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REGISTERED NUMBER: 03776168 (England and Wales)















DOWNS EQUESTRIAN SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






DOWNS EQUESTRIAN SERVICES LIMITED (REGISTERED NUMBER: 03776168)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


DOWNS EQUESTRIAN SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mr A Giugni





REGISTERED OFFICE: Ross House
The Square
Stow On The Wold
Gloucestershire
GL54 1AF





REGISTERED NUMBER: 03776168 (England and Wales)





ACCOUNTANTS: William Hinton Limited
Chartered Accountants
Ross House
The Square
Stow On The Wold
Gloucestershire
GL54 1AF

DOWNS EQUESTRIAN SERVICES LIMITED (REGISTERED NUMBER: 03776168)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 613 817

CURRENT ASSETS
Stocks - 6,703
Debtors 5 200,712 174,611
Cash at bank 6,297 11,996
207,009 193,310
CREDITORS
Amounts falling due within one year 6 148,149 132,584
NET CURRENT ASSETS 58,860 60,726
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,473

61,543

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 59,471 61,541
SHAREHOLDERS' FUNDS 59,473 61,543

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 31 July 2024 and were signed by:



Mr A Giugni - Director


DOWNS EQUESTRIAN SERVICES LIMITED (REGISTERED NUMBER: 03776168)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Downs Equestrian Services 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.

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 - 25% on reducing balance
Motor vehicles - 25% 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 year comprises current 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

DOWNS EQUESTRIAN SERVICES LIMITED (REGISTERED NUMBER: 03776168)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 5,652 130,000 135,652
DEPRECIATION
At 1 November 2022 5,387 129,448 134,835
Charge for year 66 138 204
At 31 October 2023 5,453 129,586 135,039
NET BOOK VALUE
At 31 October 2023 199 414 613
At 31 October 2022 265 552 817

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,075 (504 )
Amounts owed by participating interests 196,497 175,115
Other debtors 1,140 -
200,712 174,611

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,936 16,357
Trade creditors 689 1,406
Taxation and social security (398 ) 1,744
Other creditors 135,922 113,077
148,149 132,584

7. RELATED PARTY DISCLOSURES

Mr A Giugni controls Downs Equestrian Services Limited and Downs Equestrian Centre Limited.

At the balance sheet date the following was owed by related parties:

2023 2022
Downs Equestrian Centre Limited £209,248 £175,115