REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 December 2023 |
for |
Fergushill Riding Stables LLP |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
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 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 |
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 |
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 |
Equipment | - |
Ponies | - |
Tractor | - |
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 |
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 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
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 |