Bermuda Bloodstock Limited 13757913 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is the breeding of thoroughbred horses. Digita Accounts Production Advanced 6.30.9574.0 true false true 13757913 2024-01-01 2024-12-31 13757913 2024-12-31 13757913 core:CurrentFinancialInstruments 2024-12-31 13757913 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 13757913 bus:SmallEntities 2024-01-01 2024-12-31 13757913 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13757913 bus:FilletedAccounts 2024-01-01 2024-12-31 13757913 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13757913 bus:RegisteredOffice 2024-01-01 2024-12-31 13757913 bus:Director3 2024-01-01 2024-12-31 13757913 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13757913 1 2024-01-01 2024-12-31 13757913 countries:EnglandWales 2024-01-01 2024-12-31 13757913 2023-01-01 2023-12-31 13757913 2023-12-31 13757913 core:CurrentFinancialInstruments 2023-12-31 13757913 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 13757913

Bermuda Bloodstock Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Bermuda Bloodstock Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Bermuda Bloodstock Limited

(Registration number: 13757913)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

610,289

1,192,729

Debtors

5

12,742

294,750

Cash at bank and in hand

 

4,131

3,857

 

627,162

1,491,336

Creditors: Amounts falling due within one year

6

(2,667,540)

(2,795,238)

Net liabilities

 

(2,040,378)

(1,303,902)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(2,040,379)

(1,303,903)

Shareholders' deficit

 

(2,040,378)

(1,303,902)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 June 2025 and signed on its behalf by:
 

.........................................
J Mathias
Director

 

Bermuda Bloodstock Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
Suite I Windrush Court
Abingdon Business Park
Abingdon
Oxfordshire
OX14 1SY
United Kingdom

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 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 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.

Going concern

The company is reliant on the financial support of it's parent company Bermuda Racing Ltd to remain in operational existence. The directors of Bermuda Racing Ltd have confirmed their intention to provide financial support to enable the company to settle it's liabilites as they fall due and the accounts have therefore been prepared on the going concern basis which assumes that this will be the case.

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.

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.

Debtors

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

Bloodstock

Bloodstock is stated at the lower of cost and market value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

 

Bermuda Bloodstock Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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 directors) during the year, was 3 (2023 - 3).

4

Bloodstock

2024
£

2023
£

Bloodstock

610,289

1,192,729

5

Debtors

2024
£

2023
£

Trade debtors

2,760

-

Prepayments

2,417

2,542

Other debtors

7,565

292,208

12,742

294,750

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

33,564

22,524

Amounts owed to parent company

2,627,476

2,766,214

Accruals

6,500

6,500

2,667,540

2,795,238

7

Parent and ultimate parent undertaking

The company's immediate parent is Bermuda Racing Ltd, incorporated in Bermuda.