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Registered number: 14524964
Valley Farm Dressage Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford Upon Avon
CV37 9NP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14524964
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,683 2,056
2,683 2,056
CURRENT ASSETS
Debtors 5 10 10
Cash at bank and in hand 6,794 21,221
6,804 21,231
Creditors: Amounts Falling Due Within One Year 6 (20,080 ) (14,718 )
NET CURRENT ASSETS (LIABILITIES) (13,276 ) 6,513
TOTAL ASSETS LESS CURRENT LIABILITIES (10,593 ) 8,569
NET (LIABILITIES)/ASSETS (10,593 ) 8,569
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account (10,603 ) 8,559
SHAREHOLDERS' FUNDS (10,593) 8,569
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss S E Yelloly
Director
30/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Valley Farm Dressage Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14524964 . The registered office is Unit 13 The Courtyard, Timothy's Bridge Road, Strarford Upon Avon, Warwickshire, CV37 9NP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.4. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 875 1,336 2,211
Additions 1,282 - 1,282
As at 31 December 2024 2,157 1,336 3,493
Depreciation
As at 1 January 2024 75 80 155
Provided during the period 341 314 655
As at 31 December 2024 416 394 810
Net Book Value
As at 31 December 2024 1,741 942 2,683
As at 1 January 2024 800 1,256 2,056
5. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Other debtors 10 10
6. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Other creditors 21,034 13,110
Taxation and social security (954 ) 1,608
20,080 14,718
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7. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 10 10
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