Company Registration No. 13046946 (England and Wales)
Sussex Sport Horses Limited
Unaudited accounts
for the year ended 30 November 2024
Sussex Sport Horses Limited
Unaudited accounts
Contents
Sussex Sport Horses Limited
Company Information
for the year ended 30 November 2024
Company Number
13046946 (England and Wales)
Registered Office
CRANFIELD CHURCH PATH STATION ROAD
COWFOLD
HORSHAM
RH13 8DA
ENGLAND
Accountants
Alison Austin FCA BFP
Home Farm House
St. Leonard's Forest
Horsham
West Sussex
RH13 6PH
Sussex Sport Horses Limited
Statement of financial position
as at 30 November 2024
Tangible assets
1,365
2,115
Cash at bank and in hand
26,020
228
Creditors: amounts falling due within one year
(49,456)
(25,884)
Net current assets
25,795
22,223
Called up share capital
1
1
Profit and loss account
27,159
24,337
Shareholders' funds
27,160
24,338
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 March 2025 and were signed on its behalf by
Kerry Dodimead
Director
Company Registration No. 13046946
Sussex Sport Horses Limited
Notes to the Accounts
for the year ended 30 November 2024
Sussex Sport Horses Limited is a private company, limited by shares, registered in England and Wales, registration number 13046946. The registered office is CRANFIELD CHURCH PATH STATION ROAD, COWFOLD, HORSHAM, RH13 8DA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
4 years
Stock is valued at the lower of cost and net realisable value (expected selling price less anticipated costs of sale).
Mares , stallions and foals are valued at acquisition price if purchased from a third party. Where the horse has been bred and reared in-house from foal, the cost included are the costs of rearing and keeping the horse until it is three.
Where there is a nomination fee or semen purchased, these will be held as a separate stock item until the outcome of the breeding is known. If successful, these costs are transferred to the foal produced. If not, they are written off the profit and loss account.
If appropriate, stallions will be depreciated over 10 years.
The stock values are reviewed on an annual basis and written down if the cost recorded is higher than the estimated net realisable value
Sussex Sport Horses Limited
Notes to the Accounts
for the year ended 30 November 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2023
3,075
540
3,615
At 30 November 2024
3,075
540
3,615
At 1 December 2023
1,230
270
1,500
Charge for the year
615
135
750
At 30 November 2024
1,845
405
2,250
At 30 November 2024
1,230
135
1,365
At 30 November 2023
1,845
270
2,115
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
43,998
24,997
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).