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REGISTERED NUMBER: 14470908 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

NEWBOLD VERDON EQUESTRIAN CENTRE LIMITED

NEWBOLD VERDON EQUESTRIAN CENTRE LIMITED (REGISTERED NUMBER: 14470908)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEWBOLD VERDON EQUESTRIAN CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: M B Bates
Mrs S A Bates





REGISTERED OFFICE: Fields Farm
Barlestone Road
Newbold Verdon
Leicestershire
LE9 9NE





REGISTERED NUMBER: 14470908 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

NEWBOLD VERDON EQUESTRIAN CENTRE LIMITED (REGISTERED NUMBER: 14470908)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
as restated
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 240,000 270,000
Tangible assets 5 109,222 126,737
349,222 396,737

CURRENT ASSETS
Stocks 3,046 4,579
Debtors 6 28,909 22,600
Cash at bank and in hand 7,033 8,227
38,988 35,406
CREDITORS
Amounts falling due within one year 7 387,419 423,448
NET CURRENT LIABILITIES (348,431 ) (388,042 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

791

8,695

CREDITORS
Amounts falling due after more than one
year

8

-

3,194
NET ASSETS 791 5,501

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 691 5,401
791 5,501

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 profit or loss 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.

NEWBOLD VERDON EQUESTRIAN CENTRE LIMITED (REGISTERED NUMBER: 14470908)

BALANCE SHEET - continued
30 NOVEMBER 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 April 2025 and were signed on its behalf by:





M B Bates - Director


NEWBOLD VERDON EQUESTRIAN CENTRE LIMITED (REGISTERED NUMBER: 14470908)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Newbold Verdon Equestrian Centre Limited is a private company, limited by shares , 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.

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery 15% reducing balance
Motor vehicles 15% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


NEWBOLD VERDON EQUESTRIAN CENTRE LIMITED (REGISTERED NUMBER: 14470908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES

The average number of employees during the year was 9 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 300,000
AMORTISATION
At 1 December 2023 30,000
Charge for year 30,000
At 30 November 2024 60,000
NET BOOK VALUE
At 30 November 2024 240,000
At 30 November 2023 270,000

NEWBOLD VERDON EQUESTRIAN CENTRE LIMITED (REGISTERED NUMBER: 14470908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2023 130,960 16,972 147,932
Additions 300 - 300
At 30 November 2024 131,260 16,972 148,232
DEPRECIATION
At 1 December 2023 18,649 2,546 21,195
Charge for year 15,651 2,164 17,815
At 30 November 2024 34,300 4,710 39,010
NET BOOK VALUE
At 30 November 2024 96,960 12,262 109,222
At 30 November 2023 112,311 14,426 126,737

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 24,096 22,600
Other debtors 4,813 -
28,909 22,600

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Hire purchase contracts 3,098 3,766
Trade creditors 5,401 558
Taxation and social security 31,543 22,943
Other creditors 347,377 396,181
387,419 423,448

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Hire purchase contracts - 3,194

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount owing to the directors of £317,184. There are no fixed repayment terms and no interest is payable during the year.