Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 OC416724 Mr James Atherton-Ham Mrs Mandy Atherton-Ham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC416724 2023-04-30 OC416724 2024-04-30 OC416724 2023-05-01 2024-04-30 OC416724 frs-core:CurrentFinancialInstruments 2024-04-30 OC416724 frs-bus:LimitedLiabilityPartnershipLLP 2023-05-01 2024-04-30 OC416724 frs-bus:LimitedLiabilityPartnershipsSORP 2023-05-01 2024-04-30 OC416724 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 OC416724 frs-bus:SmallEntities 2023-05-01 2024-04-30 OC416724 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 OC416724 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 OC416724 frs-countries:EnglandWales 2023-05-01 2024-04-30 OC416724 frs-bus:PartnerLLP1 2023-05-01 2024-04-30 OC416724 frs-bus:PartnerLLP2 2023-05-01 2024-04-30 OC416724 2022-04-30 OC416724 2023-04-30 OC416724 2022-05-01 2023-04-30 OC416724 frs-core:CurrentFinancialInstruments 2023-04-30
Registered number: OC416724
Kingsman Equine LLP
Unaudited Financial Statements
For The Year Ended 30 April 2024
TaxAssist Accountants - Royal Wootton Bassett
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: OC416724
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 30,116 40,116
Cash at bank and in hand 138 358
30,254 40,474
Creditors: Amounts Falling Due Within One Year 5 (1,310 ) (1,421 )
NET CURRENT ASSETS (LIABILITIES) 28,944 39,053
TOTAL ASSETS LESS CURRENT LIABILITIES 28,944 39,053
NET ASSETS ATTRIBUTABLE TO MEMBERS 28,944 39,053
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 15,434 15,434
15,434 15,434
Equity
Members' other interests
Members' capital 66,220 66,220
Other reserves (52,710) (42,601)
13,510 23,619
28,944 39,053
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 15,434 15,434
Members' other interests 13,510 23,619
28,944 39,053
Page 1
Page 2
For the year ending 30 April 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mr James Atherton-Ham
Designated Member
29/01/2025
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Kingsman Equine LLP is a limited liability partnership, incorporated in England & Wales, registered number OC416724 . The Registered Office is The Bell House, Bell Lane, Westbury-on-Severn, Gloucestershire, GL14 1PS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
4. Stocks
2024 2023
£ £
Finished goods 30,116 40,116
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 1,310 1,421
Page 3