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REGISTERED NUMBER: 09537406 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2025

for

SF Equine Limited

SF Equine Limited (Registered number: 09537406)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SF Equine Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: Mr S A Franks





REGISTERED OFFICE: Wicklands Stud
Ockley Road
Forest Green
Surrey
RH5 5SQ





REGISTERED NUMBER: 09537406 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

SF Equine Limited (Registered number: 09537406)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,125 30,149

CURRENT ASSETS
Stocks 5 4,000 4,000
Debtors 6 6,374 21,384
Cash at bank 19,134 45,945
29,508 71,329
CREDITORS
Amounts falling due within one year 7 10,802 32,071
NET CURRENT ASSETS 18,706 39,258
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,831

69,407

CREDITORS
Amounts falling due after more than one
year

8

(14,565

)

(18,165

)

PROVISIONS FOR LIABILITIES 9 (8,740 ) (824 )
NET ASSETS 63,526 50,418

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 63,426 50,318
SHAREHOLDERS' FUNDS 63,526 50,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SF Equine Limited (Registered number: 09537406)

Balance Sheet - continued
31 March 2025


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 June 2025 and were signed by:





Mr S Franks - Director


SF Equine Limited (Registered number: 09537406)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

SF Equine 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.

Turnover
Turnover represent invoiced sales of goods and services.

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 - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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 AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

SF Equine Limited (Registered number: 09537406)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Leasehold Plant and Computer
improvements machinery equipment Totals
£    £    £    £   
COST
At 1 April 2024 36,875 32,980 1,548 71,403
Additions - 57,500 - 57,500
At 31 March 2025 36,875 90,480 1,548 128,903
DEPRECIATION
At 1 April 2024 11,062 28,644 1,548 41,254
Charge for year 3,688 15,836 - 19,524
At 31 March 2025 14,750 44,480 1,548 60,778
NET BOOK VALUE
At 31 March 2025 22,125 46,000 - 68,125
At 31 March 2024 25,813 4,336 - 30,149

5. STOCKS
2025 2024
£    £   
Stocks 4,000 4,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 4,845 19,077
Other debtors 750 750
Prepayments 779 1,557
6,374 21,384

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other loans 3,600 3,600
Trade creditors - 17,225
Tax (3,828 ) 4,931
Directors' current accounts 9,920 5,235
Accrued expenses 1,110 1,080
10,802 32,071

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Other loans - 1-2 years 3,600 3,600
Other loans - 2-5 years 10,965 14,565
14,565 18,165

SF Equine Limited (Registered number: 09537406)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

9. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 8,740 824

Deferred
tax
£   
Balance at 1 April 2024 824
Accelerated capital allowances 7,916
Balance at 31 March 2025 8,740

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £500 (2024 - £1,000) were paid to the director .

Mr S Franks
A director

At the balance sheet date the company owed its director £9,920 (2024: £5,235).

Steven Franks & Karen Guest Partnership
A partnership in which Mr Franks is a partner

During the period under review the partnership charged the limited company £7,200 (2024: £7,200) for the use of the facilities. The limited company charged the partnership £3,000 (2024: £3,000) for costs incurred on its behalf.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S Franks, the director of the company, by virtue of his 100% shareholding.