REGISTERED NUMBER: OC420804 (England and Wales)

Unaudited Financial Statements

for the Year Ended 5 April 2025

for

Ridgeway Farm Stud LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

R F Stones

T J W Duthie

REGISTERED OFFICE:

Ridgeway Farm

Sailors Lane

Thursley

Godalming

Surrey

GU8 6QP

REGISTERED NUMBER:

OC420804 (England and Wales)

ACCOUNTANTS:

Butler & Co Alresford Limited

Chartered Accountants

The Old Stables

Sutton Manor Farm

Bishops Sutton

Alresford

Hampshire

SO24 0AA

FIXED ASSETS

Tangible assets

4

386,092

400,330

CURRENT ASSETS

Stocks

614,602

920,761

Debtors

5

1,798,697

1,631,072

Cash at bank

65,600

85,463

2,478,899

2,637,296

CREDITORS

Amounts falling due within one year

6

49,369

58,576

NET CURRENT ASSETS

2,429,530

2,578,720

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,815,622

2,979,050

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

2,815,622

2,979,050

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

2,815,622

2,979,050

Amounts due from members

5

(1,777,688

)

(1,562,518

)

1,037,934

1,416,532

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 5 April 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 18 December 2025 and were signed by:

R F Stones - Designated member

1.	STATUTORY INFORMATION

Ridgeway Farm Stud 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 represents net invoiced sales of goods and services, excluding value added tax.

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

-

25% reducing balance basis

Fixtures and fittings

-

25% reducing balance basis

Motor vehicles

-

25% reducing balance basis

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value at the year end by the members. When calculating the cost figure this includes the cost of production of the horses.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Improvements

Peppermill

to

Plant and

Sculpture

property

machinery

£

£

£

COST

At 6 April 2024

83,332

247,284

126,869

Additions

-

-

6,225

Disposals

-

-

(3,500

)

At 5 April 2025

83,332

247,284

129,594

DEPRECIATION

At 6 April 2024

-

-

93,702

Charge for year

-

-

9,356

Eliminated on disposal

-

-

(1,531

)

At 5 April 2025

-

-

101,527

NET BOOK VALUE

At 5 April 2025

83,332

247,284

28,067

At 5 April 2024

83,332

247,284

33,167

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 6 April 2024

91,471

48,980

1,642

599,578

Additions

-

-

-

6,225

Disposals

-

-

-

(3,500

)

At 5 April 2025

91,471

48,980

1,642

602,303

DEPRECIATION

At 6 April 2024

70,422

33,482

1,642

199,248

Charge for year

5,263

3,875

-

18,494

Eliminated on disposal

-

-

-

(1,531

)

At 5 April 2025

75,685

37,357

1,642

216,211

NET BOOK VALUE

At 5 April 2025

15,786

11,623

-

386,092

At 5 April 2024

21,049

15,498

-

400,330

Improvements to property relate to a freehold property that is owned by Mrs R F Stones but held outside of the LLP. It has been made available to the LLP during the year.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

15,000

50,145

Amounts due from members

1,777,688

1,562,518

VAT

6,009

18,409

1,798,697

1,631,072

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

28,685

38,378

Trade creditors

24,872

22,007

Social security and other taxes

(7,073

)

(7,073

)

Accrued expenses

2,885

5,264

49,369

58,576

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

2,815,622

2,979,050

Falling due within one year

2,815,622

2,979,050

In the event of a winding up other unsecured creditors of the LLP will take priority over any loans and other debts due to members.