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REGISTERED NUMBER: OC379623 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024

FOR

DREAM TEAM EQUINE LLP

DREAM TEAM EQUINE LLP (REGISTERED NUMBER: OC379623)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DREAM TEAM EQUINE LLP

GENERAL INFORMATION
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024







DESIGNATED MEMBERS: M H Kerwin
I R Kerwin





REGISTERED OFFICE: The Dairy Greenhouse Farm
Town Row Green
Rotherfield
East Sussex
TN6 3QU





REGISTERED NUMBER: OC379623 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Ltd
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

DREAM TEAM EQUINE LLP (REGISTERED NUMBER: OC379623)

BALANCE SHEET
31 MARCH 2024

2024 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,711 1,771
8,711 1,771

CURRENT ASSETS
Stocks 52,067 51,765
Debtors 6 1,984 1,445
Cash at bank and in hand 28,217 26,083
82,268 79,293
CREDITORS
Amounts falling due within one year 7 (1,656 ) (5,352 )
NET CURRENT ASSETS 80,612 73,941
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

89,323

75,712

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

58,323

44,712

MEMBERS' OTHER INTERESTS
Capital accounts 31,000 31,000
89,323 75,712

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 58,323 44,712
Members' other interests 31,000 31,000
89,323 75,712

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.

DREAM TEAM EQUINE LLP (REGISTERED NUMBER: OC379623)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 30 September 2024 and were signed by:





M H Kerwin - Designated member

DREAM TEAM EQUINE LLP (REGISTERED NUMBER: OC379623)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Dream Team Equine 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.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements have had to be made by management in preparing these financial statements.

There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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 2012, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% 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.

DREAM TEAM EQUINE LLP (REGISTERED NUMBER: OC379623)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 March 2024 16,000
AMORTISATION
At 1 November 2022
and 31 March 2024 16,000
NET BOOK VALUE
At 31 March 2024 -
At 31 October 2022 -

DREAM TEAM EQUINE LLP (REGISTERED NUMBER: OC379623)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2022 3,000 8,999 11,999
Additions - 11,445 11,445
Disposals - (8,999 ) (8,999 )
At 31 March 2024 3,000 11,445 14,445
DEPRECIATION
At 1 November 2022 2,831 7,397 10,228
Charge for period 42 2,861 2,903
Eliminated on disposal - (7,397 ) (7,397 )
At 31 March 2024 2,873 2,861 5,734
NET BOOK VALUE
At 31 March 2024 127 8,584 8,711
At 31 October 2022 169 1,602 1,771

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 1,864 771
Other debtors 120 674
1,984 1,445

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade creditors (538 ) 4,282
Taxation and social security 1,344 220
Other creditors 850 850
1,656 5,352

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2022
£    £   
Amounts owed to members in respect of profits 58,323 44,712

Falling due within one year 58,323 44,712

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.