REGISTERED NUMBER: SO302519 (Scotland)

Unaudited Financial Statements for the Year Ended 31st December 2024

for

Kenmuir Equestrian Services LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

Mrs L Smith

P J Smith

REGISTERED OFFICE:

Kenmuir House

Kenmuir Sawmills

Dalbeattie

Kirkcudbrightshire

DG5 4PL

REGISTERED NUMBER:

SO302519 (Scotland)

ACCOUNTANTS:

Farries Kirk & McVean

Dumfries Enterprise Park

Heathhall

Dumfries

DUMFRIESSHIRE

DG1 3SJ

FIXED ASSETS

Tangible assets

4

161,224

113,129

CURRENT ASSETS

Debtors

5

6,816

5,099

Prepayments and accrued income

199,800

161,970

Cash at bank and in hand

6,077

73

212,693

167,142

CREDITORS

Amounts falling due within one year

6

15,626

9,113

NET CURRENT ASSETS

197,067

158,029

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

358,291

271,158

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

358,291

271,158

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

358,291

271,158

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 31st 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.

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 16th December 2025 and were signed by:

Mrs L Smith - Designated member

1.	STATUTORY INFORMATION

Kenmuir Equestrian Services LLP is registered in Scotland. 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 various equine and canine services and holiday house lets, 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

-

15% on reducing balance

Computer equipment

-

33% on cost

Financial instruments

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2024

258,387

Additions

96,323

At 31st December 2024

354,710

DEPRECIATION

At 1st January 2024

145,258

Charge for year

48,228

At 31st December 2024

193,486

NET BOOK VALUE

At 31st December 2024

161,224

At 31st December 2023

113,129

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

6,816

3,456

Other debtors

-

1,643

6,816

5,099

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

1,584

2,335

Trade creditors

12,892

5,628

Other creditors

1,150

1,150

15,626

9,113

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2024

2023

£

£

Amounts owed to members in respect of profits

358,291

271,158

Falling due within one year

358,291

271,158

Trade and other creditors rank over loans and other debts due to members