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Hobby Horse Limited
Registered Number:04309532
For the year ended 29 September 2024
England and Wales
Report of the Director and Unaudited Financial Statements
2
For the year ended 29 September 2024
Hobby Horse Limited
Contents Page
Company Information
1
2
Director's Report
3
Chartered Accountants' Report
4
Income Statement
5
Statement of Financial Position
6 to 8
Notes to the Financial Statements
3
For the year ended 29 September 2024
Hobby Horse Limited
Company Information
Mrs R L Edgeler
Director
Mrs R L Edgeler
Company Secretary
04309532
Registered Number
Pilgrim House
Registered Office
Oxford Place
Plymouth
PL1 5AJ
Turnbull & Co Accountants Limited
Accountants
Chartered Accountants
Pilgrim House
Oxford Place
Plymouth
PL1 5AJ
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4
For the year ended 29 September 2024
Hobby Horse Limited
Director's Report
The director presents her report and financial statements for the year ended 29 September 2024.
Principal activities
The principal activity of the company is that of supplying consulting services and the supply of teaching to primary schools. Directors Responsibilities Company law requires the directors to prepare financial statements for each financial year which give a true and fair view. In preparing those financial statements, the directors are required to: Select suitable accounting policies and then apply them on a consistent basis, making judgements and estimates that are prudent and reasonable; State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; Prepare the financial statements on the going concern basis unless it is not appropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records, for safeguarding the assets of the company, and for taking reasonable steps for the prevention and detection of fraud and other irregularitites.
Director
The director who served the company throughout the year was as follows:
Mrs R L Edgeler
Mrs R L Edgeler
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
23 June 2025
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5
For the year ended 29 September 2024
Hobby Horse Limited
Chartered Accountants' Report
Chartered Accountants' report to the Director on the preparation of the unaudited statutory accounts of Hobby
Horse Limited for the year ended 29 September 2024
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts
of Hobby Horse Limited for the year ended 29 September 2024 which comprise the Income Statement, the Statement
of Financial Position and the related notes from the company's accounting records and from information and
explanations you have given us.
As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its
ethical and other professional requirements which are detailed at
icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Hobby Horse Limited, as a body, in accordance with the terms
of our engagement letter dated 19 May 2022. Our work has been undertaken solely to prepare for your approval the
accounts of Hobby Horse Limited and state those matters that we have agreed to state to the Board of Directors of
Hobby Horse Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest
extent permitted by law, we do not accept or assume responsibility to anyone other than Hobby Horse Limited and its
Board of Directors as a body for our work or for this report.
It is your duty to ensure that Hobby Horse Limited has kept adequate accounting records to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and loss of Hobby Horse Limited. You
consider that Hobby Horse Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Hobby Horse Limited. For this reason,
we have not verified the accuracy or completeness of the accounting records or information and explanations you
have given to us and we do not, therefore, express any opinion on the statutory accounts.
Turnbull & Co Accountants Limited
Chartered Accountants
Pilgrim House
Oxford Place
Plymouth
PL1 5AJ
Date:
23 June 2025
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6
For the year ended 29 September 2024
Hobby Horse Limited
Income Statement
2023
£
2024
£
Turnover
-
-
-
Gross profit
-
-
-
Profit before taxation
-
Profit for the financial year
-
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7
Registered Number :
04309532
As at 29 September 2024
Hobby Horse Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1,687
1,687
2
1,687
1,687
Current assets
Trade and other receivables
405
405
3
19
Cash and cash equivalents
19
424
424
Trade and other payables: amounts falling due within one
year
(98,887)
(98,887)
4
(98,463)
(98,463)
Net current liabilities
Total assets less current liabilities
(96,776)
(96,776)
Trade and other payables: amounts falling due after more
than one year
(32,163)
(32,163)
5
(128,939)
Net liabilities
(128,939)
Capital and reserves
Called up share capital
100
100
Retained earnings
(129,039)
(129,039)
(128,939)
(128,939)
Shareholders' funds
For the year ended 29 September 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section
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 in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs R L Edgeler
These financial statements were approved and authorised for issue by the Board on 23 June 2025 and were signed by:
The notes form part of these financial statements
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For the year ended 29 September 2024
Hobby Horse Limited
Notes to the Financial Statements
Statutory Information
Hobby Horse Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04309532.
Principal place of business:
32 Pisces Place
Sherford
Plymouth
Devon
PL9 8FY
Registered address:
Pilgrim House
Oxford Place
Plymouth
PL1 5AJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company.
Property, plant and equipment
Tangible fixed assets are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
Going Concern
Since the Covid 19 pandemic and the restrictions on visitors to settings, there have not been any sales. The director
is hoping that this position will change now that the restrictions have lifted. This, together with the support of the
family, leads the director to believe that the company will have sufficient funds to ensure it can meet its financial
liabilities as and when they fall due, for a period of a least 12 months from the date of signing the financial
statements and therefore the accounts have been prepared on a going concern basis.
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9
For the year ended 29 September 2024
Hobby Horse Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Plant and
machinery
£
Cost or
valuation
At 30 September 2023
10,159
At 29 September 2024
10,159
Provision for depreciation and impairment
At 30 September 2023
8,472
At 29 September 2024
8,472
At 29 September 2024
Net book value
1,687
At 29 September 2023
1,687
3. Trade and other receivables
2023
2024
£
£
Other debtors
405
405
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
6,417
6,417
Taxation and social security
405
405
Other creditors
92,065
92,065
98,887
98,887
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
32,163
32,163
The bank hold a legal charge over the assets of the company.
6. Related party transactions
The company is under the effective control of its director.
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10
For the year ended 29 September 2024
Hobby Horse Limited
Notes to the Financial Statements Continued
7. Directors advances and guarantees
At 30/09/2023
At 29/09/2024
£
£
Mrs R L Edgeler
Loan from director
5,705
5,705
5,705
5,705
8. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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