IRIS Accounts Production v23.1.5.20 05052701 Board of Directors 1.3.22 28.2.23 28.2.23 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050527012022-02-28050527012023-02-28050527012022-03-012023-02-28050527012021-02-28050527012021-03-012022-02-28050527012022-02-2805052701ns15:EnglandWales2022-03-012023-02-2805052701ns14:PoundSterling2022-03-012023-02-2805052701ns10:Director12022-03-012023-02-2805052701ns10:PrivateLimitedCompanyLtd2022-03-012023-02-2805052701ns10:SmallEntities2022-03-012023-02-2805052701ns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2805052701ns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2805052701ns10:SmallCompaniesRegimeForAccounts2022-03-012023-02-2805052701ns10:FullAccounts2022-03-012023-02-2805052701ns10:OrdinaryShareClass12022-03-012023-02-2805052701ns10:Director22022-03-012023-02-2805052701ns10:Director32022-03-012023-02-2805052701ns10:RegisteredOffice2022-03-012023-02-2805052701ns5:CurrentFinancialInstruments2023-02-2805052701ns5:CurrentFinancialInstruments2022-02-2805052701ns5:Non-currentFinancialInstruments2023-02-2805052701ns5:Non-currentFinancialInstruments2022-02-2805052701ns5:ShareCapital2023-02-2805052701ns5:ShareCapital2022-02-2805052701ns5:RetainedEarningsAccumulatedLosses2023-02-2805052701ns5:RetainedEarningsAccumulatedLosses2022-02-2805052701ns5:ShortLeaseholdAssetsns5:LandBuildings2022-03-012023-02-2805052701ns5:PlantMachinery2022-03-012023-02-2805052701ns5:MotorVehicles2022-03-012023-02-2805052701ns5:ShortLeaseholdAssetsns5:LandBuildings2022-02-2805052701ns5:PlantMachinery2022-02-2805052701ns5:MotorVehicles2022-02-2805052701ns5:ShortLeaseholdAssetsns5:LandBuildings2023-02-2805052701ns5:PlantMachinery2023-02-2805052701ns5:MotorVehicles2023-02-2805052701ns5:ShortLeaseholdAssetsns5:LandBuildings2022-02-2805052701ns5:PlantMachinery2022-02-2805052701ns5:MotorVehicles2022-02-2805052701ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2805052701ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2805052701ns10:OrdinaryShareClass12023-02-2805052701ns5:RetainedEarningsAccumulatedLosses2022-02-2805052701ns5:RetainedEarningsAccumulatedLosses2022-03-012023-02-28
REGISTERED NUMBER: 05052701 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

ORCHARD FARM EQUESTRIAN CENTRE LTD

ORCHARD FARM EQUESTRIAN CENTRE LTD (REGISTERED NUMBER: 05052701)

Contents of the Financial Statements
for the year ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ORCHARD FARM EQUESTRIAN CENTRE LTD

Company Information
for the year ended 28 February 2023







Directors: Mr J Blanchard
Mrs J M Blanchard
Mr R M Blanchard





Registered office: Orchard Farm
West End
Hogsthorpe
Skegness
Lincolnshire
PE24 5PA





Registered number: 05052701 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

ORCHARD FARM EQUESTRIAN CENTRE LTD (REGISTERED NUMBER: 05052701)

Balance Sheet
28 February 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 41,453 45,595

Current assets
Stocks 13,775 13,775
Debtors 5 757 1,007
Cash at bank and in hand 2,288 5,426
16,820 20,208
Creditors
Amounts falling due within one year 6 34,943 35,986
Net current liabilities (18,123 ) (15,778 )
Total assets less current liabilities 23,330 29,817

Creditors
Amounts falling due after more than one year 7 (38,569 ) (51,193 )

Provisions for liabilities (571 ) (762 )
Net liabilities (15,810 ) (22,138 )

Capital and reserves
Called up share capital 8 3 3
Retained earnings 9 (15,813 ) (22,141 )
Shareholders' funds (15,810 ) (22,138 )

ORCHARD FARM EQUESTRIAN CENTRE LTD (REGISTERED NUMBER: 05052701)

Balance Sheet - continued
28 February 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 28 November 2023 and were signed on its behalf by:





Mr J Blanchard - Director


ORCHARD FARM EQUESTRIAN CENTRE LTD (REGISTERED NUMBER: 05052701)

Notes to the Financial Statements
for the year ended 28 February 2023


1. Statutory information

Orchard Farm Equestrian Centre Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

At the financial year end the company had net current liabilities of £18,123 (2022 £15,778).
The largest creditor is the Director who has committed to continue to support the business and therefore believes it is correct to prepare these financial statements on a going concern basis.

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.
Short leasehold - 4% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

3. Employees and directors

The average number of employees during the year was NIL (2022 - NIL).

ORCHARD FARM EQUESTRIAN CENTRE LTD (REGISTERED NUMBER: 05052701)

Notes to the Financial Statements - continued
for the year ended 28 February 2023


4. Tangible fixed assets
Short Plant and Motor
leasehold machinery vehicles Totals
£ £ £ £
Cost
At 1 March 2022
and 28 February 2023 78,465 13,091 2,381 93,937
Depreciation
At 1 March 2022 36,880 9,361 2,101 48,342
Charge for year 3,139 933 70 4,142
At 28 February 2023 40,019 10,294 2,171 52,484
Net book value
At 28 February 2023 38,446 2,797 210 41,453
At 28 February 2022 41,585 3,730 280 45,595

5. Debtors: amounts falling due within one year
2023 2022
£ £
Other debtors 757 1,007

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 9,100 5,400
Trade creditors 4,699 5,420
Taxation and social security 364 -
Other creditors 20,780 25,166
34,943 35,986

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 30,469 35,893
Other creditors 8,100 15,300
38,569 51,193

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
3 Ordinary £1 3 3

ORCHARD FARM EQUESTRIAN CENTRE LTD (REGISTERED NUMBER: 05052701)

Notes to the Financial Statements - continued
for the year ended 28 February 2023


9. Reserves
Retained
earnings
£

At 1 March 2022 (22,141 )
Profit for the year 6,328
At 28 February 2023 (15,813 )

10. Related party disclosures

Mr J Blanchard

During the year, the director introduced £7,812 (2022, £7,812) into the company and withdrew £12,198 (2022, £12,663). At the year end the company owed the director £20,780 (2022 £25,166) which is due on demand.

2023 2022
£ £
Amount due to related party at the balance sheet date 20,780 25,166