Registered number
08564705
Stephanie Hollinshead Racing Limited
Filleted Accounts
31 December 2024
Stephanie Hollinshead Racing Limited
Registered number: 08564705
Balance Sheet
as at 31 December 2024
Notes 31/12/24 30/6/24
£ £
Fixed assets
Tangible assets 3 381,679 325,241
Current assets
Stocks 6,744 15,393
Debtors 4 53,764 42,893
Cash at bank and in hand 5,620 5,358
66,128 63,644
Creditors: amounts falling due within one year 5 (159,136) (156,628)
Net current liabilities (93,008) (92,984)
Total assets less current liabilities 288,671 232,257
Creditors: amounts falling due after more than one year 6 (295,843) (299,090)
Net liabilities (7,172) (66,833)
Capital and reserves
Called up share capital 100 100
Revaluation reserve 8 56,027 -
Profit and loss account (63,299) (66,933)
Shareholder's funds (7,172) (66,833)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Stephanie Claire Hawkins
Director
Approved by the board on 15 March 2025
Stephanie Hollinshead Racing Limited
Notes to the Accounts
for the period from 1 July 2024 to 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 to 25 years
Motor vehicles over 4 to 6 years
Stocks
Stocks are measured at the lower of cost or estimated realisable value.
Debtors
Short term debtors are measured at transaction price.
Creditors
Short term creditors are measured at transaction price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 31/12/24 30/6/24
Number Number
Average number of persons employed by the company 7 8
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2024 108,973 191,665 63,740 364,378
Additions - 10,293 - 10,293
Surplus on revaluation 56,027 - - 56,027
At 31 December 2024 165,000 201,958 63,740 430,698
Depreciation
At 1 July 2024 - 10,064 29,073 39,137
Charge for the period - 5,882 4,000 9,882
At 31 December 2024 - 15,946 33,073 49,019
Net book value
At 31 December 2024 165,000 186,012 30,667 381,679
At 30 June 2024 108,973 181,601 34,667 325,241
4 Debtors 31/12/24 30/6/24
£ £
Trade debtors 52,638 42,893
Other debtors 1,126 -
53,764 42,893
5 Creditors: amounts falling due within one year 31/12/24 30/6/24
£ £
Bank loans and overdrafts 5,000 5,000
Trade creditors 32,995 33,460
Taxation and social security costs 57,386 57,280
Other creditors 63,755 60,888
159,136 156,628
6 Creditors: amounts falling due after one year 31/12/24 30/6/24
£ £
Bank loans 27,349 29,849
Other creditors 268,494 269,241
295,843 299,090
7 Loans 31/12/24 30/6/24
£ £
Creditors include:
Secured loans 109,418 109,418
8 Revaluation reserve 31/12/24 30/6/24
£ £
Gain on revaluation of land and buildings 56,027 -
At 31 December 2024 56,027 -
9 Other information
Stephanie Hollinshead Racing Limited is a private company limited by shares and incorporated in England. Its registered office is:
Catmint Lodge
Bardy Lane
Upper Longdon
Rugeley
WS15 4LJ
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