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01/01/2024
31/12/2024
2024-12-31
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No description of principal activities is disclosed
2024-01-01
Sage Accounts Production 23.0 - FRS102_2023
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iso4217:GBP
07011376
2024-01-01
2024-12-31
07011376
2024-12-31
07011376
2023-12-31
07011376
2023-01-01
2023-12-31
07011376
2023-12-31
07011376
2022-12-31
07011376
core:LandBuildings
core:LongLeaseholdAssets
2024-01-01
2024-12-31
07011376
core:PlantMachinery
2024-01-01
2024-12-31
07011376
core:FurnitureFittingsToolsEquipment
2024-01-01
2024-12-31
07011376
core:MotorVehicles
2024-01-01
2024-12-31
07011376
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2024-01-01
2024-12-31
07011376
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2024-12-31
07011376
bus:Director1
2024-01-01
2024-12-31
07011376
bus:Director2
2024-01-01
2024-12-31
07011376
bus:Director3
2024-01-01
2024-12-31
07011376
bus:Director4
2024-01-01
2024-12-31
07011376
bus:Director5
2024-01-01
2024-12-31
07011376
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-12-31
07011376
core:PlantMachinery
2023-12-31
07011376
core:FurnitureFittingsToolsEquipment
2023-12-31
07011376
core:MotorVehicles
2023-12-31
07011376
core:LandBuildings
core:OwnedOrFreeholdAssets
2024-12-31
07011376
core:PlantMachinery
2024-12-31
07011376
core:FurnitureFittingsToolsEquipment
2024-12-31
07011376
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2024-12-31
07011376
core:WithinOneYear
2024-12-31
07011376
core:WithinOneYear
2023-12-31
07011376
core:RetainedEarningsAccumulatedLosses
2024-12-31
07011376
core:RetainedEarningsAccumulatedLosses
2023-12-31
07011376
core:LandBuildings
core:OwnedOrFreeholdAssets
2024-01-01
2024-12-31
07011376
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-12-31
07011376
core:PlantMachinery
2023-12-31
07011376
core:FurnitureFittingsToolsEquipment
2023-12-31
07011376
core:MotorVehicles
2023-12-31
07011376
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2024-01-01
2024-12-31
07011376
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2024-01-01
2024-12-31
07011376
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2024-01-01
2024-12-31
07011376
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2024-12-31
07011376
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2024-01-01
2024-12-31
Company registration number:
07011376
REMUS MEMORIAL HORSE SANCTUARY
Trading as
Remus Memorial Horse Sanctuary
Company limited by guarantee
Unaudited filleted financial statements
31 December 2024
REMUS MEMORIAL HORSE SANCTUARY
Company limited by guarantee
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
REMUS MEMORIAL HORSE SANCTUARY
Company limited by guarantee
Directors and other information
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Directors |
S Burton |
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E Anderson |
(resigned 10 December 2024) |
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E Fordham |
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R O'Connor |
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N Walker |
(Appointed 19 March 2024) |
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Company number |
07011376 |
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Registered office |
Little Farm |
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Buttsbury |
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Ingatestone |
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Essex |
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CM4 9NZ |
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Accountants |
Peaty & Co |
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163-164 Moulsham Street |
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Chelmsford |
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Essex |
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CM2 0LD |
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REMUS MEMORIAL HORSE SANCTUARY
Company limited by guarantee
Statement of financial position
31 December 2024
|
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2024 |
|
|
|
2023 |
|
|
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|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
6 |
107,121 |
|
|
|
123,565 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
107,121 |
|
|
|
123,565 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
7 |
650 |
|
|
|
1,000 |
|
|
Cash at bank and in hand |
|
|
118,971 |
|
|
|
134,376 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
119,621 |
|
|
|
135,376 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
8 |
(
12,872) |
|
|
|
(
11,024) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
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|
106,749 |
|
|
|
124,352 |
|
|
|
|
|
_______ |
|
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|
_______ |
Total assets less current liabilities |
|
|
|
|
213,870 |
|
|
|
247,917 |
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|
|
|
|
|
|
|
|
|
|
_______ |
|
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|
_______ |
Net assets |
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|
|
213,870 |
|
|
|
247,917 |
|
|
|
|
|
_______ |
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_______ |
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Capital and reserves |
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Profit and loss account |
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|
213,870 |
|
|
|
247,917 |
|
|
|
|
|
_______ |
|
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|
_______ |
Members funds |
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|
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|
213,870 |
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|
|
247,917 |
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_______ |
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_______ |
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For the 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.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
17 April 2025
, and are signed on behalf of the board by:
S Burton
Director
Company registration number:
07011376
REMUS MEMORIAL HORSE SANCTUARY
Company limited by guarantee
Notes to the financial statements
Year ended 31 December 2024
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Little Farm, Buttsbury, Ingatestone, Essex, CM4 9NZ.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on a historical cost basis.
They have been prepared in sterling which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
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|
Long leasehold property |
- |
10 % |
reducing balance |
|
Plant and machinery |
- |
25 % |
reducing balance |
|
Fittings fixtures and equipment |
- |
25 % |
reducing balance |
|
Motor vehicles |
- |
25 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4.
Limited by guarantee
The company is limited by guarantee and has no share capital. Every member undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
5.
Employee numbers
The average number of persons employed by the company during the year amounted to
15
(2023:
14
).
6.
Tangible assets
|
|
Freehold property |
Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
|
|
|
£ |
£ |
£ |
£ |
£ |
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 31 January & 31 December 2024 |
291,528 |
76,187 |
5,871 |
25,200 |
398,786 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 January 2024 |
195,207 |
61,516 |
3,929 |
14,569 |
275,221 |
|
|
|
Charge for the year |
9,632 |
3,668 |
486 |
2,658 |
16,444 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 December 2024 |
204,839 |
65,184 |
4,415 |
17,227 |
291,665 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 December 2024 |
86,689 |
11,003 |
1,456 |
7,973 |
107,121 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 December 2023 |
96,321 |
14,671 |
1,942 |
10,631 |
123,565 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
7.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Other debtors |
|
650 |
1,000 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade creditors |
|
3,858 |
8,851 |
|
Social security and other taxes |
|
2,347 |
- |
|
Other creditors |
|
6,667 |
2,173 |
|
|
|
_______ |
_______ |
|
|
|
12,872 |
11,024 |
|
|
|
_______ |
_______ |
|
|
|
|
|