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REGISTERED NUMBER: OC318185 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Lavant Equestrian LLP

Lavant Equestrian LLP (Registered number: OC318185)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Lavant Equestrian LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: Mrs L A J Thomson
A Thomson
C Thomson
Mrs A Ayling





REGISTERED OFFICE: 30B Southgate
Chichester
West Sussex
PO19 1DP





REGISTERED NUMBER: OC318185 (England and Wales)





ACCOUNTANTS: Robert Sadler & Company Ltd
Chartered Accountants
30B Southgate
Chichester
West Sussex
PO19 1DP

Lavant Equestrian LLP (Registered number: OC318185)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 369,280 343,848

CURRENT ASSETS
Stocks 105,950 108,250
Debtors 164,269 184,775
Cash at bank and in hand 42,527 18,673
312,746 311,698
CREDITORS
Amounts falling due within one year 597,166 567,964
NET CURRENT LIABILITIES (284,420 ) (256,266 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,860

87,582

CREDITORS
Amounts falling due after more than one
year

65,690

76,642
NET ASSETS ATTRIBUTABLE TO
MEMBERS

19,170

10,940

LOANS AND OTHER DEBTS DUE TO
MEMBERS

19,170

10,940

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 19,170 10,940
Amounts due from members (161,227 ) (182,393 )
(142,057 ) (171,453 )

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 31 March 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.

Lavant Equestrian LLP (Registered number: OC318185)

Abridged Balance Sheet - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 24 January 2025 and were signed by:





Mrs L A J Thomson - Designated member

Lavant Equestrian LLP (Registered number: OC318185)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Lavant Equestrian 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 represents income receivable from the operation of a riding stables and livery.

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 etc - 25% on reducing balance and 5% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 749,073
Additions 65,852
At 31 March 2024 814,925
DEPRECIATION
At 1 April 2023 405,225
Charge for year 40,420
At 31 March 2024 445,645
NET BOOK VALUE
At 31 March 2024 369,280
At 31 March 2023 343,848

5. RELATED PARTY DISCLOSURES

During the year agency fees of £500,000 (previous year £460,000) were due from Lavant Education Ltd, a company in which Mrs L Thomson is a director.