Trojan Equine Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04615804

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		207,016		200,548

			207,016		200,548
CURRENT ASSETS
Stocks	5	132,631		124,959
Debtors	6	1,530		1,815
Cash at bank and in hand		5,743		18,829

		139,904		145,603
Creditors: Amounts Falling Due Within One Year	7	(466,776 )		(414,248 )

NET CURRENT ASSETS (LIABILITIES)			(326,872 )		(268,645 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(119,856 )		(68,097 )

Creditors: Amounts Falling Due After More Than One Year	8		(265,242 )		(265,381 )

NET LIABILITIES			(385,098 )		(333,478 )

CAPITAL AND RESERVES
Called up share capital	10		200,000		200,000
Profit and Loss Account			(585,098 )		(533,478 )

SHAREHOLDERS' FUNDS			(385,098)		(333,478)

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Trojan Equine Limited

Balance Sheet (continued)

As At 31 March 2025

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Jonathan Pett

Director

30/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Trojan Equine Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04615804 . The registered office is Brynlluan Farm, Porthyrhyd, Carmarthen, SA32 8PR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	5% Straight line
Leasehold	5% Straight line
Plant & Machinery	20% Straight line
Motor Vehicles	20% Straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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Trojan Equine Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 April 2024	200,804	66,882	145,914	413,600
Additions	-	42,890	-	42,890

As at 31 March 2025	200,804	109,772	145,914	456,490

Depreciation
As at 1 April 2024	36,191	55,897	120,964	213,052
Provided during the period	21,600	2,847	11,975	36,422

As at 31 March 2025	57,791	58,744	132,939	249,474

Net Book Value
As at 31 March 2025	143,013	51,028	12,975	207,016

As at 1 April 2024	164,613	10,985	24,950	200,548

5. Stocks

	2025	2024
	£	£
Stock	132,631	124,959

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	(117 )	(195 )
Other debtors	1,647	1,587
VAT	-	423

	1,530	1,815

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	4,799	4,799
Trade creditors	3,787	2,066
Bank loans and overdrafts	9,679	11,232
VAT	977	-
Other creditors	3,412	4,829
Directors' loan accounts	444,122	391,322

	466,776	414,248

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Trojan Equine Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	7,689	13,423
Bank loans	7,303	15,708
Other loans	250,250	236,250

	265,242	265,381

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	4,799	4,799
Later than one year and not later than five years	7,689	13,423

	12,488	18,222

	12,488	18,222

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	200,000	200,000

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