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REGISTERED NUMBER: 03193741 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

BERKSHIRE RIDING CENTRE LIMITED

BERKSHIRE RIDING CENTRE LIMITED (REGISTERED NUMBER: 03193741)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


BERKSHIRE RIDING CENTRE LIMITED

Company Information
for the year ended 31 May 2024







DIRECTORS: R G Lord
T G F Lord





SECRETARY: T G F Lord





REGISTERED OFFICE: Beckfield
Crouch Lane
Winkfield
Windsor
Berkshire
SL4 4TN





REGISTERED NUMBER: 03193741 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Berkshire Riding Centre Limited

The following reproduces the text of the report prepared for the directors 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 Directors 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 Berkshire Riding Centre Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Board of Directors of Berkshire Riding Centre Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Berkshire Riding Centre Limited and state those matters that we have agreed to state to the Board of Directors of Berkshire Riding Centre Limited, as a body, 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 Berkshire Riding Centre Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Berkshire Riding Centre 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 Berkshire Riding Centre Limited. You consider that Berkshire Riding Centre 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 Berkshire Riding Centre 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.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


30 August 2024

BERKSHIRE RIDING CENTRE LIMITED (REGISTERED NUMBER: 03193741)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 254,905 271,575

CURRENT ASSETS
Stocks 113,050 131,550
Debtors 5 2,100 713
Cash at bank and in hand 18,402 52,236
133,552 184,499
CREDITORS
Amounts falling due within one year 6 138,996 120,367
NET CURRENT (LIABILITIES)/ASSETS (5,444 ) 64,132
TOTAL ASSETS LESS CURRENT
LIABILITIES

249,461

335,707

CREDITORS
Amounts falling due after more than one
year

7

(81,493

)

(147,552

)

PROVISIONS FOR LIABILITIES 8 (11,844 ) (14,039 )
NET ASSETS 156,124 174,116

CAPITAL AND RESERVES
Called up share capital 9 2,000 2,000
Retained earnings 154,124 172,116
SHAREHOLDERS' FUNDS 156,124 174,116

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

BERKSHIRE RIDING CENTRE LIMITED (REGISTERED NUMBER: 03193741)

Balance Sheet - continued
31 May 2024


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 Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





T G F Lord - Director


BERKSHIRE RIDING CENTRE LIMITED (REGISTERED NUMBER: 03193741)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Berkshire Riding 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 represents net sales of goods and services, excluding value added tax, and is recognised when services are rendered or goods are sold.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Haybarn and stables - Straight line over 50 years
Leasehold property improvements - Straight line over 50 years
Office and viewing room - Straight line over 30 years
Indoor school and arena - Straight line over 10 years
Storage building and workshop - Straight line over 15 years
Plant and machinery - 10% on reducing balance

Land is not depreciated.

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 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.

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.

BERKSHIRE RIDING CENTRE LIMITED (REGISTERED NUMBER: 03193741)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contract or finance leases are capitalised in the balance sheet. Those under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of those obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over their period of the lease.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 15 ) .

BERKSHIRE RIDING CENTRE LIMITED (REGISTERED NUMBER: 03193741)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Office
Haybarn Leasehold and
and property viewing
stables improvements room
£    £    £   
COST
At 1 June 2023 65,485 86,026 41,006
Additions - - -
At 31 May 2024 65,485 86,026 41,006
DEPRECIATION
At 1 June 2023 5,654 8,171 6,626
Charge for year 1,310 1,720 1,366
At 31 May 2024 6,964 9,891 7,992
NET BOOK VALUE
At 31 May 2024 58,521 76,135 33,014
At 31 May 2023 59,831 77,855 34,380

Storage
Indoor building
school and Plant and
and arena workshop machinery Totals
£    £    £    £   
COST
At 1 June 2023 80,330 17,741 85,479 376,067
Additions - - 1,566 1,566
At 31 May 2024 80,330 17,741 87,045 377,633
DEPRECIATION
At 1 June 2023 38,681 4,566 40,794 104,492
Charge for year 8,033 1,182 4,625 18,236
At 31 May 2024 46,714 5,748 45,419 122,728
NET BOOK VALUE
At 31 May 2024 33,616 11,993 41,626 254,905
At 31 May 2023 41,649 13,175 44,685 271,575

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors (835 ) (416 )
Other debtors 2,935 1,129
2,100 713

BERKSHIRE RIDING CENTRE LIMITED (REGISTERED NUMBER: 03193741)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 55,617 41,787
Other creditors 83,379 78,580
138,996 120,367

Within other creditors £42,344 (2023, £38,293) relates to a government backed business interruption loan.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 81,493 147,552

Within other creditors £10,322 (2023, £52,667) relates to a government backed business interruption loan.

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 11,844 14,039

Deferred
tax
£   
Balance at 1 June 2023 14,039
Movement (2,195 )
Balance at 31 May 2024 11,844

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,000 Ordinary £1 2,000 2,000

10. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.