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REGISTERED NUMBER: 07432547 (England and Wales)















Unaudited Financial Statements

for the Period 1 November 2022 to 30 April 2024

for

Handley Equestrian Limited

Handley Equestrian Limited (Registered number: 07432547)






Contents of the Financial Statements
for the Period 1 November 2022 to 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Handley Equestrian Limited

Company Information
for the Period 1 November 2022 to 30 April 2024







DIRECTORS: R W Walker
C L Walker





SECRETARY: R W Walker





REGISTERED OFFICE: Buthchersick Farm
Marsh Lane
West Handley
Sheffield
South Yorkshire
S21 5RZ





REGISTERED NUMBER: 07432547 (England and Wales)





ACCOUNTANTS: Allround Accountancy Services Limited
Penmore House
Hasland Road
Hasland
Chesterfield
Derbyshire
S41 0SJ

Handley Equestrian Limited (Registered number: 07432547)

Balance Sheet
30 April 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 16,332 17,762
16,332 17,762

CURRENT ASSETS
Stocks 21,736 48,285
Debtors 6 5,045 4,673
Cash at bank and in hand 56,432 37,948
83,213 90,906
CREDITORS
Amounts falling due within one year 7 14,959 21,266
NET CURRENT ASSETS 68,254 69,640
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,586

87,402

CREDITORS
Amounts falling due after more than one
year

8

48,741

57,574
NET ASSETS 35,845 29,828

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 35,745 29,728
SHAREHOLDERS' FUNDS 35,845 29,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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.

Handley Equestrian Limited (Registered number: 07432547)

Balance Sheet - continued
30 April 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 29 July 2024 and were signed on its behalf by:




R W Walker - Director



C L Walker - Director


Handley Equestrian Limited (Registered number: 07432547)

Notes to the Financial Statements
for the Period 1 November 2022 to 30 April 2024

1. STATUTORY INFORMATION

Handley Equestrian Limited 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Single farm payment are being amortised evenly over their estimated useful life of nil years.

Single farm payment
Single farm payment was purchased in March 2011 and is to be written off evenly over its useful economic life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% 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.

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 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 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.

Handley Equestrian Limited (Registered number: 07432547)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 30 April 2024

2. ACCOUNTING POLICIES - continued

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 period was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2022
and 30 April 2024 9,150
AMORTISATION
At 1 November 2022
and 30 April 2024 9,150
NET BOOK VALUE
At 30 April 2024 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 71,701
Additions 6,500
Disposals (2,890 )
At 30 April 2024 75,311
DEPRECIATION
At 1 November 2022 53,939
Charge for period 6,440
Eliminated on disposal (1,400 )
At 30 April 2024 58,979
NET BOOK VALUE
At 30 April 2024 16,332
At 31 October 2022 17,762

Handley Equestrian Limited (Registered number: 07432547)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Other debtors 5,045 4,673

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts 3,889 3,889
Trade creditors 1,381 1,379
Taxation and social security 2,199 3,744
Other creditors 7,490 12,254
14,959 21,266

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2022
£    £   
Bank loans 20,741 26,574
Other creditors 28,000 31,000
48,741 57,574

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The amount due to the directors at the balance sheet date was £33,035 (2022: £38,553).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is its board of directors.