Registration number: 07091936

The Durdans Stables Limited

Contents

Company Information	1
Statement of Financial Position	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

The Durdans Stables Limited

Company Information

Directors

S D Cooper T A Cooper

Registered office

The Durdans Stables Chalk Lane Epsom Surrey KT18 7AX

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

The Durdans Stables Limited

Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	653,057	648,561
Current assets
Stocks	5	2,010	1,021
Debtors	6	219,006	169,597
Cash at bank and in hand		5,514	1,785
		226,530	172,403
Creditors: Amounts falling due within one year	7	(116,868)	(94,943)
Net current assets		109,662	77,460
Total assets less current liabilities		762,719	726,021
Creditors: Amounts falling due after more than one year	7	(6,988)	(12,542)
Net assets		755,731	713,479
Capital and reserves
Called up share capital		100	100
Retained earnings		755,631	713,379
Shareholders' funds		755,731	713,479

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of The Durdans Stables Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

The Durdans Stables Limited

Statement of Financial Position as at 31 December 2024

Approved and authorised by the Board on 11 December 2025 and signed on its behalf by:
 

.........................................

S D Cooper

Director

Company registration number: 07091936

The Durdans Stables Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Durdans Stables
Chalk Lane
Epsom
Surrey
KT18 7AX

The principal activity of the company is that of the provision of livery services at an equestrian facility.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit for the year ended 31 December 2024 and had net assets of £755,731 at that date.

The directors have assessed the current economic conditions and global events and do not believe they will have a material effect on the company which continues to trade profitably subsequent to 31 December 2024.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the livery services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue for livery services when the amount of revenue can be reliably measured over the period in which the livery services are provided.

The Durdans Stables Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Government grants

Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment.

Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives to their estimated residual values, as follows:

Asset class	Depreciation method and rate
Leasehold property	Over the lease term
Leasehold improvements	Over the lease term
Machinery, fixtures and fittings	25% straight line

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

The Durdans Stables Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company during the year, was 7 (2023 - 7).

The Durdans Stables Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Leasehold property £	Leasehold improvements £	Machinery, fixtures and fittings £	Total £
Cost or valuation
At 1 January 2024	305,022	343,539	110,619	759,180
Additions	-	-	5,995	5,995
At 31 December 2024	305,022	343,539	116,614	765,175
Depreciation
At 1 January 2024	-	-	110,619	110,619
Charge for the year	-	-	1,499	1,499
At 31 December 2024	-	-	112,118	112,118
Carrying amount
At 31 December 2024	305,022	343,539	4,496	653,057
At 31 December 2023	305,022	343,539	-	648,561

5

Stocks

	2024 £	2023 £
Stock	2,010	1,021

6

Debtors

	2024 £	2023 £
Trade debtors	3,173	953
Amounts owed by group undertakings	204,848	156,500
Other debtors	10,985	12,144
	219,006	169,597

The Durdans Stables Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Loans and borrowings	8	5,554	4,805
Taxation and social security		20,300	14,566
Other creditors		91,014	75,572
		116,868	94,943

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Loans and borrowings	8	6,988	12,542

8	Loans and borrowings

	2024 £	2023 £
Current loans and borrowings
Bank loan	5,554	4,805

 

	2024 £	2023 £
Non-current loans and borrowings
Bank loan	6,988	12,542

9	Contingencies

The company has given an unlimited guarantee in respect of the bank borrowings of the parent undertaking. At 31 December 2024 the net amount due was £1,170,711 (2023: £1,225,108) but no liability is expected to arise. The guarantee is secured by a fixed charge over the company's leasehold property.

10	Related party transactions

In accordance with FRS 102 paragraph 1AC.35 exemption is taken not to disclose transactions in the year or amounts falling due between undertakings where 100% of the voting rights are controlled within the group.

11	Transactions with directors

At 31 December 2024 an amount of £10,985 (2023: £12,144) was due from a director. During the year there was repayments of £1,167. No interest is payable to the company (2023: £292) and there are no agreed terms.