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REGISTERED NUMBER: 09594229 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Westcroft Park Polo Club Ltd

Westcroft Park Polo Club Ltd (Registered number: 09594229)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Westcroft Park Polo Club Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: R W Blake Thomas





REGISTERED OFFICE: Windlesham Road
Chobham
Surrey
GU24 8SN





REGISTERED NUMBER: 09594229 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

Westcroft Park Polo Club Ltd (Registered number: 09594229)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,397 7,447
Tangible assets 5 41,468 40,541
47,865 47,988

CURRENT ASSETS
Debtors 6 318,102 297,580
Cash at bank 11,385 89,665
329,487 387,245
CREDITORS
Amounts falling due within one year 7 221,743 286,560
NET CURRENT ASSETS 107,744 100,685
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,609

148,673

CREDITORS
Amounts falling due after more than one
year

8

(26,821

)

(44,534

)

PROVISIONS FOR LIABILITIES 9 (7,879 ) (7,704 )
NET ASSETS 120,909 96,435

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 120,908 96,434
SHAREHOLDERS' FUNDS 120,909 96,435

Westcroft Park Polo Club Ltd (Registered number: 09594229)

Balance Sheet - continued
30 April 2024


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

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

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 by the director and authorised for issue on 31 January 2025 and were signed by:





R W Blake Thomas - Director


Westcroft Park Polo Club Ltd (Registered number: 09594229)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Westcroft Park Polo Club 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Westcroft Park Polo Club Ltd (Registered number: 09594229)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 May 2023
and 30 April 2024 10,500
AMORTISATION
At 1 May 2023 3,053
Amortisation for year 1,050
At 30 April 2024 4,103
NET BOOK VALUE
At 30 April 2024 6,397
At 30 April 2023 7,447

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 151,353 2,320 4,828 158,501
Additions 14,799 5,991 400 21,190
At 30 April 2024 166,152 8,311 5,228 179,691
DEPRECIATION
At 1 May 2023 111,502 2,320 4,138 117,960
Charge for year 19,181 599 483 20,263
At 30 April 2024 130,683 2,919 4,621 138,223
NET BOOK VALUE
At 30 April 2024 35,469 5,392 607 41,468
At 30 April 2023 39,851 - 690 40,541

Included within Plant and Machinery are assets held under hire purchase contracts. At the balance sheet date their net book value was £13,250 (2023 - £18,460). Depreciation on these assets totalled £5,210 (2023 - £5,210).

Westcroft Park Polo Club Ltd (Registered number: 09594229)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 125,956 140,712
Other debtors - 3,000
Bolebrook Polo LLP 171,905 141,181
VAT 8,610 1,162
Prepayments 11,631 11,525
318,102 297,580

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
BBLS (Bounce Back Loan Scheme) 10,000 6,400
Hire purchase contracts 8,022 8,683
Trade creditors 41,867 86,908
Corporation tax 18,616 12,228
Social security and other taxes 17,882 29,413
Other creditors 12,324 17,076
Pro-Pony Hire Ltd 14,866 19,241
Directors' current accounts 11,697 17,605
Accrued expenses 86,469 89,006
221,743 286,560

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
BBLS (Bounce Back Loan Scheme) 22,497 31,858
Hire purchase contracts 4,324 12,676
26,821 44,534

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 7,879 7,704

Deferred
tax
£   
Balance at 1 May 2023 7,704
Accelerated capital allowances 175
Balance at 30 April 2024 7,879

Westcroft Park Polo Club Ltd (Registered number: 09594229)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

11. RELATED PARTY DISCLOSURES

Mr R W Blake Thomas
Director

During the period under review there was trading between the company and a sole trade business of the director which was conducted on an arm's length basis.

Pro-Pony Hire Ltd
Mr R W Blake Thomas is a director and shareholder

During the period under review there was trading between the company and Pro-Pony Hire Ltd which was conducted on an arm's length basis.

Bolebrook Polo LLP
Mr R W Blake Thomas is a designated member

During the period under review there was trading between the company and Bolebrook Polo LLP which was conducted on an arm's length basis.

2024 2023
Amount due to/(from) related party at the balance sheet date: £ £
Mr R W Blake Thomas 11,697 17,605
Pro-Pony Hire Ltd 14,866 19,241
Bolebrook Polo LLP (171,905 ) (141,181 )

12. ULTIMATE CONTROLLING PARTY

During the period under review the company was under the control of Mr R W Blake Thomas, the sole director and shareholder.