Silverfin false false 29/02/2024 01/03/2023 29/02/2024 Miss L J Richards 02/06/2011 28 November 2024 The principal activity of the Company during the financial year this running a shire horse centre. 07655899 2024-02-29 07655899 bus:Director1 2024-02-29 07655899 2023-02-28 07655899 core:CurrentFinancialInstruments 2024-02-29 07655899 core:CurrentFinancialInstruments 2023-02-28 07655899 core:ShareCapital 2024-02-29 07655899 core:ShareCapital 2023-02-28 07655899 core:RetainedEarningsAccumulatedLosses 2024-02-29 07655899 core:RetainedEarningsAccumulatedLosses 2023-02-28 07655899 core:LandBuildings 2023-02-28 07655899 core:OtherPropertyPlantEquipment 2023-02-28 07655899 core:LandBuildings 2024-02-29 07655899 core:OtherPropertyPlantEquipment 2024-02-29 07655899 bus:OrdinaryShareClass1 2024-02-29 07655899 2023-03-01 2024-02-29 07655899 bus:FilletedAccounts 2023-03-01 2024-02-29 07655899 bus:SmallEntities 2023-03-01 2024-02-29 07655899 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 07655899 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07655899 bus:Director1 2023-03-01 2024-02-29 07655899 core:OtherPropertyPlantEquipment 2023-03-01 2024-02-29 07655899 2022-03-01 2023-02-28 07655899 core:LandBuildings 2023-03-01 2024-02-29 07655899 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 07655899 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07655899 (England and Wales)

GASH-HAND GANG LIMITED

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

GASH-HAND GANG LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

GASH-HAND GANG LIMITED

BALANCE SHEET

As at 29 February 2024
GASH-HAND GANG LIMITED

BALANCE SHEET (continued)

As at 29 February 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 2,007,783 2,018,462
6,100 0
2,013,883 2,018,462
Current assets
Stocks 5,150 0
Debtors 4 3,108 2,837
Cash at bank and in hand 3,112 160
11,370 2,997
Creditors: amounts falling due within one year 5 ( 2,673,795) ( 2,470,801)
Net current liabilities (2,662,425) (2,467,804)
Total assets less current liabilities (648,542) (449,342)
Net liabilities ( 648,542) ( 449,342)
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account ( 648,543 ) ( 449,343 )
Total shareholder's deficit ( 648,542) ( 449,342)

For the financial year ending 29 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Gash-Hand Gang Limited (registered number: 07655899) were approved and authorised for issue by the Director on 28 November 2024. They were signed on its behalf by:

Miss L J Richards
Director
GASH-HAND GANG LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
GASH-HAND GANG LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Gash-Hand Gang Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Tregeseal, 6 Lower Port View, Saltash, PL12 4BY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements subject to continuing support from the director and associated companies

Change in accounting estimate

During the year, the depreciation method for the plant and machinery asset category was changed from 0% to 10% RB, as this represents the the present value of this asset category.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery etc. 0 - 10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method on stocks held for resale. Provision is made for obsolete, slow-moving or defective items where appropriate.
Livestock are stated at the lower of cost or net realizable value. For animals purchased, cost is the original purchase cost plus other direct expenses.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 March 2023 1,853,789 164,673 2,018,462
Additions 5,788 0 5,788
At 29 February 2024 1,859,577 164,673 2,024,250
Accumulated depreciation
At 01 March 2023 0 0 0
Charge for the financial year 0 16,467 16,467
At 29 February 2024 0 16,467 16,467
Net book value
At 29 February 2024 1,859,577 148,206 2,007,783
At 28 February 2023 1,853,789 164,673 2,018,462

4. Debtors

2024 2023
£ £
Other debtors 3,108 2,837

5. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 2,673,795 2,470,801

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1