Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-11-01false00truetruefalse 08152077 2023-11-01 2024-10-31 08152077 2022-11-01 2023-10-31 08152077 2024-10-31 08152077 2023-10-31 08152077 c:Director1 2023-11-01 2024-10-31 08152077 d:CurrentFinancialInstruments 2024-10-31 08152077 d:CurrentFinancialInstruments 2023-10-31 08152077 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 08152077 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 08152077 d:OtherMiscellaneousReserve 2023-11-01 2024-10-31 08152077 d:OtherMiscellaneousReserve 2024-10-31 08152077 d:OtherMiscellaneousReserve 2023-10-31 08152077 d:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 08152077 d:RetainedEarningsAccumulatedLosses 2024-10-31 08152077 d:RetainedEarningsAccumulatedLosses 2023-10-31 08152077 c:FRS102 2023-11-01 2024-10-31 08152077 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 08152077 c:FullAccounts 2023-11-01 2024-10-31 08152077 c:CompanyLimitedByGuarantee 2023-11-01 2024-10-31 08152077 6 2023-11-01 2024-10-31 08152077 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 08152077









NEWMARKET STUD FARMERS ASSOCIATION LIMITED
(A Company Limited by Guarantee)







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
NEWMARKET STUD FARMERS ASSOCIATION LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 08152077

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

  

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 4 
103
85

Cash at bank and in hand
  
31,415
30,929

  
31,518
31,014

Creditors: amounts falling due within one year
 5 
(4,477)
(4,371)

NET CURRENT ASSETS
  
 
 
27,041
 
 
26,643

  

NET ASSETS
  
27,041
26,643


CAPITAL AND RESERVES
  

Other reserves
 6 
11,850
11,850

Profit and loss account
 6 
15,191
14,793

  
27,041
26,643


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



B J Angus-Smith (Chairman)
Director

Date: 13 April 2025

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
NEWMARKET STUD FARMERS ASSOCIATION LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


GENERAL INFORMATION

Newmarket Stud Farmers Association Limited is a company limited by guarantee and incorporated in England and Wales. Its registered office is Edmondson Hall Solicitors, 25 Exeter Road, Newmarket, Suffolk, CB8 8AR . 
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover comprises income recognised by the company in respect of membership subscriptions and is recognised on receipt.

 
2.3

VALUATION OF INVESTMENTS

Current asset investments are measured at cost which is considered to be equal to market value.

 
2.4

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.


3.


EMPLOYEES

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Page 2

 
NEWMARKET STUD FARMERS ASSOCIATION LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


DEBTORS

2024
2023
£
£


Prepayments and accrued income
103
85



5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Corporation tax
64
27

Accruals and deferred income
4,413
4,344

4,477
4,371



6.


RESERVES

Other reserves

The funds held in other reserves are to be used as a "Fighting Fund". This money has been ringfenced to be used against a proposal for air traffic control stacking over the Newmarket area.

Profit and loss account

The funds held in the profit and loss account are avaliable for expenditure in accordance with the objects of the company.



7.


COMPANY STATUS

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1.00 towards the assets of the company in the event of liquidation.

 
Page 3