IRIS Accounts Production v25.1.4.42 SO304939 designated member designated member 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSO3049392023-12-31SO3049392024-12-31SO3049392024-01-012024-12-31SO3049392022-12-31SO3049392023-01-012023-12-31SO3049392023-12-31SO304939ns15:Scotland2024-01-012024-12-31SO304939ns14:PoundSterling2024-01-012024-12-31SO304939ns10:PartnerLLP12024-01-012024-12-31SO304939ns10:PartnerLLP22024-01-012024-12-31SO304939ns10:LimitedLiabilityPartnershipLLP2024-01-012024-12-31SO304939ns10:SmallEntities2024-01-012024-12-31SO304939ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-31SO304939ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-31SO304939ns10:LimitedLiabilityPartnershipsSORP2024-01-012024-12-31SO304939ns10:FullAccounts2024-01-012024-12-31SO304939ns10:RegisteredOffice2024-01-012024-12-31SO304939ns5:CurrentFinancialInstruments2024-12-31SO304939ns5:CurrentFinancialInstruments2023-12-31SO304939ns5:PlantMachinery2024-01-012024-12-31SO304939ns5:FurnitureFittings2024-01-012024-12-31SO304939ns5:MotorVehicles2024-01-012024-12-31SO304939ns5:PlantMachinery2023-12-31SO304939ns5:FurnitureFittings2023-12-31SO304939ns5:MotorVehicles2023-12-31SO304939ns5:PlantMachinery2024-12-31SO304939ns5:FurnitureFittings2024-12-31SO304939ns5:MotorVehicles2024-12-31SO304939ns5:PlantMachinery2023-12-31SO304939ns5:FurnitureFittings2023-12-31SO304939ns5:MotorVehicles2023-12-31
REGISTERED NUMBER: SO304939 (Scotland)
















Financial Statements

for the Year Ended 31 December 2024

for

Fergushill Riding Stables LLP

Fergushill Riding Stables LLP (Registered number: SO304939)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fergushill Riding Stables LLP

General Information
for the Year Ended 31 December 2024







DESIGNATED MEMBERS: Evelyn Aitken
Gillian Beattie





REGISTERED OFFICE: Broomhill Farm
Kilwinning
Ayrshire
KA13 7RF





REGISTERED NUMBER: SO304939 (Scotland)





ACCOUNTANTS: Gillespie & Anderson
Chartered Accountants
Westburn Business Centre
McNee Road
Prestwick
KA9 2PB

Fergushill Riding Stables LLP (Registered number: SO304939)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,386 5,905

CURRENT ASSETS
Cash at bank 4,294 3,412

CREDITORS
Amounts falling due within one year 5 3,502 3,776
NET CURRENT ASSETS/(LIABILITIES) 792 (364 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,178

5,541

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

3,078

5,441

MEMBERS' OTHER INTERESTS
Capital accounts 100 100
3,178 5,541

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 3,078 5,441
Members' other interests 100 100
3,178 5,541

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 December 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.

Fergushill Riding Stables LLP (Registered number: SO304939)

Balance Sheet - continued
31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 11 June 2025 and were signed by:




Evelyn Aitken - Designated member




Gillian Beattie - Designated member


Fergushill Riding Stables LLP (Registered number: SO304939)

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

1. STATUTORY INFORMATION

Fergushill Riding Stables LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Going Concern
The members monitor the LLP's working capital requirements on a regular basis to ensure the LLP has sufficient resources to meet commitments as they fall due. From time to time members will provide financial assistance by introducing capital. On this basis, the accounts have been prepared on a going concern basis.

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.
Equipment - 15% on cost
Ponies - at varying rates on cost
Tractor - 15% on cost

Taxation
No provision is made in the accounts in respect of tax due by the individual partners on their profit share. Tax paid by the partnership to satisfy partners tax liabilities is charged to their respective capital account balances.

Cash and cash equivalents
Cash and cash equivalents comprise cash held by the LLP and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 5 (2023 - 3 ) .

Fergushill Riding Stables LLP (Registered number: SO304939)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Equipment Ponies Tractor Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 19,963 5,310 4,800 30,073
DEPRECIATION
At 1 January 2024 16,577 3,631 3,960 24,168
Charge for year 2,135 664 720 3,519
At 31 December 2024 18,712 4,295 4,680 27,687
NET BOOK VALUE
At 31 December 2024 1,251 1,015 120 2,386
At 31 December 2023 3,386 1,679 840 5,905

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,502 3,776

6. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 3,078 5,441

Falling due within one year 3,078 5,441

Members' interests are subordinated to bank borrowings. Loans and other debts due to members rank equally with unsecured creditors in the event of a winding up. Members' other interests, represented by members' capital (classified as equity), rank after unsecured creditors

7. CONTROLLING PARTY

The Limited Liability Partnership is under the control of Mrs Evelyn Aitken and Mrs Gillian Beattie.

8. DEBTS DUE TO MEMBERS

Members' interests are subordinated to bank borrowings. Loans and other debts due to members rank equally with unsecured creditors in the event of a winding up. Members' other interests, represented by members' capital (classified as equity), rank after unsecured creditors