REGISTERED NUMBER: 07021748 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Gallant Equestrian Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P W Butler-Smith

Mrs J A Butler-Smith

REGISTERED OFFICE:

Pine Ridge

Pound Lane

Knockholt

Kent

TN14 7NE

REGISTERED NUMBER:

07021748 (England and Wales)

ACCOUNTANTS:

Turner & Co

Chartered Accountants

10a White Hart Parade

London Road

Blackwater

Camberley

Surrey

GU17 9AD

FIXED ASSETS

Tangible assets

4

50,475

13,656

CURRENT ASSETS

Debtors

5

40,823

42,885

Cash at bank

71,615

66,281

112,438

109,166

CREDITORS

Amounts falling due within one year

6

88,071

105,005

NET CURRENT ASSETS

24,367

4,161

TOTAL ASSETS LESS CURRENT LIABILITIES

74,842

17,817

CREDITORS

Amounts falling due after more than one year

7

16,300

12,456

NET ASSETS

58,542

5,361

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

58,540

5,359

SHAREHOLDERS' FUNDS

58,542

5,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

Mrs J A Butler-Smith - Director

1.	STATUTORY INFORMATION

Gallant Equestrian Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 20% on cost and 10% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2023

60,182

Additions

53,257

At 30 September 2024

113,439

DEPRECIATION

At 1 October 2023

46,526

Charge for year

16,438

At 30 September 2024

62,964

NET BOOK VALUE

At 30 September 2024

50,475

At 30 September 2023

13,656

I

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

812

8,634

Other debtors

40,011

34,251

40,823

42,885

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

10,970

7,474

Trade creditors

(1

)

1,467

Taxation and social security

6,807

2,915

Other creditors

70,295

93,149

88,071

105,005

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans

16,300

12,456

8.	RELATED PARTY DISCLOSURES

Rent of £24,780 was paid to the directors for use of the equestrian centre and included in other debtors is rent in advance..

The company was loaned five horses from J A Butler-Smith for use on the equestrian centre in exchange for the cost of their upkeep in line with normal practice with in the trade.

9.	ULTIMATE CONTROLLING PARTY

The Directors have ultimate control of the business by virtue of their shareholding.