Carrington Riding Centre Ltd 31/03/2025 iXBRL

Company registration number: 3753552

Carrington Riding Centre Ltd

Unaudited filleted financial statements

31 March 2025

Carrington Riding Centre Ltd

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Carrington Riding Centre Ltd

Directors and other information


	Directors	Mr K Groos
		Mrs Sharon Groos


	Secretary	K Groos


	Company number	3753552


	Registered office	Isherwood Road
		Carrington
		Manchester
		M31 4BH


	Business address	Isherwood Road
		Carrington
		Manchester
		M31 4BH


	Accountant	Bedi & Co
		Chartered Accountants
		14 Dunlin Rise
		Tytherington
		Macclesfield
		SK10 2SP

Carrington Riding Centre Ltd

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	1,194,020		750,363
		_______		_______
			1,194,020		750,363

Current assets
Stocks		2,160		2,247
Debtors	7	362,066		397,239
Cash at bank and in hand		1,067,210		526,244
		_______		_______
		1,431,436		925,730
Creditors: amounts falling due
within one year	8	( 573,044)		( 260,735)
		_______		_______
Net current assets			858,392		664,995
			_______		_______
Total assets less current liabilities			2,052,412		1,415,358

Creditors: amounts falling due
after more than one year	9		( 35,853)		( 61,442)

Provisions for liabilities			( 95,991)		( 80,893)

			_______		_______
Net assets			1,920,568		1,273,023
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			1,920,566		1,273,021
			_______		_______
Shareholder funds			1,920,568		1,273,023
			_______		_______

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.

Directors responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 31 October 2025 , and are signed on behalf of the board by:

Mr K Groos

Director

Company registration number: 3753552

Carrington Riding Centre Ltd

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2023	2	835,234	835,236

Profit for the year		437,787	437,787
	_______	_______	_______
Total comprehensive income for the year	-	437,787	437,787

	_______	_______	_______
At 31 March 2024 and 1 April 2024	2	1,273,021	1,273,023

Profit for the year		647,545	647,545
	_______	_______	_______
Total comprehensive income for the year	-	647,545	647,545

	_______	_______	_______
At 31 March 2025	2	1,920,566	1,920,568
	_______	_______	_______

Carrington Riding Centre Ltd

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Nursery Farm, Isherwood Road, Carrington, Manchester, M31 4BH.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

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

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	0 %	straight line
Plant and machinery	-	25 %	reducing balance
Motor vehicles	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

The company operates a pension scheme with The National Savings Trust (NEST) which is a defined contribution workplace pension scheme and the pension charge represents the amount payable by the company in respect of the year.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 49 (2024: 49 ).

5. Directors remuneration

The directors aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	105,411	94,399
Company contributions to pension schemes in respect of qualifying services	-	20,000
	_______	_______
	105,411	114,399
	_______	_______

6. Tangible assets

	Freehold property	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	384,342	527,854	246,253	1,158,449
Additions	383,266	185,868	5,500	574,634
Disposals	-	( 42,084)	-	( 42,084)
	_______	_______	_______	_______
At 31 March 2025	767,608	671,638	251,753	1,690,999
	_______	_______	_______	_______
Depreciation
At 1 April 2024	-	376,797	31,289	408,086
Charge for the year	-	81,848	39,601	121,449
Disposals	-	( 32,556)	-	( 32,556)
	_______	_______	_______	_______
At 31 March 2025	-	426,089	70,890	496,979
	_______	_______	_______	_______
Carrying amount
At 31 March 2025	767,608	245,549	180,863	1,194,020
	_______	_______	_______	_______
At 31 March 2024	384,342	151,057	214,964	750,363
	_______	_______	_______	_______

In the opinion of the Directors the value of the freehold properties which are Investment properties are as stated at cost.

7. Debtors

	2025	2024
	£	£
Trade debtors	24,161	64,175
Amounts owed by group undertakings and undertakings in which the company has a participating interest	293,641	319,488
Other debtors	44,264	13,576
	_______	_______
	362,066	397,239
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	22,727	22,727
Trade creditors	46,332	7,469
Corporation tax	199,262	121,898
Social security and other taxes	143,150	12,257
Other creditors	161,573	96,384
	_______	_______
	573,044	260,735
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	35,853	61,442
	_______	_______

On the 16 April 2020 the company obtained The Coronavirus Business Interuption Loan Scheme(CBILS) loan of £125,000.The loan is guaranteed by the government up to 80%,is interest free for 12 months after which the loan is repaid by capital instalments of £1,893.94 per month.Interest is 1. 54% above base rate per annum.The loan repayable in the next 12 months is shown in creditors due within one year.

10. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	653	653
Later than 1 year and not later than 5 years	490	1,143
	_______	_______
	1,143	1,796
	_______	_______

11. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr K Groos	( 2,909)	2,268	( 641)
		_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr K Groos	( 829)	( 2,080)	( 2,909)
		_______	_______	_______

12. Related party transactions

At the 31 March 2025,Just Horse Riders Limited,a company 100% owned by the directors,owed the Company £293,641 (2024 £319,488).