Ajax Palmer Equine Ltd 14995566 false 2024-08-01 2025-07-31 2025-07-31 The principal activity of the company is Raising of horses and other equines Digita Accounts Production Advanced 6.30.9574.0 true 14995566 2024-08-01 2025-07-31 14995566 2025-07-31 14995566 bus:OrdinaryShareClass1 2025-07-31 14995566 core:CurrentFinancialInstruments 2025-07-31 14995566 core:CurrentFinancialInstruments core:WithinOneYear 2025-07-31 14995566 core:Non-currentFinancialInstruments 2025-07-31 14995566 core:Non-currentFinancialInstruments core:AfterOneYear 2025-07-31 14995566 core:OtherPropertyPlantEquipment 2025-07-31 14995566 bus:SmallEntities 2024-08-01 2025-07-31 14995566 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 14995566 bus:FilletedAccounts 2024-08-01 2025-07-31 14995566 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 14995566 bus:RegisteredOffice 2024-08-01 2025-07-31 14995566 bus:Director1 2024-08-01 2025-07-31 14995566 bus:Director2 2024-08-01 2025-07-31 14995566 bus:OrdinaryShareClass1 2024-08-01 2025-07-31 14995566 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 14995566 core:OtherPropertyPlantEquipment 2024-08-01 2025-07-31 14995566 countries:England 2024-08-01 2025-07-31 14995566 2024-07-31 14995566 core:OtherPropertyPlantEquipment 2024-07-31 14995566 2023-07-11 2024-07-31 14995566 2024-07-31 14995566 bus:OrdinaryShareClass1 2024-07-31 14995566 core:CurrentFinancialInstruments 2024-07-31 14995566 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 14995566 core:Non-currentFinancialInstruments 2024-07-31 14995566 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 14995566 core:OtherPropertyPlantEquipment 2024-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14995566

Ajax Palmer Equine Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

Ajax Palmer Equine Ltd

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 6

Ajax Palmer Equine Ltd

(Registration number: 14995566)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 92,000 | 96,000
Current assets |  |  |
Stocks | 5 | 2,793 | -
Debtors | 6 | 626 | 20,000
Cash at bank and in hand |  | 16,512 | 2
|  | 19,931 | 20,002
Creditors: Amounts falling due within one year | 7 | (1,058) | (720)
Net current assets |  | 18,873 | 19,282
Total assets less current liabilities |  | 110,873 | 115,282
Creditors: Amounts falling due after more than one year | 7 | (120,000) | (120,000)
Net liabilities |  | (9,127) | (4,718)
Capital and reserves |  |  |
Called up share capital | 10 | 2 | 2
Retained earnings |  | (9,129) | (4,720)
Shareholders' deficit |  | (9,127) | (4,718)

For the financial year ending 31 July 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 20 April 2026 and signed on its behalf by:

Ajax Palmer Equine Ltd

(Registration number: 14995566)
Balance Sheet as at 31 July 2025

......................................... Mr Charles David Hiley Palmer Director
......................................... Mr Steven James Ajax Director

Ajax Palmer Equine Ltd

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

1 | General information

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

The address of its registered office is:
166 College Road
Harrow
Middlesex
HA1 1BH

These financial statements were authorised for issue by the Board on 20 April 2026.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

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.

Ajax Palmer Equine Ltd

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

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 2 (2024 - 2).

Ajax Palmer Equine Ltd

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

4 | Tangible assets

| Other tangible assets £ | Total £
Cost or valuation
At 1 August 2024 | 100,000 | 100,000
At 31 July 2025 | 100,000 | 100,000
Depreciation
At 1 August 2024 | 4,000 | 4,000
Charge for the year | 4,000 | 4,000
At 31 July 2025 | 8,000 | 8,000
Carrying amount
At 31 July 2025 | 92,000 | 92,000
At 31 July 2024 | 96,000 | 96,000

Company purchased a horse for £100k for breedig purposes on 12/07/2023.

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 2,793 | -

6 | Debtors

Current | 2025 £ | 2024 £
Other debtors | 626 | 20,000
| 626 | 20,000

Ajax Palmer Equine Ltd

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

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 438 | 360
Accruals and deferred income | 500 | 360
Other creditors | 120 | -
| 1,058 | 720

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 120,000 | 120,000

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 120,000 | 120,000

9 | Related party transactions

During the year, the company made the following related party transactions:
Director
At the balance sheet date, the amount due to director was £120 (2024: NIL). The loan is interest free, unsecured and repayable on demand.

10 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 2 | 2 | 2 | 2