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REGISTERED NUMBER: OC449530 (England and Wales)












Unaudited Financial Statements

for the Period 13 October 2023 to 31 March 2024

for

Dimond Dressage Livery & Training LLP

Dimond Dressage Livery & Training LLP (Registered number: OC449530)






Contents of the Financial Statements
for the Period 13 October 2023 to 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dimond Dressage Livery & Training LLP

General Information
for the Period 13 October 2023 to 31 March 2024







DESIGNATED MEMBERS: Mrs S P Osborne-Allen
Mrs C L Sparks





REGISTERED OFFICE: Parklands Farm Cottage
Snailing Lane
Greatham
Liss
Hampshire
GU33 6HQ





REGISTERED NUMBER: OC449530 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
Bennett House
The Dean
Alresford
Hampshire
SO24 9BH

Dimond Dressage Livery & Training LLP (Registered number: OC449530)

Balance Sheet
31 March 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 11,656

CURRENT ASSETS
Stocks 5 10,000
Debtors 6 22,819
Cash at bank 3,826
36,645
CREDITORS
Amounts falling due within one year 7 10,480
NET CURRENT ASSETS 26,165
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

37,821

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

37,821

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 37,821
Amounts due from members 6 (15,890 )
21,931

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 31 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.

Dimond Dressage Livery & Training LLP (Registered number: OC449530)

Balance Sheet - continued
31 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 19 August 2024 and were signed by:





Mrs S P Osborne-Allen - Designated member

Dimond Dressage Livery & Training LLP (Registered number: OC449530)

Notes to the Financial Statements
for the Period 13 October 2023 to 31 March 2024

1. STATUTORY INFORMATION

Dimond Dressage Livery & Training 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% reducing balance basis
Motor vehicles - 25% reducing balance basis

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

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL.

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 13 October 2023 10,458 5,000 15,458
Additions 1,458 - 1,458
At 31 March 2024 11,916 5,000 16,916
DEPRECIATION
At 13 October 2023 2,642 1,263 3,905
Charge for period 966 389 1,355
At 31 March 2024 3,608 1,652 5,260
NET BOOK VALUE
At 31 March 2024 8,308 3,348 11,656
At 12 October 2023 7,816 3,737 11,553

5. STOCKS
£   
Stocks 10,000

Dimond Dressage Livery & Training LLP (Registered number: OC449530)

Notes to the Financial Statements - continued
for the Period 13 October 2023 to 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 6,929
Amounts due from members 15,890
22,819

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 1,070
Accruals and deferred income 9,410
10,480

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

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'.

9. RELATED PARTY DISCLOSURES

During the period the LLP acquired the trade and assets of a partnership of which the LLP's designated members were controlling partners.