2023-05-01 OC416913 2024-03-31 OC416913 2023-05-01 2024-03-31 OC416913 2023-04-30 OC416913 2022-05-01 2023-04-30 OC416913 uk-core:WithinOneYear 2023-04-30 OC416913 uk-core:WithinOneYear 2024-03-31 OC416913 uk-core:AfterOneYear 2023-04-30 OC416913 uk-core:AfterOneYear 2024-03-31 OC416913 uk-bus:PartnerLLP1 2023-05-01 2024-03-31 OC416913 uk-core:PlantMachinery 2023-05-01 2024-03-31 OC416913 uk-core:ComputerEquipment 2023-05-01 2024-03-31 OC416913 uk-core:PlantMachinery 2023-04-30 OC416913 uk-core:LandBuildings 2023-04-30 OC416913 uk-core:LandBuildings 2023-05-01 2024-03-31 OC416913 uk-core:LandBuildings 2024-03-31 OC416913 uk-core:PlantMachinery 2024-03-31 OC416913 uk-core:WithinOneYear 2024-03-31 OC416913 uk-core:WithinOneYear 2023-04-30 OC416913 uk-core:AfterOneYear uk-core:Secured 2023-04-30 OC416913 uk-core:AfterOneYear uk-core:Secured 2024-03-31 iso4217:GBP xbrli:pure OC416913 uk-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-03-31 OC416913 uk-bus:FRS102 2023-05-01 2024-03-31 OC416913 uk-bus:FilletedAccounts 2023-05-01 2024-03-31 OC416913 uk-bus:LimitedLiabilityPartnershipLLP 2023-05-01 2024-03-31
NIGEL TINKLER RACING LLP
Registered Number:OC416913
For the period ended 31 March 2024
England and Wales
Report of the Members and Unaudited Financial Statements
2
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
3
OC416913
Registered Number :
As at 31 March 2024
NIGEL TINKLER RACING LLP
Statement of Financial Position
2023
£
£
2024
Notes
Fixed assets
Property, plant and equipment
555,953
497,582
3
555,953
497,582
Current assets
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
Members' other interests
Other reserves
513,635
564,900
513,635
564,900
513,635
564,900
Total members' interests
Members' other interests
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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4
OC416913
Registered Number :
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
1. Accounting policies
Statutory Information
NIGEL TINKLER RACING LLP is a limited liability partnership, domiciled in England and Wales, registration number
OC416913.
Registered address:
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
20% Reducing balance
3 Years Straight line
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
Finance charges
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
Total
Plant and
Machinery
Land and
Buildings
£
£
£
Cost or
valuation
At 01 May 2023
532,852
192,420
340,432
103,721
103,721
-
Additions
At 31 March 2024
340,432
296,141
636,573
Provision for depreciation and impairment
At 01 May 2023
35,270
35,270
-
Charge for period
45,350
45,350
-
At 31 March 2024
80,620
80,620
-
At 31 March 2024
Net book value
340,432
215,521
555,953
At 30 April 2023
340,432
157,150
497,582
4. Trade and other receivables
2024
2023
£
£
Trade debtors
74,574
69,226
Other debtors
170,391
169,632
244,965
238,858
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
12,247
10,000
Trade creditors
106,020
67,547
Taxation and social security
10,077
31,246
Obligations under finance leases
45,307
28,062
Other creditors
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
Bank loans and overdraft
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
7. Reserves
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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