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Company Registration No. 08948170 (England and Wales)
Sower Hill Stables Limited Unaudited accounts for the year ended 31 March 2025
Sower Hill Stables Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Sower Hill Stables Limited Company Information for the year ended 31 March 2025
Directors
SODEN, Sarah SODEN, Tim
Company Number
08948170 (England and Wales)
Registered Office
Sowerhill Farm Uffington Faringdon Oxfordshire SN7 7QH England
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Sower Hill Stables Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
118,773
130,950
Current assets
Debtors
5
4,345
1,699
Cash at bank and in hand
(5,100)
(4,531)
(755)
(2,832)
Creditors: amounts falling due within one year
6
(11,155)
(15,080)
Net current liabilities
(11,910)
(17,912)
Total assets less current liabilities
106,863
113,038
Creditors: amounts falling due after more than one year
7
(220,073)
(245,002)
Net liabilities
(113,210)
(131,964)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(113,310)
(132,064)
Shareholders' funds
(113,210)
(131,964)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2025 and were signed on its behalf by
SODEN, Sarah Director Company Registration No. 08948170
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Sower Hill Stables Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Sower Hill Stables Limited is a private company, limited by shares, registered in England and Wales, registration number 08948170. The registered office is Sowerhill Farm, Uffington, Faringdon, Oxfordshire, SN7 7QH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20 years straight line
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Fixtures & fittings
33.3% straight line
Going concern
At the time of approving the financial statements , the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.
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Sower Hill Stables Limited Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
290,189
55,702
1,833
347,724
Additions
2,032
-
-
2,032
At 31 March 2025
292,221
55,702
1,833
349,756
Depreciation
At 1 April 2024
166,865
49,451
458
216,774
Charge for the year
7,347
6,251
611
14,209
At 31 March 2025
174,212
55,702
1,069
230,983
Net book value
At 31 March 2025
118,009
-
764
118,773
At 31 March 2024
123,324
6,251
1,375
130,950
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
4,945
53
Trade debtors
(600)
1,646
4,345
1,699
6
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
310
1,446
Trade creditors
1,840
3,044
Taxes and social security
7,255
8,840
Accruals
1,750
1,750
11,155
15,080
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Loans from directors
220,073
245,002
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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