The Three Horseshoes (Little Cowarne) - Accounts to registrar (filleted)

REGISTERED NUMBER: 12528299 (England and Wales)

The Three Horseshoes (Little Cowarne)

Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

R Abell

J Abell

REGISTERED OFFICE:

White House

Little Cowarne

Bromyard

Herefordshire

HR7 4RH

REGISTERED NUMBER:

12528299 (England and Wales)

ACCOUNTANTS:

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Grove Farm

Portway, Burghill

Hereford

HR4 8NF

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Statement of Income and Retained Earnings and certain other primary statements and the Report of the Directors 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 The Three Horseshoes (Little Cowarne) Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity 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 Board of Directors of The Three Horseshoes (Little Cowarne) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Three Horseshoes (Little Cowarne) Limited and state those matters that we have agreed to state to the Board of Directors of The Three Horseshoes (Little Cowarne) Limited, as a body, 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 The Three Horseshoes (Little Cowarne) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Three Horseshoes (Little Cowarne) 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 profit of The Three Horseshoes (Little Cowarne) Limited. You consider that The Three Horseshoes (Little Cowarne) 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 The Three Horseshoes (Little Cowarne) 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.

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Grove Farm

Portway, Burghill

Hereford

HR4 8NF

8 December 2025

FIXED ASSETS

Tangible assets

4

17,107

389,569

Investment property

5

425,000

-

442,107

389,569

CURRENT ASSETS

Debtors

6

-

1,126

Cash at bank

2,797

474

2,797

1,600

CREDITORS

Amounts falling due within one year

7

67,058

64,520

NET CURRENT LIABILITIES

(64,261

)

(62,920

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

377,846

326,649

CREDITORS

Amounts falling due after more than one
year

8

(383,942

)

(400,975

)

PROVISIONS FOR LIABILITIES

9

(4,529

)

-

NET LIABILITIES

(10,625

)

(74,326

)

CAPITAL AND RESERVES

Allotted, issued and fully

paid share capital

100

Non-distributable reserve

51,640

-

Retained deficit

(62,365

)

(74,426

)

(10,625

)

(74,326

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

J Abell - Director

1.	STATUTORY INFORMATION

The Three Horseshoes (Little Cowarne) 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 as modified by the revaluation of certain assets.

Going concern

The company had net current liabilities of £64,261 and net liabilities of £10,625 at the year end. The liabilities includes directors' loans of £433,942. The directors have confirmed they do not intend to draw down on their directors' loan balances unless funds allow. The directors have considered the cash flows for the 12 months from the date of approval of these accounts and consider that the company will continue to operate within its agreed finance facilities. The company has the ongoing support of its directors to continue as a going concern.

On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis.

Turnover

Turnover represents rental income, stated net of discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when the significant risks and rewards of ownership have passed to the buyer, when the amount of revenue can be measured reliably, when it is probable that the economic benefits associated with the transaction will flow to the entity and when the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rental income is therefore recognised when the tenant has occupied the property or has had access to it during the rental period.

Tangible fixed assets

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

Freehold property

-

2% on cost

Improvements to property

-

5% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3.

EMPLOYEES

The average number of employees during the year was NIL (2024 - 6 ).

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

Plant and

and

property

machinery

fittings

Totals

£

COST

At 1 April 2024

352,899

48,612

20,365

22,932

444,808

Reclassification/transfer

(352,899

)

(48,612

)

-

(401,511

)

At 31 March 2025

-

20,365

22,932

43,297

DEPRECIATION

At 1 April 2024

28,464

4,861

10,858

11,056

55,239

Charge for year

-

1,901

2,375

4,276

Reclassification/transfer

(28,464

)

(4,861

)

-

(33,325

)

At 31 March 2025

-

12,759

13,431

26,190

NET BOOK VALUE

At 31 March 2025

-

7,606

9,501

17,107

At 31 March 2024

324,435

43,751

9,507

11,876

389,569

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Reclassification/transfer

425,000

At 31 March 2025

425,000

NET BOOK VALUE

At 31 March 2025

425,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

23,489

Cost

401,511

425,000

Investment property was valued on an open market basis on 31 March 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Deferred tax asset

-

1,126

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Tax

2,758

-

Directors' current accounts

50,000

Accruals and deferred income

14,300

14,520

67,058

64,520

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Directors' loan accounts

383,942

400,975

9.	PROVISIONS FOR LIABILITIES

2025

£

Deferred tax

Accelerated capital allowances

(645

)

Investment property

5,174

4,529

Deferred

tax

£

Balance at 1 April 2024

(1,126

)

Accelerated capital allowances

481

Investment property

5,174

Balance at 31 March 2025

4,529

10.	RELATED PARTY DISCLOSURES

Included in creditors due in less than one year is a directors' current account of £50,000 (2024: £50,000). This is interest free and repayable on demand.

Included in creditors due after one year is a directors' loan account of £383,942 (2024: £400,975). Interest of £1,607 (2024: £1,696) at 0.4% has been charged on this. The loan is repayable after one year's notice has been given by the directors.