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REGISTERED NUMBER: OC404701 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

RENKUM STUD FARM LLP

RENKUM STUD FARM LLP (Registered number: OC404701)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


RENKUM STUD FARM LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: Mrs L Minderman
H A Minderman





REGISTERED OFFICE: Mill Farm
Gloucester Road
Castlemorton
Malvern
Worcestershire
WR13 6JG





REGISTERED NUMBER: OC404701 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

RENKUM STUD FARM LLP (Registered number: OC404701)

Report of the Members
for the Year Ended 31 March 2023

The members present their report with the financial statements of the LLP for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of a Stud Farm.

DESIGNATED MEMBERS
The designated members during the year under review were:

Mrs L Minderman
H A Minderman

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £28,253 (2022 - £27,244 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Mrs L Minderman - Designated member


18 October 2023

RENKUM STUD FARM LLP (Registered number: OC404701)

Income Statement
for the Year Ended 31 March 2023

31.3.23 31.3.22
Notes £    £   

TURNOVER 238,814 135,098

Cost of sales 142,334 61,647
GROSS PROFIT 96,480 73,451

Administrative expenses 68,227 54,207
28,253 19,244

Other operating income - 8,000
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




28,253




27,244

RENKUM STUD FARM LLP (Registered number: OC404701)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 43,640 46,119

CURRENT ASSETS
Stocks 168,125 220,650
Debtors 6 40,830 11,860
Cash at bank 49,733 5,754
258,688 238,264
CREDITORS
Amounts falling due within one year 7 20,333 25,658
NET CURRENT ASSETS 238,355 212,606
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

281,995

258,725

LOANS AND OTHER DEBTS DUE TO
MEMBERS

281,995

258,725

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 281,995 258,725

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 2023.

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 18 October 2023 and were signed by:





Mrs L Minderman - Designated member

RENKUM STUD FARM LLP (Registered number: OC404701)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

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

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2022 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.23 31.3.22
£    £   
Depreciation - owned assets 16,913 2,550

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 65,682
DEPRECIATION
At 1 April 2022 5,129
Charge for year 16,913
At 31 March 2023 22,042
NET BOOK VALUE
At 31 March 2023 43,640
At 31 March 2022 60,553

RENKUM STUD FARM LLP (Registered number: OC404701)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 1,578 608
Other debtors 39,252 11,252
40,830 11,860

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 15,633 20,957
Other creditors 4,700 4,701
20,333 25,658