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REGISTERED NUMBER: 05701946 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2025

for

Murton Equestrian Centre Limited

Murton Equestrian Centre Limited (Registered number: 05701946)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Murton Equestrian Centre Limited

Company Information
for the Year Ended 28 February 2025







DIRECTORS: Mrs L Belbin
D Belbin
Miss C Belbin





REGISTERED OFFICE: 29 Howard Street
North Shields
Tyne and Wear
NE30 1AR





REGISTERED NUMBER: 05701946 (England and Wales)





ACCOUNTANTS: Essell Accountants Limited
29 Howard Street
North Shields
Tyne and Wear
NE30 1AR

Murton Equestrian Centre Limited (Registered number: 05701946)

Balance Sheet
28 February 2025

28/2/25 29/2/24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 131,493 137,808

CURRENT ASSETS
Stocks 59,975 78,043
Debtors 5 5,865 4,973
Cash at bank and in hand 1,519 5,357
67,359 88,373
CREDITORS
Amounts falling due within one year 6 8,631 8,110
NET CURRENT ASSETS 58,728 80,263
TOTAL ASSETS LESS CURRENT
LIABILITIES

190,221

218,071

CREDITORS
Amounts falling due after more than one
year

7

207,282

217,838
NET (LIABILITIES)/ASSETS (17,061 ) 233

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (17,063 ) 231
SHAREHOLDERS' FUNDS (17,061 ) 233

Murton Equestrian Centre Limited (Registered number: 05701946)

Balance Sheet - continued
28 February 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





Mrs L Belbin - Director


Murton Equestrian Centre Limited (Registered number: 05701946)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Murton Equestrian Centre Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Goods for resale : purchase cost on a first in, first out basis.

Net realisable value is based on estimated selling price less any further costs
expected to be incurred on disposal.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 10 ) .

Murton Equestrian Centre Limited (Registered number: 05701946)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2024 283,393
Additions 10,892
At 28 February 2025 294,285
DEPRECIATION
At 1 March 2024 145,585
Charge for year 17,207
At 28 February 2025 162,792
NET BOOK VALUE
At 28 February 2025 131,493
At 29 February 2024 137,808

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/25 29/2/24
£    £   
Trade debtors 5,865 4,973

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/25 29/2/24
£    £   
Taxation and social security 6,538 4,326
Other creditors 2,093 3,784
8,631 8,110

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/25 29/2/24
£    £   
Bank loans 15,500 26,700
Other creditors 191,782 191,138
207,282 217,838