1 June 2023 false No description of principal activity Taxfiler 2024.6 OC437637business:LimitedLiabilityPartnershipLLP2023-06-012024-05-31 OC4376372023-05-31 OC4376372023-06-012024-05-31 OC437637business:AuditExempt-NoAccountantsReport2023-06-012024-05-31 OC437637business:FullAccounts2023-06-012024-05-31 OC4376372024-05-31 OC437637business:PartnerLLP12023-06-012024-05-31 OC437637business:PartnerLLP22023-06-012024-05-31 OC437637business:RegisteredOffice2023-06-012024-05-31 OC4376372023-05-31 OC437637core:WithinOneYear2024-05-31 OC437637core:WithinOneYear2023-05-31 OC437637core:AfterOneYear2024-05-31 OC437637core:AfterOneYear2023-05-31 OC437637core:RetainedEarningsAccumulatedLosses2024-05-31 OC437637core:RetainedEarningsAccumulatedLosses2023-05-31 OC437637business:SmallEntities2023-06-012024-05-31 OC437637core:PlantMachinery2023-06-012024-05-31 OC437637core:MotorVehicles2023-06-012024-05-31 OC437637core:FurnitureFittings2023-06-012024-05-31 OC437637countries:EnglandWales2023-06-012024-05-31 OC437637core:PlantMachinery2023-05-31 OC437637core:MotorVehicles2023-05-31 OC437637core:FurnitureFittings2023-05-31 OC437637core:PlantMachinery2024-05-31 OC437637core:MotorVehicles2024-05-31 OC437637core:FurnitureFittings2024-05-31 OC4376372022-06-012023-05-31 iso4217:GBP xbrli:pure
Registered No. OC437637 (England and Wales)
Finn Equestrian LLP Unaudited accounts for the year ended 31 May 2024
Finn Equestrian LLP LLP Information for the year ended 31 May 2024
Designated members
Karen Finn
Mark Finn
Registered Number
OC437637 (England and Wales)
Registered Office
Frethorne Stud New Road, Childrey Wantage OX12 9PG
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Finn Equestrian LLP Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
361,324 
332,721 
Current assets
Inventories
13,974 
13,974 
Debtors
2,110 
21,176 
Cash at bank and in hand
7,737 
100,982 
23,821 
136,132 
Creditors: amounts falling due within one year
(552,909)
(546,766)
Net current liabilities
(529,088)
(410,634)
Total assets less current liabilities
(167,764)
(77,913)
Creditors: amounts falling due after more than one year
(53,426)
(26,818)
Net liabilities attributable to members
(221,190)
(104,731)
Represented by:
Loans and other debts due to members
4,986 
53,027 
Members' other interests
Other reserves
(226,176)
(157,758)
(221,190)
(104,731)
Total members' interests
Loans and other debts due to members
4,986 
53,027 
Members' other interests
(226,176)
(157,758)
(221,190)
(104,731)
For the year ending 31 May 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 29 January 2025.
Karen Finn Designated member Limited Liability Partnership Registration No. OC437637
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Finn Equestrian LLP Notes to the Accounts for the year ended 31 May 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.
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:
Plant & machinery
15% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
15% reducing balance
2
Statutory information
Finn Equestrian LLP is a limited liability partnership, incorporated in England and Wales, registration number OC437637. Its registered office is Frethorne Stud New Road, , Childrey, Wantage, OX12 9PG.
3
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
16,844 
35,950 
361,710 
414,504 
Additions
10,000 
55,000 
17,068 
82,068 
At 31 May 2024
26,844 
90,950 
378,778 
496,572 
Depreciation
At 1 June 2023
4,952 
9,032 
67,799 
81,783 
Charge for the year
1,784 
5,384 
46,297 
53,465 
At 31 May 2024
6,736 
14,416 
114,096 
135,248 
Net book value
At 31 May 2024
20,108 
76,534 
264,682 
361,324 
At 31 May 2023
11,892 
26,918 
293,911 
332,721 
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
533,931 
536,293 
Obligations under finance leases and hire purchase contracts
14,082 
5,577 
Trade creditors
4,896 
4,896 
552,909 
546,766 
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Finn Equestrian LLP Notes to the Accounts for the year ended 31 May 2024
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
53,426 
26,818 
6
Loans and other debts due to members
2024 
2023 
£ 
£ 
Loans from members
4,986 
53,027 
Amounts falling due within one year
4,986 
53,027 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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