Company Registration number: 8432335

Galloping Horse Limited

Contents

Pages

Balance sheet	1 to 2
Notes to the financial statements	3 to 8

Galloping Horse Limited

Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	905,234	965,586
Current assets
Stocks	6	13,171	17,398
Debtors	7	16,829	30,021
Cash at bank and in hand		69,217	79,891
		99,217	127,310
Creditors: Amounts falling due within one year	8	(130,115)	(111,553)
Net current (liabilities)/assets		(30,898)	15,757
Total assets less current liabilities		874,336	981,343
Creditors: Amounts falling due after more than one year	8	(204,242)	(541,369)
Net assets		670,094	439,974
Capital and reserves
Called up share capital	9	2,482,045	2,041,736
Retained earnings		(1,811,951)	(1,601,762)
Shareholders' funds		670,094	439,974

Galloping Horse Limited

Balance Sheet as at 31 December 2025 (continued)

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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Company registration number: 8432335

Approved and authorised by the Board on 30 June 2026 and signed on its behalf by:
 

......................................... Mr R W Thompson Director

Galloping Horse Limited

Notes to the financial statements for the Year Ended 31 December 2025

1	GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
95 Main Road
High Harrington
Workington
CA14 4NQ

These financial statements were authorised for issue by the Board on 30 June 2026.

2	ACCOUNTING POLICIES

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

Galloping Horse Limited

Notes to the financial statements for the Year Ended 31 December 2025 (continued)

2	ACCOUNTING POLICIES (continued)

Revenue recognition

Turnover comprises the fair value of the 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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible 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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% Straight line
Fixtures and fittings	25% Straight line
Freehold property	2% Straight line

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 or constructive obligation to pay 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.

Galloping Horse Limited

Notes to the financial statements for the Year Ended 31 December 2025 (continued)

2	ACCOUNTING POLICIES (continued)

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
 Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3	STAFF NUMBERS

The average number of persons employed by the Osprey Management Group and assigned to Galloping Horse Ltd (including directors) during the year, was 18 (2024 - 15).

4	LOSS BEFORE TAX

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	69,869	71,943

Galloping Horse Limited

Notes to the financial statements for the Year Ended 31 December 2025 (continued)

5	TANGIBLE ASSETS

	Freehold property £	Fixtures and fittings  £	Office equipment  £	Total £
Cost or valuation
At 1 January 2025	1,098,613	543,696	4,979	1,647,288
Additions	-	7,097	2,419	9,516
At 31 December 2025	1,098,613	550,793	7,398	1,656,804
Depreciation
At 1 January 2025	205,954	471,919	3,828	681,701
Charge for the year	21,972	46,882	1,015	69,869
At 31 December 2025	227,926	518,801	4,843	751,570
Carrying amount
At 31 December 2025	870,687	31,992	2,555	905,234
At 31 December 2024	892,658	71,777	1,151	965,586

Included within the net book value of land and buildings above is £870,687 (2024 - £892,658) in respect of freehold land and buildings.
 

6

STOCKS

	2025 £	2024 £
Stock on hand	13,171	17,398

Galloping Horse Limited

Notes to the financial statements for the Year Ended 31 December 2025 (continued)

7

DEBTORS

Current	2025 £	2024 £
Trade debtors	1,170	14,393
Prepayments	8,775	7,068
Other debtors	6,884	8,560
	16,829	30,021

8

CREDITORS

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	81,714	66,644
Taxation and social security	24,181	26,678
Accruals and deferred income	13,540	10,988
Other creditors	10,680	7,243
	130,115	111,553

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Related party non-current loans	204,242	541,369

Galloping Horse Limited

Notes to the financial statements for the Year Ended 31 December 2025 (continued)

9	SHARE CAPITAL

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
A Ordinary of £1 each	248	248	248	248
B Ordinary of £1 each	32	32	32	32
C Ordinary of £1 each	40	40	40	40
Preference of £1 each	2,481,725	2,481,725	2,041,416	2,041,416
	2,482,045	2,482,045	2,041,736	2,041,736