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REGISTERED NUMBER: 03593384 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

Harrowgate Bloodstock Limited

Harrowgate Bloodstock Limited (Registered number: 03593384)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Harrowgate Bloodstock Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: T D Barron
Dr N J Barron





SECRETARY: Dr N J Barron





REGISTERED OFFICE: Maunby House
Maunby
Thirsk
North Yorkshire
YO7 4HD





REGISTERED NUMBER: 03593384 (England and Wales)





ACCOUNTANTS: Yorkshire Accountants Ripon
Eva Lett House
1 South Crescent
Ripon
North Yorkshire
HG4 1SN

Harrowgate Bloodstock Limited (Registered number: 03593384)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 628,283 637,423

CURRENT ASSETS
Stocks 5 465,800 525,800
Debtors 6 110,381 118,650
Cash at bank and in hand 2,581 10,702
578,762 655,152
CREDITORS
Amounts falling due within one year 7 229,479 312,838
NET CURRENT ASSETS 349,283 342,314
TOTAL ASSETS LESS CURRENT
LIABILITIES

977,566

979,737

CAPITAL AND RESERVES
Called up share capital 150,000 150,000
Retained earnings 827,566 829,737
SHAREHOLDERS' FUNDS 977,566 979,737

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

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

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 and authorised for issue by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





T D Barron - Director


Harrowgate Bloodstock Limited (Registered number: 03593384)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Harrowgate Bloodstock 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.
Land and Buildings - 2% on cost
Plant and Machinery - at variable rates on reducing balance
Fixtures and Fittings - 10% on reducing balance
Motor Vehicles - 10% on reducing balance
Tack and Tools - 15% on reducing balance

Stocks
The stock of horses are classed as thoroughbreds and valued at open market value. All other stock is valued at the lower of cost and net realisable value.


Taxation
Taxation for the year 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

Harrowgate Bloodstock Limited (Registered number: 03593384)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Land and Plant and and
Buildings Machinery Fittings
£    £    £   
COST
At 1 December 2022 684,534 214,816 15,020
Additions 4,062 2,900 -
At 30 November 2023 688,596 217,716 15,020
DEPRECIATION
At 1 December 2022 149,946 183,653 13,252
Charge for year 9,164 5,109 265
At 30 November 2023 159,110 188,762 13,517
NET BOOK VALUE
At 30 November 2023 529,486 28,954 1,503
At 30 November 2022 534,588 31,163 1,768

Motor Tack and
Vehicles Tools Totals
£    £    £   
COST
At 1 December 2022 212,060 5,000 1,131,430
Additions - - 6,962
At 30 November 2023 212,060 5,000 1,138,392
DEPRECIATION
At 1 December 2022 142,257 4,899 494,007
Charge for year 1,549 15 16,102
At 30 November 2023 143,806 4,914 510,109
NET BOOK VALUE
At 30 November 2023 68,254 86 628,283
At 30 November 2022 69,803 101 637,423

5. STOCKS
2023 2022
£    £   
Horses 441,000 502,500
Feed 22,000 19,500
Consumables 2,800 3,800
465,800 525,800

Harrowgate Bloodstock Limited (Registered number: 03593384)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade Debtors 106,906 108,246
Prepayments 3,475 10,404
110,381 118,650

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 123,407 59,740
Other loans 51,471 175,000
Trade Creditors 25,283 15,974
Other Taxes and PAYE 27,951 26,815
Directors' current accounts 764 1,792
Accruals and Deferred Income 603 33,517
229,479 312,838

8. ULTIMATE CONTROLLING PARTY

The controlling party is T D Barron.