Registered number
OC442545
Horse White LLP
Filleted Accounts for the year ended
5 April 2024
Horse White LLP
LLP Information
Designated members
Peter Cowgill
Shaun Doherty
Registered office
4th Floor, 5B The Parklands
Lostock
Bolton
BL6 4SD
Registered number
OC442545
Horse White LLP
Registered number: OC442545
Balance Sheet
as at 5 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 8,874 2,360
Current assets
Stocks 2,623,827 1,130,447
Debtors 4 213,883 67,998
Cash at bank and in hand 48,950 115,398
2,886,660 1,313,843
Creditors: amounts falling due within one year 5 (259,904) (64,442)
Net current assets 2,626,756 1,249,401
Total assets less current liabilities 2,635,630 1,251,761
Net assets attributable to members 2,635,630 1,251,761
Represented by:
Loans and other debts due to members 6 2,635,630 1,251,761
2,635,630 1,251,761
Total members' interests
Amounts due from members included in debtors 4 (165,636) (48,405)
Loans and other debts due to members 6 2,635,630 1,251,761
2,469,994 1,203,356
2,469,994 1,203,356
For the year ended 5 April 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 18 December 2024 and signed on their behalf by:
Peter Cowgill
Designated member
Horse White LLP
Notes to the Accounts
for the year ended 5 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
At the time of approving the financial statements, the members have a reasonable expectation that the limited liability partnership has adequate resources to continue in operational existence for the foreseeable future. This is due to the support of its members to provide continuing funding to the LLP so it can meet its liabilities as they fall due until such time that expected future revenues are achieved. Thus the members continue to adopt the going concern basis of accounting in preparing the financial statements.
Division of profits and losses
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Tools and equipment over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Financial liabilities classified as payable within one year are not amortised.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 0 0
3 Tangible fixed assets
Tools and equipment
£
Cost
At 6 April 2023 2,653
Additions 9,855
At 5 April 2024 12,508
Depreciation
At 6 April 2023 293
Charge for the year 3,341
At 5 April 2024 3,634
Net book value
At 5 April 2024 8,874
At 5 April 2023 2,360
4 Debtors 2024 2023
£ £
Other taxes and social security costs 42,282 15,255
Amounts due from members 165,636 48,405
Other debtors 5,965 4,338
213,883 67,998
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 48,798 10,662
Other taxes and social security costs 6,774 4,054
Accruals and deferred income 204,332 49,726
259,904 64,442
6 Loans and other debts due to members 2024 2023
£ £
Loans from members 2,635,630 1,251,761
Amounts falling due within one year 2,635,630 1,251,761
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
7 Other information
Horse White LLP is a limited liability partnership incorporated in England with its principal activity being property development. Its registered office is:
4th Floor, 5B The Parklands
Lostock
Bolton
BL6 4SD
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