Windsor Equestrian Promotions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03161418 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WINDSOR EQUESTRIAN PROMOTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S H Brooks-Ward

REGISTERED OFFICE:

The Royal Mews

Windsor Castle

Windsor

Berkshire

SL4 1NG

REGISTERED NUMBER:

03161418 (England and Wales)

ACCOUNTANTS:

Oury Clark Chartered Accountants

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Tangible assets

4

115,540

129,358

CURRENT ASSETS

Debtors

5

2,875,147

2,608,965

Cash at bank and in hand

1,224,719

1,506,479

4,099,866

4,115,444

CREDITORS

Amounts falling due within one year

6

2,280,491

2,010,600

NET CURRENT ASSETS

1,819,375

2,104,844

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,934,915

2,234,202

PROVISIONS FOR LIABILITIES

7

-

260,000

NET ASSETS

1,934,915

1,974,202

CAPITAL AND RESERVES

Called up share capital

8

1

Capital reserve

25,056

Retained earnings

1,909,858

1,949,145

SHAREHOLDERS' FUNDS

1,934,915

1,974,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 by the director and authorised for issue on 24 December 2025 and were signed by:

S H Brooks-Ward - Director

1.	STATUTORY INFORMATION

Windsor Equestrian Promotions 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 as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net invoiced services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

20% on cost, 10% on cost and 4% on cost

Plant and machinery etc

-

33% on cost, 25% on cost and 20% on cost

Financial instruments

Basic financial instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any Other financial instruments as covered by Section 12 of FRS102.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2024

570,088

225,180

795,268

Additions

-

4,500

At 31 December 2024

570,088

229,680

799,768

DEPRECIATION

At 1 January 2024

570,088

95,822

665,910

Charge for year

-

18,318

At 31 December 2024

570,088

114,140

684,228

NET BOOK VALUE

At 31 December 2024

-

115,540

At 31 December 2023

-

129,358

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

1,681,661

633,287

Other debtors

1,193,486

1,975,678

2,875,147

2,608,965

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

26,092

58,813

Amounts owed to group undertakings

142,512

131,012

Taxation and social security

83,003

69,303

Other creditors & accruals

2,028,884

1,751,472

2,280,491

2,010,600

7.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

Other provisions

Provision

-

260,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

1

Ordinary

£1

1

9.	ULTIMATE CONTROLLING PARTY

The controlling party is S H Brooks-Ward by virtue of his controlling interest in WEP Worldwide Limited, the ultimate parent company.