REGISTERED NUMBER: 11269536 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

HORTON'S STEAM FAIR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J A Horton

SECRETARY:

Gibson Whitter Secretaries Limited

REGISTERED OFFICE:

Larch House

Parklands Business Park

Denmead

Hampshire

PO7 6XP

REGISTERED NUMBER:

11269536 (England and Wales)

ACCOUNTANTS:

Gibson Whitter

Chartered Accountants

and Chartered Tax Advisers

Larch House

Parklands Business Park

Denmead

Hampshire

PO7 6XP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

174,651

164,474

174,651

164,474

CURRENT ASSETS

Debtors

6

92,146

18,432

Cash at bank and in hand

56,397

80,985

148,543

99,417

CREDITORS

Amounts falling due within one year

7

140,670

117,065

NET CURRENT ASSETS/(LIABILITIES)

7,873

(17,648

)

TOTAL ASSETS LESS CURRENT LIABILITIES

182,524

146,826

CREDITORS

Amounts falling due after more than one year

8

(2,636

)

(7,693

)

PROVISIONS FOR LIABILITIES

9

(6,312

)

(6,858

)

NET ASSETS

173,576

132,275

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

173,476

132,175

173,576

132,275

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 director acknowledges his 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 and authorised for issue by the director and authorised for issue on 17 December 2025 and were signed by:

Mr J A Horton - Director

1.	STATUTORY INFORMATION

Horton's Steam Fair 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 had net current liabilities at the balance sheet date due to amounts owed to the director. The director has confirmed that he will not request repayment of this until the company is in a financial position to do so and therefore the accounts have been prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

30,000

AMORTISATION

At 1 April 2024

and 31 March 2025

30,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

20,234

194,198

214,432

Additions

-

22,544

22,544

At 31 March 2025

20,234

216,742

236,976

DEPRECIATION

At 1 April 2024

-

49,958

49,958

Charge for year

-

12,367

12,367

At 31 March 2025

-

62,325

62,325

NET BOOK VALUE

At 31 March 2025

20,234

154,417

174,651

At 31 March 2024

20,234

144,240

164,474

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

23,607

DEPRECIATION

At 1 April 2024

17,849

Charge for year

1,439

At 31 March 2025

19,288

NET BOOK VALUE

At 31 March 2025

4,319

At 31 March 2024

5,758

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

23,575

776

Other debtors

68,571

17,656

92,146

18,432

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

5,195

5,071

Trade creditors

45,668

5,164

Taxation and social security

8,399

8,960

Other creditors

81,408

97,870

140,670

117,065

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

2,636

7,693

Other creditors above relate to a Bounce Back loan.

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

6,312

6,858

Deferred

tax

£

Balance at 1 April 2024

6,858

Utilised during year

(546

)

Balance at 31 March 2025

6,312

10.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the director £77,267 (31.3.24: £89,998).

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr J Horton by virtue of his shareholding.