Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-2912023-03-01falseThe principal activity of the Company during the period was the rental of residential property and equine facilities.1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10607336 2023-03-01 2024-02-29 10607336 2022-03-01 2023-02-28 10607336 2024-02-29 10607336 2023-02-28 10607336 c:Director1 2023-03-01 2024-02-29 10607336 d:PlantMachinery 2023-03-01 2024-02-29 10607336 d:PlantMachinery 2024-02-29 10607336 d:PlantMachinery 2023-02-28 10607336 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10607336 d:OfficeEquipment 2023-03-01 2024-02-29 10607336 d:OfficeEquipment 2024-02-29 10607336 d:OfficeEquipment 2023-02-28 10607336 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10607336 d:ComputerEquipment 2023-03-01 2024-02-29 10607336 d:ComputerEquipment 2024-02-29 10607336 d:ComputerEquipment 2023-02-28 10607336 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10607336 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10607336 d:FreeholdInvestmentProperty 2024-02-29 10607336 d:FreeholdInvestmentProperty 2023-02-28 10607336 d:CurrentFinancialInstruments 2024-02-29 10607336 d:CurrentFinancialInstruments 2023-02-28 10607336 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 10607336 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10607336 d:ShareCapital 2024-02-29 10607336 d:ShareCapital 2023-02-28 10607336 d:RetainedEarningsAccumulatedLosses 2024-02-29 10607336 d:RetainedEarningsAccumulatedLosses 2023-02-28 10607336 c:OrdinaryShareClass1 2023-03-01 2024-02-29 10607336 c:OrdinaryShareClass1 2024-02-29 10607336 c:OrdinaryShareClass1 2023-02-28 10607336 c:FRS102 2023-03-01 2024-02-29 10607336 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10607336 c:FullAccounts 2023-03-01 2024-02-29 10607336 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10607336 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10607336









BELSAR'S HILL STUD AND FARM LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
BELSAR'S HILL STUD AND FARM LTD
REGISTERED NUMBER: 10607336

BALANCE SHEET
AS AT 29 FEBRUARY 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
125,651
146,449

Investment property
 5 
1,416,820
1,416,820

  
1,542,471
1,563,269

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
10,394
8,784

Cash at bank and in hand
  
1,428
10,001

  
11,822
18,785

Creditors: amounts falling due within one year
 7 
(2,305,429)
(2,241,792)

NET CURRENT LIABILITIES
  
 
 
(2,293,607)
 
 
(2,223,007)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(751,136)
(659,738)

  

NET LIABILITIES
  
(751,136)
(659,738)


CAPITAL AND RESERVES
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(751,137)
(659,739)

  
(751,136)
(659,738)


Page 1

 
BELSAR'S HILL STUD AND FARM LTD
REGISTERED NUMBER: 10607336
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



M J Hunter
Director

Date: 20 November 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BELSAR'S HILL STUD AND FARM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


GENERAL INFORMATION

Belsar's Hill Stud and Farm Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 24 Wordsworth Grove, Cambridge, CB24 5JN.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The Company had net liabilities of £751,136 as at 29 February 2024 (2023 - £659,738). The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive the financial support from its shareholder to provide sufficient funds to enable it to meet its liabilities as they fall due.

 
2.3

TURNOVER

Turnover comprises rental income recognised by the Company during the year, exclusive of value added tax.

 
2.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Equine equipment
-
10%
straight-line
Office and household equipment
-
20%
straight-line
Computer equipment
-
20%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
BELSAR'S HILL STUD AND FARM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


EMPLOYEES




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
BELSAR'S HILL STUD AND FARM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


TANGIBLE FIXED ASSETS







Equine equipment
Office and household equipment
Computer equipment
Total

£
£
£
£



COST OR VALUTATION


At 1 March 2023
272,899
279
717
273,895


Additions
-
918
327
1,245



At 29 February 2024

272,899
1,197
1,044
275,140



DEPRECIATION


At 1 March 2023
127,024
279
143
127,446


Charge for the year on owned assets
21,757
88
198
22,043



At 29 February 2024

148,781
367
341
149,489



NET BOOK VALUE



At 29 February 2024
124,118
830
703
125,651



At 28 February 2023
145,875
-
574
146,449


5.


INVESTMENT PROPERTY





Freehold investment property

£



VALUATION


At 1 March 2023
1,416,820



AT 29 FEBRUARY 2024
1,416,820

The 2024 valuations were made by the director, on an open market value for existing use basis, based on professional advice received.

In the opinion of the director, the cost of the investment property does not differ materially from its market value.




Page 5

 
BELSAR'S HILL STUD AND FARM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


DEBTORS

2024
2023
£
£


Other debtors
2,349
998

Prepayments and accrued income
8,045
7,786

10,394
8,784



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
9,660
9,968

Other creditors
2,291,360
2,228,669

Accruals and deferred income
4,409
3,155

2,305,429
2,241,792



8.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2023 - 100) Ordinary shares of £0.01 each
1
1


 
Page 6