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REGISTERED NUMBER: 04498742 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

WOODREDON EQUESTRIAN CENTRE LIMITED

WOODREDON EQUESTRIAN CENTRE LIMITED (REGISTERED NUMBER: 04498742)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOODREDON EQUESTRIAN CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mrs S M Vincent
B Vincent





SECRETARY: Mrs S D Butchart





REGISTERED OFFICE: The Old Court House
26A Church Street
Bishop's Stortford
Hertfordshire
CM23 2LY





REGISTERED NUMBER: 04498742 (England and Wales)





ACCOUNTANTS: Paul Dawson & Co Limited
The Old Courthouse
26A Church Street
Bishops Stortford
Hertfordshire
CM23 2LY

WOODREDON EQUESTRIAN CENTRE LIMITED (REGISTERED NUMBER: 04498742)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 151,115 162,450
151,116 162,451

CURRENT ASSETS
Stocks 6 13,200 7,200
Debtors 7 14,385 13,161
Cash at bank 84,606 67,974
112,191 88,335
CREDITORS
Amounts falling due within one year 8 218,486 232,806
NET CURRENT LIABILITIES (106,295 ) (144,471 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,821

17,980

CREDITORS
Amounts falling due after more than one
year

9

37,722

39,365
NET ASSETS/(LIABILITIES) 7,099 (21,385 )

CAPITAL AND RESERVES
Called up share capital 102 100
Retained earnings 6,997 (21,485 )
SHAREHOLDERS' FUNDS 7,099 (21,385 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

WOODREDON EQUESTRIAN CENTRE LIMITED (REGISTERED NUMBER: 04498742)

BALANCE SHEET - continued
30 JUNE 2023


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 Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by:




Mrs S M Vincent - Director



B Vincent - Director


WOODREDON EQUESTRIAN CENTRE LIMITED (REGISTERED NUMBER: 04498742)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Woodredon Equestrian Centre 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

3. EMPLOYEES AND DIRECTORS

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

WOODREDON EQUESTRIAN CENTRE LIMITED (REGISTERED NUMBER: 04498742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 243,450 1 243,451
AMORTISATION
At 1 July 2022
and 30 June 2023 243,450 - 243,450
NET BOOK VALUE
At 30 June 2023 - 1 1
At 30 June 2022 - 1 1

5. TANGIBLE FIXED ASSETS
Improvements
to
Short leasehold Fixtures Plant and
leasehold property & fittings machinery
£    £    £    £   
COST
At 1 July 2022
and 30 June 2023 3,314 113,800 12,593 9,237
DEPRECIATION
At 1 July 2022 - - 11,929 9,042
Charge for year - - 166 49
At 30 June 2023 - - 12,095 9,091
NET BOOK VALUE
At 30 June 2023 3,314 113,800 498 146
At 30 June 2022 3,314 113,800 664 195

Motor Computer
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022
and 30 June 2023 190,846 13,125 4,902 347,817
DEPRECIATION
At 1 July 2022 147,547 12,554 4,295 185,367
Charge for year 10,825 143 152 11,335
At 30 June 2023 158,372 12,697 4,447 196,702
NET BOOK VALUE
At 30 June 2023 32,474 428 455 151,115
At 30 June 2022 43,299 571 607 162,450

WOODREDON EQUESTRIAN CENTRE LIMITED (REGISTERED NUMBER: 04498742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


6. STOCKS
2023 2022
£    £   
Livestock 13,200 7,200

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 14,385 13,161

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,956 10,269
Trade creditors 426 6,735
Taxation and social security 22,679 14,885
Other creditors 189,425 200,917
218,486 232,806

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 37,722 39,365

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,898 -