Caseware UK (AP4) 2024.0.164 2024.0.164 2025-06-30 2025-06-30 2025-06-30 true 2024-07-01 false Promotion of the equestrian industry 0 0 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01353314 2024-07-01 2025-06-30 01353314 2023-07-01 2024-06-30 01353314 2025-06-30 01353314 2024-06-30 01353314 c:Director6 2024-07-01 2025-06-30 01353314 d:MotorVehicles 2024-07-01 2025-06-30 01353314 d:FurnitureFittings 2024-07-01 2025-06-30 01353314 d:OfficeEquipment 2024-07-01 2025-06-30 01353314 d:CurrentFinancialInstruments 2025-06-30 01353314 d:CurrentFinancialInstruments 2024-06-30 01353314 d:Non-currentFinancialInstruments 2025-06-30 01353314 d:Non-currentFinancialInstruments 2024-06-30 01353314 d:CurrentFinancialInstruments d:WithinOneYear 2025-06-30 01353314 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 01353314 d:RetainedEarningsAccumulatedLosses 2025-06-30 01353314 d:RetainedEarningsAccumulatedLosses 2024-06-30 01353314 d:RetainedEarningsAccumulatedLosses 2023-07-01 01353314 c:FRS102 2024-07-01 2025-06-30 01353314 c:OtherReportingRegime 2024-07-01 2025-06-30 01353314 c:FullAccounts 2024-07-01 2025-06-30 01353314 c:CompanyLimitedByGuarantee 2024-07-01 2025-06-30 01353314 d:Subsidiary1 2025-06-30 01353314 d:Subsidiary1 2024-07-01 2025-06-30 01353314 d:Subsidiary1 1 2024-07-01 2025-06-30 01353314 d:Subsidiary2 2025-06-30 01353314 d:Subsidiary2 2024-07-01 2025-06-30 01353314 d:Subsidiary2 1 2024-07-01 2025-06-30 01353314 d:WithinOneYear 2025-06-30 01353314 d:WithinOneYear 2024-06-30 01353314 d:BetweenOneFiveYears 2025-06-30 01353314 d:BetweenOneFiveYears 2024-06-30 01353314 c:Consolidated 2025-06-30 01353314 c:ConsolidatedGroupCompanyAccounts 2024-07-01 2025-06-30 01353314 2 2024-07-01 2025-06-30 01353314 6 2024-07-01 2025-06-30 01353314 e:PoundSterling 2024-07-01 2025-06-30 iso4217:GBP xbrli:pure

Company Registration Number: 01353314 BRITISH EQUESTRIAN TRADE ASSOCIATION LIMITED(THE) (A Company Limited by Guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
BRITISH EQUESTRIAN TRADE ASSOCIATION LIMITED(THE) (A Company Limited by Guarantee) REGISTERED NUMBER: 01353314 CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 20,664 |  | 2,469
Current assets |  |  |  |  |
Stocks | 7 | 7,782 |  | 5,325 |
Debtors: amounts falling due after more than one year | 8 | 150,000 |  | - |
Debtors: amounts falling due within one year | 8 | 161,007 |  | 226,148 |
Cash at bank and in hand | 9 | 644,873 |  | 727,810 |
|  | 963,662 |  | 959,283 |
Creditors: amounts falling due within one year | 10 | (92,283) |  | (396,338) |
Net current assets |  |  | 871,379 |  | 562,945
Total assets less current liabilities |  |  | 892,043 |  | 565,414
Net assets |  |  | 892,043 |  | 565,414
Capital and reserves |  |  |  |  |
Profit and loss account |  |  | 892,043 |  | 565,414
|  |  | 892,043 |  | 565,414
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the consolidated statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................ W B Hofstee
Director
Date: 10 December 2025
The notes on pages 4 to 11 form part of these financial statements. Page 1
BRITISH EQUESTRIAN TRADE ASSOCIATION LIMITED(THE) (A Company Limited by Guarantee) REGISTERED NUMBER: 01353314 COMPANY STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Fixed asset investments |  |  | 356,956 |  | 356,956
Current assets |  |  |  |  |
Stocks | 7 | 7,782 |  | 5,325 |
Debtors: amounts falling due within one year | 8 | 433,415 |  | 444,043 |
Cash at bank and in hand | 9 | 46,438 |  | 18,171 |
|  | 487,635 |  | 467,539 |
Creditors: amounts falling due within one year | 10 | (53,841) |  | (55,384) |
Net current assets |  |  | 433,794 |  | 412,155
Total assets less current liabilities |  |  | 790,750 |  | 769,111
Net assets |  |  | 790,750 |  | 769,111
Capital and reserves |  |  |  |  |
Profit and loss account brought forward |  | 769,111 |  | 730,309 |
Profit for the year |  | 21,639 |  | 38,802 |
Profit and loss account carried forward |  |  | 790,750 |  | 769,111
|  |  | 790,750 |  | 769,111
The directors consider that the Company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the consolidated statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................ W B Hofstee
Director
Date: 10 December 2025
The notes on pages 4 to 11 form part of these financial statements. Page 2
BRITISH EQUESTRIAN TRADE ASSOCIATION LIMITED(THE) (A Company Limited by Guarantee) REGISTERED NUMBER: 01353314 COMPANY STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 30 JUNE 2025 Page 3
BRITISH EQUESTRIAN TRADE ASSOCIATION LIMITED(THE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. | General information
The Company is a private company limited by guarantee incorporated and domiciled in the United Kingdom. Its registered office is Carlshead Business Centre, Paddock House Lane, Sicklinghall, Wetherby, West Yorkshire, LS22 4BJ. The principal activity of the company is the promotion of the equestrian industry. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The consolidated financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements. The following principal accounting policies have been applied:
| 2.2 | Basis of consolidation
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full. The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of Financial Position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Income and Retained Earnings from the date on which control is obtained. They are deconsolidated from the date control ceases. Page 4
BRITISH EQUESTRIAN TRADE ASSOCIATION LIMITED(THE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Group has transferred the significant risks and rewards of ownership to the buyer; ∙the Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Group will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Group will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following methods. Depreciation is provided on the following basis:
|  |  |  | Motor vehicles | - | 33% straight line or 33% reducing balance
|  |  |  | Fixtures and fittings | - | 20 - 25% straight line
|  |  |  | Office equipment | - | 33% straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Page 5
BRITISH EQUESTRIAN TRADE ASSOCIATION LIMITED(THE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.5 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.6 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.7 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.8 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.9 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.10 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Page 6
BRITISH EQUESTRIAN TRADE ASSOCIATION LIMITED(THE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.11 | Operating leases: the Group as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.12 | Pensions
Defined contribution pension plan The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Group in independently administered funds.
