Stockton Hall Farm Racing LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: OC439288

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,402,553		1,951,138
Right-of-use Assets	5		41,804		-

			2,444,357		1,951,138
CURRENT ASSETS
Stocks	6	85,621		58,450
Debtors	7	412,031		288,691
Cash at bank and in hand		27,610		23,779

		525,262		370,920
Creditors: Amounts Falling Due Within One Year	8	(946,208 )		(611,745 )

NET CURRENT ASSETS (LIABILITIES)			(420,946 )		(240,825 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,023,411		1,710,313

Creditors: Amounts Falling Due After More Than One Year	9		(1,768,976 )		(1,354,023 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			254,435		356,290

REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability		21,218		21,218
Other amounts		233,217		335,072

			254,435		356,290

			254,435		356,290

TOTAL MEMBERS' INTEREST
Loans and other debts due to members			254,435		356,290

			254,435		356,290

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Stockton Hall Farm Racing LLP

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

O C Greenall Designated Member	J T Guerriero Designated Member
28/08/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Stockton Hall Farm Racing LLP is a limited liability partnership, incorporated in England & Wales, registered number OC439288 . The Registered Office is Stockton Hall Farm, Oldcastle, Malpas, Cheshire, SY14 7AE.

2. Accounting Policies

2.1. Early Adoption of Amendments to FRS 102 (Periodic Review 2024)

The LLP has early adopted the amendments to FRS 102, arising from the Financial Reporting Council's Periodic Review 2024, issued in March 2024. These amendments are effective for accounting periods beginning on or after 1 January 2026, but the LLP has elected to apply them in these financial statements for the year ended 31 March 2026.

The amendments primarily affect the LLP's accounting for the leasing of a horsebox, MW25 WUM. This asset has been analysed as a 'Right of Use' asset and included on the Balance Sheet with depreciaiton and interst charged in the Profit and Loss Account rather than the physical leasing costs being charged as an expense in the Profit and Loss Account.

The impact of early adoption has resulted in an increase in fixed assets and, conversely, an increase in the liabilities reflected on the Balance Sheet along with an effective rate of interest and depreciation charged to profit.

Further details of the transition and the effect on the financial statements are provided in the notes.

2.2. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in May 2024 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Sale of goods

Turnover from the sale of goods (merchandise) is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point of sale.

Rendering of services

Turnover from the rendering of services is recognised on a monthly basis by the issue of sales invoices.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0%
Leasehold	10% and 20% straight line
Plant & Machinery	20% straight line
Motor Vehicles	20% reducing balance
Fixtures & Fittings	10% straight line
Computer Equipment	33% straight line

2.5. Leases

2.6. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads relating to horses in stock, feed, bedding, medicines and merchandising held.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 27 (2025: 23)

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Stockton Hall Farm Racing LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost
As at 1 April 2025	1,737,397	175,795	45,793	63,845
Additions	466,108	-	17,681	-

As at 31 March 2026	2,203,505	175,795	63,474	63,845

Depreciation
As at 1 April 2025	-	38,180	20,299	17,663
Provided during the period	-	18,173	6,600	9,236

As at 31 March 2026	-	56,353	26,899	26,899

Net Book Value
As at 31 March 2026	2,203,505	119,442	36,575	36,946

As at 1 April 2025	1,737,397	137,615	25,494	46,182


	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	4,661	2,596	2,030,087
Additions	986	1,868	486,643

As at 31 March 2026	5,647	4,464	2,516,730

Depreciation
As at 1 April 2025	533	2,274	78,949
Provided during the period	520	699	35,228

As at 31 March 2026	1,053	2,973	114,177

Net Book Value
As at 31 March 2026	4,594	1,491	2,402,553

As at 1 April 2025	4,128	322	1,951,138

5. Right-of-use Assets

	Motor Vehicles
	£
Cost
As at 1 April 2025	-
Additions	51,895

As at 31 March 2026	51,895

...CONTINUED

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Stockton Hall Farm Racing LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Depreciation
As at 1 April 2025	-
Provided during the period	10,091

As at 31 March 2026	10,091

Net Book Value
As at 31 March 2026	41,804

As at 1 April 2025	-

6. Stocks

	2026	2025
	£	£
Stock	85,621	58,450

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	358,162	266,989
Other debtors	53,869	21,702

	412,031	288,691

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	28,691	10,257
Trade creditors	695,797	389,302
Bank loans and overdrafts	98,255	62,508
Other creditors	39,186	58,895
Taxation and social security	84,279	90,783

	946,208	611,745

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	47,746	28,420
Bank loans	1,721,230	1,325,603

	1,768,976	1,354,023

A long-term bank loan, drawn down September 2022, provided by National Westminster Bank Plc, was used to fund the purchase of Tanners Barn, The Paddock, Dog Lane, Oldcastle, Malpas, Cheshire. This loan is secured on the same property. As at 31 March 2026 the amount outstanding was £326,388 (2025: £335,262).

A second long-term bank loan, also provided by National Westminster Bank Plc, was drawn down in December 2024 for the purpose of purchasing land and buildings at Dog Lane Farm and Hunters Barn, The Paddock, Dog Lane, Oldcastle, Malpas, Cheshire. This loan is secured on Tanners Barn (above), the land purchased at Dog Lane Farm and Dickins House, Chorlton Lane, Malpas. The latter property is owned by The Hon. O C Greenall, personally. As at 31 March 2026 the amount outstanding was £999,205 (2025: £1,014,780).

A further long-term bank loan, of £420,000, provided by National Westminster bank Plc, was drawn down in March 2026. The purpose of this loan was to purchase 55.15 acres of land West of Preston Hall Farm, Malpas, Cheshire. This loan is secured on this same land along with the land and properties on which the previous loans are secured.

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Stockton Hall Farm Racing LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2026		2025
	£		£
Bank loans	1,602,287		-

10. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	28,691	10,257
Later than one year and not later than five years	47,746	28,420

	76,437	38,677

	76,437	38,677

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