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REGISTERED NUMBER: OC440907 (England and Wales)












Unaudited Financial Statements

for the Year Ended 5 April 2024

for

Alderbrook Stud LLP

Alderbrook Stud LLP (Registered number: OC440907)






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


Alderbrook Stud LLP

General Information
for the Year Ended 5 April 2024







DESIGNATED MEMBERS: A R O'Connor
Dr A J O'Connor
A Karle
Ms K C L Herrling





REGISTERED OFFICE: The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA





REGISTERED NUMBER: OC440907 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

Alderbrook Stud LLP (Registered number: OC440907)

Balance Sheet
5 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,725,236 2,580,511

CURRENT ASSETS
Stocks 5 82,900 77,000
Debtors 6 58,810 6,148
Cash at bank 1,026 108,689
142,736 191,837
CREDITORS
Amounts falling due within one year 7 24,683 28,037
NET CURRENT ASSETS 118,053 163,800
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,843,289

2,744,311

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

438,916

339,938

MEMBERS' OTHER INTERESTS
Capital accounts 2,404,373 2,404,373
2,843,289 2,744,311

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 438,916 339,938
Members' other interests 2,404,373 2,404,373
2,843,289 2,744,311

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 5 April 2024.

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.

Alderbrook Stud LLP (Registered number: OC440907)

Balance Sheet - continued
5 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 3 January 2025 and were signed by:





A Karle - Designated member

Alderbrook Stud LLP (Registered number: OC440907)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Alderbrook 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% reducing balance basis
Fixtures and fittings - 15% reducing balance basis

Stocks
Stock has been valued at the lower of cost and net realisable value by the members at the year end.

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 - NIL).

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to Plant and and
property property machinery fittings Totals
£    £    £    £    £   
COST
At 6 April 2023 2,404,373 42,083 117,470 41,930 2,605,856
Additions - 142,463 22,090 22,449 187,002
Disposals - - (21,500 ) - (21,500 )
At 5 April 2024 2,404,373 184,546 118,060 64,379 2,771,358
DEPRECIATION
At 6 April 2023 - - 18,931 6,414 25,345
Charge for year - - 15,353 8,649 24,002
Eliminated on disposal - - (3,225 ) - (3,225 )
At 5 April 2024 - - 31,059 15,063 46,122
NET BOOK VALUE
At 5 April 2024 2,404,373 184,546 87,001 49,316 2,725,236
At 5 April 2023 2,404,373 42,083 98,539 35,516 2,580,511

Alderbrook Stud LLP (Registered number: OC440907)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

5. STOCKS
2024 2023
£    £   
Stocks 82,900 77,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 56,640 -
VAT - 3,550
Prepayments and accrued income 2,170 2,598
58,810 6,148

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,521 15,037
VAT 4,362 -
Accrued expenses 14,800 13,000
24,683 28,037

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 438,916 339,938

Falling due within one year 438,916 339,938

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'.