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Company No: 01400682 (England and Wales)

WHITE HORSE MARQUEES LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

WHITE HORSE MARQUEES LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

WHITE HORSE MARQUEES LIMITED

BALANCE SHEET

As at 31 December 2024
WHITE HORSE MARQUEES LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 118,560 125,665
118,560 125,665
Current assets
Stocks 0 300
Debtors 5 6,131 6,646
Cash at bank and in hand 119,758 99,515
125,889 106,461
Creditors: amounts falling due within one year 6 ( 56,643) ( 48,802)
Net current assets 69,246 57,659
Total assets less current liabilities 187,806 183,324
Provision for liabilities ( 40,816) ( 44,605)
Net assets 146,990 138,719
Capital and reserves
Called-up share capital 7 4,000 4,000
Revaluation reserve 35,232 41,647
Profit and loss account 107,758 93,072
Total shareholders' funds 146,990 138,719

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of White Horse Marquees Limited (registered number: 01400682) were approved and authorised for issue by the Director on 25 March 2025. They were signed on its behalf by:

J B Grotrian
Director
WHITE HORSE MARQUEES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
WHITE HORSE MARQUEES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

White Horse Marquees Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hill Deverill, Warminster, BA12 7EQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of 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 value added tax.

Taxation

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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting data in the countries where the company operates and generates taxable income.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Tangible fixed 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.

Plant and machinery 15 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 15 % reducing balance

Tangible assets are held at fair value at the date of valuation less subsequent depreciation and impairment.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a gain reverses a previously recognised loss, or a loss exceeds the accumulated gains in equity.

Stocks

Stocks are valued at the lower of cost and net realisable value, after due allowance for obsolete and slow moving items. Cost represents purchase price. Net realisable value represents the selling price of goods and services.

Financial instruments

The company holds the following financial instruments:

- Short term trade and other debtors and creditors
- Cash and bank balances

All financial instruments are classified as basic.

The company has chosen to apply the recognition when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the asset expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal obligation to pau further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 6 9

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 January 2024 12,500 12,500
At 31 December 2024 12,500 12,500
Accumulated amortisation
At 01 January 2024 12,500 12,500
At 31 December 2024 12,500 12,500
Net book value
At 31 December 2024 0 0
At 31 December 2023 0 0

4. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £
Cost
At 01 January 2024 307,274 47,619 9,539 364,432
Additions 15,255 0 0 15,255
At 31 December 2024 322,529 47,619 9,539 379,687
Accumulated depreciation
At 01 January 2024 194,577 35,396 8,794 238,767
Charge for the financial year 19,191 3,056 113 22,360
At 31 December 2024 213,768 38,452 8,907 261,127
Net book value
At 31 December 2024 108,761 9,167 632 118,560
At 31 December 2023 112,697 12,223 745 125,665

The fair value of the company's plant and machinery was revalued on 31 December 2019 by the directors of the company. An independent valuer was not involved. This valuation was calculated using open market value. Had this class of asset been measured on a historical cost basis, the carrying amount would have been £63,459 (2023 - £59,403).
The fair value of the company's motor vehicles was revalued on 31 December 2019 by the directors of the company. An independent valuer was not involved. This valuation was calculated using open market value. Had this class of asset been measured on a historical cost basis, the carrying amount would have been £7,416 (2023 - £9,988).

5. Debtors

2024 2023
£ £
Trade debtors 1,850 432
Other debtors 4,281 6,214
6,131 6,646

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 190
Taxation and social security 23,077 12,146
Other creditors 33,566 36,466
56,643 48,802

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
4,000 £1.00 Ordinary Shares shares of £ 1.00 each 4,000 4,000