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Registration number: 10870261

The Horse And Farrier Limited
Unaudited Financial Statements
31 August 2025

The Horse And Farrier Limited

Contents

Accountants' Report | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 4

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Horse And Farrier Limited
for the Year Ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Horse And Farrier Limited for the year ended 31 August 2025 as set out on pages 2 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of The Horse And Farrier Limited, as a body, in accordance with the terms of our engagement letter dated 30 October 2023. Our work has been undertaken solely to prepare for your approval the accounts of The Horse And Farrier Limited and state those matters that we have agreed to state to the Board of Directors of The Horse And Farrier Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Horse And Farrier Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Horse And Farrier Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of The Horse And Farrier Limited. You consider that The Horse And Farrier Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Horse And Farrier Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

27 January 2026

The Horse And Farrier Limited

(Registration number: 10870261)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 425,000 | 425,000
Current assets |  |  |
Debtors | 5 | 32,048 | 30,338
Cash at bank and in hand |  | 170 | 9,566
|  | 32,218 | 39,904
Creditors: Amounts falling due within one year | 6 | (1,690) | (6,800)
Net current assets |  | 30,528 | 33,104
Total assets less current liabilities |  | 455,528 | 458,104
Provisions for liabilities |  | (26,618) | (26,618)
Net assets |  | 428,910 | 431,486
Capital and reserves |  |  |
Allotted, called up and fully paid share capital |  | 400 | 400
Share premium reserve |  | 256,924 | 256,924
Revaluation reserve |  | 113,423 | 113,423
Profit and loss account |  | 58,163 | 60,739
Total equity |  | 428,910 | 431,486

The Horse And Farrier Limited

(Registration number: 10870261)
Balance Sheet as at 31 August 2025 (continued)

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 January 2026 and signed on its behalf by:

.........................................

R J Cooke

Director

.........................................

H Brockbank

Director

.........................................

J Brockbank

Director

The Horse And Farrier Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Westward Park
WIGTON
CA7 8AP

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

The Horse And Farrier Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

The Horse And Farrier Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

4 | Investment properties

| £
At 1 September 2024 | 425,000
At 31 August 2025 | 425,000

Upon reclassification in the year ended 31 August 2023, an independent valuation was carried out by Edwin Thompson. The directors believe this valuation remains true and fair.

5 | Debtors

| 2025 £ | 2024 £
Other debtors | 32,048 | 30,338
| 32,048 | 30,338

6 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 7 | 190 | 190
Corporation tax liability |  | - | 4,510
Other creditors |  | 1,500 | 2,100
|  | 1,690 | 6,800

7 | Loans and borrowings

| 2025 £ | 2024 £
Current loans and borrowings
Other borrowings | 190 | 190