REGISTERED NUMBER: 06627572 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MAXIMA EQUESTRIAN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

H M Rudgley

J S Rudgley

SECRETARY:

H M Rudgley

REGISTERED OFFICE:

20 Havelock Road

Hastings

East Sussex

TN34 1BP

REGISTERED NUMBER:

06627572 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

FIXED ASSETS

Tangible assets

4

1,885

2,072

CURRENT ASSETS

Stocks

5

38,728

27,000

Debtors

6

16,429

12,708

Cash at bank and in hand

6,996

6,509

62,153

46,217

CREDITORS

Amounts falling due within one year

7

46,815

81,232

NET CURRENT ASSETS/(LIABILITIES)

15,338

(35,015

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,223

(32,943

)

PROVISIONS FOR LIABILITIES

8

135

110

NET ASSETS/(LIABILITIES)

17,088

(33,053

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

17,086

(33,055

)

SHAREHOLDERS' FUNDS

17,088

(33,053

)

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 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 8 December 2025 and were signed on its behalf by:

H M Rudgley - Director

1.	STATUTORY INFORMATION

Maxima Equestrian 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.

The Company continues to trade and meet its' liabilities as they fall due. Therefore the going concern basis of preparation has been adopted as the directors are satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities for the foreseeable future.

Turnover

Turnover represents net invoiced sale of horse equipment and treats, excluding value added tax. Turnover is recognised at the point at which consideration is received.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2024

11,457

881

12,338

Additions

289

-

289

At 31 March 2025

11,746

881

12,627

DEPRECIATION

At 1 April 2024

9,390

876

10,266

Charge for year

471

5

476

At 31 March 2025

9,861

881

10,742

NET BOOK VALUE

At 31 March 2025

1,885

-

1,885

At 31 March 2024

2,067

5

2,072

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

38,728

27,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,737

1,636

Other debtors

4,353

-

VAT

2,442

1,450

Prepayments

7,897

9,622

16,429

12,708

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Tax

15,301

5,386

Social security and other taxes

1,171

6

Other creditors

25,448

25,958

Directors' current accounts

2,855

47,932

Accrued expenses

2,040

1,950

46,815

81,232

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

Accelerated capital allowances

135

110

Deferred

tax

£

Balance at 1 April 2024

110

Provided during year

25

Balance at 31 March 2025

135

9.	RELATED PARTY DISCLOSURES

As at the balance sheet date, the directors of the entity were owed £2,855 (2024: £47,932).

As at the balance sheet date the company owed £25,448 (2024: £25,958) to Maxima Homes Ltd, a company registered in England & Wales. The entities are related by virtue of the fact that they are under common control.

Neither of these loans have any terms attached.

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 Income Statement 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 Maxima Equestrian Limited for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 icaew.com/membershandbook.

This report is made solely to the Board of Directors of Maxima Equestrian 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 Maxima Equestrian Limited and state those matters that we have agreed to state to the Board of Directors of Maxima Equestrian Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Maxima Equestrian Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Maxima Equestrian 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 Maxima Equestrian Limited. You consider that Maxima Equestrian 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 Maxima Equestrian 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.

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

Date: .............................................