REGISTERED NUMBER: 04179719 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ENDURANCE GB

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Woolcombe

A L Seggie

S S Bates

J H Coldicott

J M Phillips

L D Whiley

S K Box

A N Pilgrim

SECRETARY:

D Bennett

REGISTERED OFFICE:

Abbey Park

Stareton

Kenilworth

Warwickshire

CV8 2RP

REGISTERED NUMBER:

04179719 (England and Wales)

ACCOUNTANTS:

Magma Audit LLP

16 Davy Court

Castle Mound Way

Rugby, CV23 0UZ

Magma Audit LLP is part

Of the Dains Group

FIXED ASSETS

Intangible assets

4

28,429

40,648

Tangible assets

5

1,385

1,045

29,814

41,693

CURRENT ASSETS

Debtors

6

24,736

15,314

Cash at bank

212,718

194,717

237,454

210,031

CREDITORS

Amounts falling due within one year

7

(48,780

)

(35,628

)

NET CURRENT ASSETS

188,674

174,403

TOTAL ASSETS LESS CURRENT LIABILITIES

218,488

216,096

RESERVES

Profit and loss account

218,488

216,096

218,488

216,096

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 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 surplus or deficit 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

S K Box - Director

1.	GENERAL INFORMATION

Endurance GB is a private company limited by guarantee, incorporated in England and Wales, registration number 04179719. The address of the registered office is Abbey Park, Stareton, Kenilworth, Warwickshire, CV8 2RP.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The presentational currency of the financial statements is Sterling, rounded to the nearest £1.

Turnover

Turnover is measured as the fair value of consideration received or receivable, exclusive of value added tax. Revenue is recognised when significant risks and rewards of ownership have been transferred to the customer, recovery of the consideration is probable, the associated costs can be estimated reliably and the amount of revenue can be measured reliably.

Life membership subscriptions are taken to turnover on a straight line basis over a period of 10 years.

Sponsorship Income

Sponsorship income is accounted for in the same period in which the related expenses have been incurred.

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.

Computer software is being amortised evenly over its estimated useful life of seven years.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Office Equipment

- 33% Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest method.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company contributes to a defined contribution plan for the benefit of its employees. Contributions are recognised in profit or loss as they become payable.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Operating lease agreements

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

164,576

AMORTISATION

At 1 January 2024

123,928

Charge for year

12,219

At 31 December 2024

136,147

NET BOOK VALUE

At 31 December 2024

28,429

At 31 December 2023

40,648

5.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 January 2024

31,602

Additions

930

At 31 December 2024

32,532

DEPRECIATION

At 1 January 2024

30,557

Charge for year

590

At 31 December 2024

31,147

NET BOOK VALUE

At 31 December 2024

1,385

At 31 December 2023

1,045

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

11,306

1,483

Other debtors

491

-

Prepayments and accrued income

12,939

13,831

24,736

15,314

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

14,213

432

Tax

280

327

Social security and other taxes

699

702

Other creditors

3,955

3,629

Accruals and deferred income

29,633

30,538

48,780

35,628

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

2,125

2,125

Between one and five years

1,240

3,365

3,365

5,490

9.

RESERVES

Included within the Profit and loss account are the following funds which have been allocated for various purposes:

2024

2023

£

£

Training and Travel fund reserves

401

1,901

Young Riders fund

3,573

1,338

Saddlers reserve

11,259

7,609

Life members reserve

2,653

2,653

Development squad reserves

1,943

0

19,829

13,501

Although these funds have been identified by the directors to use for the above purposes, if circumstances change the funds could be re-assigned for other causes.

10.	COMPANY LIMITED BY GUARANTEE

Endurance GB is a company limited by guarantee. This guarantee extends to all members of the company. Each member's liability is limited to a maximum of £1.