REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
1ST JANUARY 2023 TO 31ST MARCH 2024 |
FOR |
C&G SPORTING LLP |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
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 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 |
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 |
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 |
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 |
Freehold property | - |
Short leasehold | - |
Improvements to property | - |
Plant and machinery | - |
Motor vehicles | - |
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 |
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 |
AMORTISATION |
Impairments |
At 31st March 2024 |
NET BOOK VALUE |
At 31st March 2024 |
At 31st December 2022 |
5. | TANGIBLE FIXED ASSETS |
Improvements |
Freehold | Short | to |
property | leasehold | property |
£ | £ | £ |
COST |
At 1st January 2023 |
Additions |
At 31st March 2024 |
DEPRECIATION |
At 1st January 2023 |
Charge for period |
At 31st March 2024 |
NET BOOK VALUE |
At 31st March 2024 |
At 31st December 2022 |
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 |
Additions |
At 31st March 2024 |
DEPRECIATION |
At 1st January 2023 |
Charge for period |
At 31st March 2024 |
NET BOOK VALUE |
At 31st March 2024 |
At 31st December 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
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. |