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Registration number: 11894113

Richard Bristow Equine Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 November 2023

 

Richard Bristow Equine Ltd

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

Richard Bristow Equine Ltd

(Registration number: 11894113)
Abridged Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Other financial assets

4

217,517

217,517

Current assets

 

Debtors

17,450

8,908

Cash at bank and in hand

 

8,540

9,621

 

25,990

18,529

Creditors: Amounts falling due within one year

5

(68,246)

(14,985)

Net current (liabilities)/assets

 

(42,256)

3,544

Total assets less current liabilities

 

175,261

221,061

Creditors: Amounts falling due after more than one year

6

(78,097)

(184,607)

Net assets

 

97,164

36,454

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

97,163

36,453

Total equity

 

97,164

36,454

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 30 August 2024
 

Mr R M Bristow

Director

 

Richard Bristow Equine Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Manor Farm Cottages
Teffont
Salisbury
Wiltshire
SP3 5RB

These financial statements were authorised for issue by the director on 30 August 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. Of the companies current liabilities at 30 November 2023, an amount of £57,645 is owed to the Director, who has agreed to continue to support the company, and not to demand repayment of this amount to the extent that any such repayment would jeopardise the future of the company.

Revenue recognition

Turnover represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Richard Bristow Equine Ltd

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

4

Other financial assets (current and non-current)

Total
£

Non-current financial assets

Cost or valuation

Additions

217,517

At 30 November 2023

217,517

Carrying amount

At 30 November 2023

217,517

5

Creditors: amounts falling due within one year

Creditors include bank loans which are secured of £10,600 (2022 - £14,700).

6

Creditors: amounts falling due after more than one year

Creditors include bank loans which are secured of £78,094 (2022 - £184,607).