INTELLIGENT HORSEMANSHIP LIMITED


Director	MARKS, Ann Kelly


Company Secretary	MARKS, Ann Kelly


Registered Address	Lethornes Lambourn
	Upper Lambourn
	Hungerford
	RG17 8QP


Registered Number	04532067 (England and Wales)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	4		3,611		9,705
			3,611		9,705
Current assets
Debtors		20,645		22,443
Cash at bank and on hand		28,989		42,301
		49,634		64,744
Creditors amounts falling due within one year		(57,197)		(41,897)
Net current assets (liabilities)			(7,563)		22,847
Total assets less current liabilities			(3,952)		32,552
Net assets			(3,952)		32,552
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			(4,952)		31,552
Shareholders' funds			(3,952)		32,552

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 28 July 2026, and are signed on its behalf by:

MARKS, Ann Kelly
Director
Registered Company No. 04532067

INTELLIGENT HORSEMANSHIP LIMITED

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from 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.

Revenue from 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.

	Revenue from 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.

Revenue from 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.

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

	Defined contribution pension plan
	The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into s separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in the profit and loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is 
a pension plan under which the Company pays fixed contributions into s separate entity. Once the
contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the profit and loss when they fall due. Amounts
not paid are shown in accruals as a liability in the Balance Sheet.  The assets of the plan are held
separately from the Company in independently administered funds.

	Intangible assets
	Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Stocks and work in progress
	Stock is stated at the lower of cost and net realisable value, being the estimated selling price less cost to complete and sell. Cost is based on the cost of purchased on a first in, first out basis. Work in progress and finished goods include labour and attributed overheads. At each balance sheet date, stocks are assessed for impairment. If stock is 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.

Stocks and work in progress

Stock is stated at the lower of cost and net realisable value, being the estimated selling price less
cost to complete and sell. Cost is based on the cost of purchased on a first in, first out basis.
Work in progress and finished goods include labour and attributed overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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 and other 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

	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 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.

	Trade and other creditors
	Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transactions cost, and are measured subsequently at amortised cost using the effective interest method.

2.	Average number of employees
	The average monthly number of employees, including directors, during the year was 1 (2025 - 1)


		2026		2025
	Average number of employees during the year	1		1

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 April 25	200,000
	At 31 March 26	200,000
	Amortisation and impairment
	At 01 April 25	200,000
	At 31 March 26	200,000
	Net book value
	At 31 March 26	-
	At 31 March 25	-

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 25	352,551
	Additions	4,532
	Disposals	(54,278)
	At 31 March 26	302,805
	Depreciation and impairment
	At 01 April 25	342,846
	Charge for year	10,626
	On disposals	(54,278)
	At 31 March 26	299,194
	Net book value
	At 31 March 26	3,611
	At 31 March 25	9,705