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REGISTERED NUMBER: 09530831 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Croft Top Equestrian Centre Ltd

Croft Top Equestrian Centre Ltd (Registered number: 09530831)

Contents of the Financial Statements
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Croft Top Equestrian Centre Ltd

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mr K Holden
Mrs M E Holden
Mrs E M Lundy





REGISTERED OFFICE: Croft Top Farm
Stonefold Village
Accrington
Lancashire
BB5 2DP





REGISTERED NUMBER: 09530831 (England and Wales)





ACCOUNTANTS: Towers + Gornall Ltd
Chartered Certified Accountants
River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ

Croft Top Equestrian Centre Ltd (Registered number: 09530831)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 838,659 701,768

CURRENT ASSETS
Stocks 20,490 42,070
Debtors 5 15,277 3,691
Cash at bank and in hand 34,245 175,728
70,012 221,489
CREDITORS
Amounts falling due within one year 6 189,853 236,238
NET CURRENT LIABILITIES (119,841 ) (14,749 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

718,818

687,019

CREDITORS
Amounts falling due after more than one
year

7

(155,429

)

(162,447

)

PROVISIONS FOR LIABILITIES (19,360 ) (13,366 )
NET ASSETS 544,029 511,206

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 543,729 510,906
SHAREHOLDERS' FUNDS 544,029 511,206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Croft Top Equestrian Centre Ltd (Registered number: 09530831)

Balance Sheet - continued
31st March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th July 2024 and were signed on its behalf by:




Mr K Holden - Director Mrs M E Holden - Director




Mrs E M Lundy - Director


Croft Top Equestrian Centre Ltd (Registered number: 09530831)

Notes to the Financial Statements
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

Croft Top Equestrian Centre Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

Croft Top Equestrian Centre Ltd (Registered number: 09530831)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023 638,937 134,706 773,643
Additions 124,522 31,730 156,252
Disposals - (9,885 ) (9,885 )
At 31st March 2024 763,459 156,551 920,010
DEPRECIATION
At 1st April 2023 - 71,875 71,875
Charge for year - 17,719 17,719
Eliminated on disposal - (8,243 ) (8,243 )
At 31st March 2024 - 81,351 81,351
NET BOOK VALUE
At 31st March 2024 763,459 75,200 838,659
At 31st March 2023 638,937 62,831 701,768

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,200 1,100
Other debtors 14,077 2,591
15,277 3,691

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 12,700
Trade creditors 7,313 -
Taxation and social security 20,077 36,653
Other creditors 152,463 186,885
189,853 236,238

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 155,429 162,447

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 115,429 111,647

Croft Top Equestrian Centre Ltd (Registered number: 09530831)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 165,429 175,147

The bank holds a fixed and floating charge over the company's assets.

9. RELATED PARTY DISCLOSURES

At 31 March 2024 the company owed £115,258 (2023 £183,875) to the director of the company. No interest has been charged in the company in respect of the loan which is payable on demand and classified in creditors due within one year.