Registered Number:OC416913 |
For the period ended 31 March 2024
England and Wales
Report of the Members and Unaudited Financial Statements
For the period ended 31 March 2024
NIGEL TINKLER RACING LLP
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
NIGEL TINKLER RACING LLP
Statement of Financial Position
2023
2024
Property, plant and equipment |
555,953
497,582
3
555,953
497,582
Trade and other receivables |
238,858
244,965
4
45,672
61,143
Cash and cash equivalents |
290,637
300,001
Trade and other payables: amounts falling due within one |
year |
(139,855)
(189,880)
5
160,146
100,757
Net current assets
Total assets less current liabilities |
656,710
657,728
Trade and other payables: amounts falling due after more |
than one year |
(92,828)
(143,075)
6
513,635
Net assets attributable to members
564,900
513,635
564,900
513,635
564,900
513,635
564,900
513,635
564,900
513,635
564,900
For the period ended 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 relating to small LLPs. |
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 affair of the LLP as at the end of each |
financial year and of its profit or loss for each 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 |
Liabilities Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to the |
financial statements, so far as applicable to the LLP |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements are prepared in accordance with the provisions applicable to LLP's subject to the small LLP's regime. |
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For the period ended 31 March 2024
NIGEL TINKLER RACING LLP
Statement of Financial Position Continued
N D TINKLERDesignated Member |
These financial statements were approved by the members on 21 November 2024 and signed on their behalf by:
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For the period ended 31 March 2024
NIGEL TINKLER RACING LLP
Notes to the Financial Statements
Statutory Information
NIGEL TINKLER RACING LLP is a limited liability partnership, domiciled in England and Wales, registration number |
OC416913. |
WOODLAND STABLES
LANGTON
MALTON
NORTH YORKSHIRE
YO17 9QR
The presentation currency is £ sterling. |
Basis of preparation
The report and financial statements for the period ended 31 March 2024 have been prepared under the historical |
cost convention and in accordance with the Section 1A of Financial Reporting Standard 102 ''The Financial |
Reporting Standard applicable in the UK and Republic of Ireland'' and the Statement of Recommended Practice |
"Accounting by Limited Liability Partnerships". |
Depreciation of tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Leasing and hire purchase commitments
Assets obtained under finance leases and hire purchase contracts are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in 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 payable under operating leases are charged against income on a straight line basis over the lease term. |
2. Interest payable and similar charges |
2024
2023
Interest payable on bank borrowing |
675
1,738
5,734
6,201
6,876
7,472
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For the period ended 31 March 2024
NIGEL TINKLER RACING LLP
Notes to the Financial Statements Continued
3. Property, plant and equipment |
532,852
192,420
340,432
103,721
103,721
-
340,432
296,141
636,573
Provision for depreciation and impairment |
35,270
35,270
-
Charge for period
45,350
45,350
-
80,620
80,620
-
340,432
215,521
555,953
340,432
157,150
497,582
4. Trade and other receivables |
2024
2023
74,574
69,226
170,391
169,632
244,965
238,858
5. Trade and other payables: amounts falling due within one year |
2023
2024
12,247
10,000
106,020
67,547
Taxation and social security |
10,077
31,246
Obligations under finance leases |
45,307
28,062
16,229
3,000
189,880
139,855
6. Trade and other payables: amounts falling due after more than one year |
2024
2023
22,389
12,628
The following liabilities disclosed under creditors falling due after one year are secured by the LLP: |
Obligations under HP/Financial leases |
130,447
70,439
143,075
92,828
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For the period ended 31 March 2024
NIGEL TINKLER RACING LLP
Notes to the Financial Statements Continued
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement |
(for example, in respect of amounts subscribed or otherwise contributed remuneration and profits). |
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the |
LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. |
8. Loans and other debts due to members |
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits). Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A members' participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity. |
9. Average number of persons employed |
During the year the average number of employees was 0
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