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REGISTERED NUMBER: OC413823 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST JANUARY 2023 TO 31ST MARCH 2024

FOR

C&G SPORTING LLP

C&G SPORTING LLP (REGISTERED NUMBER: OC413823)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C&G SPORTING LLP

GENERAL INFORMATION
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024







DESIGNATED MEMBERS: A L Sporting Ltd
A E Law





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: OC413823 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

C&G SPORTING LLP (REGISTERED NUMBER: OC413823)

BALANCE SHEET
31ST MARCH 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 35,000
Tangible assets 5 7,491,840 7,477,540
7,491,840 7,512,540

CURRENT ASSETS
Stocks 3,793 4,330
Debtors 6 249,552 259,403
Cash at bank and in hand 96,436 89,436
349,781 353,169
CREDITORS
Amounts falling due within one year 7 16,370 40,458
NET CURRENT ASSETS 333,411 312,711
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

7,825,251

7,825,251

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

7,825,251

7,825,251

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 7,825,251 7,825,251
Amounts due from members 6 (186,685 ) (245,553 )
7,638,566 7,579,698

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 period ended 31st March 2024.

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.

C&G SPORTING LLP (REGISTERED NUMBER: OC413823)

BALANCE SHEET - continued
31ST MARCH 2024


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 16th August 2024 and were signed by:





A E Law - Designated member

C&G SPORTING LLP (REGISTERED NUMBER: OC413823)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024


1. STATUTORY INFORMATION

C&G Sporting 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.

Intangible assets
Entitlements are held at cost and reviewed for impairment on an annual basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Short leasehold - Straight line over the life of the lease
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 3 (2022 - 3 ) .

C&G SPORTING LLP (REGISTERED NUMBER: OC413823)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st January 2023
and 31st March 2024 35,000
AMORTISATION
Impairments 35,000
At 31st March 2024 35,000
NET BOOK VALUE
At 31st March 2024 -
At 31st December 2022 35,000

5. TANGIBLE FIXED ASSETS
Improvements
Freehold Short to
property leasehold property
£    £    £   
COST
At 1st January 2023 7,165,000 50,964 340,884
Additions - - 20,697
At 31st March 2024 7,165,000 50,964 361,581
DEPRECIATION
At 1st January 2023 - - 126,963
Charge for period - - 29,327
At 31st March 2024 - - 156,290
NET BOOK VALUE
At 31st March 2024 7,165,000 50,964 205,291
At 31st December 2022 7,165,000 50,964 213,921

C&G SPORTING LLP (REGISTERED NUMBER: OC413823)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024


5. TANGIBLE FIXED ASSETS - continued

Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st January 2023 129,097 150,807 7,836,752
Additions 51,881 26,000 98,578
At 31st March 2024 180,978 176,807 7,935,330
DEPRECIATION
At 1st January 2023 109,604 122,645 359,212
Charge for period 32,254 22,697 84,278
At 31st March 2024 141,858 145,342 443,490
NET BOOK VALUE
At 31st March 2024 39,120 31,465 7,491,840
At 31st December 2022 19,493 28,162 7,477,540

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 42,175 260
Other debtors 207,377 259,143
249,552 259,403

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade creditors 11,219 16,809
Taxation and social security 1,480 15,258
Other creditors 3,671 8,391
16,370 40,458

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of the winding up of the LLP, with the exception of loan capital introduced of £7,825,251 on 4th November 2016 which is secured by first legal charge over the property at Conistone and Grassington Moors, all the creditors of the LLP would be paid prior to the loans and other debts due to members.