Company registration number 04611271 (England and Wales)
EAGLESFIELD EQUESTRIAN EVENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
EAGLESFIELD EQUESTRIAN EVENTS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
EAGLESFIELD EQUESTRIAN EVENTS LIMITED (REGISTERED NUMBER: 04611271)
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
14,173
15,974
Current assets
Stocks
6,145
6,847
Debtors
4
29,376
24,762
Cash at bank and in hand
69,926
64,906
105,447
96,515
Creditors: amounts falling due within one year
5
(9,652)
(26,148)
Net current assets
95,795
70,367
Total assets less current liabilities
109,968
86,341
Provisions for liabilities
(2,092)
(592)
Net assets
107,876
85,749
Capital and reserves
Called up share capital
1,032
1,032
Profit and loss reserves
106,844
84,717
Total equity
107,876
85,749
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
EAGLESFIELD EQUESTRIAN EVENTS LIMITED (REGISTERED NUMBER: 04611271)
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 27 March 2025 and are signed on its behalf by:
K W Clark
Director
EAGLESFIELD EQUESTRIAN EVENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information
Eaglesfield Equestrian Events Limited is a private company limited by shares incorporated in England and Wales. The registered office is Eaglesfield, West Yoke, Ash, Sevenoaks, Kent, TN15 7HT.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
The amount of turnover can be measured reliably
It is probable that the company will receive the consideration due under the contract
The stage of completion of the contract at the end of the reporting period can be measured reliably
The costs incurred and the costs to complete the contract can be measured reliably
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Buildings Freehold
Straight line over 20 years
Leasehold improvements
Straight line over 10 years
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
EAGLESFIELD EQUESTRIAN EVENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
6
6
3
Tangible fixed assets
Buildings Freehold
Leasehold improvements
Total
£
£
£
Cost
At 1 January 2024 and 31 December 2024
3,925
31,272
35,197
Depreciation and impairment
At 1 January 2024
808
18,415
19,223
Depreciation charged in the year
196
1,605
1,801
At 31 December 2024
1,004
20,020
21,024
Carrying amount
At 31 December 2024
2,921
11,252
14,173
At 31 December 2023
3,117
12,857
15,974
EAGLESFIELD EQUESTRIAN EVENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
10,984
9,986
Other debtors
18,392
14,776
29,376
24,762
5
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
2,947
20,923
Taxation and social security
262
Other creditors
6,443
5,225
9,652
26,148
6
Related party transactions
During the year the company purchased services totalling £113,040 (2023: £137,040) from the parent company.
At the year end the company owed £2,947 (2023: £20,923) to the parent company.
7
Ultimate Controlling Party
The ultimate control of the company lies with Mrs J M Clark by virtue of her shareholding in the parent company, Eaglesfield Equestrian Holdings Limited.