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REGISTERED NUMBER: 06862675 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

YOUR HORSEMANSHIP LIMITED

YOUR HORSEMANSHIP LIMITED (REGISTERED NUMBER: 06862675)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

YOUR HORSEMANSHIP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: J Webb





REGISTERED OFFICE: 28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ





REGISTERED NUMBER: 06862675 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ

YOUR HORSEMANSHIP LIMITED (REGISTERED NUMBER: 06862675)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,113 67,866

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 6,752 3,790
Cash at bank 23,559 23,008
31,311 27,798
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

20,699

23,257
NET CURRENT ASSETS 10,612 4,541
TOTAL ASSETS LESS CURRENT LIABILITIES 73,725 72,407

PROVISIONS FOR LIABILITIES 7 358 9,874
NET ASSETS 73,367 62,533

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 73,267 62,433
SHAREHOLDERS' FUNDS 73,367 62,533

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





J Webb - Director


YOUR HORSEMANSHIP LIMITED (REGISTERED NUMBER: 06862675)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Your Horsemanship 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
In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

On the basis of this consideration, the directors are satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they consider that no material uncertainty exists. As a result, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements.

Turnover
Turnover represents invoices raised in respect of horse training services and retail sales excluding value added tax.

Turnover is recognised at the point at which the right to consideration becomes due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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.

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.

YOUR HORSEMANSHIP LIMITED (REGISTERED NUMBER: 06862675)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 91,697 39,741 10,899
Additions 8,813 - -
Disposals (4,821 ) - -
At 31 March 2024 95,689 39,741 10,899
DEPRECIATION
At 1 April 2023 44,377 30,195 7,664
Charge for year 4,883 1,909 485
Eliminated on disposal (482 ) - -
At 31 March 2024 48,778 32,104 8,149
NET BOOK VALUE
At 31 March 2024 46,911 7,637 2,750
At 31 March 2023 47,320 9,546 3,235

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 27,000 4,552 173,889
Additions - - 8,813
Disposals - - (4,821 )
At 31 March 2024 27,000 4,552 177,881
DEPRECIATION
At 1 April 2023 19,246 4,541 106,023
Charge for year 1,939 11 9,227
Eliminated on disposal - - (482 )
At 31 March 2024 21,185 4,552 114,768
NET BOOK VALUE
At 31 March 2024 5,815 - 63,113
At 31 March 2023 7,754 11 67,866

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,752 3,790

YOUR HORSEMANSHIP LIMITED (REGISTERED NUMBER: 06862675)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 8,379
Tax 6,846 3,061
Social security and other taxes 1,039 1,146
VAT 11,119 8,311
Other creditors 384 1,049
Directors' current accounts 11 61
Accrued expenses 1,300 1,250
20,699 23,257

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 358 9,874

Deferred
tax
£   
Balance at 1 April 2023 9,874
Movement (9,516 )
Balance at 31 March 2024 358

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2023 62,433
Profit for the year 31,534
Dividends (20,700 )
At 31 March 2024 73,267

10. RELATED PARTY DISCLOSURES

As at the balance sheet date the company owed the directors £11 (2023 - £62).

This loan has no terms attached to it.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
YOUR HORSEMANSHIP LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Your Horsemanship Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Your Horsemanship Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Your Horsemanship Limited and state those matters that we have agreed to state to the director of Your Horsemanship Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Your Horsemanship Limited and its director for our work or for this report.

It is your duty to ensure that Your Horsemanship 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 Your Horsemanship Limited. You consider that Your Horsemanship 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 Your Horsemanship 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.






Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ


Date: .............................................