Registration number:
The Cavalry of Heroes Limited
Unaudited Financial Statements
for the
Year Ended 31 December 2021
The Cavalry of Heroes Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
The Cavalry of Heroes Limited
Company Information
Directors |
Mr M A Lovatt Mrs C Lovatt |
Company secretary |
Mrs C Lovatt |
Registered office |
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Bankers |
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Accountants |
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The Cavalry of Heroes Limited
(Registration number: 09374151)
Balance Sheet
as at 31 December 2021
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2021 |
2020 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The profit and loss account and directors' report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
The Cavalry of Heroes Limited
(Registration number: 09374151)
Balance Sheet
as at 31 December 2021
Approved and authorised by the
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Mr M A Lovatt
Director
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Mrs C Lovatt
Company secretary and director
The Cavalry of Heroes Limited
Notes to the Financial Statements
for the Year Ended 31 December 2021
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Wales
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest £1.
Going concern
The company has net current liabilities of £81,740 as at the balance sheet date. The financial statements have been prepared on a going concern basis. This is on the assumption that Mr and Mrs M A Lovatt, the largest company creditors will continue to support the company for the forseeable future.
Revenue recognition
Turnover represents the net invoiced sales of services.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Costume items and equipment |
25% on reducing balance |
The Cavalry of Heroes Limited
Notes to the Financial Statements
for the Year Ended 31 December 2021
Plant and machinery |
20% on reducing balance |
Computer equipment |
33% on reducing balance |
Motor vehicles |
25% on reducing balance |
Horses |
5 % on straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for sale of services performed in the ordinary course of business.
Stocks
Stock is valued at the lower of cost and net realisable value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
The Cavalry of Heroes Limited
Notes to the Financial Statements
for the Year Ended 31 December 2021
Tangible assets |
Costume items and equipment |
Plant and machinery |
Computer equipment |
Motor vehicles |
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Cost or valuation |
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At 1 January 2021 |
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Additions |
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At 31 December 2021 |
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Depreciation |
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At 1 January 2021 |
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Charge for the year |
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At 31 December 2021 |
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Carrying amount |
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At 31 December 2021 |
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At 31 December 2020 |
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Horses |
Total |
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Cost or valuation |
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At 1 January 2021 |
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Additions |
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At 31 December 2021 |
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Depreciation |
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At 1 January 2021 |
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Charge for the year |
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At 31 December 2021 |
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Carrying amount |
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At 31 December 2021 |
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At 31 December 2020 |
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The Cavalry of Heroes Limited
Notes to the Financial Statements
for the Year Ended 31 December 2021
Debtors |
2021 |
2020 |
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Trade debtors |
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Prepayments |
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The Cavalry of Heroes Limited
Notes to the Financial Statements
for the Year Ended 31 December 2021
Creditors |
Creditors: amounts falling due within one year
Note |
2021 |
2020 |
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Due within one year |
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Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
Note |
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Due after one year |
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Loans and borrowings |
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2020 |
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Due after more than five years |
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After more than five years by instalments |
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Loans and borrowings |
2021 |
2020 |
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Non-current loans and borrowings |
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Bank borrowings |
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2021 |
2020 |
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Current loans and borrowings |
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Bank borrowings |
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Bank overdrafts |
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