Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseThe principal object of the LLP is a countryside sports and accommodation enterprise in Scotland.77truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SO303747 2022-04-01 2023-03-31 SO303747 2021-04-01 2022-03-31 SO303747 2023-03-31 SO303747 2022-03-31 SO303747 c:Buildings 2022-04-01 2023-03-31 SO303747 c:Buildings 2023-03-31 SO303747 c:Buildings 2022-03-31 SO303747 c:Buildings c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SO303747 c:Buildings c:ShortLeaseholdAssets 2022-04-01 2023-03-31 SO303747 c:Buildings c:ShortLeaseholdAssets 2023-03-31 SO303747 c:Buildings c:ShortLeaseholdAssets 2022-03-31 SO303747 c:PlantMachinery 2022-04-01 2023-03-31 SO303747 c:PlantMachinery 2023-03-31 SO303747 c:PlantMachinery 2022-03-31 SO303747 c:PlantMachinery c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SO303747 c:MotorVehicles 2022-04-01 2023-03-31 SO303747 c:MotorVehicles 2023-03-31 SO303747 c:MotorVehicles 2022-03-31 SO303747 c:MotorVehicles c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SO303747 c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SO303747 c:CurrentFinancialInstruments 2023-03-31 SO303747 c:CurrentFinancialInstruments 2022-03-31 SO303747 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 SO303747 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 SO303747 d:FRS102 2022-04-01 2023-03-31 SO303747 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SO303747 d:FullAccounts 2022-04-01 2023-03-31 SO303747 d:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 SO303747 d:PartnerLLP1 2022-04-01 2023-03-31 SO303747 c:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 SO303747 c:FurtherSpecificReserve2ComponentTotalEquity 2022-03-31 iso4217:GBP xbrli:pure

Registered number: SO303747









THE MOORS PARTNERSHIP LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
THE MOORS PARTNERSHIP LLP
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
THE MOORS PARTNERSHIP LLP
REGISTERED NUMBER:SO303747

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,215,084
3,374,340

  
3,215,084
3,374,340

Current assets
  

Stocks
 5 
23,600
36,300

Debtors: amounts falling due within one year
 6 
101,679
94,996

Cash at bank and in hand
 7 
15,575
6,587

  
140,854
137,883

Creditors: amounts falling due within one year
 8 
(111,878)
(90,404)

Net current assets
  
 
 
28,976
 
 
47,479

Total assets less current liabilities
  
3,244,060
3,421,819

  

Net assets
  
3,244,060
3,421,819


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
8,130,505
7,349,005

Members' other interests
  

Other reserves classified as equity
  
(4,886,445)
(3,927,186)

  
 
(4,886,445)
 
(3,927,186)

  
3,244,060
3,421,819


Total members' interests
  

Loans and other debts due to members
 9 
8,130,505
7,349,005

Members' other interests
  
(4,886,445)
(3,927,186)

  
3,244,060
3,421,819


Page 1

 
THE MOORS PARTNERSHIP LLP
REGISTERED NUMBER:SO303747
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




I Wirth
Designated member

Date: 22 November 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
THE MOORS PARTNERSHIP LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The Moors Partnership LLP ("the LLP") is a countryside sports and accommodation enterprise in Scotland. The LLP is a limited liability partnership domiciled and incorporated in Scotland. The registered office is 5 Atholl Crescent, Edinburgh, Midlothian, EH3 8EJ. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the members, due to their ongoing support of the LLP, consider the adoption of the going concern basis in preparing these financial statements is appropriate.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Revenue is measured as the fair value of the consideration received, excluding value added tax. 

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
Short-term leasehold property
-
based on the expected useful life of the asset
Plant and machinery
-
15%
Motor vehicles
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
THE MOORS PARTNERSHIP LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Stocks

Stock comprises of biological assets owned by the LLP. Biological assets are held at fair value with fair value gains and losses assessed on an annual basis and recognised in the Profit and Loss Account. Biological assets are valued based on observable market data.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

 
2.10

Pensions and other post retirement obligations

The LLP operates a defined contribution pension scheme. Contributions are recognised in the Profit and Loss Account in the period in which they become payable in accordance with the rules of the scheme. 

Page 4

 
THE MOORS PARTNERSHIP LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

  
2.11

Members' remuneration and interests

Members' different participation rights are analysed separately into liability and equity elements. Where the LLP has a contractual obligation to deliver cash or another financial asset to the member, the capital is treated as debt. Where the LLP has an unconditional right to avoid delivering cash or other financial assets to a member in respect of such amounts (i.e. repayment of the member's capital is discretionary), it is treated as equity.
A member's share in the profit or loss for the year is accounted for when profits are allocated. Unallcoated profits and losses are included within other reserves. 


3.


Employees

The average monthly number of employees during the year was 7 (2022 - 7).


4.


Tangible fixed assets





Freehold property
Short-term leasehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£
£



Cost or valuation


At 1 April 2022
297,269
4,096,703
656,478
83,673
5,134,123


Additions
-
24,688
461
8,900
34,049



At 31 March 2023

297,269
4,121,391
656,939
92,573
5,168,172



Depreciation


At 1 April 2022
26,993
1,123,259
568,276
41,255
1,759,783


Charge for the year on owned assets
5,937
121,336
50,621
15,411
193,305



At 31 March 2023

32,930
1,244,595
618,897
56,666
1,953,088



Net book value



At 31 March 2023
264,339
2,876,796
38,042
35,907
3,215,084



At 31 March 2022
270,276
2,973,444
88,202
42,418
3,374,340

Page 5

 
THE MOORS PARTNERSHIP LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Stocks

2023
2022
£
£

Biological Assets
23,600
36,300



6.


Debtors

2023
2022
£
£


Trade debtors
3,218
14,580

Other debtors
10,795
12,010

Prepayments and accrued income
87,666
68,406

101,679
94,996



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
15,575
6,587



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
34,949
12,887

Other creditors
71,249
69,555

Accruals and deferred income
5,680
7,962

111,878
90,404


Page 6

 
THE MOORS PARTNERSHIP LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Loans and other debts due to members


2023
2022
£
£



Members' capital treated as debt
(8,130,505)
(7,349,005)

Loans and other debts due to members may be further analysed as follows:

2023
2022
£
£



Falling due within one year
(8,130,505)
(7,349,005)

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


10.


Controlling party

The members are of the opinion that no member has overall control of the LLP and that the LLP is controlled by the members as a body.  

Page 7