REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 5 April 2023 |
for |
Skyfall Farm & Stud LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 5 April 2023 |
for |
Skyfall Farm & Stud LLP |
Skyfall Farm & Stud LLP (Registered number: OC436413) |
Contents of the Financial Statements |
for the Year Ended 5 April 2023 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Skyfall Farm & Stud LLP |
General Information |
for the Year Ended 5 April 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Bennett House |
The Dean |
Alresford |
Hampshire |
SO24 9BH |
Skyfall Farm & Stud LLP (Registered number: OC436413) |
Balance Sheet |
5 April 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
1,709,371 |
1,672,958 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
10 |
566,781 |
530,368 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 1,142,590 | 1,142,590 |
1,709,371 | 1,672,958 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 10 | 566,781 | 530,368 |
Members' other interests | 1,142,590 | 1,142,590 |
1,709,371 | 1,672,958 |
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. |
Skyfall Farm & Stud LLP (Registered number: OC436413) |
Balance Sheet - continued |
5 April 2023 |
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 |
Skyfall Farm & Stud LLP (Registered number: OC436413) |
Notes to the Financial Statements |
for the Year Ended 5 April 2023 |
1. | STATUTORY INFORMATION |
Skyfall Farm & Stud 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 |
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 |
Plant and machinery | - |
Stocks |
Stock has been valued at the lower of cost and net realisable value by the members. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
Freehold | to | Plant and | and |
property | property | machinery | fittings | Totals |
£ | £ | £ | £ | £ |
COST |
At 6 April 2022 |
Additions |
At 5 April 2023 |
DEPRECIATION |
At 6 April 2022 |
Charge for year |
At 5 April 2023 |
NET BOOK VALUE |
At 5 April 2023 |
At 5 April 2022 |
5. | STOCKS |
2023 | 2022 |
£ | £ |
Stocks |
Skyfall Farm & Stud LLP (Registered number: OC436413) |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
VAT |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Other loans (see note 9) |
Amounts falling due in more than five years: |
Repayable by instalments |
Other loans more 5yrs instal | 1,309,345 | 1,309,345 |
9. | LOANS |
An analysis of the maturity of loans is given below: |
2023 | 2022 |
£ | £ |
Amounts falling due in more than five years: |
Repayable by instalments |
Other loans more 5yrs instal | 1,309,345 | 1,309,345 |
10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
2023 | 2022 |
£ | £ |
Amounts owed to members in respect of profits | 566,781 | 530,368 |
Falling due within one year | 566,781 | 530,368 |
Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'. |