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Company registration number: 08215469
Home Farm Racing Limited
Unaudited filleted financial statements
30 September 2023
Home Farm Racing Limited
Contents
Directors and other information
Statement of financial position and notes to the financial statements
Home Farm Racing Limited
Directors and other information
Directors Mr Sean Conway
Company number 08215469
Registered office 9 High Street
Stony Stratford
Milton Keynes
MK11 1AA
Business address Home Farm
Shawell Lane
Cotesbach
Lutterworth
LE17 4HR
Accountants Clifford Towers
Office Suite 3, The Hall
Priory Hill
Rugby Road
Wolston
CV8 3FZ
Home Farm Racing Limited
Statement of financial position
30 September 2023
2023 2022
£ £ £ £
Fixed assets 2,380,055 1,050,232
_______ _______
Current assets 99,348 202,301
Prepayments and accrued income - 152
_______ _______
99,348 202,453
Creditors: amounts falling due within one year ( 87,827) ( 89,191)
_______ _______
Net current assets 11,521 113,262
_______ _______
Total assets less current liabilities 2,391,576 1,163,494
Creditors: amounts falling due after more than one year ( 4,034,445) ( 2,708,557)
Accruals and deferred income ( 1,910) ( 1,930)
_______ _______
Net liabilities ( 1,644,779) ( 1,546,993)
_______ _______
Capital and reserves ( 1,644,779) ( 1,546,993)
_______ _______
Notes to the financial statements
Home Farm Racing Limited
Year ended 30 September 2023
1. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022: 1 ).
2. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Sean Conway ( 1,876,890) ( 1,200,894) ( 3,077,784)
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Sean Conway ( 1,207,130) ( 669,760) ( 1,876,890)
_______ _______ _______
3. Going concern
These accounts have been prepared on a going concern basis on the assumption that the company will continue to receive the support of its director.
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 09 April 2024 , and are signed on behalf of the board by:
Mr Sean Conway
Director
Company registration number: 08215469
The company is a private company limited by shares, registered in England.
Home Farm Racing Limited
The following pages do not form part of the statutory accounts.
Home Farm Racing Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Home Farm Racing Limited
Year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Home Farm Racing Limited for the year ended 30 September 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Home Farm Racing Limited, as a body, in accordance with the terms of our engagement letter dated 12 March 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Home Farm Racing Limited and state those matters that we have agreed to state to the board of directors of Home Farm Racing Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Home Farm Racing Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Home Farm Racing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Home Farm Racing Limited. You consider that Home Farm Racing Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Home Farm Racing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Clifford Towers
Chartered Accountants
Office Suite 3, The Hall
Priory Hill
Rugby Road
Wolston
CV8 3FZ
11 April 2024