Registration number:
Sheridan Racing LLP
for the Year Ended 30 March 2025
Sheridan Racing LLP
Contents
|
Financial Statements |
|
|
Balance Sheet |
|
|
Notes to the Financial Statements |
Sheridan Racing LLP
(Registration number: OC314201)
Balance Sheet as at 30 March 2025
|
Note |
2025 |
2024 |
|
|
Fixed assets |
|||
|
Tangible assets |
|
|
|
|
Current assets |
|||
|
Debtors |
|
|
|
|
Cash and short-term deposits |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Net assets attributable to members |
|
|
|
|
Represented by: |
|||
|
Members’ other interests |
|||
|
Other reserves |
|
|
|
|
54,335 |
140,410 |
||
|
Total members' interests |
|||
|
Equity |
|
|
|
|
54,335 |
140,410 |
For the year ending 30 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.
These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.
The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.
Sheridan Racing LLP
(Registration number: OC314201)
Balance Sheet as at 30 March 2025
The financial statements of Sheridan Racing LLP (registered number OC314201) were approved by the
|
......................................... |
Sheridan Racing LLP
Notes to the Financial Statements for the Year Ended 30 March 2025
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
General information and basis of accounting
The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of Sheridan Racing LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.
|
Particulars of employees |
The average number of persons employed by the LLP (including members) during the year, was
Sheridan Racing LLP
Notes to the Financial Statements for the Year Ended 30 March 2025
|
Tangible fixed assets |
|
Motor vehicles |
Total |
|
|
Cost |
||
|
At 31 March 2024 |
|
|
|
At 30 March 2025 |
|
|
|
Depreciation |
||
|
At 30 March 2025 |
- |
- |
|
Net book value |
||
|
At 30 March 2025 |
|
|
|
At 30 March 2024 |
|
|
|
Debtors |
|
2025 |
2024 |
|
|
Other debtors |
|
|
|
Total current trade and other debtors |
34,909 |
29,811 |
|
Creditors: Amounts falling due within one year |
|
2025 |
2024 |
|
|
Trade creditors |
|
|
|
Other creditors |
|
- |
|
Taxation and social security |
|
|
|
|
|