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REGISTERED NUMBER: OC436413 (England and Wales)












Unaudited Financial Statements

for the Year Ended 5 April 2024

for

Skyfall Farm & Stud LLP

Skyfall Farm & Stud LLP (Registered number: OC436413)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Skyfall Farm & Stud LLP

General Information
for the Year Ended 5 April 2024







DESIGNATED MEMBERS: D Lloyd
Miss J Pocock





REGISTERED OFFICE: The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA





REGISTERED NUMBER: OC436413 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

Skyfall Farm & Stud LLP (Registered number: OC436413)

Balance Sheet
5 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,006,880 2,961,602

CURRENT ASSETS
Stocks 5 41,353 57,244
Debtors 6 8,023 2,884
Cash at bank 1,019 4,348
50,395 64,476
CREDITORS
Amounts falling due within one year 7 4,997 7,362
NET CURRENT ASSETS 45,398 57,114
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,052,278

3,018,716

CREDITORS
Amounts falling due after more than one
year

8

1,044,611

1,309,345
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,007,667

1,709,371

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

865,077

566,781

MEMBERS' OTHER INTERESTS
Capital accounts 1,142,590 1,142,590
2,007,667 1,709,371

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 865,077 566,781
Members' other interests 1,142,590 1,142,590
2,007,667 1,709,371

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 5 April 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

Skyfall Farm & Stud LLP (Registered number: OC436413)

Balance Sheet - continued
5 April 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 30 January 2025 and were signed by:





D Lloyd - Designated member

Skyfall Farm & Stud LLP (Registered number: OC436413)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Skyfall Farm & Stud LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% reducing balance basis

Stocks
Stock has been valued at the lower of cost and net realisable value by the members.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to Plant and and
property property machinery fittings Totals
£    £    £    £    £   
COST
At 6 April 2023 2,451,935 349,326 209,589 33,141 3,043,991
Additions - 68,150 11,363 - 79,513
At 5 April 2024 2,451,935 417,476 220,952 33,141 3,123,504
DEPRECIATION
At 6 April 2023 - - 75,395 6,994 82,389
Charge for year - - 29,112 5,123 34,235
At 5 April 2024 - - 104,507 12,117 116,624
NET BOOK VALUE
At 5 April 2024 2,451,935 417,476 116,445 21,024 3,006,880
At 5 April 2023 2,451,935 349,326 134,194 26,147 2,961,602

5. STOCKS
2024 2023
£    £   
Stocks 41,353 57,244

Skyfall Farm & Stud LLP (Registered number: OC436413)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 8,023 2,884

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 1,364 -
Trade creditors 2,233 6,012
Accrued expenses 1,400 1,350
4,997 7,362

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans (see note 9) 1,043,247 1,309,345
Hire purchase contracts 1,364 -
1,044,611 1,309,345

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 1,043,247 1,309,345

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Other loans more 5yrs instal 1,043,247 1,309,345

10. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 865,077 566,781

Falling due within one year 865,077 566,781

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'.