2022-11-11 2023-11-30 false Capium Accounts Production 1.1 14477446 bus:FullAccounts 2022-11-11 2023-11-30 14477446 bus:FRS102 2022-11-11 2023-11-30 14477446 bus:AuditExemptWithAccountantsReport 2022-11-11 2023-11-30 14477446 bus:SmallCompaniesRegimeForAccounts 2022-11-11 2023-11-30 14477446 bus:PrivateLimitedCompanyLtd 2022-11-11 2023-11-30 14477446 2022-11-11 2023-11-30 14477446 2023-11-30 14477446 bus:RegisteredOffice 2022-11-11 2023-11-30 14477446 core:WithinOneYear 2023-11-30 14477446 core:AfterOneYear 2023-11-30 14477446 bus:Director1 2022-11-11 2023-11-30 14477446 bus:Director1 2023-11-30 14477446 bus:Director2 2022-11-11 2023-11-30 14477446 bus:Director2 2023-11-30 14477446 2021-11-11 14477446 bus:LeadAgentIfApplicable 2022-11-11 2023-11-30 14477446 2022-11-10 14477446 bus:OrdinaryShareClass1 2022-11-11 2023-11-30 14477446 bus:OrdinaryShareClass1 2023-11-30 14477446 core:PlantMachinery 2022-11-11 2023-11-30 14477446 core:PlantMachinery 2023-11-30 14477446 core:PlantMachinery 2022-11-10 14477446 core:ComputerEquipment 2022-11-11 2023-11-30 14477446 core:ComputerEquipment 2023-11-30 14477446 core:ComputerEquipment 2022-11-10 14477446 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-11-30 14477446 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-11-10 14477446 core:CostValuation core:Non-currentFinancialInstruments 2023-11-30 14477446 core:CostValuation core:Non-currentFinancialInstruments 2022-11-10 14477446 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-11-30 14477446 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-11-30 14477446 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-11-30 14477446 core:Non-currentFinancialInstruments 2023-11-30 14477446 core:Non-currentFinancialInstruments 2022-11-10 14477446 core:ShareCapital 2023-11-30 14477446 core:RetainedEarningsAccumulatedLosses 2023-11-30 14477446 core:ShareCapitalOrdinaryShares 2022-11-11 14477446 core:ShareCapitalOrdinaryShares 2022-11-11 2023-11-30 14477446 core:ShareCapitalOrdinaryShares 2023-11-30 14477446 core:RevaluationReserve 2022-11-11 14477446 core:RevaluationReserve 2022-11-11 2023-11-30 14477446 core:RevaluationReserve 2023-11-30 14477446 core:CapitalRedemptionReserve 2022-11-11 14477446 core:CapitalRedemptionReserve 2022-11-11 2023-11-30 14477446 core:CapitalRedemptionReserve 2023-11-30 14477446 core:RetainedEarningsAccumulatedLosses 2022-11-11 14477446 core:RetainedEarningsAccumulatedLosses 2022-11-11 2023-11-30 14477446 core:RetainedEarningsAccumulatedLosses 2023-11-30 14477446 dpl:Item1 2022-11-11 14477446 dpl:Item1 2023-11-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 14477446
England and Wales

 

 

 

COLBERT STUD LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 11 November 2022

End date: 30 November 2023
Directors E Bird
O Colbert
Registered Number 14477446
Registered Office 99 101 Kingsland Road
London
E2 8AG
Accountants Versa Tax Solutions Ltd
9 Corbets Tey Road
Upminster
Essex
RM14 2AP
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 30 November 2023
Principal activities
The companys principal activity during the year was raising of horses and other equines.
Directors
The directors who served the company throughout the period were as follows:
E Bird
O Colbert
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
O Colbert
Director

Date approved: 06 September 2024
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 November 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Versa Tax Solutions Ltd
30 November 2023



....................................................
Versa Tax Solutions Ltd
9 Corbets Tey Road
Upminster
Essex
RM14 2AP
06 September 2024
3
 
 
Notes
 
2023
£
Turnover 111,883 
Cost of sales (148,028)
Gross profit/loss (36,145)
Administrative expenses (591,707)
Operating loss (627,852)
Profit/(Loss) on ordinary activities before taxation (627,852)
Tax on profit on ordinary activities
Profit/(Loss) for the financial period (627,852)
 
4
 
 
Notes
 
2023
£
Fixed assets    
Tangible fixed assets 3 159,871 
Investments 4 50,000 
209,871 
Current assets    
Stocks 5 55,000 
Debtors 6 3,092 
Cash at bank and in hand 9,507 
67,599 
Creditors: amount falling due within one year 7 (853,245)
Net current assets (785,646)
 
Total assets less current liabilities (575,775)
Creditors: amount falling due after more than one year 8 (51,977)
Net assets (627,752)
 

Capital and reserves
   
Called up share capital 9 100 
Profit and loss account (627,852)
Shareholders' funds (627,752)
 


For the period ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 06 September 2024 and were signed on its behalf by:


-------------------------------
O Colbert
Director
5
  Equity share capital   Revaluation reserve   Capital redemption reserve   Retained Earnings   Total
£ £ £ £ £
At 11 November 2022
Profit for the period (627,852) (627,852)
Total comprehensive income for the period (627,852) (627,852)
Shares issued 100  100 
Total investments by and distributions to owners 100  100 
At 30 November 2023 100  (627,852) (627,752)
6
General Information
Colbert Stud Ltd is a private company, limited by shares, registered in England and Wales, registration number 14477446, registration address 99 101 Kingsland Road, London, E2 8AG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Computer Equipment 20% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the period was 2.
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 11 November 2022    
Additions 196,154    4,012    200,166 
Disposals    
At 30 November 2023 196,154    4,012    200,166 
Depreciation
At 11 November 2022    
Charge for period 39,231    1,064    40,295 
On disposals    
At 30 November 2023 39,231    1,064    40,295 
Net book values
Closing balance as at 30 November 2023 156,923    2,948    159,871 
Opening balance as at 11 November 2022    


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 11 November 2022  
Additions 50,000    50,000 
Transfer to/from tangible fixed assets  
Disposals  
At 30 November 2023 50,000    50,000 

5.

Stocks

2023
£
Stocks 55,000 
55,000 

6.

Debtors: amounts falling due within one year

2023
£
Other Debtors 3,092 
3,092 

7.

Creditors: amount falling due within one year

2023
£
Trade Creditors 35,886 
Amounts Owed to Group Undertakings 606,433 
PAYE & Social Security 5,855 
Advance Paid 133 
Other Creditors 15,499 
Wages & Salaries Control Account 400 
VAT (11,980)
Directors' Current Accounts 201,019 
853,245 

8.

Creditors: amount falling due after more than one year

2023
£
Obligations Under HP/Financial Leases 51,977 
51,977 

9.

Share Capital

Allotted, called up and fully paid
2023
£
100 Class A shares of £1.00 each 100 
100 

7