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
Registered Number
SO306036 (Scotland)
Registered Office
Busbie Mains
Kilmaurs
Kilmarnock
KA3 2PF
SCOTLAND
Accountants
Nairn Ltd
29 St Andrews Park
Troon
Ayrshire
KA10 7GQ
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
C&N Equestrian LLP
Statement of financial position
as at 31 March 2024
Tangible assets
867,083
860,467
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
Members' capital classified as equity
294,498
312,676
Other reserves
190,360
139,785
Members' other interests
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
C&N Equestrian LLP
Notes to the Accounts
for the year ended 31 March 2024
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 accounts are presented in £ sterling.
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
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
Revaluations
-
32,364
32,364
At 31 March 2024
545,287
408,892
954,179
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
At 31 March 2024
523,312
343,771
867,083
At 31 March 2023
533,072
327,395
860,467
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
5
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
332,519
350,381
Other creditors
15,084
25,733
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).