Registered number
SC612221
Bogenraith Equestrian Limited
Filleted Accounts
31 December 2021
Bogenraith Equestrian Limited
Registered number: SC612221
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 2,788,242 1,531,415
Current assets
Debtors 4 5,911 20,390
Cash at bank and in hand 48,472 398,481
54,383 418,871
Creditors: amounts falling due within one year 5 9,874 (10,370)
Net current assets 64,257 408,501
Total assets less current liabilities 2,852,499 1,939,916
Creditors: amounts falling due after more than one year 6 (1,000,000) -
Net assets 1,852,499 1,939,916
Capital and reserves
Called up share capital 2,000,000 2,000,000
Profit and loss account (147,501) (60,084)
Shareholders' funds 1,852,499 1,939,916
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Ciaran Dreelan
Director
Approved by the board on 16 March 2022
Bogenraith Equestrian Limited
Notes to the Accounts
for the year ended 31 December 2021
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).
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Capex Development Total
£ £ £ £
Cost
At 1 January 2021 1,241,356 27,500 269,351 1,538,207
Additions - 24,000 1,253,098 1,277,098
Disposals - (13,000) - (13,000)
At 31 December 2021 1,241,356 38,500 1,522,449 2,802,305
Depreciation
At 1 January 2021 - 6,792 - 6,792
Charge for the year - 8,625 - 8,625
On disposals - (1,354) - (1,354)
At 31 December 2021 - 14,063 - 14,063
Net book value
At 31 December 2021 1,241,356 24,437 1,522,449 2,788,242
At 31 December 2020 1,241,356 20,708 269,351 1,531,415
4 Debtors 2021 2020
£ £
Trade debtors 5,911 947
Other debtors - 19,443
5,911 20,390
5 Creditors: amounts falling due within one year 2021 2020
£ £
Trade creditors 29,927 1,480
Amounts owed to group undertakings and undertakings in which the company has a participating interest 4,226 -
Taxation and social security costs (50,027) -
Other creditors 6,000 8,890
(9,874) 10,370
6 Creditors: amounts falling due after one year 2021 2020
£ £
Bank loans 1,000,000 -
7 Other information
Bogenraith Equestrian Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
Durris Lodge
Woodlands of Durris
Banchory
Aberdeen
AB31 6BL
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