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REGISTERED NUMBER: 03270324 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BADMINTON HORSE TRIALS LTD

BADMINTON HORSE TRIALS LTD (REGISTERED NUMBER: 03270324)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BADMINTON HORSE TRIALS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: The Duke of Beaufort
Mrs J F Tuckwell





SECRETARY: A E Tucker





REGISTERED OFFICE: The Estate Office
Badminton
Gloucestershire
GL9 1DD





REGISTERED NUMBER: 03270324 (England and Wales)





ACCOUNTANTS: Gordon Wood Scott & Partners Limited
Chartered Accountants
Dean House
94 Whiteladies Road
Clifton
Bristol
BS8 2QX

BADMINTON HORSE TRIALS LTD (REGISTERED NUMBER: 03270324)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 114,705 61,953

CURRENT ASSETS
Debtors 5 204,673 117,587
Cash at bank and in hand 2,700,989 2,339,786
2,905,662 2,457,373
CREDITORS
Amounts falling due within one year 6 (612,453 ) (464,652 )
NET CURRENT ASSETS 2,293,209 1,992,721
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,407,914

2,054,674

PROVISIONS FOR LIABILITIES (26,895 ) (13,166 )
NET ASSETS 2,381,019 2,041,508

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 2,380,019 2,040,508
SHAREHOLDERS' FUNDS 2,381,019 2,041,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BADMINTON HORSE TRIALS LTD (REGISTERED NUMBER: 03270324)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 8 January 2025 and were signed on its behalf by:




The Duke of Beaufort - Director



Mrs J F Tuckwell - Director


BADMINTON HORSE TRIALS LTD (REGISTERED NUMBER: 03270324)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Badminton Horse Trials Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 represents the fair value of ticket sales, services rendered, and commission/sponsorship income receivable excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

BADMINTON HORSE TRIALS LTD (REGISTERED NUMBER: 03270324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 49,378 278,556 45,846 59,018 432,798
Additions - 2,931 70,165 2,408 75,504
Disposals - (287 ) - (208 ) (495 )
At 30 September 2024 49,378 281,200 116,011 61,218 507,807
DEPRECIATION
At 1 October 2023 42,332 243,330 32,287 52,896 370,845
Charge for year 1,761 9,527 5,944 5,330 22,562
Eliminated on disposal - (236 ) - (69 ) (305 )
At 30 September 2024 44,093 252,621 38,231 58,157 393,102
NET BOOK VALUE
At 30 September 2024 5,285 28,579 77,780 3,061 114,705
At 30 September 2023 7,046 35,226 13,559 6,122 61,953

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 12,119 5,652
Other debtors 192,554 111,935
204,673 117,587

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 477,211 201,744
Taxation and social security 125,053 257,268
Other creditors 10,189 5,640
612,453 464,652

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. OTHER FINANCIAL COMMITMENTS

The company had financial commitments at the balance sheet date of £22,438 (2023 - £33,345).

BADMINTON HORSE TRIALS LTD (REGISTERED NUMBER: 03270324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. RELATED PARTY DISCLOSURES

The company entered into transactions during the year with The Badminton Estate and with companies held under common control, but the directors believe that these transactions are concluded under normal market conditions, and accordingly, particulars are not required to be disclosed in accordance with FRS102 Section 1a.