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REGISTERED NUMBER: 08929191












Unaudited Financial Statements

for the Year Ended 30 March 2023

for

Weston Warmbloods Limited

Weston Warmbloods Limited (Registered number: 08929191)






Contents of the Financial Statements
for the Year Ended 30 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Weston Warmbloods Limited

Company Information
for the Year Ended 30 March 2023







DIRECTORS: Mrs G E Weston
Mrs A E Beck





REGISTERED OFFICE: Ampfield Riding Stables
Lower Farm, Lower Farm Lane
Ampfield
Romsey
Hampshire
SO51 9BP





REGISTERED NUMBER: 08929191





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
Bennett House
The Dean
Alresford
Hampshire
SO24 9BH

Weston Warmbloods Limited (Registered number: 08929191)

Balance Sheet
30 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 261,490 234,390

CURRENT ASSETS
Stocks 5 320,183 209,000
Debtors 6 32,760 44,784
Cash at bank 215 526
353,158 254,310
CREDITORS
Amounts falling due within one year 7 664,244 573,124
NET CURRENT LIABILITIES (311,086 ) (318,814 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(49,596

)

(84,424

)

CREDITORS
Amounts falling due after more than one
year

8

21,630

34,305
NET LIABILITIES (71,226 ) (118,729 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (71,227 ) (118,730 )
(71,226 ) (118,729 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2023 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.

Weston Warmbloods Limited (Registered number: 08929191)

Balance Sheet - continued
30 March 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:





Mrs G E Weston - Director


Weston Warmbloods Limited (Registered number: 08929191)

Notes to the Financial Statements
for the Year Ended 30 March 2023

1. STATUTORY INFORMATION

Weston Warmbloods Limited is a private company, limited by shares , registered in Not specified/Other. 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 - 33% on cost and 20% reducing balance basis

Stocks
Stock has been valued at the lower of cost and net realisable value by the director. Cost includes the cost of production.

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.

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 1 (2022 - 4 ) .

Weston Warmbloods Limited (Registered number: 08929191)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

4. TANGIBLE FIXED ASSETS
Leasehold Plant and Motor Computer
improvements machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 31 March 2022 209,727 10,421 51,700 1,195 273,043
Additions 32,189 - - 241 32,430
At 30 March 2023 241,916 10,421 51,700 1,436 305,473
DEPRECIATION
At 31 March 2022 - 3,752 34,104 797 38,653
Charge for year - 1,333 3,519 478 5,330
At 30 March 2023 - 5,085 37,623 1,275 43,983
NET BOOK VALUE
At 30 March 2023 241,916 5,336 14,077 161 261,490
At 30 March 2022 209,727 6,669 17,596 398 234,390

5. STOCKS
2023 2022
£    £   
Valuation 320,183 209,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 840
Deferred tax asset 32,760 43,944
32,760 44,784

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 23,324 10,936
Trade creditors 29,153 61,690
Social security and other taxes (90 ) 1,776
VAT 11,871 15,013
Other creditors 46,504 46,827
Directors' current accounts 551,907 435,382
Accrued expenses 1,575 1,500
664,244 573,124

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 21,630 34,305

Weston Warmbloods Limited (Registered number: 08929191)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

9. DEFERRED TAX
£   
Balance at 31 March 2022 (43,944 )
Losses 10,596
Capital allowances 588
Balance at 30 March 2023 (32,760 )

10. RELATED PARTY DISCLOSURES

Mrs G E Weston
Director

The amount owed to Mrs G E Weston at the year end was £496,653 (2022: £400,490). This loan was provided interest free and is repayable on demand.

Ms A E Beck
Director

The amount owed to Ms A E Beck at the year end was £55,254 (2022: £47,232). This loan was provided interest free and is repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs G E Weston.

12. GOING CONCERN

The company remains reliant on the financial support of the director. Having considered a period of twelve months from the date of approving these financial statements, the director believes there will be an improvement in cash inflows. She has also agreed not to withdraw her loan if it would render the company unable to meet its financial obligations. On this basis, the accounts have been prepared on a going concern basis.