Gorhambury Game and Shoot Limited 10500454 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Hunting, trapping and related service activities Digita Accounts Production Advanced 6.30.9574.0 true true 10500454 2023-04-01 2024-03-31 10500454 2024-03-31 10500454 bus:OrdinaryShareClass1 2024-03-31 10500454 core:CurrentFinancialInstruments 2024-03-31 10500454 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10500454 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 10500454 core:FurnitureFittingsToolsEquipment 2024-03-31 10500454 core:MotorVehicles 2024-03-31 10500454 core:OtherPropertyPlantEquipment 2024-03-31 10500454 bus:SmallEntities 2023-04-01 2024-03-31 10500454 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10500454 bus:AbridgedAccounts 2023-04-01 2024-03-31 10500454 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10500454 bus:RegisteredOffice 2023-04-01 2024-03-31 10500454 bus:Director1 2023-04-01 2024-03-31 10500454 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 10500454 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10500454 core:FurnitureFittings 2023-04-01 2024-03-31 10500454 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 10500454 core:MotorVehicles 2023-04-01 2024-03-31 10500454 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 10500454 core:PlantMachinery 2023-04-01 2024-03-31 10500454 countries:UnitedKingdom 2023-04-01 2024-03-31 10500454 2023-03-31 10500454 core:FurnitureFittingsToolsEquipment 2023-03-31 10500454 core:MotorVehicles 2023-03-31 10500454 core:OtherPropertyPlantEquipment 2023-03-31 10500454 2022-04-01 2023-03-31 10500454 2023-03-31 10500454 bus:OrdinaryShareClass1 2023-03-31 10500454 core:CurrentFinancialInstruments 2023-03-31 10500454 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10500454 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 10500454 core:FurnitureFittingsToolsEquipment 2023-03-31 10500454 core:MotorVehicles 2023-03-31 10500454 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10500454

Gorhambury Game and Shoot Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2024

 

Gorhambury Game and Shoot Limited

(Registration number: 10500454)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

50,724

33,367

Current assets

 

Stocks

6

5,062

5,077

Debtors

7

113,544

117,237

Cash at bank and in hand

 

5,379

4,184

 

123,985

126,498

Prepayments and accrued income

 

(65,021)

(64,213)

Creditors: Amounts falling due within one year

(60,320)

(50,688)

Net current (liabilities)/assets

 

(1,356)

11,597

Total assets less current liabilities

 

49,368

44,964

Creditors: Amounts falling due after more than one year

(48,195)

(43,557)

Accruals and deferred income

 

(1,095)

(1,095)

Net assets

 

78

312

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

77

311

Shareholders' funds

 

78

312

For the financial year ending 31 March 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Gorhambury Game and Shoot Limited

(Registration number: 10500454)
Abridged Balance Sheet as at 31 March 2024

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 26 November 2024
 

.........................................
Mr Matthew Lee Colclough
Director

 

Gorhambury Game and Shoot Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Littlemead
Hollingdon
Buckinghamshire
LU7 0DN
United Kingdom

These financial statements were authorised for issue by the director on 26 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Gorhambury Game and Shoot Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

25% Reducing Balance

Motor Vehicles

25% Reducing Balance

Fixtures & Fittings

25% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Gorhambury Game and Shoot Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

Gorhambury Game and Shoot Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

13,197

9,964

 

Gorhambury Game and Shoot Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

1,024

17,306

44,021

62,351

Additions

367

16,354

13,834

30,555

At 31 March 2024

1,391

33,660

57,855

92,906

Depreciation

At 1 April 2023

757

7,602

20,625

28,984

Charge for the year

374

6,180

6,644

13,198

At 31 March 2024

1,131

13,782

27,269

42,182

Carrying amount

At 31 March 2024

260

19,878

30,586

50,724

At 31 March 2023

267

9,704

23,396

33,367

6

Stocks

2024
£

2023
£

Other inventories

5,062

5,077

7

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share class 1 of £1 each

1

1

1

1