Global Equestrian Products Ltd 09499137 true 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is is the retail of equestrian products Digita Accounts Production Advanced 6.30.9574.0 true Mrs S Bacon 09499137 2024-04-01 2025-03-31 09499137 2025-03-31 09499137 core:RetainedEarningsAccumulatedLosses 2025-03-31 09499137 core:ShareCapital 2025-03-31 09499137 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-03-31 09499137 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-03-31 09499137 core:CurrentFinancialInstruments 2025-03-31 09499137 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 09499137 core:CurrentFinancialInstruments core:WithinOneYear 2 2025-03-31 09499137 core:Non-currentFinancialInstruments 2025-03-31 09499137 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 09499137 core:MotorVehicles 2025-03-31 09499137 core:OtherPropertyPlantEquipment 2025-03-31 09499137 bus:FRS102 2024-04-01 2025-03-31 09499137 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09499137 bus:FullAccounts 2024-04-01 2025-03-31 09499137 bus:RegisteredOffice 2024-04-01 2025-03-31 09499137 bus:Director1 2024-04-01 2025-03-31 09499137 bus:EntityNoLongerTradingButTradedInPast 2024-04-01 2025-03-31 09499137 bus:Consolidated 2024-04-01 2025-03-31 09499137 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09499137 core:MotorVehicles 2024-04-01 2025-03-31 09499137 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 09499137 core:PlantMachinery 2024-04-01 2025-03-31 09499137 countries:England 2024-04-01 2025-03-31 09499137 2024-03-31 09499137 core:MotorVehicles 2024-03-31 09499137 core:OtherPropertyPlantEquipment 2024-03-31 09499137 2024-03-31 09499137 core:RetainedEarningsAccumulatedLosses 2024-03-31 09499137 core:ShareCapital 2024-03-31 09499137 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-03-31 09499137 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-03-31 09499137 core:CurrentFinancialInstruments 2024-03-31 09499137 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09499137 core:CurrentFinancialInstruments core:WithinOneYear 2 2024-03-31 09499137 core:Non-currentFinancialInstruments 2024-03-31 09499137 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 09499137 core:MotorVehicles 2024-03-31 09499137 core:OtherPropertyPlantEquipment 2024-03-31 iso4217:GBP

Registration number: 09499137

Global Equestrian Products Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2025

Global Equestrian Products Ltd

Profit and Loss Account for the Year Ended 31 March 2025

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

Global Equestrian Products Ltd

(Registration number: 09499137)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 3 | - | 30,857
Current assets |  |  |
Stocks | 4 | - | 2,700
Debtors | 5 | - | 6,820
Cash at bank and in hand |  | - | 1,070
|  | - | 10,590
Creditors: Amounts falling due within one year | 7 | (8) | (7,354)
Net current (liabilities)/assets |  | (8) | 3,236
Total assets less current liabilities |  | (8) | 34,093
Creditors: Amounts falling due after more than one year | 7 | - | (14,643)
Net (liabilities)/assets |  | (8) | 19,450
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | (9) | 19,449
Shareholders' (deficit)/funds |  | (8) | 19,450

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's 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 director acknowledges her 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 16 September 2025

......................................... Mrs S Bacon Director

Global Equestrian Products Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

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

The address of its registered office is:
Melton Stables
West End Road
Epworth
Doncaster
DN9 1LB

These financial statements were authorised for issue by the director on 16 September 2025.

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.

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
Plant and machinery | 15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Global Equestrian Products Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Global Equestrian Products Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Global Equestrian Products Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3 | Tangible assets

| Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 April 2024 | 17,395 | 41,667 | 59,062
Disposals | (17,395) | (41,667) | (59,062)
At 31 March 2025 | - | - | -
Depreciation
At 1 April 2024 | 1,740 | 26,465 | 28,205
Eliminated on disposal | (1,740) | (26,465) | (28,205)
At 31 March 2025 | - | - | -
Carrying amount
At 31 March 2025 | - | - | -
At 31 March 2024 | 15,655 | 15,202 | 30,857

4 | Stocks

| 2025 £ | 2024 £
Other inventories | - | 2,700

5 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | - | 4,821
Other debtors |  | - | 246
Income tax asset |  | - | 1,753
|  | - | 6,820

6 | Cash and cash equivalents

| 2025 £ | 2024 £
Cash at bank | - | 1,070

Global Equestrian Products Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | - | 5,949
Other payables |  | 8 | 615
Accruals |  | - | 790
|  | 8 | 7,354
Due after one year |  |  |
Loans and borrowings | 8 | - | 14,643

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 4,134
Hire purchase contracts | - | 10,509
| - | 14,643

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 1,600
Hire purchase contracts | - | 4,349
| - | 5,949