REGISTERED NUMBER: 11858170 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Talbot Sport Horses Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss T N A Talbot

REGISTERED OFFICE:

The Old Stables

Sutton Manor Farm

Bishop's Sutton

Alresford

Hampshire

SO24 0AA

REGISTERED NUMBER:

11858170 (England and Wales)

ACCOUNTANTS:

Butler & Co Alresford Limited

Chartered Accountants

The Old Stables

Sutton Manor Farm

Bishops Sutton

Alresford

Hampshire

SO24 0AA

FIXED ASSETS

Tangible assets

4

16,422

12,395

CURRENT ASSETS

Stocks

20,250

77,176

Debtors

5

3,469

2,459

Cash at bank

41,368

15,866

65,087

95,501

CREDITORS

Amounts falling due within one year

6

84,752

84,515

NET CURRENT (LIABILITIES)/ASSETS

(19,665

)

10,986

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,243

)

23,381

PROVISIONS FOR LIABILITIES

7

-

2,355

NET (LIABILITIES)/ASSETS

(3,243

)

21,026

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(3,343

)

20,926

SHAREHOLDERS' FUNDS

(3,243

)

21,026

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 22 December 2025 and were signed by:

Miss T N A Talbot - Director

1.	STATUTORY INFORMATION

Talbot 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 period of approval of these financial statement and given the company assurances that the director will not withdraw their financial support. On this basis, the director believes that it is prudent to prepare the accounts on a going concern basis.

If this assumption proves to be 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.

Tangible fixed assets

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

Plant and machinery

-

25% reducing balance basis

Fixtures and fittings

-

25% reducing balance basis

Computer equipment

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

8,440

22,512

349

31,301

Additions

9,500

-

-

9,500

At 31 March 2025

17,940

22,512

349

40,801

DEPRECIATION

At 1 April 2024

5,542

13,015

349

18,906

Charge for year

2,568

2,905

-

5,473

At 31 March 2025

8,110

15,920

349

24,379

NET BOOK VALUE

At 31 March 2025

9,830

6,592

-

16,422

At 31 March 2024

2,898

9,497

-

12,395

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

2,308

Deferred tax asset

3,338

-

Prepayments

131

151

3,469

2,459

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,710

1,500

Directors' current accounts

81,422

81,515

Accrued expenses

1,620

1,500

84,752

84,515

7.	PROVISIONS FOR LIABILITIES

2024

£

Deferred tax

2,355

Deferred

tax

£

Balance at 1 April 2024

2,355

Accelerated capital allowances

765

Losses

(6,458

)

Balance at 31 March 2025

(3,338

)

8.	RELATED PARTY DISCLOSURES

Miss T N A Talbot

Director

As at the balance sheet date, Miss Talbot was owed a balance of £81,422 (2024: £81,515). This loan is given interest free and is unsecured.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director, Miss T N A Talbot, by virtue of her 100% shareholding.