2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 14053426 2023-05-01 2024-04-30 14053426 2024-04-30 14053426 2023-04-30 14053426 2022-04-19 2023-04-30 14053426 2023-04-30 14053426 2022-04-18 14053426 bus:Director1 2023-05-01 2024-04-30 14053426 core:WithinOneYear 2024-04-30 14053426 core:WithinOneYear 2023-04-30 14053426 core:RetainedEarningsAccumulatedLosses 2024-04-30 14053426 core:RetainedEarningsAccumulatedLosses 2023-04-30 14053426 bus:SmallEntities 2023-05-01 2024-04-30 14053426 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 14053426 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 14053426 bus:CompanyLimitedByGuarantee 2023-05-01 2024-04-30 14053426 bus:FullAccounts 2023-05-01 2024-04-30 14053426 bus:Director1 1 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 14053426
Bursted Hill Stables Limited
Company Limited by Guarantee
Filleted Unaudited Financial Statements
30 April 2024
Bursted Hill Stables Limited
Company Limited by Guarantee
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
Current assets
Stocks
2,500
34,200
Cash at bank and in hand
10,474
12,112
--------
--------
12,974
46,312
Creditors: amounts falling due within one year
6
24,213
40,419
--------
--------
Net current (liabilities)/assets
( 11,239)
5,893
--------
-------
Total assets less current liabilities
( 11,239)
5,893
--------
-------
Net (liabilities)/assets
( 11,239)
5,893
--------
-------
Capital and reserves
Profit and loss account
( 11,239)
5,893
--------
-------
Members (deficit)/funds
( 11,239)
5,893
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 January 2025 , and are signed on behalf of the board by:
F A Stockdale
Director
Company registration number: 14053426
Bursted Hill Stables Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Ground Floor, Southon House, Station Approach, Edenbridge, Kent, TN8 5LP, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Company limited by guarantee
The company is limited by guarantee, not having share capital. In the event of the winding-up of the company each member of the Association undertakes to contribute such amount as may be required, not exceeding £1, either whilst a member or within one year of their membership ceasing.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
6. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
6,321
1,617
Corporation tax
2,454
Other creditors
17,892
36,348
--------
--------
24,213
40,419
--------
--------
7. Directors' advances, credits and guarantees
At the year end the company owed the directors £16,292 (2023: £34,785).