lyme LLP

Unaudited Filleted Accounts

31 March 2026

Dorset House Lyme LLP
Registered number:		OC390182
Balance Sheet
as at 31 March 2026
Notes		2026		2025
£			£
Fixed assets
Tangible assets	3	-		12,876
Current assets
Debtors	4	-		51,028

Creditors: amounts falling due within one year	5	-		(5,179)

Net current assets		-		45,849

Total assets less current liabilities		-		58,725

Creditors: amounts falling due after more than one year	6	-		(6,232)


Net assets attributable to members		-		52,493

Represented by:
Loans and other debts due to members	7	-		52,493

Members' other interests
Other reserves		-		-

		-		52,493

Total members' interests
Loans and other debts due to members	7	-		52,493
Members' other interests		-		-

		-		52,493

For the year ended 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to 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.
The 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.

These accounts were approved by the members on 22 September 2026 and signed on their behalf by:


Mr J Martin
Designated member

Dorset House Lyme LLP
Notes to the Accounts
for the year ended 31 March 2026

1	Accounting policies

	Basis of preparation
	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.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Division of profits
	Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.

	Taxation
	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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office equipment	33.3% straight line basis
	Motor vehicles	20% reducing balance
	Tenants improvements	10% straight line
	Fixtures and fittings	20% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Members' capital
	Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the LLP			2		2


3	Tangible fixed assets
		Freehold property		Fixtures, fittings & equipment		Total
£			£		£
	Cost
	At 1 April 2025	102,140		76,790		178,930
	Disposals	(102,140)		(76,790)		(178,930)
	At 31 March 2026	-		-		-

	Depreciation
	At 1 April 2025	102,140		63,914		166,054
	On disposals	(102,140)		(63,914)		(166,054)
	At 31 March 2026	-		-		-

	Net book value
	At 31 March 2026	-		-		-
	At 31 March 2025	-		12,876		12,876


4	Debtors			2026		2025
£					£

	Other debtors			-		51,028


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			-		5,179
	Other taxes and social security costs			-		-
				-		5,179


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			-		6,232


7	Loans and other debts due to members			2026		2025
£					£

	Amounts due to members in respect of profits			-		52,493

	Amounts falling due within one year			-		52,493

	Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.


8	Other information

	Dorset House Lyme LLP is a limited liability partnership incorporated in England. Its registered office is:
	Dorset House
	Pound Lane
	Lyme Regis
	Dorset
	DT7 3HX