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REGISTERED NUMBER: OC366369 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Park Riding LLP

Park Riding LLP (Registered number: OC366369)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Park Riding LLP

General Information
for the Year Ended 30 November 2023







DESIGNATED MEMBERS: J R D Buirds
Mrs J M Buirds





REGISTERED OFFICE: 66 Greenfield Road
Holmfirth
West Yorkshire
HD9 2LA





REGISTERED NUMBER: OC366369 (England and Wales)





ACCOUNTANTS: Norton Vickers Ltd
7 Soundwell Road
Staple Hill
Bristol
BS16 4QG

Park Riding LLP (Registered number: OC366369)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 727,676 683,045
727,676 683,045

CURRENT ASSETS
Stocks 1,250 900
Debtors 6 115,023 143,336
Cash at bank and in hand 7,562 4,669
123,835 148,905
CREDITORS
Amounts falling due within one year 7 68,609 84,664
NET CURRENT ASSETS 55,226 64,241
TOTAL ASSETS LESS CURRENT
LIABILITIES

782,902

747,286

CREDITORS
Amounts falling due after more than one
year

8

273,540

210,268
NET ASSETS ATTRIBUTABLE TO
MEMBERS

509,362

537,018

Park Riding LLP (Registered number: OC366369)

Balance Sheet - continued
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

111,739

156,395

MEMBERS' OTHER INTERESTS
Revaluation reserve 10 42,000 25,000
Fair value reserve 10 355,623 355,623
509,362 537,018

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 111,739 156,395
Members' other interests 397,623 380,623
Amounts due from members 6 (115,023 ) (134,443 )
394,339 402,575

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 year ended 30 November 2023.

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.

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 29 August 2024 and were signed by:





J R D Buirds - Designated member

Park Riding LLP (Registered number: OC366369)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Park Riding 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 15% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 23 (2022 - 26 ) .

Park Riding LLP (Registered number: OC366369)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 10,000
AMORTISATION
At 1 December 2022
and 30 November 2023 10,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 December 2022 590,000 220,235 810,235
Additions - 69,338 69,338
Disposals - (39,103 ) (39,103 )
Revaluations 17,000 - 17,000
At 30 November 2023 607,000 250,470 857,470
DEPRECIATION
At 1 December 2022 - 127,190 127,190
Charge for year - 21,295 21,295
Eliminated on disposal - (18,691 ) (18,691 )
At 30 November 2023 - 129,794 129,794
NET BOOK VALUE
At 30 November 2023 607,000 120,676 727,676
At 30 November 2022 590,000 93,045 683,045

The property has been revalued by the partner by reviewing similar properties locally and believes this to be a true and fair view of the current market value if it was to be sold on the open market to a third party.

Park Riding LLP (Registered number: OC366369)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 December 2022 82,553
Additions 69,338
Disposals (39,103 )
At 30 November 2023 112,788
DEPRECIATION
At 1 December 2022 30,749
Charge for year 15,109
Eliminated on disposal (18,691 )
At 30 November 2023 27,167
NET BOOK VALUE
At 30 November 2023 85,621
At 30 November 2022 51,804

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors - 8,893
Other debtors 115,023 134,443
115,023 143,336

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 12,271 12,271
Hire purchase contracts 14,148 25,141
Trade creditors 6,052 6,246
Taxation and social security 8,083 5,168
Other creditors 28,055 35,838
68,609 84,664

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 166,267 181,000
Hire purchase contracts 71,151 26,468
Other creditors 36,122 2,800
273,540 210,268

Park Riding LLP (Registered number: OC366369)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.11.23 30.11.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 120,939 126,930

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

The designated member has advised that the loan of £111,739 will not be recalled within 12 months of the year end.

10. RESERVES
Fair
Revaluation value
reserve reserve Totals
£    £    £   
At 1 December 2022 25,000 355,623 380,623
Revaluation reserve 17,000 - 17,000
At 30 November 2023 42,000 355,623 397,623