Company No: 09043174 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	11,440		0
Tangible assets	4	2,717,571		1,621,453
		2,729,011		1,621,453
Current assets
Stocks		4,487,000		2,700,000
Debtors	5	435,549		699,828
Cash at bank and in hand		173,254		481,317
		5,095,803		3,881,145
Creditors: amounts falling due within one year	6	( 4,151,871)		( 2,069,795)
Net current assets		943,932		1,811,350
Total assets less current liabilities		3,672,943		3,432,803
Creditors: amounts falling due after more than one year	7	( 2,488,165)		( 2,624,034)
Net assets		1,184,778		808,769
Capital and reserves
Called-up share capital		100		100
Profit and loss account		1,184,678		808,669
Total shareholder's funds		1,184,778		808,769

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of West Buckland Bloodstock Limited (registered number: 09043174) were approved and authorised for issue by the Director on 16 September 2025. They were signed on its behalf by:

Mr T Dunn Director

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

West Buckland Bloodstock 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 The Gallops, West Buckland, Wellington, TA21 9LE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery	5 years straight line
Vehicles	20 % reducing balance
Office equipment	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

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 receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	34		22

3. Intangible assets

	Website costs		Total
	£		£
Cost
At 01 June 2024	0		0
Additions	14,300		14,300
At 31 May 2025	14,300		14,300
Accumulated amortisation
At 01 June 2024	0		0
Charge for the financial year	2,860		2,860
At 31 May 2025	2,860		2,860
Net book value
At 31 May 2025	11,440		11,440
At 31 May 2024	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£		£
Cost
At 01 June 2024	143,961		1,101,390		746,699		1,523		1,993,573
Additions	0		979,215		268,069		712		1,247,996
Disposals	0		0		( 20,000)		0		( 20,000)
At 31 May 2025	143,961		2,080,605		994,768		2,235		3,221,569
Accumulated depreciation
At 01 June 2024	13,787		254,691		103,542		100		372,120
Charge for the financial year	2,880		47,581		82,638		446		133,545
Disposals	0		0		( 1,667)		0		( 1,667)
At 31 May 2025	16,667		302,272		184,513		546		503,998
Net book value
At 31 May 2025	127,294		1,778,333		810,255		1,689		2,717,571
At 31 May 2024	130,174		846,699		643,157		1,423		1,621,453

5. Debtors

	2025		2024
	£		£
Trade debtors	254,170		400,904
Corporation tax	100,000		0
Other debtors	81,379		298,924
	435,549		699,828

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	470,929		220,018
Trade creditors	705,924		259,532
Accruals	7,283		3,600
Other taxation and social security	106,994		22,264
Obligations under finance leases and hire purchase contracts	2,830,238		1,438,626
Other creditors	30,503		125,755
	4,151,871		2,069,795

The bank loans are secured on a fixed and floating charge covering all the property of the company.

The obligations under finance leases and hire purchase contracts are secured against the assets to which they correspond.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	560,785		809,972
Obligations under finance leases and hire purchase contracts	1,289,368		815,967
Other creditors	638,012		998,095
	2,488,165		2,624,034

The bank loans are secured on a fixed and floating charge covering all the property of the company.

The obligations under finance leases and hire purchase contracts are secured against the assets to which they correspond.

8. Related party transactions

Other related party transactions

During the year the company made sales of £111,811 (2024: £51,352) and purchase of £363,827 (2024: £36,296) from an entity under the control of a member of close family of the director.

During the year, the company made sales of £18,063 and purchases of £36,006 from an entity under the control of a member of close family of the director. At 31 May 2025, a balance of £7,347 was due from this related party.

During the year the company made sales of £4,160,369 (2024: £1,411,02) and purchases of £1,861,485 (2024: £118,230) from an entity jointly controlled by the director. At 31 May 2025, a balance of £96,328 (2024: £206,790) was due from this related party.

During the year, the company made purchases of £45,000 from an entity under the control of a member of close family of the director. At 31 May 2025, a balance of £54,000 was due to this related party.

During the year, the company made sales of £349,441 and purchases of £151,407 from an entity under the control of a member of close family of the director. At 31 May 2025, a balance of £10,452 was due from this related party.

During the year, the company made sales of £226,086 and purchases of £154,650 from an entity jointly controlled by a member of close family of the director. At 31 May 2025, a balance of £1,740 was due from this related party.

During the year, the company made sales of £501,000 and purchases of £1,667 from the director.

During the year, the company made sales of £148,800 and purchases of £216,000 to West Buckland Bloodstock France, a company incorporated in France and under the control of the director.

All outstanding amounts at year end are repayable on demand and do not attract interest. All transactions were conducted on an arm's length basis.