Mark Todd Eventing Limited 07575632 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is training and the sale of eventing horses. Digita Accounts Production Advanced 6.30.9574.0 true true 07575632 2023-04-01 2024-03-31 07575632 2024-03-31 07575632 core:CurrentFinancialInstruments 2024-03-31 07575632 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07575632 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 07575632 core:MotorVehicles 2024-03-31 07575632 core:PlantMachinery 2024-03-31 07575632 bus:SmallEntities 2023-04-01 2024-03-31 07575632 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07575632 bus:FilletedAccounts 2023-04-01 2024-03-31 07575632 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07575632 bus:RegisteredOffice 2023-04-01 2024-03-31 07575632 bus:Director1 2023-04-01 2024-03-31 07575632 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07575632 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07575632 core:LeaseholdImprovements 2023-04-01 2024-03-31 07575632 core:MotorVehicles 2023-04-01 2024-03-31 07575632 core:PlantMachinery 2023-04-01 2024-03-31 07575632 countries:EnglandWales 2023-04-01 2024-03-31 07575632 2023-03-31 07575632 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 07575632 core:MotorVehicles 2023-03-31 07575632 core:PlantMachinery 2023-03-31 07575632 2022-04-01 2023-03-31 07575632 2023-03-31 07575632 core:CurrentFinancialInstruments 2023-03-31 07575632 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07575632 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 07575632 core:MotorVehicles 2023-03-31 07575632 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 07575632

Mark Todd Eventing Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Mark Todd Eventing Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Mark Todd Eventing Limited

(Registration number: 07575632)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

11,150

14,569

Current assets

 

Debtors

6

47,119

62,341

Cash at bank and in hand

 

5,016

2,385

 

52,135

64,726

Creditors: Amounts falling due within one year

7

(206,254)

(245,015)

Net current liabilities

 

(154,119)

(180,289)

Net liabilities

 

(142,969)

(165,720)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(142,971)

(165,722)

Shareholders' deficit

 

(142,969)

(165,720)

For the financial year 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 year 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 21 March 2025 and signed on its behalf by:
 

.........................................
Sir M J Todd
Director

 

Mark Todd Eventing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
Badgerstown
Foxhill
Swindon
Wiltshire
SN4 0DR

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

These accounts have been prepared on a going concern basis as the directors have confirmed that they will continue to support the company for a period of twelve months from signing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the training and sale of eventing horses. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

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.

 

Mark Todd Eventing Limited

Notes to the Unaudited Financial Statements for the Year Ended 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

Property improvements

10% straight line

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

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.

Debtors

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

Stocks

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

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

Taxation

2024

2023

£

£

Corporation tax

16,167

-

16,167

-

4

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Mark Todd Eventing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Tangible assets

Land and buildings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

40,190

64,060

35,600

139,850

Additions

-

833

-

833

At 31 March 2024

40,190

64,893

35,600

140,683

Depreciation

At 1 April 2023

37,890

60,630

26,761

125,281

Charge for the year

1,150

892

2,210

4,252

At 31 March 2024

39,040

61,522

28,971

129,533

Carrying amount

At 31 March 2024

1,150

3,371

6,629

11,150

At 31 March 2023

2,300

3,430

8,839

14,569

6

Debtors

Current

2024
£

2023
£

Trade debtors

4,322

6,062

Prepayments

530

-

Other debtors

42,267

56,279

 

47,119

62,341

 

Mark Todd Eventing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

16,219

-

Other creditors

190,035

245,015

206,254

245,015

8

Related party transactions

Transactions with directors

Other transactions with directors

The directors had an interest free loan account with the company during the year. At the balance sheet date the amount due to the directors was £169,804 (2023: £226,195).

Mark Todd Eventing Limited is a partner in Mark Todd Eventing, a partnership consisting of the company, Sir Mark Todd and Lady Carolyn Todd. At the balance sheet date the company's interest in the capital of the Mark Todd Eventing partnership was £41,517 (2023: £56,279) and its share of the loss for the year ended 31 March 202 was £18,553 (2023: £18,258).