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REGISTERED NUMBER: OC367381 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

MOUNT ST JOHN SPORTING LLP

MOUNT ST JOHN SPORTING LLP (REGISTERED NUMBER: OC367381)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


MOUNT ST JOHN SPORTING LLP (REGISTERED NUMBER: OC367381)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 51,308 64,949
Tangible assets 5 4,548,119 4,620,510
4,599,427 4,685,459

CURRENT ASSETS
Stocks 12,384 11,725
Debtors 6 4,577,868 4,220,366
Cash at bank 213,005 91,758
4,803,257 4,323,849
CREDITORS
Amounts falling due within one year 7 1,578,167 1,547,191
NET CURRENT ASSETS 3,225,090 2,776,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,824,517

7,462,117

CREDITORS
Amounts falling due after more than one
year

8

17,467

26,670
NET ASSETS ATTRIBUTABLE TO
MEMBERS

7,807,050

7,435,447

MOUNT ST JOHN SPORTING LLP (REGISTERED NUMBER: OC367381)

BALANCE SHEET - continued
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 8,124,675 7,782,786
Other reserves (317,625 ) (347,339 )
7,807,050 7,435,447

TOTAL MEMBERS' INTERESTS
Members' other interests 7,807,050 7,435,447
Amounts due from members 6 (3,190,811 ) (2,843,472 )
4,616,239 4,591,975

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 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.

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 10 October 2024 and were signed by:





Mr C J Blundell - Designated member

MOUNT ST JOHN SPORTING LLP (REGISTERED NUMBER: OC367381)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Mount St John Sporting LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC367381

Registered office: Mount St John
Felixkirk
Thirsk
North Yorkshire
YO7 2DT

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Shooting and moorland management rights
Shooting and moorland management rights, being the amount paid in connection with the acquisition of a business in 2012, is being amortised on a straight line basis over 15 years and 9 months.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost (excluding freehold land)
Leasehold property - Lower of life of lease or 20 years
Equipment - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are originally recorded at cost or market value for assets acquired before formation of the LLP.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

MOUNT ST JOHN SPORTING LLP (REGISTERED NUMBER: OC367381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEE INFORMATION

The average number of employees during the year was 10 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Shooting
& moorland
management
Goodwill rights Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 1 214,999 215,000
AMORTISATION
At 1 April 2023 - 150,051 150,051
Amortisation for year - 13,641 13,641
At 31 March 2024 - 163,692 163,692
NET BOOK VALUE
At 31 March 2024 1 51,307 51,308
At 31 March 2023 1 64,948 64,949

5. TANGIBLE FIXED ASSETS
Freehold Leasehold
property property Equipment
£    £    £   
COST
At 1 April 2023 4,950,026 497,004 224,046
Additions - 6,213 9,640
Disposals - - -
At 31 March 2024 4,950,026 503,217 233,686
DEPRECIATION
At 1 April 2023 830,446 283,919 163,609
Charge for year 87,597 36,833 13,373
Eliminated on disposal - - -
At 31 March 2024 918,043 320,752 176,982
NET BOOK VALUE
At 31 March 2024 4,031,983 182,465 56,704
At 31 March 2023 4,119,580 213,085 60,437

MOUNT ST JOHN SPORTING LLP (REGISTERED NUMBER: OC367381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 326,770 449,058 6,446,904
Additions 4,400 114,648 134,901
Disposals - (87,424 ) (87,424 )
At 31 March 2024 331,170 476,282 6,494,381
DEPRECIATION
At 1 April 2023 237,894 310,526 1,826,394
Charge for year 13,991 35,118 186,912
Eliminated on disposal - (67,044 ) (67,044 )
At 31 March 2024 251,885 278,600 1,946,262
NET BOOK VALUE
At 31 March 2024 79,285 197,682 4,548,119
At 31 March 2023 88,876 138,532 4,620,510

Freehold land included in freehold property with a cost of £570,000 (2023 - £570,000) is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,116,463 1,024,300
Amounts due from members 3,190,811 2,843,472
Other debtors 4,922 -
Prepayments and accrued income 265,672 352,594
4,577,868 4,220,366

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,196 10,707
Trade creditors 252,639 339,184
VAT 222,584 224,355
Other creditors 857 1,340
Accruals and deferred income 1,091,891 971,605
1,578,167 1,547,191

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-5 years 17,467 26,670

MOUNT ST JOHN SPORTING LLP (REGISTERED NUMBER: OC367381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 242,280 233,667
Between one and five years 633,280 622,429
In more than five years - 116,347
875,560 972,443

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu in relation to other creditors.