IRIS Accounts Production v24.3.0.553 06401574 Board of Directors 1.7.23 30.6.24 30.6.24 0 0 true false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064015742023-06-30064015742024-06-30064015742023-07-012024-06-30064015742022-06-30064015742022-07-012023-06-30064015742023-06-3006401574ns15:EnglandWales2023-07-012024-06-3006401574ns14:PoundSterling2023-07-012024-06-3006401574ns10:Director12023-07-012024-06-3006401574ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3006401574ns10:SmallEntities2023-07-012024-06-3006401574ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3006401574ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3006401574ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3006401574ns10:FullAccounts2023-07-012024-06-3006401574ns10:Director22023-07-012024-06-3006401574ns10:Director32023-07-012024-06-3006401574ns10:RegisteredOffice2023-07-012024-06-3006401574ns5:CurrentFinancialInstruments2024-06-3006401574ns5:CurrentFinancialInstruments2023-06-3006401574ns5:Non-currentFinancialInstruments2024-06-3006401574ns5:Non-currentFinancialInstruments2023-06-3006401574ns5:ShareCapital2024-06-3006401574ns5:ShareCapital2023-06-3006401574ns5:RetainedEarningsAccumulatedLosses2024-06-3006401574ns5:RetainedEarningsAccumulatedLosses2023-06-3006401574ns5:LandBuildings2023-06-3006401574ns5:LongLeaseholdAssetsns5:LandBuildings2023-06-3006401574ns5:LeaseholdImprovements2023-06-3006401574ns5:PlantMachinery2023-06-3006401574ns5:LandBuildings2023-07-012024-06-3006401574ns5:LongLeaseholdAssetsns5:LandBuildings2023-07-012024-06-3006401574ns5:LeaseholdImprovements2023-07-012024-06-3006401574ns5:PlantMachinery2023-07-012024-06-3006401574ns5:LandBuildings2024-06-3006401574ns5:LongLeaseholdAssetsns5:LandBuildings2024-06-3006401574ns5:LeaseholdImprovements2024-06-3006401574ns5:PlantMachinery2024-06-3006401574ns5:LandBuildings2023-06-3006401574ns5:LongLeaseholdAssetsns5:LandBuildings2023-06-3006401574ns5:LeaseholdImprovements2023-06-3006401574ns5:PlantMachinery2023-06-3006401574ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3006401574ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 06401574 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

THOMPSON HOUSE EQUESTRIAN CENTRE LIMITED

THOMPSON HOUSE EQUESTRIAN CENTRE LIMITED (REGISTERED NUMBER: 06401574)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THOMPSON HOUSE EQUESTRIAN CENTRE LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: Rachael Eva Ainscough
David Philip Richard Watson
Jamie Frederick Acton





REGISTERED OFFICE: Oakland House
21 Hope Carr Road
Leigh
WN7 3ET





REGISTERED NUMBER: 06401574 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

THOMPSON HOUSE EQUESTRIAN CENTRE LIMITED (REGISTERED NUMBER: 06401574)

STATEMENT OF FINANCIAL POSITION
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,741,696 3,850,967
Investment property 5 812,881 812,881
4,554,577 4,663,848

CURRENT ASSETS
Debtors 6 16,502 25,046
Cash at bank 53,756 25,848
70,258 50,894
CREDITORS
Amounts falling due within one year 7 124,544 161,372
NET CURRENT LIABILITIES (54,286 ) (110,478 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,500,291

4,553,370

CREDITORS
Amounts falling due after more than one
year

8

2,450,103

2,331,963
NET ASSETS 2,050,188 2,221,407

CAPITAL AND RESERVES
Called up share capital 9 3,631,608 3,631,608
Retained earnings (1,581,420 ) (1,410,201 )
SHAREHOLDERS' FUNDS 2,050,188 2,221,407

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

THOMPSON HOUSE EQUESTRIAN CENTRE LIMITED (REGISTERED NUMBER: 06401574)

STATEMENT OF FINANCIAL POSITION - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by:





David Philip Richard Watson - Director


THOMPSON HOUSE EQUESTRIAN CENTRE LIMITED (REGISTERED NUMBER: 06401574)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Thompson House Equestrian Centre Limited 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.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation and impairment

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

Freehold property-10% on cost and 2% on cost
Land -not provided
Fixture and fittings-25% on reducing balance
Tools and equipment-10% on cost

Impairment of assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss.

Where an impairment loss subsequently reverses, the carrying amount of each asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Short term creditors are measured at transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 statement of financial position date.

THOMPSON HOUSE EQUESTRIAN CENTRE LIMITED (REGISTERED NUMBER: 06401574)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Tools and
property Land fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2023
and 30 June 2024 4,072,946 610,895 14,095 17,913 4,715,849
DEPRECIATION
At 1 July 2023 859,861 - 3,230 1,791 864,882
Charge for year 103,955 - 3,524 1,792 109,271
At 30 June 2024 963,816 - 6,754 3,583 974,153
NET BOOK VALUE
At 30 June 2024 3,109,130 610,895 7,341 14,330 3,741,696
At 30 June 2023 3,213,085 610,895 10,865 16,122 3,850,967

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 812,881
NET BOOK VALUE
At 30 June 2024 812,881
At 30 June 2023 812,881

The directors consider the fair value of the investment property is not materially different than the NBV at 30 June 2024.

THOMPSON HOUSE EQUESTRIAN CENTRE LIMITED (REGISTERED NUMBER: 06401574)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,032 17,272
Prepayments and accrued income 1,470 7,774
16,502 25,046

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,557 19,546
Amounts owed to associated undertakings - 15,000
Taxation and social security 5,651 3,869
Directors' current accounts 108,141 115,468
Accruals and deferred income 8,195 7,489
124,544 161,372

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to group undertakings 2,450,103 2,331,963

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
5,934,000 Ordinary £0.612 3,631,608 3,631,608

10. RELATED PARTY DISCLOSURES

During the year, the company received loan monies of £6,918 (2023: £50,142) from an associated undertaking. Repayments of £21,918 (2023: £35,142) have been made during the year and as at 30 June 2024 a balance of £Nil (2023: £15,000) was owed to the company.

During the year, the company received loan monies of £Nil (2023: £2,252,250) from group undertakings and accrued interest and fees to be paid of £237,736 (2023: £128,865) based on normal commercial terms. Repayments of £119,596 (2023: £49,152) have been made during the year. As at 30 June 2024 a balance of £2,450,103 (2023: £2,331,963) was owed to group undertakings.

11. ULTIMATE PARENT COMPANY

The ultimate parent company is Reva Investments Limited. Accounts for Reva Investments Limited can be obtained from its registered office, Oakland House, 21 Hope Carr Road, Leigh, Wigan, WN7 3ET.