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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
Directors S Burton
E Anderson (resigned 10 December 2024)
E Fordham
R O'Connor
N Walker (Appointed 19 March 2024)
Company number 07011376
Registered office Little Farm
Buttsbury
Ingatestone
Essex
CM4 9NZ
Accountants Peaty & Co
163-164 Moulsham Street
Chelmsford
Essex
CM2 0LD
REMUS MEMORIAL HORSE SANCTUARY
Company limited by guarantee
Statement of financial position
31 December 2024
2024 2023
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 106,749 124,352
_______ _______
Total assets less current liabilities 213,870 247,917
_______ _______
Net assets 213,870 247,917
_______ _______
Capital and reserves
Profit and loss account 213,870 247,917
_______ _______
Members funds 213,870 247,917
_______ _______
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:
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
_______ _______