REGISTERED NUMBER: OC430869 (England and Wales)

Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

BR Johnson Racing LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Mrs V J Johnson

B Johnson

REGISTERED OFFICE:

Old Printers Yard

156 South Street

Dorking

Surrey

RH4 2HF

REGISTERED NUMBER:

OC430869 (England and Wales)

ACCOUNTANTS:

Bullimores LLP

Chartered Accountants

Old Printers Yard

156 South Street

Dorking

Surrey

RH4 2HF

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of race horse training.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mrs V J Johnson

B Johnson

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £15,297 (2024 - £11,348 profit).

MEMBERS' INTERESTS

The LLP operates a drawings policy which allows constant monthly withdrawals based on a prudent estimate of the business's expected performance and the available cash reserves.

ON BEHALF OF THE MEMBERS:

Mrs V J Johnson - Designated member

9 December 2025

TURNOVER

58,326

200,172

Cost of sales

34,894

116,608

GROSS PROFIT

23,432

83,564

Administrative expenses

54,297

71,629

(30,865

)

11,935

Other operating income

16,075

-

(14,790

)

11,935

Interest payable and similar expenses

507

587

(LOSS)/PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES

4

(15,297

)

11,348

FIXED ASSETS

Tangible assets

5

754,945

768,068

CURRENT ASSETS

Debtors

6

3,008

18,176

Cash at bank

774

2,071

3,782

20,247

CREDITORS

Amounts falling due within one year

7

22,534

19,355

NET CURRENT (LIABILITIES)/ASSETS

(18,752

)

892

TOTAL ASSETS LESS CURRENT LIABILITIES

736,193

768,960

CREDITORS

Amounts falling due after more than one year

8

6,600

13,200

NET ASSETS ATTRIBUTABLE TO MEMBERS

729,593

755,760

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

729,593

755,760

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

729,593

755,760

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 2025.

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

The financial statements were approved by the members of the LLP and authorised for issue on 9 December 2025 and were signed by:

Mrs V J Johnson - Designated member

1.	STATUTORY INFORMATION

BR Johnson Racing 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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - 2 ).

4.	(LOSS)/PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES

The loss for the financial year before members' remuneration and profit shares (2024 - profit) is stated after charging:

31.3.25

31.3.24

£

£

Depreciation - owned assets

13,123

14,966

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

518,159

309,663

827,822

DEPRECIATION

At 1 April 2024

-

59,754

59,754

Charge for year

-

13,123

13,123

At 31 March 2025

-

72,877

72,877

NET BOOK VALUE

At 31 March 2025

518,159

236,786

754,945

At 31 March 2024

518,159

249,909

768,068

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

3,008

18,176

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,687

6,600

Trade creditors

5,748

9,829

Taxation and social security

3,841

920

Other creditors

2,258

2,006

22,534

19,355

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

6,600

13,200

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