Registration number:
Torch Farm & Equine Holdings Limited
for the Year Ended 31 December 2024
Torch Farm & Equine Holdings Limited
Contents
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Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
Torch Farm & Equine Holdings Limited
(Registration number: 12531834)
Abridged Balance Sheet as at 31 December 2024
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2024 |
2023 |
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Fixed assets |
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Investments |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Capital redemption reserve |
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- |
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Other reserves |
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Profit and loss account |
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- |
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Total equity |
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For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
Mr NP Roper
Director
Mr PJ Jarvis
Director
Miss R Cavill
Director
Mrs J R Rodliff
Director
Torch Farm & Equine Holdings Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Statement of compliance
These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Investments
Investments in equity shares where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Torch Farm & Equine Holdings Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024
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Investments |
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Total |
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Cost or valuation |
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At 1 January 2024 |
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Carrying amount |
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At 31 December 2024 |
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At 31 December 2023 |
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Related party transactions |
Summary of transactions with all subsidiaries
Included within other creditors is a loan from Torch Farm and Equine Limited for £212,984 (2023 - £1,712,984) which is a subsidiary of Torch Farm & Equine Holdings Limited.
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Repurchase of own shares |
During the financial year, the company repurchased 4704 of its own ordinary shares and 4704 of its ordinary 'B' shares, for a total consideration of £632,553.
The shares were repurchased in accordance with a resolution passed by the shareholders on 26/10/24.