Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-052024-04-05The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.7false2023-04-06No description of principal activity7falsetruefalse OC392485 2023-04-06 2024-04-05 OC392485 2022-04-06 2023-04-05 OC392485 2024-04-05 OC392485 2023-04-05 OC392485 c:Buildings 2023-04-06 2024-04-05 OC392485 c:Buildings 2024-04-05 OC392485 c:Buildings 2023-04-05 OC392485 c:Buildings c:OwnedOrFreeholdAssets 2023-04-06 2024-04-05 OC392485 c:Buildings c:LongLeaseholdAssets 2023-04-06 2024-04-05 OC392485 c:Buildings c:ShortLeaseholdAssets 2023-04-06 2024-04-05 OC392485 c:PlantMachinery 2023-04-06 2024-04-05 OC392485 c:PlantMachinery 2024-04-05 OC392485 c:PlantMachinery 2023-04-05 OC392485 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-04-06 2024-04-05 OC392485 c:OtherPropertyPlantEquipment 2023-04-06 2024-04-05 OC392485 c:OtherPropertyPlantEquipment 2024-04-05 OC392485 c:OtherPropertyPlantEquipment 2023-04-05 OC392485 c:OtherPropertyPlantEquipment c:OwnedOrFreeholdAssets 2023-04-06 2024-04-05 OC392485 c:OwnedOrFreeholdAssets 2023-04-06 2024-04-05 OC392485 c:CurrentFinancialInstruments 2024-04-05 OC392485 c:CurrentFinancialInstruments 2023-04-05 OC392485 c:Non-currentFinancialInstruments 2024-04-05 OC392485 c:Non-currentFinancialInstruments 2023-04-05 OC392485 c:CurrentFinancialInstruments c:WithinOneYear 2024-04-05 OC392485 c:CurrentFinancialInstruments c:WithinOneYear 2023-04-05 OC392485 c:Non-currentFinancialInstruments c:AfterOneYear 2024-04-05 OC392485 c:Non-currentFinancialInstruments c:AfterOneYear 2023-04-05 OC392485 d:FRS102 2023-04-06 2024-04-05 OC392485 d:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 OC392485 d:FullAccounts 2023-04-06 2024-04-05 OC392485 d:LimitedLiabilityPartnershipLLP 2023-04-06 2024-04-05 OC392485 d:PartnerLLP1 2023-04-06 2024-04-05 OC392485 e:PoundSterling 2023-04-06 2024-04-05 iso4217:GBP xbrli:pure

Registered number: OC392485









BARTON FIELD FARM EQUESTRIAN CENTRE LLP







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

 
BARTON FIELD FARM EQUESTRIAN CENTRE LLP
REGISTERED NUMBER: OC392485

BALANCE SHEET
AS AT 5 APRIL 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 3 
358,071
366,832

Current assets
  

Debtors: amounts falling due within one year
 4 
18,476
20,786

Cash at bank and in hand
  
82,147
95,325

  
100,623
116,111

Creditors: Amounts Falling Due Within One Year
 5 
(16,060)
(31,516)

Net current assets
  
 
 
84,563
 
 
84,595

Total assets less current liabilities
  
442,634
451,427

Creditors: amounts falling due after more than one year
 6 
(20,273)
(23,881)

Net assets
  
422,361
427,546


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 7 
422,361
427,546

  
422,361
427,546


Total members' interests
  

Loans and other debts due to members
 7 
422,361
427,546


The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

Page 1

 
BARTON FIELD FARM EQUESTRIAN CENTRE LLP
REGISTERED NUMBER: OC392485
    
BALANCE SHEET (CONTINUED)
AS AT 5 APRIL 2024

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 30 January 2025.




N Brown
Designated member

The notes on pages 3 to 7 form part of these financial statements.

Barton Field Farm Equestrian Centre LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.
Page 2

 
BARTON FIELD FARM EQUESTRIAN CENTRE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1.


General information

Barton Field Farm Equestrian Centre LLP ("the LLP") is a Limited Liability Partnership and is incorporated in England and Wales. The address of its registered office is Barton Field Farm, Wingham Road, Littlebourne, Kent, CT3 1UP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure.

Page 3

 
BARTON FIELD FARM EQUESTRIAN CENTRE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.Accounting policies (continued)

 
2.4

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following annual bases.


Bloodstock
-
20%
straight line
Plant and Machinery
-
20%
straight line
Buildings
-
5%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment. 

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
BARTON FIELD FARM EQUESTRIAN CENTRE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.Accounting policies (continued)

 
2.9

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.10

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
BARTON FIELD FARM EQUESTRIAN CENTRE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

3.


Tangible fixed assets





Land and Buildings
Plant and machinery
Bloodstock
Total

£
£
£
£



Cost


At 6 April 2023
390,103
2,168
30,550
422,821


Additions
-
-
6,000
6,000


Disposals
-
-
(8,000)
(8,000)



At 5 April 2024

390,103
2,168
28,550
420,821



Depreciation


At 6 April 2023
40,101
1,528
14,360
55,989


Charge for the year on owned assets
4,505
434
4,440
9,379


Disposals
-
-
(2,618)
(2,618)



At 5 April 2024

44,606
1,962
16,182
62,750



Net book value



At 5 April 2024
345,497
206
12,368
358,071



At 5 April 2023
350,002
640
16,190
366,832


4.


Debtors

2024
2023
£
£


Other debtors
18,476
20,786


Page 6

 
BARTON FIELD FARM EQUESTRIAN CENTRE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
6,000
6,516

Trade creditors
510
9,750

Accruals and deferred income
9,550
15,250

16,060
31,516



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
20,273
23,881



7.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
422,361
427,546

Loans and other debts due to members may be further analysed as follows:

2024
2023
£
£



Falling due within one year
422,361
427,546

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

 
Page 7