REGISTERED NUMBER: OC432739 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

KIRKLEVINGTON RIDING CENTRE LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Ms J Brooks

E I L Tate

REGISTERED OFFICE:

Kirkwood House

Kirklevington

Yarm

United Kingdom

TS15 9PZ

REGISTERED NUMBER:

OC432739 (England and Wales)

ACCOUNTANTS:

Fawcetts LLP

Chartered Accountants

Windover House

St. Ann Street

Salisbury

SP1 2DR

FIXED ASSETS

Tangible assets

4

617,096

627,834

CURRENT ASSETS

Stocks

21,500

35,775

Debtors

5

18,822

276

Cash at bank

10

11

40,332

36,062

CREDITORS

Amounts falling due within one year

6

27,320

24,368

NET CURRENT ASSETS

13,012

11,694

TOTAL ASSETS LESS CURRENT LIABILITIES

630,108

639,528

CREDITORS

Amounts falling due after more than one year

7

31,623

36,300

NET ASSETS ATTRIBUTABLE TO MEMBERS

598,485

603,228

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

148,485

153,228

MEMBERS' OTHER INTERESTS

Capital accounts

450,000

450,000

598,485

603,228

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

148,485

153,228

Members' other interests

450,000

450,000

Amounts due from members

5

(18,492

)

-

579,993

603,228

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 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 23 December 2025 and were signed by:

Ms J Brooks - Designated member

1.	STATUTORY INFORMATION

Kirklevington Riding Centre 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.

Freehold property

-

Not depreciated

Improvements to property

-

10% on reducing balance

Plant and machinery

-

25% on reducing balance

Stocks

Stocks of horses are included at the lower of cost and net realisable value.

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.

Debtors

Debtors are measured at their recoverable amount.

Creditors and provisions

Creditors and provisions are recognised where the limited liability partnership has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

Totals

£

£

£

£

COST

At 1 April 2024

450,000

172,566

78,239

700,805

Additions

-

-

19,800

19,800

At 31 March 2025

450,000

172,566

98,039

720,605

DEPRECIATION

At 1 April 2024

-

46,766

26,205

72,971

Charge for year

-

12,580

17,958

30,538

At 31 March 2025

-

59,346

44,163

103,509

NET BOOK VALUE

At 31 March 2025

450,000

113,220

53,876

617,096

At 31 March 2024

450,000

125,800

52,034

627,834

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts due from members

18,492

-

Other debtors

49

-

Prepayments

281

276

18,822

276

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

14,002

14,633

Hire purchase contracts

10,841

6,800

Social security and other taxes

-

758

Other creditors

270

-

Accrued expenses

2,207

2,177

27,320

24,368

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bounce bank loan 1-2 yrs

2,500

10,000

Bounce back loan 2-5 yrs

-

2,500

Hire purchase contracts

29,123

23,800

31,623

36,300

8.

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 the LLP ceasing.