| 2.13 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.14 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.15 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company and the Group operate and generate income.
3. | Employees
| The average monthly number of employees, including directors, during the year was 6 (2024 - 6).
4. | Parent company profit for the year
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements. The profit after tax of the parent Company for the year was £21,639 (2024 - £38,802). Page 7
BRITISH EQUESTRIAN TRADE ASSOCIATION LIMITED(THE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
5. | Tangible fixed assets
| Group
|  | Motor vehicles | Fixtures and fittings | Office equipment | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 July 2024 | 52,800 | 46,069 | 127,416 | 226,285
| Additions | 30,995 | - | 4,795 | 35,790
| Disposals | (16,000) | - | (97,552) | (113,552)
| At 30 June 2025 | 67,795 | 46,069 | 34,659 | 148,523
| Depreciation |  |  |  |
| At 1 July 2024 | 50,331 | 46,069 | 127,416 | 223,816
| Charge for the year on owned assets | 10,330 | - | 4,795 | 15,125
| Disposals | (13,530) | - | (97,552) | (111,082)
| At 30 June 2025 | 47,131 | 46,069 | 34,659 | 127,859
| Net book value |  |  |  |
| At 30 June 2025 | 20,664 | - | - | 20,664
| At 30 June 2024 | 2,469 | - | - | 2,469
Page 8
BRITISH EQUESTRIAN TRADE ASSOCIATION LIMITED(THE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
6. | Fixed asset investments
| Company
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 July 2024 | 356,956
| At 30 June 2025 | 356,956
| Subsidiary undertakings
| The following were subsidiary undertakings of the Company:
| Name | Class of shares | Holding
| Equestrian Management Consultants Limited | Ordinary | 100%
| BETA Trade Fairs Limited | Ordinary | 100%
| The registered office of both subsidiaries is Carlshead Business Centre, Paddock House Lane, Sicklinghall, Wetherby, West Yorkshire, LS22 4BJ.
| The aggregate of the share capital and reserves as at 30 June 2025 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
| Name | Aggregate of share capital and reserves | Profit/(Loss)
|  | £ | £
| Equestrian Management Consultants Limited | 458,150 | 304,993
| BETA Trade Fairs Limited | 100 | -
7. | Stocks
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Finished goods and goods for resale | 7,782 | 5,325 | 7,782 | 5,325
|  | 7,782 | 5,325 | 7,782 | 5,325
| The difference between purchase price or production cost of stocks and their replacement cost is not material.
Page 9
BRITISH EQUESTRIAN TRADE ASSOCIATION LIMITED(THE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
8. | Debtors
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Due after more than one year |  |  |  |
| Other debtors | 150,000 | - | - | -
|  | 150,000 | - | - | -
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Due within one year |  |  |  |
| Trade debtors | 40,831 | 129,698 | 19,802 | 12,355
| Amounts owed by group undertakings | - | - | 389,817 | 425,391
| Other debtors | 88,451 | - | - | -
| Prepayments and accrued income | 31,725 | 96,450 | 23,796 | 6,297
|  | 161,007 | 226,148 | 433,415 | 444,043
9. | Cash and cash equivalents
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Cash at bank and in hand | 644,873 | 727,810 | 46,438 | 18,171
|  | 644,873 | 727,810 | 46,438 | 18,171
10. | Creditors: Amounts falling due within one year
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Trade creditors | 52,742 | 63,212 | 19,889 | 16,047
| Other taxation and social security | 13,118 | 35,416 | 8,086 | 10,988
| Other creditors | 558 | 547 | - | -
| Accruals and deferred income | 25,865 | 297,163 | 25,866 | 28,349
|  | 92,283 | 396,338 | 53,841 | 55,384
Page 10
BRITISH EQUESTRIAN TRADE ASSOCIATION LIMITED(THE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
11. | Company status
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £20 towards the assets of the company in the event of liquidation.
12. | Pension commitments
The group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £27,162 (2024 - £25,483). Contributions totalling £558 (2024 - £547) were payable to the fund at the reporting date.
13. | Commitments under operating leases
| At 30 June 2025 the Group and the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Not later than 1 year | 17,337 | 14,000 | 8,668 | 14,000
| Later than 1 year and not later than 5 years | 27,450 | - | 13,725 | -
|  | 44,787 | 14,000 | 22,393 | 14,000
14. | Related party transactions
| The company has taken advantage of exemption contained in Section 33 of FRS 102 "Related Party Disclosures" from disclosing transactions with entities which are part of the group, since 100% of the voting rights in the company are controlled within the group.
Page 11