REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 20 July 2022 to 31 December 2023 |
for |
Brayne Hall Equine Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 20 July 2022 to 31 December 2023 |
for |
Brayne Hall Equine Limited |
Brayne Hall Equine Limited (Registered number: 14246708) |
Contents of the Financial Statements |
for the period 20 July 2022 to 31 December 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Brayne Hall Equine Limited |
Company Information |
for the period 20 July 2022 to 31 December 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Datum House |
Electra Way |
Crewe |
Cheshire |
CW1 6ZF |
Brayne Hall Equine Limited (Registered number: 14246708) |
Statement of Financial Position |
31 December 2023 |
Notes | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks | 6 |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | ( |
) |
SHAREHOLDER FUNDS | ( |
) |
The director acknowledges her 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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Brayne Hall Equine Limited (Registered number: 14246708) |
Notes to the Financial Statements |
for the period 20 July 2022 to 31 December 2023 |
1. | STATUTORY INFORMATION |
Brayne Hall Equine Limited ('The Company') is primarily engaged in the raising of horses and other equines. |
The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business and the registered office is The Stables, Brayne Hall Farm, Aston Juxta Mondrum, Worleston, Nantwich, Cheshire, CW5 6DU. The registered number can be found on the Company Information page. |
The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £. |
The accounting reference date of the company has been lengthened to report an eighteen-month period ended 31 December 2023. |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Summary of significant accounting policies |
The principle accounting policies applied in the preparation of these financial statements are set out below. |
These policies have been consistently applied to all years presented, unless otherwise stated. |
Basis of preparation |
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006. |
Going concern |
The company has net current liabilities and a net asset deficiency due to a loan owed to the director. The director has agreed that they will only seek repayment of the loan should the company's finances permit. This will only be possible if the company trades profitably in future accounting periods. Should losses be continued to be incurred then the ability of the company as a going concern will be dependent upon whether the director is prepared to inject future personal monies into the company. |
Notwithstanding the above, the director considers it appropriate to prepare the financial statements on the going concern basis. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of any discounts. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Fixtures and fittings - 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. |
Brayne Hall Equine Limited (Registered number: 14246708) |
Notes to the Financial Statements - continued |
for the period 20 July 2022 to 31 December 2023 |
3. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period 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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
Additions |
At 31 December 2023 |
DEPRECIATION |
Charge for period |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
6. | STOCKS |
£ |
Stocks |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Brayne Hall Equine Limited (Registered number: 14246708) |
Notes to the Financial Statements - continued |
for the period 20 July 2022 to 31 December 2023 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Other creditors |
9. | CALLED UP SHARE CAPITAL |
100 Ordinary shares of £1 was issued during the period at par. |
10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
At 31 December 2023 an amount of £25,520 is owed to the director and is included within creditors: amounts falling due within one year. |
During the year interest of £1,242 has been incurred by the company in respect of the director's loan. At 31 December 2023 this remains unpaid and is included with accruals: amounts falling due within one year. |