Caseware UK (AP4) 2024.0.164 2024.0.164 false2023-04-01falseRaising of horses and other equines22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. NI642571 2023-04-01 2024-03-31 NI642571 2022-04-01 2023-03-31 NI642571 2024-03-31 NI642571 2023-03-31 NI642571 c:Director1 2023-04-01 2024-03-31 NI642571 d:Buildings 2023-04-01 2024-03-31 NI642571 d:Buildings 2024-03-31 NI642571 d:Buildings 2023-03-31 NI642571 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 NI642571 d:MotorVehicles 2023-04-01 2024-03-31 NI642571 d:MotorVehicles 2024-03-31 NI642571 d:MotorVehicles 2023-03-31 NI642571 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 NI642571 d:OfficeEquipment 2023-04-01 2024-03-31 NI642571 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 NI642571 d:CurrentFinancialInstruments 2024-03-31 NI642571 d:CurrentFinancialInstruments 2023-03-31 NI642571 d:Non-currentFinancialInstruments 2024-03-31 NI642571 d:Non-currentFinancialInstruments 2023-03-31 NI642571 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 NI642571 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 NI642571 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 NI642571 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 NI642571 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 NI642571 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 NI642571 d:ShareCapital 2024-03-31 NI642571 d:ShareCapital 2023-03-31 NI642571 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 NI642571 d:RetainedEarningsAccumulatedLosses 2024-03-31 NI642571 d:RetainedEarningsAccumulatedLosses 2023-03-31 NI642571 c:OrdinaryShareClass1 2023-04-01 2024-03-31 NI642571 c:OrdinaryShareClass1 2024-03-31 NI642571 c:OrdinaryShareClass1 2023-03-31 NI642571 c:FRS102 2023-04-01 2024-03-31 NI642571 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 NI642571 c:FullAccounts 2023-04-01 2024-03-31 NI642571 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI642571 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: NI642571










Ro'Slane Stables Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2024

 
Ro'Slane Stables Ltd
Registered number: NI642571

Balance Sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
14,758
16,464

  
14,758
16,464

Current assets
  

Stocks
  
15,480
15,480

Debtors: amounts falling due within one year
 5 
80,018
80,018

Cash at bank and in hand
  
82
3,500

  
95,580
98,998

Creditors: amounts falling due within one year
 6 
(172,730)
(150,008)

Net current liabilities
  
 
 
(77,150)
 
 
(51,010)

Total assets less current liabilities
  
(62,392)
(34,546)

Creditors: amounts falling due after more than one year
 7 
(450,000)
(473,308)

  

Net liabilities
  
(512,392)
(507,854)


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
 10 
(512,394)
(507,856)

  
(512,392)
(507,854)


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Ro'Slane Stables Ltd
Registered number: NI642571

Balance Sheet (continued)
As at 31 March 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 January 2025.




Wim Dalm
Director

The notes on pages 3 to 7 form part of these financial statements.

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Page 2

 
Ro'Slane Stables Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

1.


General information

Ro'slane Stables Ltd is a private company limited by shares incorporated in Northern Ireland. The registration number and address of the registered office are given in the company information section of these financial statements. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of the approving of the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Foreign currency translation

The financial statements are prepared in sterling, which is the functional currency of the company.
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions.  At each reporting end date, monetary assets and liabilities that are dominated in foreign currencies are retranslated at the rate prevailing on the reporting end date. Gains and losses arising on translation are included in the  profit and loss account for the period. 

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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Ro'Slane Stables Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Arena
-
20 years
Stable vehicle
-
10 years
Horse equipment
-
5 - 10 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stock is stated at the lower of cost and estimated selling price less costs to sell.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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Ro'Slane Stables Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

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Ro'Slane Stables Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

4.


Tangible fixed assets





Arena
Stable vehicle & Horse lorry
Total

£
£
£



Cost or valuation


At 1 April 2023
25,121
4,500
29,621



At 31 March 2024

25,121
4,500
29,621



Depreciation


At 1 April 2023
10,048
3,109
13,157


Charge for the year on owned assets
1,256
450
1,706



At 31 March 2024

11,304
3,559
14,863



Net book value



At 31 March 2024
13,817
941
14,758



At 31 March 2023
15,073
1,391
16,464


5.


Debtors

2024
2023
£
£


Other debtors
80,018
80,018

80,018
80,018



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
9,943

Other creditors
169,298
138,613

Accruals and deferred income
3,432
1,452

172,730
150,008


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Ro'Slane Stables Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
23,308

Other creditors
450,000
450,000

450,000
473,308



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
-
9,943


-
9,943

Amounts falling due 1-2 years

Bank loans
-
23,308


-
23,308



-
33,251



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



10.


Reserves

Profit and loss account

The profit and loss account represent cumulative profits and losses net of dividends and other adjustments.

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Ro'Slane Stables Ltd
 

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