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REGISTERED NUMBER: 06496127 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2023 TO 31 DECEMBER 2023

FOR

LINGFIELD EQUINE LTD

LINGFIELD EQUINE LTD (REGISTERED NUMBER: 06496127)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LINGFIELD EQUINE LTD

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023







DIRECTORS: Mrs R P Atherton
G H C Christopherson





SECRETARY: Mrs R P Atherton





REGISTERED OFFICE: Chester Lodge
Felbridge
East Grinstead
West Sussex
RH19 2RD





REGISTERED NUMBER: 06496127 (England and Wales)





ACCOUNTANTS: GBJ Financial Limited
Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW

LINGFIELD EQUINE LTD (REGISTERED NUMBER: 06496127)

BALANCE SHEET
31 DECEMBER 2023

2023 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,137,971 902,132

CURRENT ASSETS
Stocks 200,000 190,000
Debtors 5 99,990 183,741
Cash at bank and in hand 335,490 193,893
635,480 567,634
CREDITORS
Amounts falling due within one year 6 437,562 239,141
NET CURRENT ASSETS 197,918 328,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,335,889

1,230,625

CREDITORS
Amounts falling due after more than one
year

7

411,041

383,958
NET ASSETS 924,848 846,667

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 924,748 846,567
SHAREHOLDERS' FUNDS 924,848 846,667

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

LINGFIELD EQUINE LTD (REGISTERED NUMBER: 06496127)

BALANCE SHEET - continued
31 DECEMBER 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 29 August 2024 and were signed on its behalf by:





G H C Christopherson - Director


LINGFIELD EQUINE LTD (REGISTERED NUMBER: 06496127)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023


1. STATUTORY INFORMATION

Lingfield Equine Ltd 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 sales of goods and services, excluding value added tax.

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 - 10% on cost
Plant and machinery etc - 33% on cost, 20% on cost and 10% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 25 (2023 - 22 ) .

LINGFIELD EQUINE LTD (REGISTERED NUMBER: 06496127)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 April 2023 19,415 1,485,837 1,505,252
Additions - 368,211 368,211
At 31 December 2023 19,415 1,854,048 1,873,463
DEPRECIATION
At 1 April 2023 19,415 583,705 603,120
Charge for period - 132,372 132,372
At 31 December 2023 19,415 716,077 735,492
NET BOOK VALUE
At 31 December 2023 - 1,137,971 1,137,971
At 31 March 2023 - 902,132 902,132

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£ £
Trade debtors 92,793 73,575
Amounts owed by group undertakings - 107,735
Other debtors 7,197 2,431
99,990 183,741

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£ £
Bank loans and overdrafts 122,000 50,000
Hire purchase contracts 3,468 3,467
Trade creditors 68,897 53,889
Amounts owed to group undertakings 140,150 -
Taxation and social security 99,004 124,442
Other creditors 4,043 7,343
437,562 239,141

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2023
£ £
Bank loans 408,000 377,679
Hire purchase contracts 3,041 6,279
411,041 383,958

LINGFIELD EQUINE LTD (REGISTERED NUMBER: 06496127)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2023
£ £
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 45,000 195,179

8. RELATED PARTY DISCLOSURES

During the period, management fees of £70,599 (year ended 31 March 2023 - £92,760) was paid to Portland Veterinary Services Limited, a company registered in England and Wales. A director and shareholder of Lingfield Equine Limited is also a director and shareholder of Portland Veterinary Service Limited.

At the period end, £nil (year ended 31 March 2023 - £107) was owed to the company by Green Counties Vets Ltd, a company under the same control as Lingfield Equine Ltd.

At the period end, £140,150 (year ended 31 March 2023 - £Nil) was owed by the company to Portland Vets Limited, a company under the same control as Lingfield Equine Ltd.