Company registration number 07429149 (England and Wales)
HILL TOP EQUESTRIAN CENTRE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
HILL TOP EQUESTRIAN CENTRE LIMITED
COMPANY INFORMATION
Directors
J Kinder
V R Kinder
A J Saini
Company number
07429149
Registered office
Hill Top Farm
Danethorpe Lane
Danethorpe Hill
Newark
NG24 2PD
Accountants
Ashgates Corporate Services Limited
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG
HILL TOP EQUESTRIAN CENTRE LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
HILL TOP EQUESTRIAN CENTRE LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF HILL TOP EQUESTRIAN CENTRE LIMITED
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hill Top Equestrian Centre Limited for the year ended 30 November 2023 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the board of directors of Hill Top Equestrian Centre Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Hill Top Equestrian Centre Limited and state those matters that we have agreed to state to the board of directors of Hill Top Equestrian Centre Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hill Top Equestrian Centre Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Hill Top Equestrian Centre 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 profit of Hill Top Equestrian Centre Limited. You consider that Hill Top Equestrian Centre 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 Hill Top Equestrian Centre 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.

Ashgates Corporate Services Limited
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG
14 March 2024
HILL TOP EQUESTRIAN CENTRE LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
12,437
6,504
Current assets
Debtors
4
12,815
7,895
Cash at bank and in hand
3,256
5,148
16,071
13,043
Creditors: amounts falling due within one year
5
(23,872)
(102,382)
Net current liabilities
(7,801)
(89,339)
Total assets less current liabilities
4,636
(82,835)
Creditors: amounts falling due after more than one year
6
(184,966)
(100,000)
Provisions for liabilities
(1,539)
(1,236)
Net liabilities
(181,869)
(184,071)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(181,969)
(184,171)
Total equity
(181,869)
(184,071)
HILL TOP EQUESTRIAN CENTRE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2023
30 November 2023
- 3 -

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 30 November 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.

The financial statements were approved by the board of directors and authorised for issue on 13 March 2024 and are signed on its behalf by:
V R Kinder
Director
Company registration number 07429149 (England and Wales)
HILL TOP EQUESTRIAN CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 4 -
1
Accounting policies
Company information

Hill Top Equestrian Centre Limited is a private company limited by shares incorporated in England and Wales. The registered office is Hill Top Farm, Danethorpe Lane, Danethorpe Hill, Newark, NG24 2PD.

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 £.

1.2
Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on the continued support of the director not requiring the withdrawal of his monies owed to him until sufficient funds are available.

 

If the company were unable to trade, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities.

 

1.3
Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, 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:

Plant and machinery
25% reducing balance
Fixtures, fittings, tools and equipment
25% reducing balance
Motor vehicles
25% reducing balance
Horses
5% straight line

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.

HILL TOP EQUESTRIAN CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
- 5 -
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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

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

2023
2022
Number
Number
Total
3
3
HILL TOP EQUESTRIAN CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 6 -
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings, tools and equipment
Motor vehicles
Horses
Total
£
£
£
£
£
Cost
At 1 December 2022
9,262
1,342
10,995
-
0
21,599
Additions
-
0
1,429
800
5,750
7,979
At 30 November 2023
9,262
2,771
11,795
5,750
29,578
Depreciation and impairment
At 1 December 2022
8,363
1,084
5,648
-
0
15,095
Depreciation charged in the year
225
78
1,526
217
2,046
At 30 November 2023
8,588
1,162
7,174
217
17,141
Carrying amount
At 30 November 2023
674
1,609
4,621
5,533
12,437
At 30 November 2022
899
258
5,347
-
0
6,504
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
12,815
7,895
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
4,056
1,873
Taxation and social security
932
1,200
Other creditors
18,884
99,309
23,872
102,382
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
184,966
100,000
184,966
100,000
HILL TOP EQUESTRIAN CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 7 -
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Related party transactions

At the balance sheet date amounts owed to the directors amounted to £184,966 (2022 - £180,118).

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