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Registration number: 12195984

West Moor Farm Equestrian Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2024

 

West Moor Farm Equestrian Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

West Moor Farm Equestrian Ltd

Company Information

Director

T A E Hepper

Registered office

West Moor Farm
Longhorsley
Northumberland
NE65 8QX

Accountants

McManus Hall Ltd C11 Marquis Court
Team Valley
Gateshead
Tyne and Wear
NE11 0RU

 

West Moor Farm Equestrian Ltd

(Registration number: 12195984)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

44,418

23,223

Current assets

 

Debtors

5

1,816

4,803

Cash at bank and in hand

 

1,738

2,421

 

3,554

7,224

Prepayments and accrued income

 

1,466

1,325

Creditors: Amounts falling due within one year

(24,364)

(14,425)

Net current liabilities

 

(19,344)

(5,876)

Total assets less current liabilities

 

25,074

17,347

Creditors: Amounts falling due after more than one year

(21,740)

(11,346)

Accruals and deferred income

 

(900)

(1,800)

Net assets

 

2,434

4,201

Capital and reserves

 

Called up share capital

2

2

Retained earnings

2,432

4,199

Shareholders' funds

 

2,434

4,201

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

West Moor Farm Equestrian Ltd

(Registration number: 12195984)
Abridged Balance Sheet as at 30 September 2024

Approved and authorised by the director on 24 June 2025
 

.........................................

T A E Hepper

Director

 

West Moor Farm Equestrian Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
West Moor Farm
Longhorsley
Northumberland
NE65 8QX
England

These financial statements were authorised for issue by the director on 24 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

West Moor Farm Equestrian Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Asset class

Depreciation method and rate

Plant and Machinery

20% reducing balance

Office Equipment

25% straight line

Motor Vehicles

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

West Moor Farm Equestrian Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2023

1,518

24,582

9,406

35,506

Additions

-

-

32,584

32,584

At 30 September 2024

1,518

24,582

41,990

68,090

Depreciation

At 1 October 2023

759

6,883

4,641

12,283

Charge for the year

379

3,540

7,470

11,389

At 30 September 2024

1,138

10,423

12,111

23,672

Carrying amount

At 30 September 2024

380

14,159

29,879

44,418

At 30 September 2023

759

17,699

4,765

23,223

5

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.