R and S Equestrian Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07477611

R and S Equestrian Limited

Filleted Unaudited Financial Statements

31 December 2024

R and S Equestrian Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

R and S Equestrian Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		1,909	609,140

Current assets

Debtors	6	649,020	56
Cash at bank and in hand		307	1,205
		---------	-------
		649,327	1,261

Creditors: amounts falling due within one year	7	653,013		648,108
		---------		---------
Net current liabilities			3,686	646,847
			-------	---------
Total assets less current liabilities			( 1,777)	( 37,707)
			-------	--------
Net liabilities			( 1,777)	( 37,707)
			-------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 1,877)	( 37,807)
	-------	--------
Shareholders deficit	( 1,777)	( 37,707)
	-------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

R and S Equestrian Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

Mr R M Radzik	Mrs S J Radzik
Director	Director

Company registration number: 07477611

R and S Equestrian Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tutt Hill House, Maidstone Road, Tutt Hill, Ashford, Kent, TN26 1AW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Investment property Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2).

5. Tangible assets

	Land and buildings	Equipment	Total
	£	£	£
Cost
At 1 January 2024	606,325	27,685	634,010
Disposals	( 606,325)	–	( 606,325)
	---------	--------	---------
At 31 December 2024	–	27,685	27,685
	---------	--------	---------
Depreciation
At 1 January 2024	–	24,870	24,870
Charge for the year	–	906	906
	---------	--------	---------
At 31 December 2024	–	25,776	25,776
	---------	--------	---------
Carrying amount
At 31 December 2024	–	1,909	1,909
	---------	--------	---------
At 31 December 2023	606,325	2,815	609,140
	---------	--------	---------

6. Debtors

	2024	2023
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	649,000	–
Other debtors	20	56
	---------	----
	649,020	56
	---------	----

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	160	–
Other creditors	652,853	648,108
	---------	---------
	653,013	648,108
	---------	---------

8. Related party transactions

At the year end the company owed the Directors £153,571 (2023: £148,826). At the year end, the company owed £497,932 (2023: £497,932) to group undertakings. At the year end, the company was owed £649,000 (2023: £nil) from group undertakings.

9. Controlling party

The company's ultimate parent company is Hawthorn Residential Home Limited , a company incorporated in England and Wales. Hawthorn Residential Home Limited's registered address is Tutt Hill House, Maidstone Road, Tutt Hill, Ashford, Kent, TN26 1AW .