BrightAccountsProduction v1.0.0 v1.0.0 2023-10-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the trade of show jumping horses. 26 April 2025 0 0 NI633345 2024-09-30 NI633345 2023-09-30 NI633345 2022-09-30 NI633345 2023-10-01 2024-09-30 NI633345 2022-10-01 2023-09-30 NI633345 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI633345 uk-curr:PoundSterling 2023-10-01 2024-09-30 NI633345 uk-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI633345 uk-bus:FullAccounts 2023-10-01 2024-09-30 NI633345 uk-core:ShareCapital 2024-09-30 NI633345 uk-core:ShareCapital 2023-09-30 NI633345 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI633345 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 NI633345 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-09-30 NI633345 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 NI633345 uk-bus:FRS102 2023-10-01 2024-09-30 NI633345 uk-core:Land 2023-10-01 2024-09-30 NI633345 uk-core:PlantMachinery 2023-10-01 2024-09-30 NI633345 uk-core:CurrentFinancialInstruments 2024-09-30 NI633345 uk-core:CurrentFinancialInstruments 2023-09-30 NI633345 uk-core:CurrentFinancialInstruments 2024-09-30 NI633345 uk-core:CurrentFinancialInstruments 2023-09-30 NI633345 uk-core:WithinOneYear 2024-09-30 NI633345 uk-core:WithinOneYear 2023-09-30 NI633345 uk-core:WithinOneYear 2024-09-30 NI633345 uk-core:WithinOneYear 2023-09-30 NI633345 uk-core:AfterOneYear 2024-09-30 NI633345 uk-core:AfterOneYear 2023-09-30 NI633345 uk-core:AfterOneYear 2024-09-30 NI633345 uk-core:AfterOneYear 2023-09-30 NI633345 uk-core:BetweenOneFiveYears 2024-09-30 NI633345 uk-core:BetweenOneFiveYears 2023-09-30 NI633345 uk-core:OtherMiscellaneousReserve 2023-09-30 NI633345 uk-core:OtherMiscellaneousReserve 2023-10-01 2024-09-30 NI633345 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-09-30 NI633345 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-09-30 NI633345 uk-core:OtherDeferredTax 2024-09-30 NI633345 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-09-30 NI633345 uk-core:OtherMiscellaneousReserve 2024-09-30 NI633345 uk-core:ParentEntities 2023-10-01 2024-09-30 NI633345 uk-countries:NorthernIreland 2023-10-01 2024-09-30 NI633345 uk-bus:Director1 2023-10-01 2024-09-30 NI633345 uk-bus:Director2 2023-10-01 2024-09-30 NI633345 uk-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
Company Registration Number: NI633345
 
 
Marble Arch Equine Ltd
 
Unaudited Financial Statements
 
for the financial year ended 30 September 2024
Marble Arch Equine Ltd
Company Registration Number: NI633345
BALANCE SHEET
as at 30 September 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 5 337,984 347,448
───────── ─────────
 
Current Assets
Stocks 6 215,250 207,750
Debtors 7 33,954 36,243
Cash and cash equivalents 872 843
───────── ─────────
250,076 244,836
───────── ─────────
Creditors: amounts falling due within one year 8 (19,256) (8,956)
───────── ─────────
Net Current Assets 230,820 235,880
───────── ─────────
Total Assets less Current Liabilities 568,804 583,328
 
Creditors:
amounts falling due after more than one year 9 (683,027) (642,718)
 
Provisions for liabilities 10 (11,754) (10,947)
───────── ─────────
Net Liabilities (125,977) (70,337)
═════════ ═════════
 
Capital and Reserves
Called up share capital 300,000 300,000
Retained earnings (425,977) (370,337)
───────── ─────────
Equity attributable to owners of the company (125,977) (70,337)
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 26 April 2025 and signed on its behalf by
           
           
________________________________          
Bernard Conlon          
Director          
           
           
________________________________
Orla Conlon
Director
           



Marble Arch Equine Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2024

   
1. General Information
 
Marble Arch Equine Ltd is a company limited by shares incorporated in Northern Ireland. , Northern Ireland is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 September 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Long leasehold property - NIL
  Plant and machinery - 20% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Going concern
 
The balance sheet shows a deficiency of assets on a historical cost basis of £125,977. As the deficiency has been created by the existence of loans from group companies, which are not repayable in the foreseeable future, it is considered that the preparation of the accounts on a going concern basis is appropriate.
       
4. Employees
 
The average monthly number of employees, including directors, during the financial year was 0, (2023 - 0).
         
5. Tangible assets
  Long Plant and Total
  leasehold machinery  
  property    
  £ £ £
Cost
At 1 October 2023 276,122 117,659 393,781
Additions - 6,001 6,001
  ───────── ───────── ─────────
At 30 September 2024 276,122 123,660 399,782
  ───────── ───────── ─────────
Depreciation
At 1 October 2023 - 46,333 46,333
Charge for the financial year - 15,465 15,465
  ───────── ───────── ─────────
At 30 September 2024 - 61,798 61,798
  ───────── ───────── ─────────
Net book value
At 30 September 2024 276,122 61,862 337,984
  ═════════ ═════════ ═════════
At 30 September 2023 276,122 71,326 347,448
  ═════════ ═════════ ═════════
       
6. Stocks 2024 2023
  £ £
 
Finished goods and goods for resale 215,250 207,750
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
7. Debtors 2024 2023
  £ £
 
Amounts owed by group undertakings 32,264 34,432
Taxation 1,690 1,811
  ───────── ─────────
  33,954 36,243
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due within one year £ £
 
Net obligations under finance leases
and hire purchase contracts 6,494 7,324
Trade creditors 12,037 907
Accruals 725 725
  ───────── ─────────
  19,256 8,956
  ═════════ ═════════
       
9. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Finance leases and hire purchase contracts 20,380 24,759
Amounts owed to group undertakings 662,647 617,959
  ───────── ─────────
  683,027 642,718
  ═════════ ═════════
 
 
Net obligations under finance leases
and hire purchase contracts
Repayable within one year 6,494 7,324
Repayable between one and five years 20,380 24,759
  ───────── ─────────
  26,874 32,083
  ═════════ ═════════
           
10. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Losses Total Total
  allowances      
         
      2024 2023
  £ £ £ £
 
At financial year start 13,552 (2,605) 10,947 4,685
Charged to profit and loss (1,798) 2,605 807 6,262
  ───────── ───────── ───────── ─────────
At financial year end 11,754 - 11,754 10,947
  ═════════ ═════════ ═════════ ═════════
           
11. Related party transactions
The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.
   
12. Parent company
 
The company regards Marble Arch Enterprises Ltd as its parent company.
 
   
13. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.