Company Registration No. 5043264 (England and Wales)
Natton House Thoroughbreds Limited
Unaudited accounts
for the year ended 28 February 2023
Natton House Thoroughbreds Limited
Unaudited accounts
Contents
Natton House Thoroughbreds Limited
Company Information
for the year ended 28 February 2023
Directors
Mrs H M Dudfield
Mr G E Dudfield
Mr C K Dudfield
Company Number
5043264 (England and Wales)
Registered Office
NATTON HOUSE
NATTON ASHCHURCH
TEWKESBURY
GLOUCESTERSHIRE
GL20 7BG
Accountants
The Practice - Chartered Management Accountants
2 New Street
Ledbury
Herefordshire
HR8 2DX
Natton House Thoroughbreds Limited
Statement of financial position
as at 28 February 2023
Tangible assets
91,172
95,746
Inventories
321,675
405,725
Cash at bank and in hand
61,009
8,234
Creditors: amounts falling due within one year
(275,233)
(248,788)
Net current assets
143,210
191,830
Total assets less current liabilities
234,382
287,576
Creditors: amounts falling due after more than one year
(13,500)
(19,500)
Net assets
220,882
268,076
Called up share capital
220,100
220,100
Profit and loss account
782
47,976
Shareholders' funds
220,882
268,076
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2023 and were signed on its behalf by
Mr C K Dudfield
Director
Company Registration No. 5043264
Natton House Thoroughbreds Limited
Notes to the Accounts
for the year ended 28 February 2023
Natton House Thoroughbreds Limited is a private company, limited by shares, registered in England and Wales, registration number 5043264. The registered office is NATTON HOUSE, NATTON ASHCHURCH, TEWKESBURY, GLOUCESTERSHIRE, GL20 7BG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% of Cost
Plant & machinery
15% and 25% of Written Down Value
Motor vehicles
25% of Written Down Value
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2022
70,124
53,932
50,940
588
175,584
At 28 February 2023
70,124
53,932
50,940
588
175,584
At 1 March 2022
-
35,205
44,486
147
79,838
Charge for the year
-
2,813
1,614
147
4,574
At 28 February 2023
-
38,018
46,100
294
84,412
At 28 February 2023
70,124
15,914
4,840
294
91,172
At 28 February 2022
70,124
18,727
6,454
441
95,746
Natton House Thoroughbreds Limited
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Trade debtors
34,521
26,117
Accrued income and prepayments
1,238
542
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,000
6,000
Trade creditors
48,462
24,026
Taxes and social security
38,125
15,093
Other creditors
5,980
4,663
Loans from directors
174,916
198,206
7
Creditors: amounts falling due after more than one year
2023
2022
8
Transactions with related parties
The company has outstanding loans from Directors, with 0% Interest and no set repayment date, as detailed below.
Mr G E Dudfield (2021 92,316)
Mrs H M Dudfield (2021 £93,862)
Mr C Dudfield (2021 £12,028)
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).