IRIS Accounts Production v25.1.0.734 01816964 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh018169642023-12-31018169642024-12-31018169642024-01-012024-12-31018169642022-12-31018169642023-01-012023-12-31018169642023-12-3101816964ns15:EnglandWales2024-01-012024-12-3101816964ns14:PoundSterling2024-01-012024-12-3101816964ns10:Director12024-01-012024-12-3101816964ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3101816964ns10:SmallEntities2024-01-012024-12-3101816964ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3101816964ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3101816964ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3101816964ns10:FullAccounts2024-01-012024-12-3101816964ns10:Director22024-01-012024-12-3101816964ns10:RegisteredOffice2024-01-012024-12-3101816964ns5:CurrentFinancialInstruments2024-12-3101816964ns5:CurrentFinancialInstruments2023-12-3101816964ns5:Non-currentFinancialInstruments2024-12-3101816964ns5:Non-currentFinancialInstruments2023-12-3101816964ns5:ShareCapital2024-12-3101816964ns5:ShareCapital2023-12-3101816964ns5:RetainedEarningsAccumulatedLosses2024-12-3101816964ns5:RetainedEarningsAccumulatedLosses2023-12-3101816964ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-01-012024-12-3101816964ns5:PlantMachinery2024-01-012024-12-3101816964ns5:MotorVehicles2024-01-012024-12-3101816964ns5:LandBuildings2023-12-3101816964ns5:PlantMachinery2023-12-3101816964ns5:MotorVehicles2023-12-3101816964ns5:LandBuildings2024-01-012024-12-3101816964ns5:LandBuildings2024-12-3101816964ns5:PlantMachinery2024-12-3101816964ns5:MotorVehicles2024-12-3101816964ns5:LandBuildings2023-12-3101816964ns5:PlantMachinery2023-12-3101816964ns5:MotorVehicles2023-12-3101816964ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-012024-12-3101816964ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-12-3101816964ns5:AdditionsToInvestments2024-12-3101816964ns5:RevaluationsIncreaseDecreaseInInvestments2024-12-3101816964ns5:CostValuation2024-12-3101816964ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3101816964ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3101816964ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-12-3101816964ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-12-3101816964ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-12-3101816964ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3101816964ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-12-3101816964ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-3101816964ns5:Secured2024-12-3101816964ns5:Secured2023-12-31
REGISTERED NUMBER: 01816964 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Beckhampton Stables Ltd

Beckhampton Stables Ltd (Registered number: 01816964)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Beckhampton Stables Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R Charlton
H J Charlton





REGISTERED OFFICE: Beckhampton House
Beckhampton
Marlborough
Wiltshire
SN8 1QR





REGISTERED NUMBER: 01816964 (England and Wales)





ACCOUNTANTS: Morley & Co (UK) Ltd
Chartered Certified Accountants,
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY

Beckhampton Stables Ltd (Registered number: 01816964)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,256,041 1,244,556
Investments 5 523 -
1,256,564 1,244,556

CURRENT ASSETS
Stocks 6 109,851 272,320
Debtors 7 969,309 983,815
Cash at bank and in hand 374,139 516,183
1,453,299 1,772,318
CREDITORS
Amounts falling due within one year 8 366,747 724,389
NET CURRENT ASSETS 1,086,552 1,047,929
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,343,116

2,292,485

CREDITORS
Amounts falling due after more than one
year

9

(236,724

)

(241,802

)

PROVISIONS FOR LIABILITIES (38,286 ) (17,534 )
NET ASSETS 2,068,106 2,033,149

Beckhampton Stables Ltd (Registered number: 01816964)

Balance Sheet - continued
31 December 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,067,106 2,032,149
2,068,106 2,033,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by:





H J Charlton - Director


Beckhampton Stables Ltd (Registered number: 01816964)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Beckhampton Stables Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is sown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably it is provable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Investments
Equity investments are recognised initially at fair value which is normally the transaction price (but excludes any transaction costs,where the investment is subsequently measured at fair value through profit and loss). Subsequently, they are measured at fair value through profit or loss except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably which are recognised at cost less impairment until a reliable measure of fair value becomes available. If a reliable measure of fair value is no longer available, the equity instrument’s fair value on the last date the instrument was reliably measurable is treated as the cost of the instrument.

Beckhampton Stables Ltd (Registered number: 01816964)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each line of stock to its present location and condition, as follows:

Bloodstock
Bloodstock represents animals purchased by the company for breeding and or re-sale and are stated at the lower of cost and net realisable value. Net realisable value is based on estimated selling price less any further costs expected to be incurred to disposal.

Deadstock
Consumables used in the operating of the company's trade are stated at the lower of cost, on a first-in first-out basis, and net realisable value. As dead stock is for internal consumption and not re-sale, net realisable value is determined to be original cost unless the deadstock is considered to be unusable.

Financial instruments
Basic financial instruments, including trade and other receivables, trade and other payables, cash and bank balances, bank loans and loans to/from the company are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Beckhampton Stables Ltd (Registered number: 01816964)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. The assets of the scheme are held separately from those of the company in an independently administered fund.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in her period in which the employee's services are received.

Termination benefits are recognised immediately as an expenses when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2023 - 42 ) .

Beckhampton Stables Ltd (Registered number: 01816964)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2024 1,419,693 88,607 145,156 1,653,456
Additions - 1,327 73,910 75,237
Disposals - - (57,500 ) (57,500 )
At 31 December 2024 1,419,693 89,934 161,566 1,671,193
DEPRECIATION
At 1 January 2024 223,301 84,288 101,311 408,900
Charge for year 28,395 1,309 23,267 52,971
Eliminated on disposal - - (46,719 ) (46,719 )
At 31 December 2024 251,696 85,597 77,859 415,152
NET BOOK VALUE
At 31 December 2024 1,167,997 4,337 83,707 1,256,041
At 31 December 2023 1,196,392 4,319 43,845 1,244,556

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 71,410
At 31 December 2024 71,410
DEPRECIATION
Charge for year 10,414
At 31 December 2024 10,414
NET BOOK VALUE
At 31 December 2024 60,996

Beckhampton Stables Ltd (Registered number: 01816964)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 505
Revaluations 18
At 31 December 2024 523
NET BOOK VALUE
At 31 December 2024 523


6. STOCKS
2024 2023
£    £   
Bloodstock 101,851 264,320
Deadstock 8,000 8,000
109,851 272,320

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 245,088 305,582
Other debtors 670,462 616,957
Directors' current accounts 22,025 -
Tax - 10,742
Prepayments and accrued income 31,734 50,534
969,309 983,815

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,668 18,812
Hire purchase contracts 9,492 -
Trade creditors 138,873 522,376
Tax 13,080 -
Social security and other taxes 21,294 25,988
VAT 79,958 45,483
Other creditors 2,984 70,688
Directors' current accounts - 23,311
Accruals and deferred income 82,398 17,731
366,747 724,389

Beckhampton Stables Ltd (Registered number: 01816964)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 18,668 18,812
Bank loans - 2-5 years 69,494 69,494
Bank loans more than 5 years 135,115 153,496
Hire purchase contracts 13,447 -
236,724 241,802

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 135,115 153,496

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 241,945 260,614

The bank loan is secured by the first legal mortgage charged over the freehold property to which it relates, as well as agreement to postpone repayment of indebtedness owing by Beckhampton Stables Limited to R Charlton given to those parties with a limitation of £50,000.