Company registration number 04611271 (England and Wales)
EAGLESFIELD EQUESTRIAN EVENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
EAGLESFIELD EQUESTRIAN EVENTS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
EAGLESFIELD EQUESTRIAN EVENTS LIMITED (REGISTERED NUMBER: 04611271)
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
15,974
17,775
Current assets
Stocks
6,847
4,799
Debtors
4
24,762
14,678
Cash at bank and in hand
64,906
85,637
96,515
105,114
Creditors: amounts falling due within one year
5
(26,148)
(20,348)
Net current assets
70,367
84,766
Total assets less current liabilities
86,341
102,541
Provisions for liabilities
(592)
(629)
Net assets
85,749
101,912
Capital and reserves
Called up share capital
1,032
1,032
Profit and loss reserves
84,717
100,880
Total equity
85,749
101,912

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

EAGLESFIELD EQUESTRIAN EVENTS LIMITED (REGISTERED NUMBER: 04611271)
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 11 March 2024 and are signed on its behalf by:
K W Clark
Director
EAGLESFIELD EQUESTRIAN EVENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

Eaglesfield Equestrian Events Limited is a private company limited by shares incorporated in England and Wales. The registered office is Eaglesfield, West Yoke, Ash, Sevenoaks, Kent, TN15 7HT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Buildings Freehold
Straight line over 20 years
Leasehold improvements
Straight line over 10 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

EAGLESFIELD EQUESTRIAN EVENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.6
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
6
6
3
Tangible fixed assets
Buildings Freehold
Leasehold improvements
Total
£
£
£
Cost
At 1 January 2023 and 31 December 2023
3,925
31,272
35,197
Depreciation and impairment
At 1 January 2023
612
16,810
17,422
Depreciation charged in the year
196
1,605
1,801
At 31 December 2023
808
18,415
19,223
Carrying amount
At 31 December 2023
3,117
12,857
15,974
At 31 December 2022
3,313
14,462
17,775
EAGLESFIELD EQUESTRIAN EVENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
9,986
4,914
Other debtors
14,776
9,764
24,762
14,678
5
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
20,923
14,906
Other creditors
5,225
5,442
26,148
20,348
6
Related party transactions

During the year the company purchased services totalling £137,040 (2022: £107,520) from the parent company.

 

At the year end the company owed £20,923 (2022: £14,906) to the parent company.

7
Ultimate Controlling Party

The ultimate control of the company lies with Mrs J M Clark by virtue of her shareholding in the parent company, Eaglesfield Equestrian Holdings Limited.

 

 

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