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
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
Aitken Equestrian Ltd
Statement of financial position
as at 13 June 2024
Cash at bank and in hand
24
4,784
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)
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
Aitken Equestrian Ltd
Notes to the Accounts
for the period from 1 April 2024 to 13 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
5
Investments
Other investments
Valuation at 1 April 2024
100
Valuation at 13 June 2024
100
6
Inventories
13/06/2024
31/03/2024
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
8
Creditors: amounts falling due within one year
13/06/2024
31/03/2024
9
Creditors: amounts falling due after more than one year
13/06/2024
31/03/2024
Loans from directors
114,732
363,751
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).