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REGISTERED NUMBER: 09809025 (England and Wales)













































Hay Farm Heavy Horse Centre Limited

Unaudited Financial Statements

for the year ended

30th September 2022






Hay Farm Heavy Horse Centre Limited (Registered number: 09809025)






Contents of the Financial Statements
for the year ended 30th September 2022




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


Hay Farm Heavy Horse Centre Limited

Company Information
for the year ended 30th September 2022







Directors: Mrs V B Cockburn
D Cockburn
Miss A Cockburn
J A Kirsop





Registered office: Hay Farm Steading
Crookham
Cornhill On Tweed
Northumberland
TD12 4TR





Registered number: 09809025 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Hay Farm Heavy Horse Centre Limited (Registered number: 09809025)

Balance Sheet
30th September 2022

2022 2021
Notes £    £    £    £   
Fixed assets
Tangible assets 4 72,448 77,155

Current assets
Stocks 6,500 5,200
Debtors 5 13,122 2,131
Cash at bank and in hand 23,543 35,781
43,165 43,112
Creditors
Amounts falling due within one year 6 47,497 69,399
Net current liabilities (4,332 ) (26,287 )
Total assets less current liabilities 68,116 50,868

Creditors
Amounts falling due after more than one
year

7

(8,850

)

(13,207

)

Provisions for liabilities (11,166 ) -
Net assets 48,100 37,661

Reserves
Income and expenditure account 48,100 37,661
48,100 37,661

Hay Farm Heavy Horse Centre Limited (Registered number: 09809025)

Balance Sheet - continued
30th September 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 surplus or deficit 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd November 2023 and were signed on its behalf by:





Mrs V B Cockburn - Director


Hay Farm Heavy Horse Centre Limited (Registered number: 09809025)

Notes to the Financial Statements
for the year ended 30th September 2022

1. Statutory information

Hay Farm Heavy Horse Centre Limited is a private company, limited by guarantee , 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - at variable rates on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans,accruals, directors' loan and Northumberland Heavy Horse loan.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors, accruals and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.


Hay Farm Heavy Horse Centre Limited (Registered number: 09809025)

Notes to the Financial Statements - continued
for the year ended 30th September 2022

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 surplus or deficit on a straight line basis over the period of the lease.

At 30 September 2022 the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £1,033 (2021 - £3,482).

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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The directors have considered the company's financial position for a period of 12 months from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 3 (2021 - 5 ) .

Hay Farm Heavy Horse Centre Limited (Registered number: 09809025)

Notes to the Financial Statements - continued
for the year ended 30th September 2022

4. Tangible fixed assets
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
Cost
At 1st October 2021 14,086 97,099 21,404
Additions - 1,293 2,335
At 30th September 2022 14,086 98,392 23,739
Depreciation
At 1st October 2021 126 53,364 4,773
Charge for year 279 7,159 2,705
At 30th September 2022 405 60,523 7,478
Net book value
At 30th September 2022 13,681 37,869 16,261
At 30th September 2021 13,960 43,735 16,631

Motor Office
vehicles equipment Totals
£    £    £   
Cost
At 1st October 2021 1,900 3,449 137,938
Additions 3,000 - 6,628
At 30th September 2022 4,900 3,449 144,566
Depreciation
At 1st October 2021 482 2,038 60,783
Charge for year 980 212 11,335
At 30th September 2022 1,462 2,250 72,118
Net book value
At 30th September 2022 3,438 1,199 72,448
At 30th September 2021 1,418 1,411 77,155

5. Debtors: amounts falling due within one year
2022 2021
£    £   
Trade debtors 1,040 1,136
Other debtors 12,082 995
13,122 2,131

Hay Farm Heavy Horse Centre Limited (Registered number: 09809025)

Notes to the Financial Statements - continued
for the year ended 30th September 2022

6. Creditors: amounts falling due within one year
2022 2021
£    £   
Bank loans and overdrafts 4,410 4,410
Trade creditors 4,659 4,587
Taxation and social security 1,280 -
Other creditors 37,148 60,402
47,497 69,399

7. Creditors: amounts falling due after more than one year
2022 2021
£    £   
Bank loans 8,850 13,207

8. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30th September 2022 and 30th September 2021:

20222021
££
Director 1
Balance outstanding at start of year995-
Amounts advanced22,640995
Amounts repaid(11,553)-
Balance outstanding at end of year12,082995



This loan is unsecured and repayable on demand. Interest is charged by the company at the official rate published by HMRC.