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Registered Number: 12868648
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 March 2024

for

MANOR FARM (MARSWORTH) EQUESTRIAN LIMITED

Directors Bryony Balmforth
Robert Husband
Registered Number 12868648
Registered Office Manor Farm
Ship Lane
Marsworth
Buckinghamshire
HP23 4NA
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 March 2024.
Principal activities
Principal activity of the company during the financial year was of livery yard
Directors
The directors who served the company throughout the year were as follows:
Bryony Balmforth
Robert Husband
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Bryony Balmforth
Director

Date approved: 25 January 2025
2
 
 
Notes
 
2024
£
  2023
£
Turnover 85,077    120,633 
Cost of sales (66,842)   (115,775)
Gross profit 18,235    4,858 
Administrative expenses (31,728)   (57,885)
Operating loss (13,493)   (53,027)
Interest payable and similar charges (499)   (411)
Profit/(Loss) on ordinary activities before taxation (13,992)   (53,438)
Tax on profit on ordinary activities  
Profit/(Loss) for the financial year (13,992)   (53,438)
 
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 30,396    43,542 
30,396    43,542 
Current assets      
Stocks 4   1,950 
Debtors 5 8,549    891 
Cash at bank and in hand 108    1,479 
8,657    4,320 
Creditors: amount falling due within one year 6 (36,024)   (31,975)
Net current assets (27,367)   (27,655)
 
Total assets less current liabilities 3,029    15,887 
Creditors: amount falling due after more than one year 7 (144,535)   (143,401)
Net assets (141,506)   (127,514)
 

Capital and reserves
     
Called up share capital 8 2    2 
Profit and loss account (141,508)   (127,516)
Shareholders' funds (141,506)   (127,514)
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 25 January 2025 and were signed on its behalf by:


-------------------------------
Bryony Balmforth
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 October 2021 2  (74,078) (74,076)
Profit for the year (53,438) (53,438)
Total comprehensive income for the year (53,438) (53,438)
Total investments by and distributions to owners
At 31 March 2023 2  (127,516) (127,514)
At 01 April 2023 2  (127,516) (127,514)
Profit for the year (13,992) (13,992)
Total comprehensive income for the year (13,992) (13,992)
Total investments by and distributions to owners
At 31 March 2024 2  (141,508) (141,506)
5
General Information
Manor Farm (Marsworth) Equestrian Limited is a private company, limited by shares, registered in England and Wales, registration number 12868648, registration address Manor Farm, Ship Lane, Marsworth, Buckinghamshire, HP23 4NA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of livery services supplied by the company.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery etc 25%
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 6 (2023 : 5).
3.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 April 2023 76,405    76,405 
Additions  
Disposals  
At 31 March 2024 76,405    76,405 
Depreciation
At 01 April 2023 32,864    32,864 
Charge for year 13,145    13,145 
On disposals  
At 31 March 2024 46,009    46,009 
Net book values
Closing balance as at 31 March 2024 30,396    30,396 
Opening balance as at 01 April 2023 43,542    43,542 


4.

Stocks

2024
£
  2023
£
Stocks   1,950 
  1,950 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors (10)  
VAT   1 
(10)   1 

5.

Debtors: amounts falling due after one year

2024
£
  2023
£
Prepayments 8,559    890 
8,559    890 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 8,338    16,724 
Amounts Owed to Group Undertakings 23,425    9,947 
PAYE & Social Security 1,748    3,214 
Other Creditors 1,300    800 
Wages & Salaries Control Account 1,213    1,290 
36,024    31,975 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Directors' Loan Accounts 144,535    143,401 
144,535    143,401 

8.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
2 Ordinary shares of £1.00 each  
 

6