ACCOUNTS - Final Accounts preparation

Registered number: 14356719

HERITAGE THOROUGHBREDS LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2025

HERITAGE THOROUGHBREDS LTD

REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HERITAGE THOROUGHBREDS LTD
FOR THE YEAR ENDED 30 SEPTEMBER 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HERITAGE THOROUGHBREDS LTD for the year ended 30 September 2025 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the Board of directors of HERITAGE THOROUGHBREDS LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of HERITAGE THOROUGHBREDS LTD and state those matters that we have agreed to state to the Board of directors of HERITAGE THOROUGHBREDS LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HERITAGE THOROUGHBREDS LTD and its Board of directors, as a body, for our work or for this report.

It is your duty to ensure that HERITAGE THOROUGHBREDS LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of HERITAGE THOROUGHBREDS LTD. You consider that HERITAGE THOROUGHBREDS LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of HERITAGE THOROUGHBREDS LTD. 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 financial statements.

Alder Demain & Akers Ltd

2 Michaels Court

Hanney Road

Southmoor

Oxon

OX13 5HR

20 April 2026

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HERITAGE THOROUGHBREDS LTD

REGISTERED NUMBER: 14356719

BALANCE SHEET

AS AT 30 SEPTEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		3,608		3,665
			3,608		3,665
Current assets
Debtors: amounts falling due within one year	5	79,431		28,921
Cash at bank and in hand	6	51,799		77,616
		131,230		106,537
Creditors: amounts falling due within one year	7	(175,536)		(127,526)
Net current liabilities			(44,306)		(20,989)
Total assets less current liabilities			(40,698)		(17,324)

Net liabilities			(40,698)		(17,324)

Capital and reserves
Called up share capital	2	2
Profit and loss account	(40,700)	(17,326)
	(40,698)	(17,324)

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 statement of income and retained earnings 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 on 20 April 2026.

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HERITAGE THOROUGHBREDS LTD

REGISTERED NUMBER: 14356719

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2025

Thomas Norman Hall King

Director

The notes on pages 4 to 8 form part of these financial statements.

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HERITAGE THOROUGHBREDS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.	General information

Heritage Thoroughbreds Ltd is a Private Company limited by shares which was incorporated in England and Wales.

The company's registered office is:
Manton House Stud, Down Lane, Marlborough, Wiltshire, SN8 1PN.

The principal activity of the company in the year was the raising of horses and other equines and boarding and care of equines.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. 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 following principal accounting policies have been applied:

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HERITAGE THOROUGHBREDS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company 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 Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company 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 Company 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 Company 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.

2.3

Operating leases: the Company 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.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

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.

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HERITAGE THOROUGHBREDS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.6

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, on a reducing balance basis.

Depreciation is provided on the following basis:

				Plant and machinery	-	25%	reducing balance basis
				Office equipment	-	20%	reducing balance basis

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.

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.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

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HERITAGE THOROUGHBREDS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

4.	Tangible fixed assets

	Plant and machinery	Office equipment	Total
	£	£	£
Cost or valuation
At 1 October 2024	3,908	918	4,826
Additions	514	546	1,060
At 30 September 2025	4,422	1,464	5,886
Depreciation
At 1 October 2024	977	184	1,161
Charge for the year on owned assets	861	256	1,117
At 30 September 2025	1,838	440	2,278
Net book value
At 30 September 2025	2,584	1,024	3,608
At 30 September 2024	2,931	734	3,665

Debtors

					2025	2024
					£	£


Trade debtors	21,753	19,923
Other debtors	57,678	8,998
	79,431	28,921

Included within other debtors is a loan to the directors, amounting to £52,678 (2024 - £3998). Interest has been charged at the official rate. This loan was repaid to the company within 9 months of the year end.

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HERITAGE THOROUGHBREDS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	51,799	77,616
	51,799	77,616

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	11,564	3,205
Other taxation and social security	2,875	724
Other creditors	158,597	121,097
Accruals and deferred income	2,500	2,500
	175,536	127,526

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