Registered number
09879342
MH Equestrian Ltd
Unaudited Filleted Accounts
31 December 2023
Smithfield Accountants LLP
Chartered Accountants
Suite 1, Unit 2, Stansted Courtyard
Parsonage Road, Takeley, Essex, CM22 6PU
MH Equestrian Ltd
Registered number: 09879342
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 11,102 13,833
Current assets
Stocks 80,000 69,648
Debtors 4 40,648 27,760
Cash at bank and in hand 47,614 23,824
168,262 121,232
Creditors: amounts falling due within one year 5 (40,314) (39,581)
Net current assets 127,948 81,651
Total assets less current liabilities 139,050 95,484
Net assets 136,275 92,856
Capital and reserves
Called up share capital 6 100 100
Profit and loss account 136,175 92,756
Shareholder's funds 136,275 92,856
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account and director's report has not been delivered to the Registrar of Companies.
M Heyvaert
Director
Approved by the board on 10 June 2024
MH Equestrian Ltd
Notes to the Abridged Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Stock
Stock is valued using the fair value model, as the fair value less costs to sell, where the fair value is the amount for which an asset could be exchanged between knowledgable, willing parties in an arm's length transaction.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Taxation
Corporation tax 11,406 13,038
Prior year adjustments - -
11,553 15,666
Due to loss relief, no UK corporation tax is payable.
3 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Plant & machinery Total
2023 2022
£ £ £ £
Cost
At 1 January 2023 - 23,257 23,257 11,834
Additions - 969 969 11,423
Disposals - - - -
At 31 December 2023 - 24,226 24,226 23,257
Depreciation
At 1 January 2023 - 9,424 9,424 4,813
Charge for the year - 3,700 3,700 4,611
On disposals - - - -
At 31 December 2023 - 13,124 13,124 9,424
Net book value
At 1 January 2023 - 13,833 13,833 7,021
At 31 December 2023 - 11,102 11,102 13,833
4 Debtors 2023 2022
£ £
Trade debtors 40,504 27,616
Other debtors 144 144
40,648 27,760
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 3,500 4,624
Corporation tax 11,406 13,038
VAT 144 144
Director's loan 14,376 16,233
40,314 39,581
6 Share capital Nominal 2023 2023 2022
value Number £ £
Authorised:
Ordinary shares £1 each 100 100 100
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
7 Related party transactions
Director M Heyvaert has loaned the company some funds during the year.

The loan is interest free, and falls due to be paid in less than one year.
8 Controlling party
The company is controlled by its director.
9 Other information
MH Equestrian Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 1, Unit 2, Stansted Courtyard
Parsonage Road, Takeley, Essex, CM22 6PU
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