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REGISTERED NUMBER: 11269536 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

HORTON'S STEAM FAIR LIMITED

HORTON'S STEAM FAIR LIMITED (REGISTERED NUMBER: 11269536)






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


HORTON'S STEAM FAIR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr J A Horton





SECRETARY: Gibson Whitter Secretaries Limited





REGISTERED OFFICE: Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP





REGISTERED NUMBER: 11269536 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

HORTON'S STEAM FAIR LIMITED (REGISTERED NUMBER: 11269536)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 164,474 122,431
164,474 122,431

CURRENT ASSETS
Debtors 6 18,432 18,129
Cash at bank and in hand 80,985 131,107
99,417 149,236
CREDITORS
Amounts falling due within one year 7 117,065 162,684
NET CURRENT LIABILITIES (17,648 ) (13,448 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,826

108,983

CREDITORS
Amounts falling due after more than one
year

8

(7,693

)

(12,723

)

PROVISIONS FOR LIABILITIES 9 (6,858 ) (7,674 )
NET ASSETS 132,275 88,586

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 132,175 88,486
132,275 88,586

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 director acknowledges his 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.

HORTON'S STEAM FAIR LIMITED (REGISTERED NUMBER: 11269536)

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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 26 October 2024 and were signed by:





Mr J A Horton - Director


HORTON'S STEAM FAIR LIMITED (REGISTERED NUMBER: 11269536)

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

1. STATUTORY INFORMATION

Horton's Steam Fair Limited 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 company had net current liabilities at the balance sheet date due to amounts owed to the director. The director has confirmed that he will not request repayment of this until the company is in a financial position to do so and therefore the accounts have been prepared 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

HORTON'S STEAM FAIR LIMITED (REGISTERED NUMBER: 11269536)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 30,000
AMORTISATION
At 1 April 2023
and 31 March 2024 30,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

HORTON'S STEAM FAIR LIMITED (REGISTERED NUMBER: 11269536)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 20,234 141,230 161,464
Additions - 52,968 52,968
At 31 March 2024 20,234 194,198 214,432
DEPRECIATION
At 1 April 2023 - 39,033 39,033
Charge for year - 10,925 10,925
At 31 March 2024 - 49,958 49,958
NET BOOK VALUE
At 31 March 2024 20,234 144,240 164,474
At 31 March 2023 20,234 102,197 122,431

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 23,607
DEPRECIATION
At 1 April 2023 15,930
Charge for year 1,919
At 31 March 2024 17,849
NET BOOK VALUE
At 31 March 2024 5,758
At 31 March 2023 7,677

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 776 7,397
Other debtors 17,656 10,732
18,432 18,129

HORTON'S STEAM FAIR LIMITED (REGISTERED NUMBER: 11269536)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,071 4,949
Trade creditors 5,164 21,947
Taxation and social security 8,960 21,586
Other creditors 97,870 114,202
117,065 162,684

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 7,693 12,723

Other creditors above relate to a Bounce Back loan.

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 6,858 7,674

Deferred
tax
£   
Balance at 1 April 2023 7,674
Utilised during year (816 )
Balance at 31 March 2024 6,858

10. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the director £89,998 (31.3.23: £108,346).

11. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr J Horton by virtue of his shareholding.