REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements |
for the Year Ended 31 March 2023 |
for |
The Coniston Shooting Ground LLP |
REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements |
for the Year Ended 31 March 2023 |
for |
The Coniston Shooting Ground LLP |
The Coniston Shooting Ground LLP (Registered number: OC304335) |
Contents of the Financial Statements |
for the Year Ended 31 March 2023 |
Page |
General Information | 1 |
Report of the Members | 2 |
Income Statement | 3 |
Other Comprehensive Income | 4 |
Statement of Financial Position | 5 |
Reconciliation of Members' Interests | 7 |
Notes to the Financial Statements | 9 |
The Coniston Shooting Ground LLP |
General Information |
for the Year Ended 31 March 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Russell Chambers |
61a North Street |
Keighley |
West Yorkshire |
BD21 3DS |
The Coniston Shooting Ground LLP (Registered number: OC304335) |
Report of the Members |
for the Year Ended 31 March 2023 |
The members present their report with the financial statements of the LLP for the year ended 31 March 2023. |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of the running of the shooting ground on the Coniston Hall estate. |
DESIGNATED MEMBERS |
The designated members during the year under review were: |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £85,467 (2022 - £182,995 profit). |
MEMBERS' INTERESTS |
Members are permitted to make drawings in anticipation of profits which will be allocated to them. |
New members are required to subscribe a minimum level of capital. Capital repayment is at the discretion of the members. |
During the year £nil was transferred from members' equity interests to debts due to members. |
ON BEHALF OF THE MEMBERS: |
The Coniston Shooting Ground LLP (Registered number: OC304335) |
Income Statement |
for the Year Ended 31 March 2023 |
31.3.23 | 31.3.22 |
Notes | £ | £ |
TURNOVER |
Cost of sales | ( |
) | ( |
) |
GROSS PROFIT |
Administrative expenses | ( |
) | ( |
) |
75,002 | 149,527 |
Other operating income |
OPERATING PROFIT | 5 |
Interest receivable and similar income |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
85,467 |
182,995 |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
85,467 |
182,995 |
Members' remuneration charged as an expense |
6 |
(45,000 |
) |
(43,474 |
) |
PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
The Coniston Shooting Ground LLP (Registered number: OC304335) |
Other Comprehensive Income |
for the Year Ended 31 March 2023 |
31.3.23 | 31.3.22 |
Notes | £ | £ |
PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
OTHER COMPREHENSIVE INCOME | - | - |
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
The Coniston Shooting Ground LLP (Registered number: OC304335) |
Statement of Financial Position |
31 March 2023 |
31.3.23 | 31.3.22 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 7 |
CURRENT ASSETS |
Stocks |
Debtors | 8 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 9 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
630,189 |
667,829 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
10 |
- |
37,640 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 630,189 | 630,189 |
630,189 | 667,829 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 10 | - | 37,640 |
Members' other interests | 630,189 | 630,189 |
Amounts due from members | 8 | (61,835 | ) | (801 | ) |
568,354 | 667,028 |
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 Coniston Shooting Ground LLP (Registered number: OC304335) |
Statement of Financial Position - continued |
31 March 2023 |
The financial statements were approved by the members of the LLP and authorised for issue on |
The Coniston Shooting Ground LLP (Registered number: OC304335) |
Reconciliation of Members' Interests |
for the Year Ended 31 March 2023 |
EQUITY |
Members' other interests |
Members' |
capital |
(classified |
as | Other |
equity) | reserves | Total |
£ | £ | £ |
Balance at 1 April 2022 | 630,189 | - | 630,189 |
Members' remuneration charged as an expense, including employment and retirement benefit costs |
- |
- |
- |
Profit for the financial year available for discretionary division among members |
- |
40,467 |
40,467 |
Members' interests after profit for the year | 630,189 | 40,467 | 670,656 |
Other divisions of profit | - | (40,467 | ) | (40,467 | ) |
Drawings on account and distributions of profit | - | - | - |
Balance at 31 March 2023 | 630,189 | - | 630,189 |
DEBT | TOTAL |
Loans and other debts due to | MEMBERS' |
members less any amounts due | INTERESTS |
from members in debtors |
Other |
amounts | Total |
£ | £ |
Amount due to members | 37,640 |
Amount due from members | (801 | ) |
Balance at 1 April 2022 | 36,839 | 667,028 |
