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REGISTERED NUMBER: SO303412















OUTDOOR PURSUITS UK LLP

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023






OUTDOOR PURSUITS UK LLP (REGISTERED NUMBER: SO303412)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


OUTDOOR PURSUITS UK LLP (REGISTERED NUMBER: SO303412)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,057 5,410

CURRENT ASSETS
Stocks 501,557 736,386
Debtors 5 55,881 82,516
Cash at bank 434,763 44,644
992,201 863,546
CREDITORS
Amounts falling due within one year 6 104,769 66,511
NET CURRENT ASSETS 887,432 797,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

891,489

802,445

CREDITORS
Amounts falling due after more than one
year

7

92,668

142,549
NET ASSETS ATTRIBUTABLE TO
MEMBERS

798,821

659,896

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

798,821

659,896

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 798,821 659,896

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.

OUTDOOR PURSUITS UK LLP (REGISTERED NUMBER: SO303412)

BALANCE SHEET - continued
31 MARCH 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 19 October 2023 and were signed by:





Mr J Keegan - Designated member

OUTDOOR PURSUITS UK LLP (REGISTERED NUMBER: SO303412)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Outdoor Pursuits UK LLP is a limited liability partnership, registered in Scotland. The company's registered office is Caledonia House, 89 Seaward Street, Glasgow, Scotland, G41 1HJ.

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from this standard. The financial statements have been prepared under the historical cost convention.

Judgements
The LLP considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements.

The members consider there are no such significant judgements.

Turnover
Turnover represents the invoiced value of goods provided during the period. The LLP's policy is to recognise a sale when substantively all the risks and rewards in connection with the goods have been passed to the purchaser.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are included at cost less accumulated depreciation and impairment losses.

Impairment of non financial assets
At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher of value in use and the fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell.

OUTDOOR PURSUITS UK LLP (REGISTERED NUMBER: SO303412)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The LLP only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to and from related parties.

Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Where assets are financed by hire purchase or by leasing agreements which give rights similar to ownership (finance leases), the assets are treated as though they had been purchased outright and are depreciated in the same manner as owned assets. The interest element of the rental obligations is charged to the profit and loss account as incurred. The capital element of the future payments is treated as a liability.

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.

Provisions
Provisions are recognised when the LLP has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Government grants
Government grants of a capital nature are taken to a separate deferred income account and released to the profit and loss account in accordance with the LLP's depreciation policy over the useful economic life of the asset concerned. Grants of a revenue nature are taken to the profit and loss account in the period in which the expenditure is incurred. Grants that become receivable as compensation for expense or losses already incurred or for the purpose of giving immediate financial support with no future related costs are recognised in income in the period in which it becomes receivable.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2022 - 6 ) .

OUTDOOR PURSUITS UK LLP (REGISTERED NUMBER: SO303412)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 23,355 11,249 1,381 35,985
DEPRECIATION
At 1 April 2022 20,874 8,579 1,122 30,575
Charge for year 621 668 64 1,353
At 31 March 2023 21,495 9,247 1,186 31,928
NET BOOK VALUE
At 31 March 2023 1,860 2,002 195 4,057
At 31 March 2022 2,481 2,670 259 5,410

Included above are assets held under hire purchase agreements with a net book value of £Nil (2022- £2,669).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,916 11,843
Other debtors 34,965 70,673
55,881 82,516

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8 8
Hire purchase contracts - 1,145
Taxation and social security 42,224 1,778
Other creditors 62,537 63,580
104,769 66,511

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 92,668 142,549

OUTDOOR PURSUITS UK LLP (REGISTERED NUMBER: SO303412)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 1,145

Hire purchase contracts were secured over the assets to which they relate.

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 798,821 659,896

Falling due within one year 798,821 659,896

On winding up of the LLP, loans and other debts due to members rank pari passu with other creditors.