REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 5 April 2024 |
for |
Ridgeway Farm Stud LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 5 April 2024 |
for |
Ridgeway Farm Stud LLP |
Ridgeway Farm Stud LLP (Registered number: OC420804) |
Contents of the Financial Statements |
for the Year Ended 5 April 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Ridgeway Farm Stud LLP |
General Information |
for the Year Ended 5 April 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
The Old Stables |
Sutton Manor Farm |
Bishops Sutton |
Alresford |
Hampshire |
SO24 0AA |
Ridgeway Farm Stud LLP (Registered number: OC420804) |
Balance Sheet |
5 April 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
2,979,050 |
3,094,758 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
7 |
2,979,050 |
3,094,758 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 7 | 2,979,050 | 3,094,758 |
Amounts due from members | 5 | (1,562,518 | ) | (1,046,718 | ) |
1,416,532 | 2,048,040 |
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. |
Ridgeway Farm Stud LLP (Registered number: OC420804) |
Balance Sheet - continued |
5 April 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
Ridgeway Farm Stud LLP (Registered number: OC420804) |
Notes to the Financial Statements |
for the Year Ended 5 April 2024 |
1. | STATUTORY INFORMATION |
Ridgeway Farm Stud LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value at the year end by the members. When calculating the cost figure this includes the cost of production of the horses. |
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. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2023 - |
4. | TANGIBLE FIXED ASSETS |
Improvements |
Peppermill | to | Plant and |
Sculpture | property | machinery |
£ | £ | £ |
COST |
At 6 April 2023 |
Disposals |
At 5 April 2024 |
DEPRECIATION |
At 6 April 2023 |
Charge for year |
Eliminated on disposal |
At 5 April 2024 |
NET BOOK VALUE |
At 5 April 2024 |
At 5 April 2023 |
Ridgeway Farm Stud LLP (Registered number: OC420804) |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2024 |
4. | TANGIBLE FIXED ASSETS - continued |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 6 April 2023 |
Disposals | ( |
) | ( |
) |
At 5 April 2024 |
DEPRECIATION |
At 6 April 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 5 April 2024 |
NET BOOK VALUE |
At 5 April 2024 |
At 5 April 2023 |
Improvements to property relate to a freehold property that is owned by Mrs R F Stones but held outside of the LLP. It has been made available to the LLP during the year. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts due from members | 1,562,518 | 1,046,718 |
Other debtors |
VAT |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Social security and other taxes | ( |
) | ( |
) |
Accrued expenses |
Ridgeway Farm Stud LLP (Registered number: OC420804) |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2024 |
7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
2024 | 2023 |
£ | £ |
Amounts owed to members in respect of profits | 2,979,050 | 3,094,758 |
Falling due within one year | 2,979,050 | 3,094,758 |
In the event of a winding up other unsecured creditors of the LLP will take priority over any loans and other debts due to members. |