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
Registered Number
OC437637 (England and Wales)
Registered Office
Frethorne Stud New Road,
Childrey
Wantage
OX12 9PG
Finn Equestrian LLP
Statement of financial position
as at 31 May 2024
Tangible assets
361,324
332,721
Cash at bank and in hand
7,737
100,982
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)
Loans and other debts due to members
4,986
53,027
Other reserves
(226,176)
(157,758)
Loans and other debts due to members
4,986
53,027
Members' other interests
(226,176)
(157,758)
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
Finn Equestrian LLP
Notes to the Accounts
for the year ended 31 May 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.
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
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
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
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
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).