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REGISTERED NUMBER: 04167970 (England and Wales)















VETERAN HORSE SOCIETY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024






VETERAN HORSE SOCIETY LIMITED (REGISTERED NUMBER: 04167970)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


VETERAN HORSE SOCIETY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Ms J Aston





SECRETARY: Ms J Aston





REGISTERED OFFICE: 45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP





REGISTERED NUMBER: 04167970 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP

VETERAN HORSE SOCIETY LIMITED (REGISTERED NUMBER: 04167970)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 426 501

CURRENT ASSETS
Debtors 5 200 -
Cash at bank and in hand 38,088 31,612
38,288 31,612
CREDITORS
Amounts falling due within one year 6 38,938 33,918
NET CURRENT LIABILITIES (650 ) (2,306 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(224

)

(1,805

)

PROVISIONS FOR LIABILITIES 81 95
NET LIABILITIES (305 ) (1,900 )

RESERVES
Income and expenditure account (305 ) (1,900 )
(305 ) (1,900 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 surplus or deficit 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.

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.

VETERAN HORSE SOCIETY LIMITED (REGISTERED NUMBER: 04167970)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 2024



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





Ms J Aston - Director


VETERAN HORSE SOCIETY LIMITED (REGISTERED NUMBER: 04167970)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Veteran Horse Society Limited is a private company, limited by guarantee , 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.

Turnover
Turnover represents net invoiced sales of goods, subscriptions, fundraising income and donations received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 ) .

VETERAN HORSE SOCIETY LIMITED (REGISTERED NUMBER: 04167970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2023
and 29 February 2024 2,160
DEPRECIATION
At 1 March 2023 1,659
Charge for year 75
At 29 February 2024 1,734
NET BOOK VALUE
At 29 February 2024 426
At 28 February 2023 501

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 200 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,118 5,118
Taxation and social security 1,059 4,126
Other creditors 32,761 24,674
38,938 33,918

7. RELATED PARTY DISCLOSURES

During the year the director made funds available to the company to assist with the provision of working capital . The loan was interest free, unsecured and repayable on demand. The amount outstanding at the balance sheet date was £16,817 (2023 £16,505) payable to Ms J Aston.

The company owed £4,020 (2023 £4,020) to the Veteran Equine Trust Limited (co no: 04741609) for expenditure incurred on behalf of the Veteran Horse Society. Ms J. Aston is a director of the Veteran Horse Society.

The company owed £7,646 to the Veteran Horse National Championship Show Ltd (co no: 149719920). Ms J. Aston is a director of the Veteran Horse National Championship Show Ltd.

8. GOING CONCERN

The ability of the company to continue as a going concern is reliant upon the continued provision of financial support by a director. The director has a loan account totalling £16,817 with the company and they have confirmed that they do not intend to withdrawn this within the next 12 months of signing these accounts.
Accordingly, based on the above, the director believes that it is appropriate to continue to adopt the going concern basis in preparing the company's financial statements.