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REGISTERED NUMBER: 12758051 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

AIKE GRANGE LTD

AIKE GRANGE LTD (REGISTERED NUMBER: 12758051)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AIKE GRANGE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J Lyon
N P Lyon





REGISTERED OFFICE: Medina House
2tation Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 12758051 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

AIKE GRANGE LTD (REGISTERED NUMBER: 12758051)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,295,870 1,718,641

CURRENT ASSETS
Stocks 410,000 220,773
Debtors 5 7,136 6,457
Cash at bank and in hand 100,539 4,919
517,675 232,149
CREDITORS
Amounts falling due within one year 6 2,039,162 2,207,732
NET CURRENT LIABILITIES (1,521,487 ) (1,975,583 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

774,383

(256,942

)

CAPITAL AND RESERVES
Called up share capital 7 1,000,000 1,000
Retained earnings (225,617 ) (257,942 )
SHAREHOLDERS' FUNDS 774,383 (256,942 )

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

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

AIKE GRANGE LTD (REGISTERED NUMBER: 12758051)

BALANCE SHEET - continued
31 MARCH 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 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 16 October 2024 and were signed on its behalf by:




N P Lyon - Director



J Lyon - Director


AIKE GRANGE LTD (REGISTERED NUMBER: 12758051)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Aike Grange 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 accounts have been prepared on a going concern basis due to the continued support of the directors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes for horse sales, livery, arena hire, training and shows.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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 statement of income and retained earnings on a straight line basis over the period of the lease.

AIKE GRANGE LTD (REGISTERED NUMBER: 12758051)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 statement of the income and retained earnings in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 1,597,601 181,674 1,779,275
Additions 526,854 104,491 631,345
Disposals - (30,881 ) (30,881 )
At 31 March 2024 2,124,455 255,284 2,379,739
DEPRECIATION
At 1 April 2023 - 60,634 60,634
Charge for year - 36,433 36,433
Eliminated on disposal - (13,198 ) (13,198 )
At 31 March 2024 - 83,869 83,869
NET BOOK VALUE
At 31 March 2024 2,124,455 171,415 2,295,870
At 31 March 2023 1,597,601 121,040 1,718,641

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 100 685
Other debtors 7,036 5,772
7,136 6,457

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 754 10,263
Taxation and social security 32,120 35,139
Other creditors 2,006,288 2,162,330
2,039,162 2,207,732

AIKE GRANGE LTD (REGISTERED NUMBER: 12758051)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
425,000 Ordinary A £1 425,000 425
425,000 Ordinary B £1 425,000 425
50,000 Ordinary C £1 50,000 50
50,000 Ordinary D £1 50,000 50
50,000 Ordinary E £1 50,000 50
1,000,000 1,000

The following shares were issued during the year for cash at par :

424,575 Ordinary A shares of £1
424,575 Ordinary B shares of £1
49,950 Ordinary C shares of £1
49,950 Ordinary D shares of £1
49,950 Ordinary E shares of £1