Hotshot Henley Limited 14866253 false 2023-05-12 2024-05-31 2024-05-31 The principal activity of the company is raising of horses and other equines. Digita Accounts Production Advanced 6.30.9574.0 true true 14866253 2023-05-12 2024-05-31 14866253 2024-05-31 14866253 core:CurrentFinancialInstruments 2024-05-31 14866253 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 14866253 core:MotorVehicles 2024-05-31 14866253 bus:SmallEntities 2023-05-12 2024-05-31 14866253 bus:AuditExemptWithAccountantsReport 2023-05-12 2024-05-31 14866253 bus:FilletedAccounts 2023-05-12 2024-05-31 14866253 bus:SmallCompaniesRegimeForAccounts 2023-05-12 2024-05-31 14866253 bus:RegisteredOffice 2023-05-12 2024-05-31 14866253 bus:Director1 2023-05-12 2024-05-31 14866253 bus:PrivateLimitedCompanyLtd 2023-05-12 2024-05-31 14866253 core:MotorVehicles 2023-05-12 2024-05-31 14866253 core:VehiclesPlantMachinery 2023-05-12 2024-05-31 14866253 countries:EnglandWales 2023-05-12 2024-05-31 iso4217:GBP xbrli:pure

Registration number: 14866253

Hotshot Henley Limited

Unaudited Filleted Financial Statements

for the Period from 12 May 2023 to 31 May 2024

 

Hotshot Henley Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Hotshot Henley Limited

(Registration number: 14866253)
Balance Sheet as at 31 May 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

106,446

Current assets

 

Stocks

5

67,000

Debtors

6

7,459

Cash at bank and in hand

 

13,962

 

88,421

Creditors: Amounts falling due within one year

7

(270,371)

Net current liabilities

 

(181,950)

Net liabilities

 

(75,504)

Capital and reserves

 

Called up share capital

10

Retained earnings

(75,514)

Shareholders' deficit

 

(75,504)

For the financial period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 February 2025
 

.........................................
Mrs Rebecca Jane Stephens
Director

 

Hotshot Henley Limited

Notes to the Unaudited Financial Statements for the Period from 12 May 2023 to 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on the going concern basis, based on the Director's confirmation that she will continue to support the company for a period not less than twelve months following the signing of these financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

20 % reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Hotshot Henley Limited

Notes to the Unaudited Financial Statements for the Period from 12 May 2023 to 31 May 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 4.

 

Hotshot Henley Limited

Notes to the Unaudited Financial Statements for the Period from 12 May 2023 to 31 May 2024

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

Additions

132,625

132,625

At 31 May 2024

132,625

132,625

Depreciation

Charge for the period

26,179

26,179

At 31 May 2024

26,179

26,179

Carrying amount

At 31 May 2024

106,446

106,446

5

Stocks

2024
£

Bloodstock

67,000

6

Debtors

Current

2024
£

Prepayments

5,865

Other debtors

1,594

 

7,459

7

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

2,501

Other creditors

267,870

270,371

 

Hotshot Henley Limited

Notes to the Unaudited Financial Statements for the Period from 12 May 2023 to 31 May 2024

8

Related party transactions

Other transactions with the director

During the year the director, R Stephens, had loan accounts with the company. As at the balance sheet date the amount owed to the director was £266,220.