WHITELEAF EQUESTRIAN & AGRICULTURAL CENTRES COMMUNITY INTEREST COMPANY

Company Registration Number:
07582748 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

WHITELEAF EQUESTRIAN & AGRICULTURAL CENTRES COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

WHITELEAF EQUESTRIAN & AGRICULTURAL CENTRES COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 March 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 74,669 79,869
Total fixed assets: 74,669 79,869
Current assets
Debtors: 4 1,045 934
Cash at bank and in hand: 2,192 4,585
Total current assets: 3,237 5,519
Creditors: amounts falling due within one year: 5 ( 85,417 ) ( 54,006 )
Net current assets (liabilities): (82,180) (48,487)
Total assets less current liabilities: (7,511) 31,382
Creditors: amounts falling due after more than one year: 6 ( 543,080 ) ( 503,981 )
Total net assets (liabilities): (550,591) (472,599)
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: (551,591 ) (473,599 )
Total Shareholders' funds: ( 550,591 ) (472,599)

The notes form part of these financial statements

WHITELEAF EQUESTRIAN & AGRICULTURAL CENTRES COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 1 July 2025
and signed on behalf of the board by:

Name: Mrs Brenda Tyler
Status: Director

The notes form part of these financial statements

WHITELEAF EQUESTRIAN & AGRICULTURAL CENTRES COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue in respect of services performed from livery and riding lessons are recognised when the company obtains the right to the consideration. Revenue from educational courses and pony clubs is recognised in the period to which it relates. Cafe and shop sales are accounted for on a receipts basis.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and buildings - 2% on cost Plant and equipment - 25% on reducing balance Fixtures and fittings - 25% on reducing balance Computer equipment - 25% on cost Livestock - 25% on reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

    Other accounting policies

    Financial instruments: The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets , which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Taxation: The tax expense represents the sum of the tax currently payable and deferred tax. Current tax: The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that been enacted or substantively enacted by the reporting end date. Deferred tax: Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority. Employee benefits: The costs of short-term employee benefits are recognised as a liability and expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. Retirement benefits: Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Leases: Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

WHITELEAF EQUESTRIAN & AGRICULTURAL CENTRES COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 2 3

WHITELEAF EQUESTRIAN & AGRICULTURAL CENTRES COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2024 53,753 10,275 1,207 1,065 53,906 120,206
Additions 3,750 3,750
Disposals ( 593 ) ( 242 ) ( 300 ) ( 1,135 )
Revaluations
Transfers
At 31 March 2025 53,753 13,432 965 765 53,906 122,821
Depreciation
At 1 April 2024 3,113 9,665 616 1,065 25,878 40,337
Charge for year 1,075 621 148 7,007 8,851
On disposals ( 579 ) ( 157 ) ( 300 ) ( 1,036 )
Other adjustments
At 31 March 2025 4,188 9,707 607 765 32,885 48,152
Net book value
At 31 March 2025 49,565 3,725 358 0 21,021 74,669
At 31 March 2024 50,640 610 591 0 28,028 79,869

The motor vehicles category is in fact the livestock that the company holds but due to the online filing template, this cannot be changed.

WHITELEAF EQUESTRIAN & AGRICULTURAL CENTRES COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Debtors

2025 2024
£ £
Other debtors 1,045 934
Total 1,045 934

WHITELEAF EQUESTRIAN & AGRICULTURAL CENTRES COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Creditors: amounts falling due within one year note

2025 2024
£ £
Trade creditors 977 1,712
Taxation and social security 2,253 2,618
Other creditors 82,187 49,676
Total 85,417 54,006

WHITELEAF EQUESTRIAN & AGRICULTURAL CENTRES COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Creditors: amounts falling due after more than one year note

2025 2024
£ £
Other creditors 543,080 503,981
Total 543,080 503,981

COMMUNITY INTEREST ANNUAL REPORT

WHITELEAF EQUESTRIAN & AGRICULTURAL CENTRES COMMUNITY INTEREST COMPANY

Company Number: 07582748 (England and Wales)

Year Ending: 31 March 2025

Company activities and impact

The Company operates stables and a farm for educational purposes. The activities have benefitted the community by providing a safe and enjoyable environment in a countryside setting, where children can learn all about horses and how they live. The Centre's goal is to provide an educational and recreational day trying different areas of pony care and stable management. The Centre also offers children access to farm scheme CEVAS and is registered with the KCC Outdoor Pursuits. The Centre has hosted regular events for local residents including summer fairs, barbecues, fun days and a pony club. The Company is a BTEC centre providing courses in pony and animal care to our community and local schools.

Consultation with stakeholders

The Centre has an interactive website, detailing all upcoming events as well as past. The website provides a comment area for the pony club, as well as tips and hints. Many local schools are involved, making the pony club a great way for children to engage in an educational and fun activity after school. The farm, part of the CEVAS, helps to promote the farming industry, sharing their agricultural passion and expertise with the school pupils in conjunction with the national curriculum.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
1 July 2025

And signed on behalf of the board by:
Name: Mrs Brenda Tyler
Status: Director