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REGISTERED NUMBER: 11750547 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

H M BLOODSTOCK SERVICES LTD

H M BLOODSTOCK SERVICES LTD (REGISTERED NUMBER: 11750547)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H M BLOODSTOCK SERVICES LTD

COMPANY INFORMATION
for the year ended 31 January 2024







DIRECTOR: H E Macauley





REGISTERED OFFICE: School House
Whichford
Shipston-On-Stour
United Kingdom
CV36 5PE





REGISTERED NUMBER: 11750547 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

H M BLOODSTOCK SERVICES LTD (REGISTERED NUMBER: 11750547)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,145 -
Investments 5 95,000 -
97,145 -

CURRENT ASSETS
Stocks 194,132 266,000
Debtors 6 218,720 23,010
Cash at bank 47,370 123
460,222 289,133
CREDITORS
Amounts falling due within one year 7 (772,439 ) (325,940 )
NET CURRENT LIABILITIES (312,217 ) (36,807 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(215,072

)

(36,807

)

CREDITORS
Amounts falling due after more than one
year

8

(12,541

)

(29,027

)
NET LIABILITIES (227,613 ) (65,834 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (227,713 ) (65,934 )
(227,613 ) (65,834 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

H M BLOODSTOCK SERVICES LTD (REGISTERED NUMBER: 11750547)

BALANCE SHEET - continued
31 January 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2025 and were signed by:





H E Macauley - Director


H M BLOODSTOCK SERVICES LTD (REGISTERED NUMBER: 11750547)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2024


1. STATUTORY INFORMATION

H M Bloodstock Services Ltd is a limited company, registered in England and Wales. Its registered office address is School House, Whichford, Shipston-On-Stour, CV36 5PE and the registered number is 11750547.

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.

The presentation currency of the financial statements is Pound Sterling (£) and figures are rounded to the nearest £1.

Going concern
At the year end the company had net current liabilities of £312,217 (2023: £36,807) and net liabilities of £227,613 (2023: £65,834). The director has considered this and prepared the financial statements on a going concern basis.The director has confirmed that he will continue to support the company financially for the foreseeable future.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of Services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following condition are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment - 25% Straight Line Basis

Investments in associates
Investment in the subsidiary company is held at cost less accumulated impairment losses.

Valuation of horses
The carrying value for the horses is the lower of cost and valuation at the period end.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


H M BLOODSTOCK SERVICES LTD (REGISTERED NUMBER: 11750547)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 2,288
At 31 January 2024 2,288
DEPRECIATION
Charge for year 143
At 31 January 2024 143
NET BOOK VALUE
At 31 January 2024 2,145

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
Additions 95,000
At 31 January 2024 95,000
NET BOOK VALUE
At 31 January 2024 95,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 218,720 15,510
Other debtors - 7,500
218,720 23,010

H M BLOODSTOCK SERVICES LTD (REGISTERED NUMBER: 11750547)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,108 -
Trade creditors 376,268 840
Taxation and social security 14,280 (8,366 )
Other creditors 372,783 333,466
772,439 325,940

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,541 29,027