Silverfin false false 31/08/2024 01/09/2023 31/08/2024 M Hall 23/09/2003 P Hall 23/09/2003 28 August 2025 The principal activity of the company is that of a horse riding school together with the provision of stabling and livery services. 04909113 2024-08-31 04909113 bus:Director1 2024-08-31 04909113 bus:Director2 2024-08-31 04909113 2023-08-31 04909113 core:CurrentFinancialInstruments 2024-08-31 04909113 core:CurrentFinancialInstruments 2023-08-31 04909113 core:ShareCapital 2024-08-31 04909113 core:ShareCapital 2023-08-31 04909113 core:RetainedEarningsAccumulatedLosses 2024-08-31 04909113 core:RetainedEarningsAccumulatedLosses 2023-08-31 04909113 core:LandBuildings 2023-08-31 04909113 core:OtherPropertyPlantEquipment 2023-08-31 04909113 core:LandBuildings 2024-08-31 04909113 core:OtherPropertyPlantEquipment 2024-08-31 04909113 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2024-08-31 04909113 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2023-08-31 04909113 bus:OrdinaryShareClass1 2024-08-31 04909113 2023-09-01 2024-08-31 04909113 bus:FilletedAccounts 2023-09-01 2024-08-31 04909113 bus:SmallEntities 2023-09-01 2024-08-31 04909113 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 04909113 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04909113 bus:Director1 2023-09-01 2024-08-31 04909113 bus:Director2 2023-09-01 2024-08-31 04909113 core:LandBuildings core:TopRangeValue 2023-09-01 2024-08-31 04909113 core:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 04909113 2022-09-01 2023-08-31 04909113 core:LandBuildings 2023-09-01 2024-08-31 04909113 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 04909113 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04909113 (England and Wales)

STRANGEWAYS EQUESTRIAN LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

STRANGEWAYS EQUESTRIAN LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

STRANGEWAYS EQUESTRIAN LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 August 2024
STRANGEWAYS EQUESTRIAN LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 18,745 20,916
18,745 20,916
Current assets
Debtors 4 500,651 401,069
Cash at bank and in hand 48,307 23,968
548,958 425,037
Creditors: amounts falling due within one year 5 ( 125,488) ( 71,951)
Net current assets 423,470 353,086
Total assets less current liabilities 442,215 374,002
Net assets 442,215 374,002
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 442,115 373,902
Total shareholders' funds 442,215 374,002

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

Directors' responsibilities:

The financial statements of Strangeways Equestrian Limited (registered number: 04909113) were approved and authorised for issue by the Board of Directors on 28 August 2025. They were signed on its behalf by:

M Hall
Director
STRANGEWAYS EQUESTRIAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
STRANGEWAYS EQUESTRIAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Strangeways Equestrian Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London, E1W 9US, United Kingdom.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below:

Turnover

Turnover represents amounts receivable for services in connection with stabling and livery of horses.

Employee benefits

Short term benefits
The costs of short term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Taxation

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differ  from net profit as reported in the income statement 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 have been enacted or substantively enacted by the reporting end date.

Tangible fixed assets

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:

Land and buildings 99.9 years straight line
Plant and machinery etc. 15 % 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.

Impairment of assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
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.

Basic financial liabilities
Basic financial liabilities are initially recognised at transactions 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.

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.

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.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 6

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 September 2023 8,792 60,636 69,428
At 31 August 2024 8,792 60,636 69,428
Accumulated depreciation
At 01 September 2023 1,760 46,752 48,512
Charge for the financial year 88 2,083 2,171
At 31 August 2024 1,848 48,835 50,683
Net book value
At 31 August 2024 6,944 11,801 18,745
At 31 August 2023 7,032 13,884 20,916

4. Debtors

2024 2023
£ £
Amounts owed by connected companies 497,901 387,157
Other debtors 2,750 13,912
500,651 401,069

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 40,448 17,724
Other creditors 85,040 54,227
125,488 71,951

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100