IRIS Accounts Production v24.3.0.553 11144612 director 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111446122023-01-31111446122024-01-31111446122023-02-012024-01-31111446122022-01-31111446122022-02-012023-01-31111446122023-01-3111144612ns15:EnglandWales2023-02-012024-01-3111144612ns14:PoundSterling2023-02-012024-01-3111144612ns10:Director12023-02-012024-01-3111144612ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3111144612ns10:SmallEntities2023-02-012024-01-3111144612ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3111144612ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3111144612ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3111144612ns10:FullAccounts2023-02-012024-01-3111144612ns10:RegisteredOffice2023-02-012024-01-3111144612ns5:CurrentFinancialInstruments2024-01-3111144612ns5:CurrentFinancialInstruments2023-01-3111144612ns5:Non-currentFinancialInstruments2024-01-3111144612ns5:Non-currentFinancialInstruments2023-01-3111144612ns5:ShareCapital2024-01-3111144612ns5:ShareCapital2023-01-3111144612ns5:RetainedEarningsAccumulatedLosses2024-01-3111144612ns5:RetainedEarningsAccumulatedLosses2023-01-3111144612ns5:PlantMachinery2023-02-012024-01-3111144612ns5:LeaseholdImprovements2023-01-3111144612ns5:PlantMachinery2023-01-3111144612ns5:LeaseholdImprovements2023-02-012024-01-3111144612ns5:LeaseholdImprovements2024-01-3111144612ns5:PlantMachinery2024-01-3111144612ns5:LeaseholdImprovements2023-01-3111144612ns5:PlantMachinery2023-01-3111144612ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3111144612ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3111144612ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-3111144612ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-01-3111144612ns5:DeferredTaxation2023-01-3111144612ns5:DeferredTaxation2024-01-31
REGISTERED NUMBER: 11144612 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Charly Edwards Equestrian Ltd

Charly Edwards Equestrian Ltd (Registered number: 11144612)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Charly Edwards Equestrian Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mrs C W Hughes-Riley





REGISTERED OFFICE: Lower Doiley Farm House
Doiley Bottom
Hurstbourne, Tarrant
Andover
Hampshire
SP110ET





REGISTERED NUMBER: 11144612 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

Charly Edwards Equestrian Ltd (Registered number: 11144612)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 188,987 232,236

CURRENT ASSETS
Stocks 66,250 64,250
Debtors 5 64,940 64,893
Cash at bank 1,943 2,609
133,133 131,752
CREDITORS
Amounts falling due within one year 6 614,992 584,565
NET CURRENT LIABILITIES (481,859 ) (452,813 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(292,872

)

(220,577

)

CREDITORS
Amounts falling due after more than one
year

7

5,071

9,333
NET LIABILITIES (297,943 ) (229,910 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (298,043 ) (230,010 )
(297,943 ) (229,910 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Charly Edwards Equestrian Ltd (Registered number: 11144612)

Balance Sheet - continued
31 January 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 director and authorised for issue on 8 October 2024 and were signed by:





Mrs C W Hughes-Riley - Director


Charly Edwards Equestrian Ltd (Registered number: 11144612)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Charly Edwards Equestrian 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.

The financial statements for the period under review have been prepared on a going concern basis. The director has considered a period of twelve months from the period of approval of these financial statements. They are of the belief the company can continue to trade and therefore on this basis the director believes that it is prudent to prepare the accounts on a going concern basis.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% reducing balance basis

Stocks
Stock is valued at the lower of cost and realisable value by the director.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

Charly Edwards Equestrian Ltd (Registered number: 11144612)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Leasehold Plant and
improvements machinery Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 59,240 314,848 374,088
DEPRECIATION
At 1 February 2023 - 141,852 141,852
Charge for year - 43,249 43,249
At 31 January 2024 - 185,101 185,101
NET BOOK VALUE
At 31 January 2024 59,240 129,747 188,987
At 31 January 2023 59,240 172,996 232,236

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,585 3,457
Other debtors - 1,419
Deferred tax asset 61,355 60,017
64,940 64,893

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,103 4,000
Trade creditors 7,021 16,354
Social security and other taxes 3,267 -
VAT 3,670 962
Other creditors 11,958 2,966
Directors' current accounts 583,348 558,855
Accrued expenses 1,625 1,428
614,992 584,565

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 5,071 9,333

8. DEFERRED TAX
£   
Balance at 1 February 2023 (60,017 )
Accelerated capital allowance 3,038
Losses (4,376 )
Balance at 31 January 2024 (61,355 )

Charly Edwards Equestrian Ltd (Registered number: 11144612)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. RELATED PARTY DISCLOSURES

During the year the director loaned the company a further £24,492 (2023:£57,921).At the balance sheet date, the amount owed from the business to Mrs C W Hughes-Riley, the sole director and shareholder of the company, was £583,348 (2023: £558,855).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs C W Hughes-Riley.