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REGISTERED NUMBER: 12779835 (England and Wales)














Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 December 2022

for

Tedworth Equestrian Trading Limited

Tedworth Equestrian Trading Limited (Registered number: 12779835)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Tedworth Equestrian Trading Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: Mr J B Balls MBE
Colonel F E Castle MBE
Ms P Lake





REGISTERED OFFICE: Cromwell House
Hubert Hamilton Road
Bulford Barracks
Salisbury
Wiltshire
SP4 9JY





REGISTERED NUMBER: 12779835 (England and Wales)





ACCOUNTANTS: Ward Goodman
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Tedworth Equestrian Trading Limited (Registered number: 12779835)

Report of the Directors
for the Year Ended 31 December 2022

The directors present their report with the financial statements of the company for the year ended 31 December 2022.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2022 to the date of this report.

Mr J B Balls MBE
Colonel F E Castle MBE
Ms P Lake

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr J B Balls MBE - Director


30 October 2023

Tedworth Equestrian Trading Limited (Registered number: 12779835)

Income Statement
for the Year Ended 31 December 2022

2022 2021
Notes £    £   

TURNOVER 454,534 294,318

Cost of sales 172,409 123,985
GROSS PROFIT 282,125 170,333

Administrative expenses 293,811 201,741
(11,686 ) (31,408 )

Other operating income 52,050 32,107
OPERATING PROFIT 4 40,364 699

Interest receivable and similar income 13 100
PROFIT BEFORE TAXATION 40,377 799

Tax on profit - -
PROFIT FOR THE FINANCIAL YEAR 40,377 799

Tedworth Equestrian Trading Limited (Registered number: 12779835)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 30,355 28,534

CURRENT ASSETS
Debtors 6 1,089 1,299
Cash at bank and in hand 26,793 2,518
27,882 3,817
CREDITORS
Amounts falling due within one year 7 16,794 18,785
NET CURRENT ASSETS/(LIABILITIES) 11,088 (14,968 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,443

13,566

CREDITORS
Amounts falling due after more than one year 8 - 12,500
NET ASSETS 41,443 1,066

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 41,442 1,065
41,443 1,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

Tedworth Equestrian Trading Limited (Registered number: 12779835)

Balance Sheet - continued
31 December 2022


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

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2023 and were signed on its behalf by:





Mr J B Balls MBE - Director


Tedworth Equestrian Trading Limited (Registered number: 12779835)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Tedworth Equestrian Trading Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Straight line over 15 years and Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2021 - 6 ) .

Tedworth Equestrian Trading Limited (Registered number: 12779835)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. OPERATING PROFIT

The operating profit is stated after charging:

2022 2021
£    £   
Depreciation - owned assets 8,717 2,320

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 30,960
Additions 38,539
Disposals (30,000 )
At 31 December 2022 39,499
DEPRECIATION
At 1 January 2022 2,427
Charge for year 8,717
Eliminated on disposal (2,000 )
At 31 December 2022 9,144
NET BOOK VALUE
At 31 December 2022 30,355
At 31 December 2021 28,533

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 1,089 186
VAT - 826
Prepayments and accrued income - 287
1,089 1,299

Tedworth Equestrian Trading Limited (Registered number: 12779835)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 6,340 11,894
Amounts owed to group undertakings - 834
Social security and other taxes 4,188 2,574
VAT 2,306 -
Other creditors 660 828
Accruals and deferred income 3,300 2,655
16,794 18,785

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 1-2 years - 12,500

9. ULTIMATE CONTROLLING PARTY

The controlling party is Armed Forces Equine Charity.

The company is a wholly owned subsidiary of The Armed Forces Equine Charity (Charity number: 1184971).