Moore Equestrian Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09675856 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2024

for

Moore Equestrian Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

7,342

7,032

CURRENT ASSETS

Stocks

122,602

128,500

Debtors

5

21,232

18,384

143,834

146,884

CREDITORS

Amounts falling due within one year

6

961,265

831,568

NET CURRENT LIABILITIES

(817,431

)

(684,684

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(810,089

)

(677,652

)

CREDITORS

Amounts falling due after more than one year

7

-

(2,983

)

PROVISIONS FOR LIABILITIES

(1,395

)

(1,336

)

NET LIABILITIES

(811,484

)

(681,971

)

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

(811,584

)

(682,071

)

SHAREHOLDERS' FUNDS

(811,484

)

(681,971

)

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 Statement of Income and Retained Earnings has not been delivered.

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

C J Moore - Director

1.	COMPANY INFORMATION

Moore Equestrian Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09675856

Registered office:

The Lexicon

10-12 Mount Street

Manchester

M2 5NT

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

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

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment 25% reducing balance

Computer equipment 25% straight line

Motor vehicles 25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Going concern

The directors are of the opinion that the company will have sufficient funds to continue to meet its liabilities as and when they fall due. This is as a result of the future liabilities of the company being low and the company being able to rely on continued support from the directors if necessary.

Of the other creditors balance, majority relates to money owed to the directors. The directors have confirmed that they have no intention of calling in their loans until the company is in a position to do so.

As a result of the above, these financial statements have been prepared on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1st January 2024

9,217

6,980

9,500

25,697

Additions

3,612

-

3,612

At 31st December 2024

12,829

6,980

9,500

29,309

DEPRECIATION

At 1st January 2024

5,093

4,072

9,500

18,665

Charge for year

1,557

1,745

-

3,302

At 31st December 2024

6,650

5,817

9,500

21,967

NET BOOK VALUE

At 31st December 2024

6,179

1,163

-

7,342

At 31st December 2023

4,124

2,908

-

7,032

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other debtors

3,865

3,471

VAT

3,636

1,182

Prepayments

13,731

21,232

18,384

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts (see note 8)

41,260

24,816

Trade creditors

1,157

8,749

Social security and other taxes

1,169

1,190

Pensions payable

258

263

Other creditors

1,115

1,563

Directors' current accounts

913,409

792,090

Accrued expenses

2,897

961,265

831,568

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

Bank loans (see note 8)

-

2,983

8.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

Amounts falling due within one year or on demand:

Bank overdrafts

23,931

22,579

Bank loans

17,329

2,237

41,260

24,816

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

2,983

Creditors falling due after more than one year relates to a bounce back loan.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

100

Ordinary

1

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Dividends totalling £0 (2023 - £0) were paid in the year in respect of shares held by the company's directors.

During the year, the company operated a joint loan account with its directors. At the balance sheet date, the company owed £913,409 (2023: £792,090) to the directors. This amount is included within other creditors.

During the period, the directors introduced capital into the company totalling £193,632 (2023: £27,949) and withdrew £72,313 (2023: £32,127) from the company.

This loan is repayable on demand and no interest has been charged on the outstanding amount.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is C J Moore.