WHITELEAF EQUESTRIAN & AGRICULTURAL CENTRES COMMUNITY INTEREST COMPANY

Company Registration Number:
07582748 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

WHITELEAF EQUESTRIAN & AGRICULTURAL CENTRES COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

WHITELEAF EQUESTRIAN & AGRICULTURAL CENTRES COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 79,869 80,664
Total fixed assets: 79,869 80,664
Current assets
Debtors: 4 934 2,865
Cash at bank and in hand: 4,585 10,213
Total current assets: 5,519 13,078
Creditors: amounts falling due within one year: 5 ( 54,007 ) ( 48,549 )
Net current assets (liabilities): (48,488) (35,471)
Total assets less current liabilities: 31,381 45,193
Creditors: amounts falling due after more than one year: 6 ( 503,981 ) ( 451,128 )
Provision for liabilities: ( 7,237 )
Total net assets (liabilities): (472,600) (413,172)
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: (473,600 ) (414,172 )
Total Shareholders' funds: ( 472,600 ) (413,172)

The notes form part of these financial statements

WHITELEAF EQUESTRIAN & AGRICULTURAL CENTRES COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 14 October 2024
and signed on behalf of the board by:

Name: Mrs Brenda Tyler
Status: Director

The notes form part of these financial statements

WHITELEAF EQUESTRIAN & AGRICULTURAL CENTRES COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue in respect of services performed from livery and riding lessons are recognised when the company obtains the right to the consideration. Revenue from educational courses and pony clubs are recognised in the period to which it relates. Cafe and shop sales are accounted for on a receipts basis.

    Tangible fixed assets depreciation policy

    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. Freehold property - 2% on cost Plant and machinery - 25% on reducing balance Fixtures and fittings - 25% on reducing balance Livestock - 25% on reducing balance Computer equipment - 25% on cost

    Other accounting policies

    Financial instruments: Financial assets - trade and other debtors are basic financial instruments and debt instruments measured at fair value through the Income Statement and are measured subsequently at amortised cost. Prepayments are not financial instruments. Cash comprises cash at bank, in hand and short term deposits with an original maturity date of three months or less. Cash at bank is measured at face value. Financial liabilities - trade creditors and other creditors are measured initially at fair value through the Income Statement and are measured subsequently at amortised cost. 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. Hire purchase and leasing commitments: Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. 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.

WHITELEAF EQUESTRIAN & AGRICULTURAL CENTRES COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 6

WHITELEAF EQUESTRIAN & AGRICULTURAL CENTRES COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 53,753 20,094 11,430 1,065 43,406 129,748
Additions 10,500 10,500
Disposals ( 9,819 ) ( 10,223 ) ( 20,042 )
Revaluations
Transfers
At 31 March 2024 53,753 10,275 1,207 1,065 53,906 120,206
Depreciation
At 1 April 2023 2,038 18,820 10,200 990 17,036 49,084
Charge for year 1,075 204 198 75 8,842 10,394
On disposals ( 9,359 ) ( 9,782 ) ( 19,141 )
Other adjustments
At 31 March 2024 3,113 9,665 616 1,065 25,878 40,337
Net book value
At 31 March 2024 50,640 610 591 0 28,028 79,869
At 31 March 2023 51,715 1,274 1,230 75 26,370 80,664

The motor vehicles category is in fact the livestock that the company holds but due to the online filing template, this cannot be changed.

WHITELEAF EQUESTRIAN & AGRICULTURAL CENTRES COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Trade debtors 245
Other debtors 934 2,620
Total 934 2,865

WHITELEAF EQUESTRIAN & AGRICULTURAL CENTRES COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 1,712 12,684
Taxation and social security 2,618 2,163
Other creditors 49,677 33,702
Total 54,007 48,549

WHITELEAF EQUESTRIAN & AGRICULTURAL CENTRES COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 503,981 451,128
Total 503,981 451,128

COMMUNITY INTEREST ANNUAL REPORT

WHITELEAF EQUESTRIAN & AGRICULTURAL CENTRES COMMUNITY INTEREST COMPANY

Company Number: 07582748 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

The Company operates stables and a farm for educational purposes. The activities have benefitted the community by providing a safe and enjoyable environment in a countryside setting, where children can learn all about horses and how they live. The Centre's goal is to provide an educational and recreational day trying different areas of pony care and stable management. The Centre also offers children access to farm scheme CEVAS and is registered with the KCC Outdoor Pursuits. The Centre has hosted regular events for local residents including summer fairs, barbecues, fun days and a pony club. The Company is a BTEC centre providing courses in pony and animal care, to our community and local schools.

Consultation with stakeholders

The Centre has an interactive website, detailing all upcoming events as well as past. The website provides a comment area for the pony club, as well as tips and hints. Many local schools are involved, making the pony club a great way for children to engage in educational and fun activity after school. The farm, part of the CEVAS scheme, helps to promote the farming industry, sharing their agricultural passion and expertise with the school pupils in conjunction with the national curriculum.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
14 October 2024

And signed on behalf of the board by:
Name: Mrs Brenda Tyler
Status: Director