REGISTERED NUMBER: OC404029 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

CAROCO APART HOTEL LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs D M Copithorne Crainey

A Copithorne Crainey

REGISTERED OFFICE:

15 West Street

Brighton

East Sussex

BN1 2RL

REGISTERED NUMBER:

OC404029 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

3

26,516

15,249

Investment property

4

3,000,000

4,000,000

3,026,516

4,015,249

CURRENT ASSETS

Debtors

5

31,153

779

Cash at bank

147,717

213,939

178,870

214,718

CREDITORS

Amounts falling due within one year

6

59,523

73,502

NET CURRENT ASSETS

119,347

141,216

TOTAL ASSETS LESS CURRENT LIABILITIES

3,145,863

4,156,465

CREDITORS

Amounts falling due after more than one year

7

2,183,885

2,234,602

NET ASSETS ATTRIBUTABLE TO MEMBERS

961,978

1,921,863

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

122,370

61,471

MEMBERS' OTHER INTERESTS

Non distributable reserve

9

839,608

1,860,392

961,978

1,921,863

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

122,370

61,471

Members' other interests

839,608

1,860,392

961,978

1,921,863

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 March 2026.

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 30 September 2026 and were signed by:

A Copithorne Crainey - Designated member

1.	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 as modified by the revaluation of certain assets.

Tangible fixed assets

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

Fixtures and fittings

-

25% straight line

Computer equipment

-

33% straight line

Motor vehicles - 25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Turnover

Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

2.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2025 - NIL ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

23,690

-

36,935

60,625

Additions

15,568

5,000

-

20,568

At 31 March 2026

39,258

5,000

36,935

81,193

DEPRECIATION

At 1 April 2025

9,356

-

36,020

45,376

Charge for year

7,473

1,226

602

9,301

At 31 March 2026

16,829

1,226

36,622

54,677

NET BOOK VALUE

At 31 March 2026

22,429

3,774

313

26,516

At 31 March 2025

14,334

-

915

15,249

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

4,000,000

Revaluations

(1,000,000

)

At 31 March 2026

3,000,000

NET BOOK VALUE

At 31 March 2026

3,000,000

At 31 March 2025

4,000,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2018

1,900,000

Valuation in 2020

(960,392

)

Valuation in 2024

900,000

Valuation in 2026

(1,000,000

)

Cost

2,160,392

3,000,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

30,281

-

Prepayments and accrued income

872

779

31,153

779

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

46,203

40,501

Social security and other taxes

3,302

-

VAT

6,699

9,033

Other creditors

291

21,142

Accrued expenses

3,028

2,826

59,523

73,502

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

46,203

40,501

Bank loans - 2-5 years

139,795

127,589

Bank loans more 5 yr by instal

1,047,887

1,116,512

Other loans more 5yrs instal

950,000

950,000

2,183,885

2,234,602

2026

2025

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,047,887

1,116,512

Other loans more 5yrs instal

950,000

950,000

1,997,887

2,066,512

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans to members are repaid once all other debts are repaid.

9.

RESERVES

Non

distributable

reserve

£

At 1 April 2025

1,860,392

Revaluation in the year

(1,020,784

)

At 31 March 2026

839,608