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REGISTERED NUMBER: SO304939 (Scotland)
















Financial Statements

for the Year Ended 31 December 2023

for

Fergushill Riding Stables LLP

Fergushill Riding Stables LLP (Registered number: SO304939)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fergushill Riding Stables LLP

General Information
for the Year Ended 31 December 2023







DESIGNATED MEMBERS: Evelyn Aitken
Gillian Beattie





REGISTERED OFFICE: Broomhill Farm
Kilwinning
Ayrshire
KA13 7RF





REGISTERED NUMBER: SO304939 (Scotland)





ACCOUNTANTS: Gillespie & Anderson
Chartered Accountants
Westburn Business Centre
McNee Road
Prestwick
KA9 2PB

Fergushill Riding Stables LLP (Registered number: SO304939)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,905 9,350

CURRENT ASSETS
Cash at bank 3,412 5,278

CREDITORS
Amounts falling due within one year 5 3,776 3,390
NET CURRENT (LIABILITIES)/ASSETS (364 ) 1,888
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

5,541

11,238

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

5,441

11,138

MEMBERS' OTHER INTERESTS
Capital accounts 100 100
5,541 11,238

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 5,441 11,138
Members' other interests 100 100
5,541 11,238

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 31 December 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.

Fergushill Riding Stables LLP (Registered number: SO304939)

Balance Sheet - continued
31 December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 19 September 2024 and were signed by:




Evelyn Aitken - Designated member




Gillian Beattie - Designated member


Fergushill Riding Stables LLP (Registered number: SO304939)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Fergushill Riding Stables LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Going Concern
The members monitor the LLP's working capital requirements on a regular basis to ensure the LLP has sufficient resources to meet commitments as they fall due. From time to time members will provide financial assistance by introducing capital. On this basis, the accounts have been prepared on a going concern basis.

Covid-19
At the date of signing these financial statements the Coronavirus Pandemic is still having a Global impact. The partnership continues to operate during this period albeit in a restricted way and is making best use of Government support available. Whilst the overall impact still remains uncertain for the UK economy, the partners believe that with the steps they have taken, ongoing Government support and the support of their loyal staff and customers, the business is in a position to come through this period and continue in operation for the next year and beyond.

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.
Equipment - 15% on cost
Ponies - at varying rates on cost
Tractor - 15% on cost

Taxation
No provision is made in the accounts in respect of tax due by the individual partners on their profit share. Tax paid by the partnership to satisfy partners tax liabilities is charged to their respective capital account balances.

Cash and cash equivalents
Cash and cash equivalents comprise cash held by the LLP and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

3. EMPLOYEE INFORMATION

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

Fergushill Riding Stables LLP (Registered number: SO304939)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Equipment Ponies Tractor Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 19,963 5,310 4,800 30,073
DEPRECIATION
At 1 January 2023 14,041 3,334 3,348 20,723
Charge for year 2,536 297 612 3,445
At 31 December 2023 16,577 3,631 3,960 24,168
NET BOOK VALUE
At 31 December 2023 3,386 1,679 840 5,905
At 31 December 2022 5,922 1,976 1,452 9,350

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,776 3,390

6. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 5,441 11,138

Falling due within one year 5,441 11,138

Members' interests are subordinated to bank borrowings. Loans and other debts due to members rank equally with unsecured creditors in the event of a winding up. Members' other interests, represented by members' capital (classified as equity), rank after unsecured creditors

7. CONTROLLING PARTY

The Limited Liability Partnership is under the control of Mrs Evelyn Aitken and Mrs Gillian Beattie.

8. DEBTS DUE TO MEMBERS

Members' interests are subordinated to bank borrowings. Loans and other debts due to members rank equally with unsecured creditors in the event of a winding up. Members' other interests, represented by members' capital (classified as equity), rank after unsecured creditors