REGISTERED NUMBER: 03165649 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MONARCH EQUESTRIAN LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

T A Holliday

A Holliday

REGISTERED OFFICE:

C/o C& H Engineering

Kings Street

Willenhall

West Midlands

WV13 1QT

REGISTERED NUMBER:

03165649 (England and Wales)

ACCOUNTANTS:

Poole Waterfield Limited

Ground Floor

Custom House

Waterfront East

Brierley Hill

West Midlands

DY5 1XH

CURRENT ASSETS

Stocks

615,000

1,075,000

Debtors

4

3,927,437

3,590,069

Cash at bank and in hand

853,217

773,114

5,395,654

5,438,183

CREDITORS

Amounts falling due within one year

5

1,772,863

2,217,936

NET CURRENT ASSETS

3,622,791

3,220,247

TOTAL ASSETS LESS CURRENT LIABILITIES

3,622,791

3,220,247

CAPITAL AND RESERVES

Called up share capital

6

1,000

1,000

Retained earnings

3,621,791

3,219,247

SHAREHOLDERS' FUNDS

3,622,791

3,220,247

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2025 and were signed on its behalf by:

T A Holliday - Director

1.	STATUTORY INFORMATION

Monarch 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.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from the sale of goods is recognised when:

(a) the significant risks and rewards of ownership have passed to the buyer.

(b) the amount of revenue can be reliably measured.

(c) it is probable that the economic benefits associated with the transaction will flow to the company.

(d) the costs incurred, or to be incurred, in respect of the transaction can be measured reliably.

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 Income Statement, 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.

Operating leases

Rentals payable under operating leases are charged to income as incurred.

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 the Income Statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2024 - 54 ) .

4.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

1,561

20,501

Other debtors

1,755,390

2,523,647

1,756,951

2,544,148

Amounts falling due after more than one year:

Other debtors

2,170,486

1,045,921

Aggregate amounts

3,927,437

3,590,069

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

548,239

389,558

Taxation and social security

180,273

102,611

Other creditors

1,044,351

1,725,767

1,772,863

2,217,936

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1,000

Ordinary

£1

1,000

1,000

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

T A Holliday

Balance outstanding at start of year

40,790

22,000

Amounts advanced

-

75,160

Amounts repaid

-

(56,370

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

40,790

40,790

The above loan is unsecured, interest free and repayable on demand.

8.	RELATED PARTY DISCLOSURES

Loddon Equestrian Limited-

There is an amount due from Loddon Equestrian Limited ("Loddon") of £182,040 (2024-£176,199). During the year the company has made sales to Loddon of £268,290 (2024-£19,597).The company is related by way of common directorship.

Monarch Equestrian Holdings Limited ("MEHL") -

There is an amount due from Monarch Equestrian Holdings Limited of £2,170,486 (2024-£1,045,921). The company is related by way being a wholly owned subsidiary.

There is an amount due of £1,119,472 (2024- £2,049,837) from partnerships for which the directors are partners. During the year the company has made sales to the partnerships of £228,465 (2024: £255,508) and purchases from the partnerships of £494,081 (2024:£27,240).

All of these amounts have been included in other debtors.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the Holliday family.