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REGISTERED NUMBER: 09809025 (England and Wales)








































Hay Farm Heavy Horse Centre Limited

Unaudited Financial Statements

for the year ended

30th September 2024






Hay Farm Heavy Horse Centre Limited (Registered number: 09809025)






Contents of the Financial Statements
for the year ended 30th September 2024




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


Hay Farm Heavy Horse Centre Limited

Company Information
for the year ended 30th September 2024







Directors: Mrs V B Cockburn
D Cockburn
Miss A Cockburn
J A Kirsop





Registered office: Hay Farm Steading
Crookham
Cornhill On Tweed
Northumberland
TD12 4TR





Registered number: 09809025 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Hay Farm Heavy Horse Centre Limited (Registered number: 09809025)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 57,155 64,100

Current assets
Stocks 5,500 5,500
Debtors 5 1,381 7,412
Cash at bank and in hand 20,470 17,278
27,351 30,190
Creditors
Amounts falling due within one year 6 68,110 45,203
Net current liabilities (40,759 ) (15,013 )
Total assets less current liabilities 16,396 49,087

Creditors
Amounts falling due after more than one
year

7

(2,249

)

(5,249

)

Provisions for liabilities (4,045 ) (9,633 )
Net assets 10,102 34,205

Reserves
Income and expenditure account 10,102 34,205
10,102 34,205

Hay Farm Heavy Horse Centre Limited (Registered number: 09809025)

Balance Sheet - continued
30th September 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 surplus or deficit 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 3rd June 2025 and were signed on its behalf by:





Mrs V B Cockburn - Director


Hay Farm Heavy Horse Centre Limited (Registered number: 09809025)

Notes to the Financial Statements
for the year ended 30th September 2024

1. Statutory information

Hay Farm Heavy Horse Centre Limited is a private company, limited by guarantee , 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - at variable rates on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks
Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans,accruals, directors' loan and other loan.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors, accruals, trade creditors and other loan are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.


Hay Farm Heavy Horse Centre Limited (Registered number: 09809025)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

2. Accounting policies - continued
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.

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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The directors are considering the future of the company and it may be restructured and/or wound up at some future date. For now the company continues to operate as usual and accordingly the directors continue to prepare these financial statements on a going concern basis.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 4 ) .

Hay Farm Heavy Horse Centre Limited (Registered number: 09809025)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

4. Tangible fixed assets
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
Cost
At 1st October 2023 14,086 99,392 24,197
Additions - 450 305
At 30th September 2024 14,086 99,842 24,502
Depreciation
At 1st October 2023 687 66,648 9,838
Charge for year 282 5,240 2,043
At 30th September 2024 969 71,888 11,881
Net book value
At 30th September 2024 13,117 27,954 12,621
At 30th September 2023 13,399 32,744 14,359

Motor Office
vehicles equipment Totals
£    £    £   
Cost
At 1st October 2023 4,900 3,449 146,024
Additions - 770 1,525
At 30th September 2024 4,900 4,219 147,549
Depreciation
At 1st October 2023 2,321 2,430 81,924
Charge for year 645 260 8,470
At 30th September 2024 2,966 2,690 90,394
Net book value
At 30th September 2024 1,934 1,529 57,155
At 30th September 2023 2,579 1,019 64,100

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 1,381 1,345
Other debtors - 6,067
1,381 7,412

Hay Farm Heavy Horse Centre Limited (Registered number: 09809025)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 3,000 3,414
Trade creditors 6,630 (127 )
Taxation and social security 5,125 -
Other creditors 53,355 41,916
68,110 45,203

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 2,249 5,249

8. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30th September 2024 and 30th September 2023:

20242023
££
Director 1
Balance outstanding at start of year6,06712,082
Amounts advanced21,950
Amounts repaid(6,067)(27,965)
Balance outstanding at end of year-6,067



This loan is unsecured, interest free and repayable on demand.