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REGISTERED NUMBER: 06724195 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Edleston Equestrian Academy Limited

Edleston Equestrian Academy Limited (Registered number: 06724195)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Edleston Equestrian Academy Limited

Company Information
for the year ended 30 June 2024







DIRECTORS: Mrs S Buckley
R Scales
Mrs C Scales
Miss R Scales





SECRETARY: Mrs C Scales





REGISTERED OFFICE: 2 Masonic Gardens
Wybunbury Road
Willaston
Cheshire
CW5 7TR





REGISTERED NUMBER: 06724195 (England and Wales)

Edleston Equestrian Academy Limited (Registered number: 06724195)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 2,296 1,667
Investments 6 200 200
Investment property 7 168,007 168,007
170,503 169,874

CURRENT ASSETS
Debtors: amounts falling due within one year 8 107,079 2,689
Cash at bank 348,308 577,069
455,387 579,758
CREDITORS
Amounts falling due within one year 9 (51,924 ) (140,895 )
NET CURRENT ASSETS 403,463 438,863
TOTAL ASSETS LESS CURRENT
LIABILITIES

573,966

608,737

PROVISIONS FOR LIABILITIES 10 (317 ) (417 )
NET ASSETS 573,649 608,320

CAPITAL AND RESERVES
Called up share capital 25 25
Capital redemption reserve 5 5
Retained earnings 573,619 608,290
573,649 608,320

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Edleston Equestrian Academy Limited (Registered number: 06724195)

Statement of Financial Position - continued
30 June 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





R Scales - Director


Edleston Equestrian Academy Limited (Registered number: 06724195)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Edleston Equestrian Academy Ltd ('The Company') is primarily a family investment company.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business and that of the registered office is 2 Masonic Gardens, Wybunbury Road, Willaston, CW5 7TR. The registered number is 06724195.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Revenue represents property rentals received in the year from the investment property. Rentals are recognised on a straight line basis over the period of the lease or to the date of the next rent review.

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 - 25% on reducing balance
Computer equipment - 33.33% on cost

Investment property
Investment property is shown at fair value, the fair value is reviewed annually by the directors. Any aggregate surplus or deficit arising from changes in the fair value in the year is recognised in the profit or loss within the Statement of Comprehensive Income. The cumulative fair value surplus on the investment property is highlighted in the notes to the financial statements as non-distributable reserves.

Income from investment property is included within turnover.


Edleston Equestrian Academy Limited (Registered number: 06724195)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

3. ACCOUNTING POLICIES - continued
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 end of the financial year.

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

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.

Fixed asset investments
Unlisted investments are shown at cost less any impairment loss.

Investment income is included in other income.

Impairment of assets
Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Edleston Equestrian Academy Limited (Registered number: 06724195)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 2,429 3,550 5,979
Additions - 2,033 2,033
At 30 June 2024 2,429 5,583 8,012
DEPRECIATION
At 1 July 2023 1,997 2,315 4,312
Charge for year 108 1,296 1,404
At 30 June 2024 2,105 3,611 5,716
NET BOOK VALUE
At 30 June 2024 324 1,972 2,296
At 30 June 2023 432 1,235 1,667

6. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 July 2023
and 30 June 2024 200
NET BOOK VALUE
At 30 June 2024 200
At 30 June 2023 200

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 168,007
NET BOOK VALUE
At 30 June 2024 168,007
At 30 June 2023 168,007

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 168,007

Edleston Equestrian Academy Limited (Registered number: 06724195)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 107,079 2,689

Amounts due from related parties are unsecured, interest free and repayable on demand.

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 15,594
Other creditors 51,924 125,301
51,924 140,895

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 317 417

Deferred
tax
£   
Balance at 1 July 2023 417
Credit to Income Statement during year (100 )
Balance at 30 June 2024 317

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period interest payable of £2,558 (2023: £6,543) has been incurred by the company in respect of the directors' loan. At 30 June 2024 an amount of £2,558 (2023: £6,543) remains unpaid and is included with accruals.

During the year interest receivable of £62 has been charged in respect of a directors loan. The loan has been fully repaid in the year.

12. RELATED PARTY DISCLOSURES

Transactions with related parties during the period and balances outstanding at the end of the reporting period were as follows:

Related parties:

2024 2023
£ £
Rents received from entities 12,000 12,000
Dividends received from entities 44,500 49,000
Amounts due from entities 14,659 1,500