Company No: OC398974 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	376,594		366,990
		376,594		366,990
Current assets
Stocks	4	77,860		82,329
Debtors	5	9,572		2,321
Cash at bank and in hand	6	1,633		4,368
		89,065		89,018
Creditors: amounts falling due within one year	7	( 11,119)		( 10,758)
Net current assets		77,946		78,260
Total assets less current liabilities		454,540		445,250
Creditors: amounts falling due after more than one year	8	( 2,000)		( 2,500)
Net assets attributable to members		452,540		442,750
Represented by
Members' other interests
Members' capital classified as equity		452,540		442,750
		452,540		442,750
		452,540		442,750
Total members' interests
Members' other interests		452,540		442,750
		452,540		442,750

For the financial year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Clarkstown Connemara Ponies Partnership LLP (registered number: OC398974) were approved and authorised for issue by the Board of Directors on 05 January 2026. They were signed on its behalf by:

E L A Rugman Designated member

J B Rugman Designated member

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Clarkstown Connemara Ponies Partnership LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Sands Farm Church Lane, Epwell, Banbury, OX15 6LD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Clarkstown Connemara Ponies Partnership LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the LLP operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The members have made an assessment in preparing these financial statements as to whether the LLP is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the LLP's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue relates to the sale of bloodstock and the provision of stallion and livery services.

Intangible assets

Basic Payment entitlements are included at their nil cost.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line methi.d

Depreciation is provided on the following bases:

Land and buildings	20 years straight line
	not depreciated
Plant and machinery	10 years straight line
Fixtures and fittings	6.67 years straight line
Computer equipment	4 years straight line
Other property, plant and equipment	4 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Bloodstock is stated at the lower of cost and net realisable value.

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Trade and other debtors and creditors are classified as basic financial instruments and measured at transaction price. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the LLP during the year	3		3

3. Tangible assets

	Land and buildings		Plant and machinery		Fixtures and fittings		Computer equipment		Other property, plant and equipment		Total
	£		£		£		£		£		£
Cost
At 01 April 2024	358,429		27,720		958		534		9,311		396,952
Additions	0		18,412		0		0		0		18,412
At 31 March 2025	358,429		46,132		958		534		9,311		415,364
Accumulated depreciation
At 01 April 2024	5,167		16,928		958		534		6,375		29,962
Charge for the financial year	5,167		1,781		0		0		1,860		8,808
At 31 March 2025	10,334		18,709		958		534		8,235		38,770
Net book value
At 31 March 2025	348,095		27,423		0		0		1,076		376,594
At 31 March 2024	353,262		10,792		0		0		2,936		366,990

4. Stocks

	2025		2024
	£		£
Other stock	77,860		82,329

At the year end there were 37 (2024: 33) horses in stock.

5. Debtors

	2025		2024
	£		£
Trade debtors	0		1,052
Other debtors	9,572		1,269
	9,572		2,321

6. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	1,633		4,368

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	7,741		7,158
Other loans	2,000		2,500
Accruals	1,378		1,100
	11,119		10,758

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	2,000		2,500

9. Ultimate controlling party

E L A Rugman is the controlling party of Clarkstown Connemara Ponies Partnership LLP by reference to her majority shareholding.