The British Association For The Purebred Spanish Horse Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 04468396

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,059		2,076

			2,059		2,076
CURRENT ASSETS
Stocks	5	1,200		1,200
Debtors	6	876		216
Cash at bank and in hand		11,975		14,332

		14,051		15,748
Creditors: Amounts Falling Due Within One Year	7	(2,728 )		(4,856 )

NET CURRENT ASSETS (LIABILITIES)			11,323		10,892

TOTAL ASSETS LESS CURRENT LIABILITIES			13,382		12,968

NET ASSETS			13,382		12,968

RESERVES
Revaluation reserve	8		500		500
Other reserves			19,638		19,638
Income and Expenditure Account			(6,756 )		(7,170 )

MEMBERS' FUNDS			13,382		12,968

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The British Association For The Purebred Spanish Horse Limited

Balance Sheet (continued)

As At 31 December 2025

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Ms Mary McBryde

Director

21/07/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

The British Association For The Purebred Spanish Horse Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 04468396 . The registered office is Holly Trees Farm, Chesterblade Road, Shepton Mallet, Somerset, BA4 4EQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover represents the various sources of income received during the year.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Promotional Marquee	15% reducing balance
Stud Books and Silverware	Not depreciated, as appreciating asset
Office Equipment	15% reducing balance
Computer Equipment	33% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Stud Books and Silverware	Office Equipment	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	2,000	1,969	6,136	10,105

As at 31 December 2025	2,000	1,969	6,136	10,105

Depreciation
As at 1 January 2025	-	1,927	6,102	8,029
Provided during the period	-	6	11	17

As at 31 December 2025	-	1,933	6,113	8,046

Net Book Value
As at 31 December 2025	2,000	36	23	2,059

As at 1 January 2025	2,000	42	34	2,076

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The British Association For The Purebred Spanish Horse Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Stocks

	2025	2024
	£	£
Finished goods	1,200	1,200

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	876	216

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,878	4,006
Other creditors and accruals	850	850

	2,728	4,856

8. Reserves

	Revaluation reserve	Other reserves	Income and Expenditure Account
	£	£	£
As at 1 January 2025	500	19,638	(7,170 )
Profit for the year and total comprehensive income	-	-	414

As at 31 December 2025	500	19,638	(6,756 )

9. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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