Hidden Oak Equestrian Ltd 15047907 false 2023-08-03 2024-08-31 2024-08-31 The principal activity of the company is retail sale of animal and equine related products, and cafe/refreshments. Digita Accounts Production Advanced 6.30.9574.0 true true 15047907 2023-08-03 2024-08-31 15047907 2024-08-31 15047907 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-08-31 15047907 bus:OrdinaryShareClass2 bus:CumulativeShares 2024-08-31 15047907 bus:OrdinaryShareClass3 bus:CumulativeShares 2024-08-31 15047907 core:CurrentFinancialInstruments 2024-08-31 15047907 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 15047907 core:FurnitureFittingsToolsEquipment 2024-08-31 15047907 bus:SmallEntities 2023-08-03 2024-08-31 15047907 bus:AuditExemptWithAccountantsReport 2023-08-03 2024-08-31 15047907 bus:FilletedAccounts 2023-08-03 2024-08-31 15047907 bus:SmallCompaniesRegimeForAccounts 2023-08-03 2024-08-31 15047907 bus:RegisteredOffice 2023-08-03 2024-08-31 15047907 bus:Director1 2023-08-03 2024-08-31 15047907 bus:Director2 2023-08-03 2024-08-31 15047907 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-08-03 2024-08-31 15047907 bus:OrdinaryShareClass2 bus:CumulativeShares 2023-08-03 2024-08-31 15047907 bus:OrdinaryShareClass3 bus:CumulativeShares 2023-08-03 2024-08-31 15047907 bus:PrivateLimitedCompanyLtd 2023-08-03 2024-08-31 15047907 core:FurnitureFittings 2023-08-03 2024-08-31 15047907 core:FurnitureFittingsToolsEquipment 2023-08-03 2024-08-31 15047907 core:OfficeEquipment 2023-08-03 2024-08-31 15047907 core:PlantMachinery 2023-08-03 2024-08-31 15047907 countries:UnitedKingdom 2023-08-03 2024-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 15047907

Hidden Oak Equestrian Ltd

Unaudited Filleted Financial Statements

for the Period from 3 August 2023 to 31 August 2024

 

Hidden Oak Equestrian Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Hidden Oak Equestrian Ltd

Company Information

Directors

Mr Jonathan Guy Wollaston Kenyon

Mrs Jane Elizabeth Kenyon

Registered office

Unit D Green Barn
West Down Farm
Corton Denham
Sherborne
Dorset
DT9 4LG

Accountants

Hatherleigh Limited
Chartered Accountants & Business Advisers
Unit D Green Barn
West Down Farm
Corton Denham
Sherborne
Dorset
DT9 4LG

 

Hidden Oak Equestrian Ltd

(Registration number: 15047907)
Balance Sheet as at 31 August 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

56,215

Current assets

 

Stocks

5

114,874

Debtors

6

35,567

Cash at bank and in hand

 

17,244

 

167,685

Creditors: Amounts falling due within one year

7

(274,193)

Net current liabilities

 

(106,508)

Net liabilities

 

(50,293)

Capital and reserves

 

Called up share capital

8

200

Retained earnings

(50,493)

Shareholders' deficit

 

(50,293)

For the financial period ending 31 August 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 period 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 16 December 2024 and signed on its behalf by:
 

 

Hidden Oak Equestrian Ltd

(Registration number: 15047907)
Balance Sheet as at 31 August 2024

.........................................
Mr Jonathan Guy Wollaston Kenyon
Director

.........................................
Mrs Jane Elizabeth Kenyon
Director

 

Hidden Oak Equestrian Ltd

Notes to the Unaudited Financial Statements for the Period from 3 August 2023 to 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit D Green Barn
West Down Farm
Corton Denham
Sherborne
Dorset
DT9 4LG

These financial statements were authorised for issue by the Board on 16 December 2024.

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

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the 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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

 

Hidden Oak Equestrian Ltd

Notes to the Unaudited Financial Statements for the Period from 3 August 2023 to 31 August 2024

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

Plant and machinery

25% Reducing Balance

Office Equipment

20% Straight Line

Fixtures and Fittings

16.6% 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 merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

 

Hidden Oak Equestrian Ltd

Notes to the Unaudited Financial Statements for the Period from 3 August 2023 to 31 August 2024

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 or constructive obligation to pay 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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

 

Hidden Oak Equestrian Ltd

Notes to the Unaudited Financial Statements for the Period from 3 August 2023 to 31 August 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

69,879

69,879

At 31 August 2024

69,879

69,879

Depreciation

Charge for the period

13,664

13,664

At 31 August 2024

13,664

13,664

Carrying amount

At 31 August 2024

56,215

56,215

5

Stocks

2024
£

Other inventories

114,874

6

Debtors

Current

2024
£

Trade debtors

9,692

Prepayments

25,875

 

35,567

7

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

24,789

Taxation and social security

13,534

Accruals and deferred income

1,950

Other creditors

233,920

274,193

 

Hidden Oak Equestrian Ltd

Notes to the Unaudited Financial Statements for the Period from 3 August 2023 to 31 August 2024

8

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary Shares Type A of £1 each

100

100

Ordinary Shares Type B of £1 each

50

50

Ordinary Shares Type C of £1 each

50

50

200

200

9

Related party transactions

 

Hidden Oak Equestrian Ltd

Notes to the Unaudited Financial Statements for the Period from 3 August 2023 to 31 August 2024

Directors' remuneration

The directors' remuneration for the period was as follows:

2024
£

Remuneration

5,737