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Company Registration No. SC619795 (Scotland)
Aitken Equestrian Ltd Unaudited accounts for the period from 1 April 2024 to 13 June 2024
Aitken Equestrian Ltd Unaudited accounts Contents
Page
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Aitken Equestrian Ltd Company Information for the period from 1 April 2024 to 13 June 2024
Director
Mrs Nanette Margaret Aitken
Company Number
SC619795 (Scotland)
Registered Office
Bellsea Stud Roodland Ayr KA6 6EP Scotland
Accountants
Ideo Business Services Ltd Unit 4 Standhill Industrial Est Whitburn Road Bathgate EH48 2HR
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Aitken Equestrian Ltd Statement of financial position as at 13 June 2024
13/06/2024 
31/03/2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
68,373 
Investments
100 
100 
100 
68,473 
Current assets
Inventories
- 
149,000 
Debtors
- 
65,000 
Cash at bank and in hand
24 
4,784 
24 
218,784 
Creditors: amounts falling due within one year
(839)
(660)
Net current (liabilities)/assets
(815)
218,124 
Total assets less current liabilities
(715)
286,597 
Creditors: amounts falling due after more than one year
(114,732)
(363,751)
Net liabilities
(115,447)
(77,154)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(115,547)
(77,254)
Shareholders' funds
(115,447)
(77,154)
For the period ending 13 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 December 2024 and were signed on its behalf by
Mrs Nanette Margaret Aitken Director Company Registration No. SC619795
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Aitken Equestrian Ltd Notes to the Accounts for the period from 1 April 2024 to 13 June 2024
1
Statutory information
Aitken Equestrian Ltd is a private company, limited by shares, registered in Scotland, registration number SC619795. The registered office is Bellsea Stud, Roodland, Ayr, KA6 6EP, Scotland. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Financial instruments
The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
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Aitken Equestrian Ltd Notes to the Accounts for the period from 1 April 2024 to 13 June 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At valuation 
At 1 April 2024
176,499 
Revaluations
35,000 
Disposals
(211,499)
At 13 June 2024
- 
Depreciation
At 1 April 2024
108,126 
On disposals
(108,126)
At 13 June 2024
- 
Net book value
At 13 June 2024
- 
At 31 March 2024
68,373 
5
Investments
Other investments 
£ 
Valuation at 1 April 2024
100 
Valuation at 13 June 2024
100 
6
Inventories
13/06/2024 
31/03/2024 
£ 
£ 
Finished goods
- 
149,000 
- 
149,000 
Bloodstock assets Bloodstock is valued under the fair value model.
7
Debtors
13/06/2024 
31/03/2024 
£ 
£ 
Amounts falling due after more than one year
Other debtors
- 
65,000 
8
Creditors: amounts falling due within one year
13/06/2024 
31/03/2024 
£ 
£ 
Accruals
839 
660 
9
Creditors: amounts falling due after more than one year
13/06/2024 
31/03/2024 
£ 
£ 
Loans from directors
114,732 
363,751 
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Aitken Equestrian Ltd Notes to the Accounts for the period from 1 April 2024 to 13 June 2024
10
Transactions with related parties
Included within creditors "Amounts falling due after more than one year" is an amount of £114,732 (£367,105 on 31 March 2024) due to N Aitken.
11
Average number of employees
During the period the average number of employees was 2 (31/03/2024: 2).
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