REGISTERED NUMBER: 07232259 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Longdole Polo Club Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

W A H L Lucas

REGISTERED OFFICE:

Unit 96 The Maltings Business Centre

Roydon Road

Stanstead Abbotts

Hertfordshire

SG12 8HG

REGISTERED NUMBER:

07232259 (England and Wales)

ACCOUNTANTS:

Hall & Co Accountancy Ltd

Unit 96 The Maltings

Stanstead Abbotts

Ware

Hertfordshire

SG12 8HG

FIXED ASSETS

Tangible assets

4

34,282

42,758

CURRENT ASSETS

Stocks

10,968

28,240

Debtors

5

101,933

115,224

Cash at bank

1,455

5,243

114,356

148,707

CREDITORS

Amounts falling due within one year

6

106,618

134,667

NET CURRENT ASSETS

7,738

14,040

TOTAL ASSETS LESS CURRENT LIABILITIES

42,020

56,798

CREDITORS

Amounts falling due after more than one year

7

432,517

298,000

NET LIABILITIES

(390,497

)

(241,202

)

CAPITAL AND RESERVES

Called up share capital

8

8

Shareholders Loan

908,542

908,542

Retained earnings

(1,299,047

)

(1,149,752

)

SHAREHOLDERS' FUNDS

(390,497

)

(241,202

)

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 26 September 2025 and were signed by:

W A H L Lucas - Director

1.	STATUTORY INFORMATION

Longdole Polo Club 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.

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.

Improvements

-

10% on cost

Stable equipment

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles & tractors

-

25% on reducing balance

Computer 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 2 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Stable

Plant and

Improvements

equipment

machinery

£

£

£

COST

At 1 January 2024

and 31 December 2024

199,653

13,357

96,136

DEPRECIATION

At 1 January 2024

199,653

9,755

71,178

Charge for year

-

901

6,303

At 31 December 2024

199,653

10,656

77,481

NET BOOK VALUE

At 31 December 2024

-

2,701

18,655

At 31 December 2023

-

3,602

24,958

Fixtures

Motor

and

vehicles

Computer

fittings

& tractors

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

16,885

44,671

6,747

377,449

DEPRECIATION

At 1 January 2024

15,351

32,655

6,099

334,691

Charge for year

384

726

162

8,476

At 31 December 2024

15,735

33,381

6,261

343,167

NET BOOK VALUE

At 31 December 2024

1,150

11,290

486

34,282

At 31 December 2023

1,534

12,016

648

42,758

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

101,933

112,621

Other debtors

-

2,603

101,933

115,224

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

11,728

15,778

Taxation and social security

461

-

Other creditors

94,429

118,889

106,618

134,667

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed to group undertakings

432,517

298,000

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Longdole Polo Club Limited for the year ended 31 December 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Longdole Polo Club Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Longdole Polo Club Limited and state those matters that we have agreed to state to the director of Longdole Polo Club Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Longdole Polo Club Limited and its director for our work or for this report.

It is your duty to ensure that Longdole Polo Club Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Longdole Polo Club Limited. You consider that Longdole Polo Club Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Longdole Polo Club Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hall & Co Accountancy Ltd

Unit 96 The Maltings

Stanstead Abbotts

Ware

Hertfordshire

SG12 8HG

26 September 2025