REGISTERED NUMBER: 12591031 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Rees Sport Horses Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs D V Rees-Aris

REGISTERED OFFICE:

The Old Stables

Sutton Manor Farm

Bishops Sutton

Alresford

Hampshire

SO24 0AA

REGISTERED NUMBER:

12591031 (England and Wales)

ACCOUNTANTS:

Butler & Co Alresford Limited

Chartered Accountants

The Old Stables

Sutton Manor Farm

Bishops Sutton

Alresford

Hampshire

SO24 0AA

CURRENT ASSETS

Stocks

4

29,824

22,134

Debtors

5

2,777

-

Cash at bank

261

20,015

32,862

42,149

CREDITORS

Amounts falling due within one year

6

42,469

39,917

NET CURRENT (LIABILITIES)/ASSETS

(9,607

)

2,232

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,607

)

2,232

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(9,707

)

2,132

SHAREHOLDERS' FUNDS

(9,607

)

2,232

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 her 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 director and authorised for issue on 17 December 2025 and were signed by:

Mrs D V Rees-Aris - Director

1.	STATUTORY INFORMATION

Rees Sport Horses 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 financial statements for the period under review have been prepared on a going concern basis. The director has considered a period of twelve months from the date of approval of these financial statements. On this basis, the director believes that it is prudent to prepare the accounts on a going concern basis

The company is reliant on the support of the director to enable Rees Sport Horses Limited to meet its day to day financial obligations. The director has confirmed that she will continue to support the company for at least twelve months beyond the approval date of these financial statements, and will not withdraw the loan facility provided if this would render the company unable to pay its liabilities as they fall due.

If this assumption proves inappropriate, then adjustments may have to be made to adjust the assets to their recoverable amounts and to provide for any further liabilities which may arise.

Turnover

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

Stocks

Stocks are valued at fair value less cost to sell.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.

STOCKS

2025

2024

£

£

Stud and AI valuation

838

6,774

Bloodstock valuation

28,986

15,360

29,824

22,134

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

494

-

Deferred tax asset

2,283

-

2,777

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

-

494

Directors' current accounts

41,329

38,354

Accrued expenses

1,140

1,069

42,469

39,917

7.	DEFERRED TAX

£

Deferred losses

(2,283

)

Balance at 31 March 2025

(2,283

)

8.	RELATED PARTY DISCLOSURES

Mrs D Rees-Aris

Director and shareholder

During the year, Mrs D Rees-Aris, the sole director and shareholder of the company, met expenses worth £18,163 (2024: £14,811) on behalf of Rees Sport Horses Limited. At the balance sheet date, Rees Sport Horses Limited owed Mrs Rees-Aris a total of £41,329 (2024: £38,354). This balance is given interest free and is unsecured.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs D Rees-Aris, the director of the company, by virtue of her 100% shareholding in the company.