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REGISTERED NUMBER: OC375530 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

THE TALLAND SCHOOL OF EQUITATION LLP

THE TALLAND SCHOOL OF EQUITATION LLP (REGISTERED NUMBER: OC375530)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE TALLAND SCHOOL OF EQUITATION LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DESIGNATED MEMBERS: Mrs P N Hutton
W Hutton
Miss P J El Derby





REGISTERED OFFICE: Talland House
Dairy Farm
Ampney Knowle
Cirencester
Gloucestershire
GL7 5FD





REGISTERED NUMBER: OC375530 (England and Wales)





ACCOUNTANTS: William Hinton Limited
Chartered Accountants
Ross House
The Square
Stow On The Wold
Gloucestershire
GL54 1AF

THE TALLAND SCHOOL OF EQUITATION LLP (REGISTERED NUMBER: OC375530)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 635,419 643,114

CURRENT ASSETS
Stocks - 12,208
Debtors 5 41,003 77,788
Cash at bank and in hand 3,727 54,625
44,730 144,621
CREDITORS
Amounts falling due within one year 6 324,113 370,042
NET CURRENT LIABILITIES (279,383 ) (225,421 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

356,036

417,693

CREDITORS
Amounts falling due after more than one
year

7

102,394

126,104
NET ASSETS ATTRIBUTABLE TO
MEMBERS

253,642

291,589

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

253,642

291,589

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 253,642 291,589

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 May 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.

THE TALLAND SCHOOL OF EQUITATION LLP (REGISTERED NUMBER: OC375530)

BALANCE SHEET - continued
31 MAY 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 25 February 2025 and were signed by:





Mrs P N Hutton - Designated member

THE TALLAND SCHOOL OF EQUITATION LLP (REGISTERED NUMBER: OC375530)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

The Talland School of Equitation 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 etc - 25% per annum on cost and 20% per annum on cost

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.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 24 (2023 - 19 ) .

THE TALLAND SCHOOL OF EQUITATION LLP (REGISTERED NUMBER: OC375530)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 617,094 192,119 809,213
Additions - 2,250 2,250
At 31 May 2024 617,094 194,369 811,463
DEPRECIATION
At 1 June 2023 - 166,099 166,099
Charge for year - 9,945 9,945
At 31 May 2024 - 176,044 176,044
NET BOOK VALUE
At 31 May 2024 617,094 18,325 635,419
At 31 May 2023 617,094 26,020 643,114

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,034 76,422
Other debtors 4,969 1,366
41,003 77,788

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,000 20,113
Hire purchase contracts 4,257 5,889
Trade creditors 61,586 46,977
Taxation and social security 20,410 23,567
Other creditors 217,860 273,496
324,113 370,042

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 101,081 120,535
Hire purchase contracts 1,313 5,569
102,394 126,104

THE TALLAND SCHOOL OF EQUITATION LLP (REGISTERED NUMBER: OC375530)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


8. SECURED DEBTS

Limited guarantee given by Mr W Hutton and Mrs P Hutton for £100,000.

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

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'