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Registration number: 09374151

The Cavalry of Heroes Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

The Cavalry of Heroes Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

The Cavalry of Heroes Limited

Company Information

Director

Mrs C Lovatt

Company secretary

Mrs C Lovatt

Registered office

Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

Bankers

HSBC Bank plc
35 High Town
Hereford
HR1 2AQ

Accountants

W J James & Co
Chartered AccountantsBishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

The Cavalry of Heroes Limited

(Registration number: 09374151)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

-

5,650

Cash at bank and in hand

 

-

7,549

 

-

13,199

Creditors: Amounts falling due within one year

5

(81,137)

(88,162)

Total assets less current liabilities

 

(81,137)

(74,963)

Creditors: Amounts falling due after more than one year

5

-

(5,242)

Net liabilities

 

(81,137)

(80,205)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(81,237)

(80,305)

Shareholders' deficit

 

(81,137)

(80,205)

For the financial year ending 30 June 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 year 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 and 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 director on 18 March 2025
 

.........................................
Mrs C Lovatt
Company secretary and director

 

The Cavalry of Heroes Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 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:
Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG
Wales

These financial statements were authorised for issue by the director on 18 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.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest £1.

Going concern

The company has net current liabilities as at the balance sheet date. The directors ceased trading in December 2022. The creditor is the director and shareholders who will not be paid as the company does not have the funds to do so.

Revenue recognition

Turnover represents the net invoiced sales of services.

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

Costume items and equipment

25% on reducing balance

 

The Cavalry of Heroes Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Plant and machinery

20% on reducing balance

Computer equipment

33% on reducing balance

Motor vehicles

25% on reducing balance

Horses

5 % on 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 sale of services performed in the ordinary course of business.

Stocks

Stock is valued at the lower of cost and net realisable value.

Trade creditors

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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 year, was 0 (2023 - 0).

 

The Cavalry of Heroes Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Debtors

Current

2024
£

2023
£

Trade debtors

-

604

Other debtors

-

5,046

 

-

5,650

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

-

2,334

Trade creditors

 

-

3,284

Taxation and social security

 

-

1,268

Accruals and deferred income

 

330

905

Other creditors

 

80,807

80,371

 

81,137

88,162

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

6

-

5,242

6

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

-

5,242

Current loans and borrowings

2024
£

2023
£

Bank borrowings

-

2,334