1 April 2025 false Taxfiler 2024.6 OC397448 business:LimitedLiabilityPartnershipLLP 2025-04-01 2026-03-31 OC397448 2025-03-31 OC397448 2025-04-01 2026-03-31 OC397448 business:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 OC397448 business:FilletedAccounts 2025-04-01 2026-03-31 OC397448 2026-03-31 OC397448 business:PartnerLLP1 2025-04-01 2026-03-31 OC397448 business:PartnerLLP2 2025-04-01 2026-03-31 OC397448 business:RegisteredOffice 2025-04-01 2026-03-31 OC397448 2025-03-31 OC397448 core:WithinOneYear 2026-03-31 OC397448 core:WithinOneYear 2025-03-31 OC397448 core:AfterOneYear 2026-03-31 OC397448 core:AfterOneYear 2025-03-31 OC397448 business:SmallEntities 2025-04-01 2026-03-31 OC397448 core:MotorVehicles 2025-04-01 2026-03-31 OC397448 core:FurnitureFittings 2025-04-01 2026-03-31 OC397448 countries:EnglandWales 2025-04-01 2026-03-31 OC397448 core:Goodwill 2025-03-31 OC397448 core:Goodwill 2026-03-31 OC397448 core:Goodwill 2025-04-01 2026-03-31 OC397448 core:LandBuildings 2025-03-31 OC397448 core:MotorVehicles 2025-03-31 OC397448 core:FurnitureFittings 2025-03-31 OC397448 core:LandBuildings 2025-04-01 2026-03-31 OC397448 core:LandBuildings 2026-03-31 OC397448 core:MotorVehicles 2026-03-31 OC397448 core:FurnitureFittings 2026-03-31 OC397448 core:WithinOneYear 2025-04-01 2026-03-31 OC397448 core:AfterOneYear 2025-04-01 2026-03-31 OC397448 core:BetweenOneFiveYears 2026-03-31 OC397448 core:BetweenOneFiveYears 2025-03-31 OC397448 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Registered No. OC397448 (England and Wales)
Cheltenham Equine Vets LLP Unaudited accounts for the year ended 31 March 2026
Cheltenham Equine Vets LLP LLP Information for the year ended 31 March 2026
Designated members
Miss A L Gorman
Mrs E J Travis
Registered Number
OC397448 (England and Wales)
Registered Office
Unit 14 Twigworth Court Business Centre Tewkesbury Road Twigworth Gloucestershire GL2 9PJ
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Cheltenham Equine Vets LLP Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Intangible assets
3
-
14,323
Tangible assets
4
66,532
54,650
66,532
68,973
Current assets
Inventories
18,165
17,339
Debtors
56,539
49,083
Cash at bank and in hand
13,680
38,393
88,384
104,815
Creditors: amounts falling due within one year
5
(73,267)
(82,073)
Net current assets
15,117
22,742
Total assets less current liabilities
81,649
91,715
Creditors: amounts falling due after more than one year
6
(107,827)
(122,670)
Net liabilities attributable to members
(26,178)
(30,955)
Represented by:
Loans and other debts due to members
7
(26,178)
(30,955)
(26,178)
(30,955)
Total members' interests
Loans and other debts due to members
(26,178)
(30,955)
(26,178)
(30,955)
For the year ending 31 March 2026 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 3 July 2026.
Mrs E J Travis Designated member Limited Liability Partnership Registration No. OC397448
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Cheltenham Equine Vets LLP Notes to the Accounts for the year ended 31 March 2026
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation calculated at 10% straight line basis.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Straight Line basis
Fixtures & fittings
15 - 25% Straight Line and Reducing Balance basis
2
Statutory information
Cheltenham Equine Vets LLP is a limited liability partnership, incorporated in England and Wales, registration number OC397448. Its registered office is Unit 14 Twigworth Court Business Centre, Tewkesbury Road, Twigworth, Gloucestershire, GL2 9PJ.
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2025
179,720
At 31 March 2026
179,720
Amortisation
At 1 April 2025
165,397
Charge for the year
14,323
At 31 March 2026
179,720
Net book value
At 31 March 2026
-
At 31 March 2025
14,323
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Cheltenham Equine Vets LLP Notes to the Accounts for the year ended 31 March 2026
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2025
2,277
7,500
118,011
127,788
Additions
-
23,708
13,232
36,940
Disposals
-
-
(1,440)
(1,440)
At 31 March 2026
2,277
31,208
129,803
163,288
Depreciation
At 1 April 2025
910
6,719
65,509
73,138
Charge for the year
455
1,769
21,394
23,618
At 31 March 2026
1,365
8,488
86,903
96,756
Net book value
At 31 March 2026
912
22,720
42,900
66,532
At 31 March 2025
1,367
781
52,502
54,650
5
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
6,619
12,000
Obligations under finance leases and hire purchase contracts
8,052
9,276
Trade creditors
29,769
29,702
Taxes and social security costs
18,941
22,572
Other creditors
5,277
3,962
Accruals
4,609
4,561
73,267
82,073
The hire purchase liabilities and bank loans are secured.
6
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
105,532
112,324
Obligations under finance leases and hire purchase contracts
2,295
10,346
107,827
122,670
The hire purchase liabilities and bank loans are secured.
7
Loans and other debts due to members
2026
2025
£
£
Loans from members
44,178
44,178
Amounts due to members in respect of profits
(70,356)
(75,133)
(26,178)
(30,955)
Amounts falling due within one year
(26,178)
(30,955)
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
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Cheltenham Equine Vets LLP Notes to the Accounts for the year ended 31 March 2026
8
Operating lease commitments
2026
2025
£
£
Total commitments under non-cancellable operating leases are as follows:
Operating leases expiring:
Within one year
17,691
15,125
2 - 5 years
34,191
-
51,882
15,125
9
Average number of employees
During the year the average number of employees was 6 (2025: 8).
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