Members' remuneration charged as an expense, including employment and retirement benefit costs |
45,000 |
45,000 |
Profit for the financial year available for discretionary division among members |
- |
40,467 |
Members' interests after profit for the year | 81,839 | 752,495 |
Other divisions of profit | 40,467 | - |
Drawings on account and distributions of profit | (184,141 | ) | (184,141 | ) |
Amount due to members | - |
Amount due from members | (61,835 | ) |
Balance at 31 March 2023 | (61,835 | ) | 568,354 |
The Coniston Shooting Ground LLP (Registered number: OC304335) |
Reconciliation of Members' Interests |
for the Year Ended 31 March 2023 |
EQUITY |
Members' other interests |
Members' |
capital |
(classified |
as | Other |
equity) | reserves | Total |
£ | £ | £ |
Balance at 1 April 2021 | 630,189 | - | 630,189 |
Members' remuneration charged as an expense, including employment and retirement benefit costs |
- |
- |
- |
Profit for the financial year available for discretionary division among members |
- |
139,521 |
139,521 |
Members' interests after profit for the year | 630,189 | 139,521 | 769,710 |
Other divisions of profit | - | (139,521 | ) | (139,521 | ) |
Drawings on account and distributions of profit | - | - | - |
Balance at 31 March 2022 | 630,189 | - | 630,189 |
DEBT | TOTAL |
Loans and other debts due to | MEMBERS' |
members less any amounts due | INTERESTS |
from members in debtors |
Other |
amounts | Total |
£ | £ |
Amount due to members | - |
Amount due from members | (63,317 | ) |
Balance at 1 April 2021 | (63,317 | ) | 566,872 |
Members' remuneration charged as an expense, including employment and retirement benefit costs |
43,474 |
43,474 |
Profit for the financial year available for discretionary division among members |
- |
139,521 |
Members' interests after profit for the year | (19,843 | ) | 749,867 |
Other divisions of profit | 139,521 | - |
Drawings on account and distributions of profit | (82,839 | ) | (82,839 | ) |
Amount due to members | 37,640 |
Amount due from members | (801 | ) |
Balance at 31 March 2022 | 36,839 | 667,028 |
The Coniston Shooting Ground LLP (Registered number: OC304335) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
1. | STATUTORY INFORMATION |
The Coniston Shooting Ground 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. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared under the historical cost convention. |
The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and VAT. Turnover includes revenue from the sale of goods and from the rendering of services. |
Tangible fixed assets |
Freehold property | - |
Short leasehold | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate. |
The Coniston Shooting Ground LLP (Registered number: OC304335) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
3. | ACCOUNTING POLICIES - continued |
Members' participation rights |
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits). |
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A members' participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity. |
All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within 'Members' remuneration charged as an expense' in arriving at the relevant year's result. Undivided amounts that are classified as equity are shown within 'Members' other interests'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests. |
Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as 'Loans and other debts due to members' to the extent they exceed debts due from a specific member. |
4. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
5. | OPERATING PROFIT |
The operating profit is stated after charging: |
31.3.23 | 31.3.22 |
£ | £ |
Depreciation - owned assets |
6. | INFORMATION IN RELATION TO MEMBERS |
31.3.23 | 31.3.22 |
£ | £ |
Members' remuneration charged as an expense |
Amounts arising from participation rights that give rise to a liability |
45,000 |
43,474 |
The Coniston Shooting Ground LLP (Registered number: OC304335) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
7. | TANGIBLE FIXED ASSETS |
Freehold | Short | Plant and |
property | leasehold | machinery |
£ | £ | £ |
COST |
At 1 April 2022 |
Additions |
At 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
Fixtures |
and | Motor |
fittings | vehicles | Totals |
£ | £ | £ |
COST |
At 1 April 2022 |
Additions |
At 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Trade debtors |
Amounts due from members | 61,835 | 801 |
Other debtors |
The Coniston Shooting Ground LLP (Registered number: OC304335) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Trade creditors |
Social security and other taxes |
Accruals and deferred income |
10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Third party creditors will take priority over amounts due to members. |