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REGISTERED NUMBER: 10521113 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CHESSINGTON EQUESTRIAN CENTRE LIMITED

CHESSINGTON EQUESTRIAN CENTRE LIMITED (REGISTERED NUMBER: 10521113)






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

Chartered Accountants' Report 7

CHESSINGTON EQUESTRIAN CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: L J Lyeach
S Rawlinson





REGISTERED OFFICE: 28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ





REGISTERED NUMBER: 10521113 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ

CHESSINGTON EQUESTRIAN CENTRE LIMITED (REGISTERED NUMBER: 10521113)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 55,310 46,013
Investments 6 17,925 26,625
73,235 72,638

CURRENT ASSETS
Debtors 7 4,576 6,662
Cash at bank and in hand 2,786 2,307
7,362 8,969
CREDITORS
Amounts falling due within one year 8 55,881 42,657
NET CURRENT LIABILITIES (48,519 ) (33,688 )
TOTAL ASSETS LESS CURRENT LIABILITIES 24,716 38,950

CREDITORS
Amounts falling due after more than one year 9 100,096 99,825
NET LIABILITIES (75,380 ) (60,875 )

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings (75,382 ) (60,877 )
SHAREHOLDERS' FUNDS (75,380 ) (60,875 )

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.

CHESSINGTON EQUESTRIAN CENTRE LIMITED (REGISTERED NUMBER: 10521113)

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 25 November 2024 and were signed on its behalf by:





S Rawlinson - Director


CHESSINGTON EQUESTRIAN CENTRE LIMITED (REGISTERED NUMBER: 10521113)

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

1. STATUTORY INFORMATION

Chessington Equestrian Centre 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.

As at the balance sheet date the balance sheet reflects net current liabilities totalling £48,519 (2023: £33,688).
The Company continues to trade and meet its' liabilities as they fall due. Therefore the going concern basis of preparation has been adopted as the directors are satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities for the foreseeable future.

Turnover
Turnover represents sales of equestrian goods and services, net of vat.

Turnover is recognised at the point at which the right to consideration becomes due.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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 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.

CHESSINGTON EQUESTRIAN CENTRE LIMITED (REGISTERED NUMBER: 10521113)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 64,750
AMORTISATION
At 1 April 2023
and 31 March 2024 64,750
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
Horses machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 38,917 30,150 2,545 3,357 74,969
Additions 15,300 1,500 - - 16,800
Disposals (5,300 ) - - - (5,300 )
At 31 March 2024 48,917 31,650 2,545 3,357 86,469
DEPRECIATION
At 1 April 2023 - 24,698 1,471 2,787 28,956
Charge for year - 1,519 269 415 2,203
At 31 March 2024 - 26,217 1,740 3,202 31,159
NET BOOK VALUE
At 31 March 2024 48,917 5,433 805 155 55,310
At 31 March 2023 38,917 5,452 1,074 570 46,013

CHESSINGTON EQUESTRIAN CENTRE LIMITED (REGISTERED NUMBER: 10521113)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 26,625
Additions 300
Impairments (9,000 )
At 31 March 2024 17,925
NET BOOK VALUE
At 31 March 2024 17,925
At 31 March 2023 26,625

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 4,576 5,049
Tax - 1,613
4,576 6,662

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 42,336 34,841
Social security and other taxes 3,252 1,112
VAT 4,875 4,491
Directors' current accounts 614 614
Accrued expenses 4,804 1,599
55,881 42,657

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Directors' loan accounts 100,096 99,825

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary 1 2 2

11. RELATED PARTY DISCLOSURES

As at the balance sheet date the directors were owed £100,709 (2023 - £100,439).

There are no terms attached to these loans.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CHESSINGTON EQUESTRIAN CENTRE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chessington Equestrian Centre Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Chessington Equestrian Centre Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chessington Equestrian Centre Limited and state those matters that we have agreed to state to the Board of Directors of Chessington Equestrian Centre Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chessington Equestrian Centre Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chessington Equestrian Centre Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Chessington Equestrian Centre Limited. You consider that Chessington Equestrian Centre Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chessington Equestrian Centre Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ


25 November 2024