Eland Lodge Equestrian Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05152110

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		187,854		194,002

			187,854		194,002
CURRENT ASSETS
Stocks	6	600,215		534,689
Debtors	7	51,081		65,889
Cash at bank and in hand		1,543		1,406

		652,839		601,984
Creditors: Amounts Falling Due Within One Year	8	(323,009 )		(285,266 )

NET CURRENT ASSETS (LIABILITIES)			329,830		316,718

TOTAL ASSETS LESS CURRENT LIABILITIES			517,684		510,720

Creditors: Amounts Falling Due After More Than One Year	9		(483,069 )		(405,898 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(27,095 )		(36,860 )

NET ASSETS			7,520		67,962

CAPITAL AND RESERVES
Called up share capital	10		20,000		20,000
Profit and Loss Account			(12,480 )		47,962

SHAREHOLDERS' FUNDS			7,520		67,962

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Eland Lodge Equestrian Limited

Balance Sheet (continued)

As At 30 December 2024

For the year ending 30 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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

Mrs V M Coupland

Director

11 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Eland Lodge Equestrian Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05152110 . The registered office is Suite 5, The Willows, Ransom Wood Business Park, Southwell Road West, Rainworth, Mansfield, Nottinghamshire, NG21 0HJ.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are SPF Entitlement. It is amortised to profit and loss account over its estimated economic life of 3 years.

2.4. 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:

Leasehold	over the period of the lease
Plant & Machinery	15% reducing balance basis
Motor Vehicles	25% reducing balance basis
Fixtures & Fittings	15% reducing balance basis

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

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.

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Eland Lodge Equestrian Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 December 2024

2.7. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 23 (2023: 25)

4. Intangible Assets

	Other
	£
Cost
As at 31 December 2023	780

As at 30 December 2024	780

Amortisation
As at 31 December 2023	780

As at 30 December 2024	780

Net Book Value
As at 30 December 2024	-

As at 31 December 2023	-

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 31 December 2023	72,278	399,597	125,321	283,130	880,326
Additions	14,941	503	-	14,454	29,898

As at 30 December 2024	87,219	400,100	125,321	297,584	910,224

Depreciation
As at 31 December 2023	72,278	337,844	93,299	182,903	686,324
Provided during the period	2,242	9,306	8,005	16,493	36,046

As at 30 December 2024	74,520	347,150	101,304	199,396	722,370

Net Book Value
As at 30 December 2024	12,699	52,950	24,017	98,188	187,854

As at 31 December 2023	-	61,753	32,022	100,227	194,002

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Eland Lodge Equestrian Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 December 2024

6. Stocks

	2024	2023
	£	£
Stock.	600,215	534,689

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	30,510	58,357
Prepayments and accrued income	16,684	7,532
Corporation tax recoverable assets	3,887	-

	51,081	65,889

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	131,083	124,970
Bank loans and overdrafts	72,080	51,872
Corporation tax	-	3,887
Other creditors	59,960	56,208
Accruals and deferred income	24,886	13,329
Directors' loan accounts	35,000	35,000

	323,009	285,266

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	11,300	33,900
Directors loan account	471,769	371,998

	483,069	405,898

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	20,000	20,000

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