1 April 2023 false No description of principal activity Taxfiler 2024.6 SO306036business:LimitedLiabilityPartnershipLLP2023-04-012024-03-31 SO3060362023-03-31 SO3060362023-04-012024-03-31 SO306036business:AuditExemptWithAccountantsReport2023-04-012024-03-31 SO306036business:FullAccounts2023-04-012024-03-31 SO3060362024-03-31 SO306036business:PartnerLLP12023-04-012024-03-31 SO306036business:PartnerLLP22023-04-012024-03-31 SO306036business:RegisteredOffice2023-04-012024-03-31 SO3060362023-03-31 SO306036core:WithinOneYear2024-03-31 SO306036core:WithinOneYear2023-03-31 SO306036core:AfterOneYear2024-03-31 SO306036core:AfterOneYear2023-03-31 SO306036core:ShareCapital2024-03-31 SO306036core:ShareCapital2023-03-31 SO306036core:RetainedEarningsAccumulatedLosses2024-03-31 SO306036core:RetainedEarningsAccumulatedLosses2023-03-31 SO306036business:SmallEntities2023-04-012024-03-31 SO306036core:LandBuildings2023-04-012024-03-31 SO306036core:PlantMachinery2023-04-012024-03-31 SO306036countries:Scotland2023-04-012024-03-31 SO306036core:LandBuildings2023-03-31 SO306036core:PlantMachinery2023-03-31 SO306036core:LandBuildings2024-03-31 SO306036core:PlantMachinery2024-03-31 SO3060362022-04-012023-03-31 iso4217:GBP xbrli:pure
Registered No. SO306036 (Scotland)
C&N Equestrian LLP Unaudited accounts for the year ended 31 March 2024
C&N Equestrian LLP LLP Information for the year ended 31 March 2024
Designated members
Ms Aileen Craig
Mr Trevor Nicholson
Registered Number
SO306036 (Scotland)
Registered Office
Busbie Mains Kilmaurs Kilmarnock KA3 2PF SCOTLAND
Accountants
Nairn Ltd 29 St Andrews Park Troon Ayrshire KA10 7GQ
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Report to the members on the preparation of the unaudited statutory financial statements of C&N Equestrian LLP for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of C&N Equestrian LLP for the year ended 31 March 2024 as set out on pages 4 - 6 from the LLP's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
Our work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
Nairn Ltd Chartered Accountants 29 St Andrews Park Troon Ayrshire KA10 7GQ 18 January 2025
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C&N Equestrian LLP Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
867,083 
860,467 
Current assets
Cash at bank and in hand
1,302 
- 
Creditors: amounts falling due within one year
(35,924)
(31,892)
Net current liabilities
(34,622)
(31,892)
Total assets less current liabilities
832,461 
828,575 
Creditors: amounts falling due after more than one year
(347,603)
(376,114)
Net assets attributable to members
484,858 
452,461 
Represented by:
Members' other interests
Members' capital classified as equity
294,498 
312,676 
Other reserves
190,360 
139,785 
484,858 
452,461 
484,858 
452,461 
Total members' interests
Members' other interests
484,858 
452,461 
484,858 
452,461 
For the year ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 21 January 2025.
Ms Aileen Craig Designated member Limited Liability Partnership Registration No. SO306036
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C&N Equestrian LLP Notes to the Accounts for the year ended 31 March 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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
3% Straight line on relevant categories
Plant & machinery
25% straight line and 10% straight line on arena
2
Statutory information
C&N Equestrian LLP is a limited liability partnership, incorporated in Scotland, registration number SO306036. Its registered office is Busbie Mains, Kilmaurs, Kilmarnock, KA3 2PF, SCOTLAND.
3
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At valuation 
At 1 April 2023
544,548 
370,634 
915,182 
Additions
739 
5,894 
6,633 
Revaluations
- 
32,364 
32,364 
At 31 March 2024
545,287 
408,892 
954,179 
Depreciation
At 1 April 2023
11,476 
43,239 
54,715 
Charge for the year
10,499 
21,882 
32,381 
At 31 March 2024
21,975 
65,121 
87,096 
Net book value
At 31 March 2024
523,312 
343,771 
867,083 
At 31 March 2023
533,072 
327,395 
860,467 
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C&N Equestrian LLP Notes to the Accounts for the year ended 31 March 2024
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
17,796 
17,517 
Taxes and social security costs
382 
- 
Other creditors
11,682 
11,362 
Accruals
6,064 
3,013 
35,924 
31,892 
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
332,519 
350,381 
Other creditors
15,084 
25,733 
347,603 
376,114 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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