REGISTERED NUMBER: 14470908 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

NEWBOLD VERDON EQUESTRIAN CENTRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M B Bates

Mrs S A Bates

REGISTERED OFFICE:

Fields Farm

Barlestone Road

Newbold Verdon

Leicestershire

LE9 9NE

REGISTERED NUMBER:

14470908 (England and Wales)

ACCOUNTANTS:

Philip Barnes & Co Limited

Chartered Accountants

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Intangible assets

4

210,000

240,000

Tangible assets

5

93,235

109,222

303,235

349,222

CURRENT ASSETS

Stocks

3,639

3,046

Debtors

6

10,570

28,909

Cash at bank and in hand

6,119

7,033

20,328

38,988

CREDITORS

Amounts falling due within one year

7

336,736

387,419

NET CURRENT LIABILITIES

(316,408

)

(348,431

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,173

)

791

PROVISIONS FOR LIABILITIES

23,259

-

NET (LIABILITIES)/ASSETS

(36,432

)

791

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(36,532

)

691

(36,432

)

791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 March 2026 and were signed on its behalf by:

M B Bates - Director

1.	STATUTORY INFORMATION

Newbold Verdon Equestrian Centre Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% reducing balance

Motor vehicles

-

25% reducing balance and 15% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.

EMPLOYEES

The average number of employees during the year was 7 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 30 November 2025

300,000

AMORTISATION

At 1 December 2024

60,000

Charge for year

30,000

At 30 November 2025

90,000

NET BOOK VALUE

At 30 November 2025

210,000

At 30 November 2024

240,000

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 December 2024

131,260

16,972

148,232

Additions

487

-

487

At 30 November 2025

131,747

16,972

148,719

DEPRECIATION

At 1 December 2024

34,300

4,710

39,010

Charge for year

13,720

2,754

16,474

At 30 November 2025

48,020

7,464

55,484

NET BOOK VALUE

At 30 November 2025

83,727

9,508

93,235

At 30 November 2024

96,960

12,262

109,222

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,234

24,096

Other debtors

9,336

4,813

10,570

28,909

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

3,098

Trade creditors

7,052

5,401

Taxation and social security

15,875

31,543

Other creditors

313,809

347,377

336,736

387,419

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount owing to the directors of £307,960 (2024 - £317,184). There are no fixed repayment terms and no interest is payable during the year.