The Isle of Wight Donkey Sanctuary Limited

Registered number

03020657

Filleted Accounts

31 December 2024

The Isle of Wight Donkey Sanctuary Limited
Registered number:		03020657
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£

Fixed assets
Tangible assets	3		165,364			179,939

Current assets
Stocks		68,380			57,919
Debtors	4	3,596			5,733
Cash at bank and in hand		27,042			65,696
		99,018			129,348

Creditors: amounts falling due within one year	5	(262,427)			(307,332)

Net current liabilities			(163,409)			(177,984)

Net assets			1,955			1,955

Capital and reserves
Called up share capital			2			2
Profit and loss account			1,953			1,953

Shareholder's funds			1,955			1,955

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Stephen Tobitt
Director
Approved by the board on 26 September 2025

The Isle of Wight Donkey Sanctuary Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery etc	10% Reducing Balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		17		22


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 January 2024				222,369
	Additions				5,304
	Disposals				(1,900)
	At 31 December 2024				225,773

	Depreciation
	At 1 January 2024				42,430
	Charge for the year				18,223
	On disposals				(244)
	At 31 December 2024				60,409

	Net book value
	At 31 December 2024				165,364
	At 31 December 2023				179,939


4	Debtors		2024		2023
£				£

	Trade debtors		290		1,000
	Other debtors		3,306		4,733
			3,596		5,733

5	Creditors: amounts falling due within one year		2024		2023
£				£

	Bank loans and overdrafts		580		1,059
	Trade creditors		8,666		17,028
	Taxation and social security costs		12,899		10,058
	Accrued expenses		4,354		7,317
	Amounts due to parent undertaking		235,928		271,870
			262,427		307,332


6	Related party transactions

	The company is a wholly owned subsidiary of Isle of Wight Donkey Sanctuary CIO. During the year, the company distributed its taxable profits to the parent charity under gift aid. At the year-end, amounts owed to the parent charity totalled £235,928 (2023: £271,870).


7	Controlling party

	The company’s ultimate controlling party is Isle of Wight Donkey Sanctuary CIO, a registered charity (charity number 1159886).


8	Other information

	The Isle of Wight Donkey Sanctuary Limited is a private company limited by shares and incorporated in England. Its registered office is:
	SHMS House
	20 Little Park Farm Road
	Fareham
	Hampshire
	PO15 5TD