Company No: 01400682 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	105,908		118,560
		105,908		118,560
Current assets
Debtors	5	4,834		6,131
Cash at bank and in hand		120,917		119,758
		125,751		125,889
Creditors: amounts falling due within one year	6	( 38,510)		( 56,643)
Net current assets		87,241		69,246
Total assets less current liabilities		193,149		187,806
Provision for liabilities		( 35,952)		( 40,816)
Net assets		157,197		146,990
Capital and reserves
Called-up share capital	7	4,000		4,000
Revaluation reserve		29,822		35,232
Profit and loss account		123,375		107,758
Total shareholders' funds		157,197		146,990

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

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of White Horse Marquees Limited (registered number: 01400682) were approved and authorised for issue by the Director on 10 May 2026. They were signed on its behalf by:

Mr J B Grotrian Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

White Horse Marquees Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hill Deverill, Warminster, BA12 7EQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of 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 value added tax.

Taxation

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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting data in the countries where the company operates and generates taxable income.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

5 years straight line

Tangible fixed 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.

Plant and machinery	15 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	15 % reducing balance

Tangible assets are held at fair value at the date of valuation less subsequent depreciation and impairment.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a gain reverses a previously recognised loss, or a loss exceeds the accumulated gains in equity.

Financial instruments

The company holds the following financial instruments:

- Short term trade and other debtors and creditors
- Cash and bank balances

All financial instruments are classified as basic.

The company has chosen to apply the recognition when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the asset expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal obligation to pau further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	6		6

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2025	12,500		12,500
At 31 December 2025	12,500		12,500
Accumulated amortisation
At 01 January 2025	12,500		12,500
At 31 December 2025	12,500		12,500
Net book value
At 31 December 2025	0		0
At 31 December 2024	0		0

4. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 January 2025	322,529		47,619		9,539		379,687
Additions	6,648		0		474		7,122
At 31 December 2025	329,177		47,619		10,013		386,809
Accumulated depreciation
At 01 January 2025	213,768		38,452		8,907		261,127
Charge for the financial year	17,317		2,292		165		19,774
At 31 December 2025	231,085		40,744		9,072		280,901
Net book value
At 31 December 2025	98,092		6,875		941		105,908
At 31 December 2024	108,761		9,167		632		118,560

The fair value of the company's plant and machinery was revalued on 31 December 2019 by the directors of the company. An independent valuer was not involved. This valuation was calculated using open market value. Had this class of asset been measured on a historical cost basis, the carrying amount would have been £59,591 (2024 - £63,459).
The fair value of the company's motor vehicles was revalued on 31 December 2019 by the directors of the company. An independent valuer was not involved. This valuation was calculated using open market value. Had this class of asset been measured on a historical cost basis, the carrying amount would have been £5,562 (2024 - £7,416).

5. Debtors

	2025		2024
	£		£
Trade debtors	26		1,850
Other debtors	4,808		4,281
	4,834		6,131

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Taxation and social security	8,578		23,077
Other creditors	29,932		33,566
	38,510		56,643

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
4,000 £1.00 Ordinary Shares shares of £ 1.00 each	4,000		4,000