Fletchers Farm Riding Limited 14776617 false 2023-04-03 2024-03-31 2024-03-31 The principal activity of the company is Provision of horse riding lessons Digita Accounts Production Advanced 6.30.9574.0 true true 14776617 2023-04-03 2024-03-31 14776617 2024-03-31 14776617 bus:OrdinaryShareClass1 2024-03-31 14776617 bus:OrdinaryShareClass2 2024-03-31 14776617 core:CurrentFinancialInstruments 2024-03-31 14776617 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14776617 core:FurnitureFittingsToolsEquipment 2024-03-31 14776617 core:MotorVehicles 2024-03-31 14776617 bus:SmallEntities 2023-04-03 2024-03-31 14776617 bus:AuditExemptWithAccountantsReport 2023-04-03 2024-03-31 14776617 bus:FilletedAccounts 2023-04-03 2024-03-31 14776617 bus:SmallCompaniesRegimeForAccounts 2023-04-03 2024-03-31 14776617 bus:RegisteredOffice 2023-04-03 2024-03-31 14776617 bus:Director1 2023-04-03 2024-03-31 14776617 bus:OrdinaryShareClass1 2023-04-03 2024-03-31 14776617 bus:OrdinaryShareClass2 2023-04-03 2024-03-31 14776617 bus:PrivateLimitedCompanyLtd 2023-04-03 2024-03-31 14776617 core:FurnitureFittingsToolsEquipment 2023-04-03 2024-03-31 14776617 core:MotorVehicles 2023-04-03 2024-03-31 14776617 core:PlantMachinery 2023-04-03 2024-03-31 14776617 countries:England 2023-04-03 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14776617

Fletchers Farm Riding Limited

Annual Report and Unaudited Financial Statements

for the Period from 3 April 2023 to 31 March 2024

 

Fletchers Farm Riding Limited
(Registration number: 14776617)

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Fletchers Farm Riding Limited
(Registration number: 14776617)

Balance Sheet as at 31 March 2024

Note

2024
£

Fixed Assets

 

Tangible Assets

4

32,986

Current assets

 

Debtors

5

31,017

Cash at bank and in hand

 

23,237

 

54,254

Creditors: Amounts falling due within one year

6

(79,341)

Net current liabilities

 

(25,087)

Net assets

 

7,899

Capital and Reserves

 

Called up share capital

7

200

Retained Earnings

7,699

Shareholders' funds

 

7,899

 

Fletchers Farm Riding Limited
(Registration number: 14776617)

Balance Sheet as at 31 March 2024

For the financial period ending 31 March 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 March 2025 and signed on its behalf by:
 

.........................................
Mr T Bradshaw
Director

 

Fletchers Farm Riding Limited
(Registration number: 14776617)

Notes to the Unaudited Financial Statements for the Period from 3 April 2023 to 31 March 2024

1

General information

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

The address of its registered office is:
Fletchers Farm
Rams Farm Road
Fordham
Colchester
Essex
CO6 3NT

These financial statements were authorised for issue by the Board on 4 March 2025.

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 a going concern basis.

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Fletchers Farm Riding Limited
(Registration number: 14776617)

Notes to the Unaudited Financial Statements for the Period from 3 April 2023 to 31 March 2024

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

Fixtures, fittings and equipment

20% reducing balance

Horses

10% straight line

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.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Fletchers Farm Riding Limited
(Registration number: 14776617)

Notes to the Unaudited Financial Statements for the Period from 3 April 2023 to 31 March 2024

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 directors) during the period, was 9.

4

Tangible Assets

Fixtures, fittings and equipment
 £

Horses
 £

Total
£

Cost or valuation

Additions

7,708

37,800

45,508

Disposals

-

(8,000)

(8,000)

At 31 March 2024

7,708

29,800

37,508

Depreciation

Charge for the period

1,542

2,980

4,522

At 31 March 2024

1,542

2,980

4,522

Carrying amount

At 31 March 2024

6,166

26,820

32,986

5

Debtors

Current

Note

2024
£

Trade Debtors

 

7,038

Amounts owed by related parties

17,333

Prepayments

 

6,446

Other debtors

 

200

   

31,017

 

Fletchers Farm Riding Limited
(Registration number: 14776617)

Notes to the Unaudited Financial Statements for the Period from 3 April 2023 to 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals and deferred income

23,351

Other creditors

55,990

79,341

7

Share capital

Allotted, called up and not fully paid shares

2024

No.

£

Ordinary A shares of £1 each

100

100

Ordinary B shares of £1 each

100

100

200

200