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Registered number: 06807104










THE HAYLOFT (DONKEY SANCTUARY) LIMITED










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

 
THE HAYLOFT (DONKEY SANCTUARY) LIMITED
REGISTERED NUMBER: 06807104

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020 (unaudited)
Note
£
£

  

Current assets
  

Stocks
  
5,109
5,109

Debtors: amounts falling due within one year
 4 
17,870
57,294

Cash at bank and in hand
  
202,454
199,313

  
225,433
261,716

Creditors: amounts falling due within one year
 5 
(247,346)
(456,429)

Net current liabilities
  
 
 
(21,913)
 
 
(194,713)

Total assets less current liabilities
  
(21,913)
(194,713)

  

Net liabilities
  
(21,913)
(194,713)


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
(21,917)
(194,717)

  
(21,913)
(194,713)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 July 2022.




Marianne Steele
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 1

 
THE HAYLOFT (DONKEY SANCTUARY) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2021


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2020
4
(4,659)
(4,655)



Loss for the year
-
(190,058)
(190,058)



At 1 January 2021
4
(194,717)
(194,713)



Profit for the year
-
172,800
172,800


At 31 December 2021
4
(21,917)
(21,913)


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
THE HAYLOFT (DONKEY SANCTUARY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

The Hayloft (Donkey Sanctuary) Limited is a company limited by shares and registered in England and
Wales at Companies House (company registration number 06807104) and is a directly owned subsidiary
of The Donkey Sanctuary (charity number 264818) whose registered office is at Slade House Farm,
Sidmouth, EX10 0NU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company 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. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
THE HAYLOFT (DONKEY SANCTUARY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2020 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2020 - 0).


4.


Debtors

2021
2020 (unaudited)
£
£


Trade debtors
980
5,159

Other debtors
16,890
52,135

17,870
57,294


Page 4

 
THE HAYLOFT (DONKEY SANCTUARY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

5.


Creditors: Amounts falling due within one year

2021
2020 (unaudited)
£
£

Trade creditors
1,539
974

Amounts owed to group undertakings
220,050
441,643

Accruals and deferred income
25,757
13,812

247,346
456,429



6.


Controlling party

The ultimate parent undertaking and controlling entity of the company is The Donkey Sanctuary, a charity registered in England and Wales with Charity number 264818.
The company has taken advantage of the available exemptions not to disclose transactions with its parent undertaking under FRS102 (Section 1A). There are no other related party transaction that were made during the year or prior year.


7.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2021 was unqualified.

The audit report was signed on 27 July 2022 by Steven Harper (Senior Statutory Auditor) on behalf of Haysmacintyre LLP.

Page 5