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REGISTERED NUMBER: 08168025 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Davenport Stables Limited

Davenport Stables Limited (Registered number: 08168025)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Davenport Stables Limited (Registered number: 08168025)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 125,952 123,381

CURRENT ASSETS
Stocks 152,647 132,264
Debtors 5 700,453 689,121
Cash at bank and in hand 2,988 9,472
856,088 830,857
CREDITORS
Amounts falling due within one year 6 370,482 361,297
NET CURRENT ASSETS 485,606 469,560
TOTAL ASSETS LESS CURRENT LIABILITIES 611,558 592,941

CREDITORS
Amounts falling due after more than one year 7 (66,937 ) (54,132 )

PROVISIONS FOR LIABILITIES (16,751 ) (15,549 )
NET ASSETS 527,870 523,260

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 527,869 523,259
SHAREHOLDERS' FUNDS 527,870 523,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 December 2024 and were signed by:





Mr J S Davenport - Director


Davenport Stables Limited (Registered number: 08168025)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Davenport Stables Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08168025

Registered office: Arclid Farm, Davenport Stables
Newcastle Road, Arclid
Sandbach
Cheshire
CW11 2SN

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

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.
Freehold property - Straight line over 50 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Davenport Stables Limited (Registered number: 08168025)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 20,700 220,635 15,832 4,486 261,653
Additions - 36,909 1,973 - 38,882
Disposals - - - (2,189 ) (2,189 )
At 31 May 2024 20,700 257,544 17,805 2,297 298,346
DEPRECIATION
At 1 June 2023 1,392 127,089 5,573 4,218 138,272
Charge for year 414 32,614 3,059 224 36,311
Eliminated on disposal - - - (2,189 ) (2,189 )
At 31 May 2024 1,806 159,703 8,632 2,253 172,394
NET BOOK VALUE
At 31 May 2024 18,894 97,841 9,173 44 125,952
At 31 May 2023 19,308 93,546 10,259 268 123,381

Davenport Stables Limited (Registered number: 08168025)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 June 2023 95,445
Additions 35,413
At 31 May 2024 130,858
DEPRECIATION
At 1 June 2023 41,236
Charge for year 22,405
At 31 May 2024 63,641
NET BOOK VALUE
At 31 May 2024 67,217
At 31 May 2023 54,209

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 1,000 1,000
Other debtors 6,914 13,479
7,914 14,479

Amounts falling due after more than one year:
Amounts owed by group undertakings 692,539 674,642

Aggregate amounts 700,453 689,121

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,768 10,000
Hire purchase contracts 7,658 9,988
Trade creditors 64,937 58,950
Amounts owed to group undertakings 128,686 127,686
Taxation and social security 1,388 3,642
Other creditors 158,045 151,031
370,482 361,297

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 15,937 25,474
Hire purchase contracts 51,000 28,658
66,937 54,132

Davenport Stables Limited (Registered number: 08168025)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 58,658 38,646

The hire purchase contracts are secured against the assets to which they relate.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Davenport Stables Holdings Limited.

The ultimate controlling party is Mr J S Davenport.