| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 January 2024 to 31 March 2025 |
| for |
| Hambleton Racing Stables Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 January 2024 to 31 March 2025 |
| for |
| Hambleton Racing Stables Ltd |
| Hambleton Racing Stables Ltd (Registered number: 03915317) |
| Contents of the Financial Statements |
| for the Period 1 January 2024 to 31 March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Hambleton Racing Stables Ltd |
| Company Information |
| for the Period 1 January 2024 to 31 March 2025 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants, |
| 2 Cricklade Court |
| Old Town |
| Swindon |
| Wiltshire |
| SN1 3EY |
| Hambleton Racing Stables Ltd (Registered number: 03915317) |
| Balance Sheet |
| 31 March 2025 |
| 2025 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Hambleton Racing Stables Ltd (Registered number: 03915317) |
| Balance Sheet - continued |
| 31 March 2025 |
| The financial statements were approved by the director the director and authorised for issue on |
| Hambleton Racing Stables Ltd (Registered number: 03915317) |
| Notes to the Financial Statements |
| for the Period 1 January 2024 to 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Hambleton Racing Stables Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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. |
| Fixed asset investments |
| Fixed asset investments are stated at historical cost less provision for any permanent diminution in value. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| Hambleton Racing Stables Ltd (Registered number: 03915317) |
| Notes to the Financial Statements - continued |
| for the Period 1 January 2024 to 31 March 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| £ |
| COST |
| At 1 January 2024 |
| and 31 March 2025 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for period |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 December 2023 |
| 5. | FIXED ASSET INVESTMENTS |
| Interest |
| in other |
| participating |
| interests |
| £ |
| COST |
| At 1 January 2024 |
| and 31 March 2025 | 350,000 |
| NET BOOK VALUE |
| At 31 March 2025 | 350,000 |
| At 31 December 2023 | 350,000 |
| 6. | DEBTORS |
| 2025 | 2023 |
| £ | £ |
| Amounts falling due within one year: |
| Other debtors |
| Tax |
| Hambleton Racing Stables Ltd (Registered number: 03915317) |
| Notes to the Financial Statements - continued |
| for the Period 1 January 2024 to 31 March 2025 |
| 6. | DEBTORS - continued |
| 2025 | 2023 |
| £ | £ |
| Amounts falling due after more than one year: |
| Deferred tax asset | 3,374 | 427 |
| Aggregate amounts |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2023 |
| £ | £ |
| B & V Smart Loan Account | 161,521 | 161,521 |
| Accrued expenses |
| 8. | RELATED PARTY DISCLOSURES |
| As at 31 March 2025 the company owed the shareholders £161,521. This was loaned interest free and is repayable on demand. |
| In 2003 the company became a partner in the horse training business Bryan Smart Racing. Mr B Smart is a director of the company. The company is entitled to a 50% profit share, in the period the business made a profit and the company's share of this amounted to £28,895 (2023: £5,312 share of loss) which has been accrued and accounted for in turnover. |
| In 2003 the company injected £350,000 of capital into the partnership which is represented by the land and property at Hambleton Racing Stables. |
| Debtors includes a balance of £253,466 (2023: £225,555), being the company's current account which it operates with Bryan Smart Racing. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The company is under the control of the Director Mr B Smart. |