Acorah Software Products - Accounts Production 15.0.600 false true 31 October 2022 7 October 2021 false 1 November 2022 31 March 2024 31 March 2024 SO307386 Mrs Lynn Colquhoun Mr Stephen Campbell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SO307386 2022-10-31 SO307386 2024-03-31 SO307386 2022-11-01 2024-03-31 SO307386 frs-core:CurrentFinancialInstruments 2024-03-31 SO307386 frs-core:Non-currentFinancialInstruments 2024-03-31 SO307386 frs-core:BetweenOneFiveYears 2024-03-31 SO307386 frs-core:MotorVehicles 2024-03-31 SO307386 frs-core:MotorVehicles 2022-11-01 2024-03-31 SO307386 frs-core:MotorVehicles 2022-10-31 SO307386 frs-core:PlantMachinery 2024-03-31 SO307386 frs-core:PlantMachinery 2022-11-01 2024-03-31 SO307386 frs-core:PlantMachinery 2022-10-31 SO307386 frs-core:WithinOneYear 2024-03-31 SO307386 frs-bus:LimitedLiabilityPartnershipLLP 2022-11-01 2024-03-31 SO307386 frs-bus:LimitedLiabilityPartnershipsSORP 2022-11-01 2024-03-31 SO307386 frs-bus:FilletedAccounts 2022-11-01 2024-03-31 SO307386 frs-bus:SmallEntities 2022-11-01 2024-03-31 SO307386 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2024-03-31 SO307386 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2024-03-31 SO307386 frs-countries:Scotland 2022-11-01 2024-03-31 SO307386 frs-bus:PartnerLLP1 2022-11-01 2024-03-31 SO307386 frs-bus:PartnerLLP2 2022-11-01 2024-03-31 SO307386 2021-10-06 SO307386 2022-10-31 SO307386 2021-10-07 2022-10-31 SO307386 frs-core:CurrentFinancialInstruments 2022-10-31 SO307386 frs-core:Non-currentFinancialInstruments 2022-10-31 SO307386 frs-core:BetweenOneFiveYears 2022-10-31 SO307386 frs-core:WithinOneYear 2022-10-31
Registered number: SO307386
CC Equestrian LLP
Unaudited Financial Statements
For the Period 1 November 2022 to 31 March 2024
Gallone & Co
13 Register Street
Bo'Ness
EH51 9AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SO307386
31 March 2024 31 October 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,007 16,193
21,007 16,193
CURRENT ASSETS
Stocks 5 68,050 45,000
Cash at bank and in hand 5,607 8,874
73,657 53,874
Creditors: Amounts Falling Due Within One Year 6 (6,789 ) (2,000 )
NET CURRENT ASSETS (LIABILITIES) 66,868 51,874
TOTAL ASSETS LESS CURRENT LIABILITIES 87,875 68,067
Creditors: Amounts Falling Due After More Than One Year 7 (8,087 ) -
NET ASSETS ATTRIBUTABLE TO MEMBERS 79,788 68,067
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 127,788 28,554
127,788 28,554
Equity
Members' other interests
Members' capital (48,000) 39,513
(48,000) 39,513
79,788 68,067
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 127,788 28,554
Members' other interests (48,000) 39,513
79,788 68,067
Page 1
Page 2
For the period ending 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mrs Lynn Colquhoun
Designated Member
27/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
CC Equestrian LLP is a limited liability partnership, incorporated in Scotland, registered number SO307386 . The Registered Office is Harburnhead, Harburn, West Calder, EH55 8RL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 3 (2022: 2)
3 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2022 10,700 6,750 17,450
Additions - 17,280 17,280
Disposals - (6,750 ) (6,750 )
As at 31 March 2024 10,700 17,280 27,980
Depreciation
As at 1 November 2022 273 984 1,257
Provided during the period 4,413 4,217 8,630
Disposals - (2,914 ) (2,914 )
As at 31 March 2024 4,686 2,287 6,973
Net Book Value
As at 31 March 2024 6,014 14,993 21,007
As at 1 November 2022 10,427 5,766 16,193
5. Stocks
31 March 2024 31 October 2022
£ £
Stock 68,050 45,000
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 October 2022
£ £
Net obligations under finance lease and hire purchase contracts 4,289 -
Accruals and deferred income 2,500 2,000
6,789 2,000
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 October 2022
£ £
Net obligations under finance lease and hire purchase contracts 8,087 -
8. Obligations Under Finance Leases and Hire Purchase
31 March 2024 31 October 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,289 -
Later than one year and not later than five years 8,087 -
12,376 -
12,376 -
Page 4