REGISTERED NUMBER: 01527664 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

PETRA BLOODSTOCK AGENCY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M M V Newell

A E Evans

SECRETARY:

A E Evans

REGISTERED OFFICE:

6th Floor

27 Queen Annes Gate

London

SW1H 9BU

REGISTERED NUMBER:

01527664 (England and Wales)

ACCOUNTANTS:

Currie Accountancy Limited

Chartered Accountants

First Floor

13a High Street

Edenbridge

Kent

TN8 5AB

FIXED ASSETS

Tangible assets

4

1

1

CURRENT ASSETS

Biological assets

5

312,708

664,335

Debtors

6

333,383

81,881

Cash at bank

170,888

187,660

816,979

933,876

CREDITORS

Amounts falling due within one year

7

13,934,991

13,565,576

NET CURRENT LIABILITIES

(13,118,012

)

(12,631,700

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,118,011

)

(12,631,699

)

CAPITAL AND RESERVES

Called up share capital

500,000

500,000

Retained earnings

(13,618,011

)

(13,131,699

)

SHAREHOLDERS' FUNDS

(13,118,011

)

(12,631,699

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 26th September 2025 and were signed on its behalf by:

A E Evans - Director

1.	STATUTORY INFORMATION

Petra Bloodstock Agency Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The directors believe that the company is a going concern on the basis that the controlling party, P J Goulandris, is prepared to continue to support the company and has the means to do so.

Significant judgements and estimates

In computing the individual costs of the livestock the directors use a cost figure prepared by an independent valuer of the animal when it was a foal. This cost is compared to the valuer's market valuation of the animal at the balance sheet date to confirm that there has been no impairment to the value of the animal.

Turnover

Turnover represents sales of bloodstock, insurance claims received and breeders premiums and race earnings and is stated net of value added tax.

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

-

25% on cost

Biological assets

Bloodstock consists of mares, foals, stallion shares and horses in training. Stallion shares, horses in training and foals are valued individually at the lower of cost and market value.

Mares are valued at the lower of cost less depreciation and market value. The cost of mares is depreciated on a straight line basis over ten years. Costs does not include the ongoing costs of keeping the animal and, as noted above, is based on an independent valuer's assessment of the cost of the foal where the animal is home bred. The cost of broodmares includes the nomination fee paid if the mare is in foal at the year end and she gave birth to a live foal.

Livestock is included at cost rather than fair value because the market in an individual animal is volatile and the use of cost maintains consistency year on year.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2024

and 31st December 2024

6,982

DEPRECIATION

At 1st January 2024

and 31st December 2024

6,981

NET BOOK VALUE

At 31st December 2024

1

At 31st December 2023

1

5.	BIOLOGICAL ASSETS

2024

2023

£

£

Mares

118,583

170,495

Foals and yearlings

147,244

265,650

Horses in training

46,881

228,190

312,708

664,335

The total market value of the bloodstock at the year end was £ 630,000 (2023 £ 1,452,000).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

202,984

16,087

Other debtors

130,399

65,794

333,383

81,881

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

27,883

3,554

Amounts owed to group undertakings

13,070,649

13,070,649

Taxation and social security

-

8,396

Other creditors

836,459

482,977

13,934,991

13,565,576

8.	RELATED PARTY DISCLOSURES