REGISTERED NUMBER: 02989442 (England and Wales)

STUART MCPHEE BLOODSTOCK LTD

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Director:

S K McPhee

Registered office:

3rd Floor

86 - 90 Paul Street

London

EC2A 4NE

Registered number:

02989442 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

CUBO Birmingham

4th Floor

Two Chamberlain Square

Birmingham

West Midlands

B3 3AX

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

2,651

1,602

Investments

6

10

10

2,661

1,612

Current assets

Stocks

336,300

261,614

Cash at bank

11,113

25

347,413

261,639

Creditors

Amounts falling due within one year

7

346,872

134,207

Net current assets

541

127,432

Total assets less current liabilities

3,202

129,044

Creditors

Amounts falling due after more than one year

8

(2,119

)

(7,107

)

Provisions for liabilities

(503

)

(401

)

Net assets

580

121,536

Capital and reserves

Called up share capital

1

1

Retained earnings

579

121,535

580

121,536

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 September 2025 and were signed by:

S K McPhee - Director

1.	Statutory information

Stuart McPhee Bloodstock 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Breeders rights are being amortised evenly over their estimated useful life of 15 years.

Tangible fixed assets

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

Equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	Employees and directors

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

4.	Intangible fixed assets

Other

intangible

assets

£

Cost

At 1 January 2024

and 31 December 2024

10,000

Amortisation

At 1 January 2024

and 31 December 2024

10,000

Net book value

At 31 December 2024

-

At 31 December 2023

-

5.	Tangible fixed assets

Equipment

£

Cost

At 1 January 2024

5,824

Additions

1,908

At 31 December 2024

7,732

Depreciation

At 1 January 2024

4,222

Charge for year

859

At 31 December 2024

5,081

Net book value

At 31 December 2024

2,651

At 31 December 2023

1,602

6.	Fixed asset investments

Other

investments

£

Cost

At 1 January 2024

and 31 December 2024

10

Net book value

At 31 December 2024

10

At 31 December 2023

10

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

4,990

5,961

Other loans

31,939

54,994

Trade creditors

1,390

1,390

Corporation tax

-

9,029

VAT

33,205

36,437

Credit card

6,658

3,909

Directors' current accounts

265,521

19,337

Accruals and deferred income

3,169

3,150

346,872

134,207

8.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bounce Back Loan < 1 year

2,119

7,107

9.	Secured debts

HSBC Bank PLC registered a fixed and floating charge over the business with the registrar on 19 February 2007. The charge remains outstanding at the year end.