ENBORNE EQUESTRIAN COMMUNITY INTEREST COMPANY

Company Registration Number:
09166940 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

ENBORNE EQUESTRIAN COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ENBORNE EQUESTRIAN COMMUNITY INTEREST COMPANY

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The principal activity of the company is that of a horse riding school.



Directors

The director shown below has held office during the whole of the period from
1 April 2023 to 31 March 2024

Mrs R Gardiner


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
5 March 2025

And signed on behalf of the board by:
Name: Mrs R Gardiner
Status: Director

ENBORNE EQUESTRIAN COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 51,246 41,269
Total fixed assets: 51,246 41,269
Current assets
Debtors: 4 1,680 0
Cash at bank and in hand: 64,897 97,910
Total current assets: 66,577 97,910
Creditors: amounts falling due within one year: 5 ( 23,862 ) ( 14,890 )
Net current assets (liabilities): 42,715 83,020
Total assets less current liabilities: 93,961 124,289
Total net assets (liabilities): 93,961 124,289
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 93,960 124,288
Total Shareholders' funds: 93,961 124,289

The notes form part of these financial statements

ENBORNE EQUESTRIAN COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 5 March 2025
and signed on behalf of the board by:

Name: Mrs R Gardiner
Status: Director

The notes form part of these financial statements

ENBORNE EQUESTRIAN COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

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

    Tangible fixed assets depreciation policy

    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 Plant and Machinery 20% Straight line on cost Land and Buildings 20% Straight line on cost

    Other accounting policies

    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. Turnover is shown net of sales/value added tax, returns, rebates and discounts Tax: The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. 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. 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. 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. Dividends: Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

ENBORNE EQUESTRIAN COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

ENBORNE EQUESTRIAN COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 34,200 87,335 0 121,535
Additions 7,978 19,800 27,778
Disposals
Revaluations
Transfers
At 31 March 2024 34,200 95,313 19,800 149,313
Depreciation
At 1 April 2023 34,200 46,066 0 80,266
Charge for year 13,841 3,960 17,801
On disposals
Other adjustments
At 31 March 2024 34,200 59,907 3,960 98,067
Net book value
At 31 March 2024 0 35,406 15,840 51,246
At 31 March 2023 0 41,269 0 41,269

ENBORNE EQUESTRIAN COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Other debtors 1,680 0
Total 1,680 0

ENBORNE EQUESTRIAN COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 0 2,220
Taxation and social security 4,157 6,303
Accruals and deferred income 1,224 1,428
Other creditors 18,481 4,939
Total 23,862 14,890

COMMUNITY INTEREST ANNUAL REPORT

ENBORNE EQUESTRIAN COMMUNITY INTEREST COMPANY

Company Number: 09166940 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

The Company runs a riding school in the village of Enborne, Berkshire. The Company commenced in August 2014 to benefit all members of the community with a particular emphasis on those with special needs and learning difficulties. It has benefited the local community in the following ways:- * It has provided an educational experience for young and old through providing riding lessons and horse management classes. * It has encouraged activity and fitness through riding. * It has provided employment and apprenticeships for 3 part-time staff.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

A copy of the Company's accounts are attached and we can confirm that no other transactions or arrangements in connection with remuneration of the Director, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
5 March 2025

And signed on behalf of the board by:
Name: Mrs Ruth Gardiner
Status: Director