Company No: 09164563 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	0		40,514
		0		40,514
Current assets
Stocks	4	100,818		337,317
Debtors	5	2,070		35,247
Cash at bank and in hand		6,472		6,212
		109,360		378,776
Creditors: amounts falling due within one year	6	( 2,955)		( 4,299,013)
Net current assets/(liabilities)		106,405		(3,920,237)
Total assets less current liabilities		106,405		(3,879,723)
Net assets/(liabilities)		106,405		( 3,879,723)
Capital and reserves
Called-up share capital		4,015,060		2
Profit and loss account		( 3,908,655 )		( 3,879,725 )
Total shareholders' funds/(deficit)		106,405		( 3,879,723)

For the financial year ending 31 March 2025 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Manton Grange Stables Limited (registered number: 09164563) were approved and authorised for issue by the Board of Directors on 16 December 2025. They were signed on its behalf by:

Emma Joan Goltz Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Manton Grange Stables Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Manton Grange Preshute Lane, Manton, Marlborough, SN8 4HQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Manton Grange Stables Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue arising from the provision of services is recognised by reference to the stage of completion as follows:
[include details of the specific recognition and measurement policies for each significant type of service provided]
When the stage of completion cannot be measured reliably revenue is recognised up to the extent of recoverable expenses and accordingly no profit is recognised.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	10 years straight line
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 April 2024	10,481		246,189		7,040		263,710
Disposals	( 10,481)		( 246,189)		( 7,040)		( 263,710)
At 31 March 2025	0		0		0		0
Accumulated depreciation
At 01 April 2024	6,288		213,327		3,581		223,196
Charge for the financial year	1,051		8,216		865		10,132
Disposals	( 7,339)		( 221,543)		( 4,446)		( 233,328)
At 31 March 2025	0		0		0		0
Net book value
At 31 March 2025	0		0		0		0
At 31 March 2024	4,193		32,862		3,459		40,514

4. Stocks

	2025		2024
	£		£
Stocks	100,818		337,317

5. Debtors

	2025		2024
	£		£
VAT recoverable	2,070		35,247

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	0		6,645
Amounts owed to Group undertakings	0		1,735,887
Amounts owed to directors	0		2,553,101
Accruals	2,955		3,380
	2,955		4,299,013

7. Related party transactions

Included within creditors is £nil (2024: £2,553,101) due to the directors personally and £nil (2024: £1,735,887) due to a partnership of which the directors are partners. Within the year, the amount included in creditors at 31 March 2025 due to the directors personally (£2,531,673) and the amount due to a partnership of which the directors are partners (£1,483,385) has been issued as share capital to the directors.