ACCOUNTS - Final Accounts

Registered number: 02758360

HORSDON ENTERPRISES LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2025

HORSDON ENTERPRISES LIMITED

REGISTERED NUMBER:02758360

STATEMENT OF FINANCIAL POSITION

AS AT 31 AUGUST 2025

		As restated
	2025	2024
Note	£	£

Current assets
Debtors: amounts falling due within one year	4	69,212		234,749
Cash at bank and in hand		95,284		52,794
		164,496		287,543
Creditors: amounts falling due within one year	5	(46,215)		(132,368)
Net current assets			118,281		155,175
Net assets			118,281		155,175

Capital and reserves
Called up share capital	2	2
Profit and loss account	118,279	155,173
	118,281	155,175

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr N Hall	Mr G L Howe
Director	Director

Date: 9 December 2025

The notes on pages 2 to 4 form part of these financial statements.

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HORSDON ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1.	GENERAL INFORMATION

The Company is limited by share capital and registered in the United Kingdom. The registered office is Bursar's Office, Blundell's School, Tiverton, Devon, EX16 4DT.
The principal activities of the Company are the carrying out of non-primary purpose trading activities on behalf of Blundell's School, which is a registered charity.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

GOING CONCERN

In our consideration of the presumption of going concern as the basis for the preparation of the report and financial statements, the directors have concluded that no material uncertainties have been identified that may cast significant doubt about the ability of the Company to continue as a going concern. The Company already has positive bookings figures for 2025/2026. The directors therefore have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, we continue to adopt the going concern basis in preparing the financial statements.

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HORSDON ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.3

REVENUE

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.

2.6

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 1 (2024: 1).

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HORSDON ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

DEBTORS

						As restated
					2025	2024
					£	£


Trade debtors	69,212	234,749
	69,212	234,749

5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Trade creditors	-	893
Amounts owed to group undertakings	-	111,774
Other taxation and social security	9,622	14,076
Accruals and deferred income	36,593	5,625
	46,215	132,368

6.	PRIOR YEAR ADJUSTMENT

The financial statements have been restated to incorporate the impact of a post-year end credit note that related to the year ended 31 August 2024. The change has resulted in retained earnings at 31 August 2024 decreasing by £21,767.

7.	RELATED PARTY TRANSACTIONS
	The Company has taken advantage of the exemption allowed under paragraph 33.1A of FRS102 not to disclose related party transactions within the group on the grounds that it is a wholly owned subsidiary of a group, headed by Blundell's School, whose financial statements are publicly available.

8.	CONTROLLING PARTY

The immediate and ultimate parent undertaking and controlling party is Blundell's School; a charity and a company registered in England and Wales. The consolidated financial statements of Blundell's School can be obtained from Blundell's School, Blundell's Road, Tiverton, Devon, EX16 4DT.

9.	AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 31 August 2025 was unqualified.

The audit report was signed on 10 December 2025 by Mark Munro BA FCA (Senior statutory auditor) on behalf of Bishop Fleming Audit Limited.

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