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REGISTERED NUMBER: 13661494 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

The Horton Epsom Limited

The Horton Epsom Limited (Registered number: 13661494)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Horton Epsom Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: G Saunders
M Reeves
I M Witcombe





REGISTERED OFFICE: Haven Way
Epsom
Surrey
KT19 8NP





REGISTERED NUMBER: 13661494 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

The Horton Epsom Limited (Registered number: 13661494)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 5,894 -
Debtors 4 1,462 -
Cash at bank and in hand 120,383 100
127,739 100
CREDITORS
Amounts falling due within one year 5 123,164 -
NET CURRENT ASSETS 4,575 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,575

100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,475 -
4,575 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





G Saunders - Director


The Horton Epsom Limited (Registered number: 13661494)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

The Horton Epsom 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with the parent charity.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Gift aid payment to charity
The company pays all taxable profits arising in a reporting period to its parent charity under the gift aid scheme. These gift aid payments are recognised as distributions to owners in equity within retained earnings.

At the reporting date there was no legal obligation in place for the company to make this gift aid payment, although prior to the reporting date the board had indicated its intention to pay the taxable profits to the parent charity in respect of the reporting period. The payment is expected to be made within 9 months of the end of the reporting date.

The change in accounting policy for gift aid payments results in the company recognising a taxation charge on its profits for the year. However, the application of the exception under paragraph 29.14A of FRS 102 provides relief in respect of the accounting for the tax charge. This results in an overall £nil charge for tax in the income statement. This exception is only applicable as it is probable that the gift aid payment will be made by the company to the parent charity within 9 months of the reporting date.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 490 -
Other debtors 972 -
1,462 -

The Horton Epsom Limited (Registered number: 13661494)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 36 -
Amounts owed to group undertakings 115,784 -
Social security and other taxes 4,927 -
Other creditors 1,417 -
Accruals and deferred income 1,000 -
123,164 -

6. RELATED PARTY DISCLOSURES

During the year the company paid management charges to the value of £42,001 (2023 - £NIL) to its parent charity, Horton Chapel Arts and Heritage Society. At the balance sheet date the company owed £115,784 (2023 - £NIL) to Horton Chapel Arts and Heritage Society.

7. ULTIMATE PARENT COMPANY

The ultimate parent company is Horton Chapel Arts and Heritage Society a charitable company incorporated in England and Wales, which shares the registered office as detailed on page 1. The financial statements of Horton Chapel Arts and Heritage Society can be obtained from The Charity Commission.