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Registration number: 12902760

The Three Horseshoes (Fordham) Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

The Three Horseshoes (Fordham) Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

The Three Horseshoes (Fordham) Ltd

Company Information

Directors

Ms Moira Josephine Edwards

Mr Samuel Edwards

Registered office

74 Church Road
Fordham
Colchester
CO6 3NJ

Accountants

Manningtons
Chartered Accountants
39 High Street
Battle
East Sussex
TN33 0EE

 

The Three Horseshoes (Fordham) Ltd

(Registration number: 12902760)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

60,663

69,271

Current assets

 

Stocks

5

28,289

22,592

Debtors

6

1,672

7,413

Cash at bank and in hand

 

161,648

89,408

 

191,609

119,413

Creditors: Amounts falling due within one year

7

(179,939)

(159,812)

Net current assets/(liabilities)

 

11,670

(40,399)

Total assets less current liabilities

 

72,333

28,872

Provisions for liabilities

(11,526)

(2,536)

Net assets

 

60,807

26,336

Capital and reserves

 

Called up share capital

1

1

Retained earnings

60,806

26,335

Shareholders' funds

 

60,807

26,336

For the financial year ending 30 November 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 18 July 2025 and signed on its behalf by:
 

.........................................
Ms Moira Josephine Edwards
Director

   
     
 

The Three Horseshoes (Fordham) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

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.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of food and drink in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

The Three Horseshoes (Fordham) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

25% Reducing Balance

Computer equipment

3 Years Straight Line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

The Three Horseshoes (Fordham) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Financial instruments

Classification
The company enters into basic financial instruments that give rise to financial assets and financial liabilities including trade and other debtors, trade and other creditors, bank account balances, bank loans and other loans and borrowings and investments in certain non puttable and non convertible equity instruments.
 Recognition and measurement
Debt instruments which are not payable or receivable within one year are initially accounted for at the transaction price and are subsequently accounted for at amortised cost using the effective interest method. Debt instruments payable and receivable within one year are measured at their undiscounted cash amounts. Where the debt instruments are treated as a financing transaction, then the financial asset or liability is measured at the present value of future cash flows based on a market rate of interest. Debt instruments which are treated as financial assets and accounted for at amortised cost are also assessed for impairment.

Equity instruments are initially accounted for at transaction price. They are subsequently accounted for at cost unless they can be accounted for at fair value based on a readily available market or fair value. Equity instruments which are treated as financial assets and accounting for at cost are also assessed for impairment.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 24 (2023 - 20).

 

The Three Horseshoes (Fordham) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2023

122,532

122,532

Additions

11,893

11,893

At 30 November 2024

134,425

134,425

Depreciation

At 1 December 2023

53,261

53,261

Charge for the year

20,501

20,501

At 30 November 2024

73,762

73,762

Carrying amount

At 30 November 2024

60,663

60,663

At 30 November 2023

69,271

69,271

5

Stocks

2024
£

2023
£

Other inventories

28,289

22,592

 

The Three Horseshoes (Fordham) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

6

Debtors

Note

2024
£

2023
£

Trade debtors

 

177

171

Amounts owed by group undertakings and undertakings in which the company has a participating interest

8

-

4,782

Prepayments

 

1,495

2,460

 

1,672

7,413

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

35,397

39,708

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

18,383

-

Taxation and social security

 

40,321

30,027

Accruals and deferred income

 

4,430

2,914

Other creditors

 

46,463

32,856

Director's loan account

 

34,945

54,307

 

179,939

159,812

8

Related party transactions

The Three Horseshoes (Fordham) Ltd and Petit Two Ltd are associated companies. The property in which the company operates is leased to The Three Horseshoes (Fordham) Ltd by Petit Two Ltd.

Summary of transactions with associates

During the accounting year the company paid rent totalling £24,000 to its associated company, Petit Two Ltd.

At the balance sheet date the amount owing by The Three Horseshoes (Fordham) Ltd to Petit Two Ltd was £18,383. At 30 November 2023 Petit Two Ltd owed The Three Horseshoes (Fordham) Ltd £4,782.