Registration number:
The White Horse (Compton Bassett) Limited
for the Period from 1 April 2025 to 31 May 2026
The White Horse (Compton Bassett) Limited
Contents
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Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
The White Horse (Compton Bassett) Limited
Company Information
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Directors |
Mr J S Reis Mr C Reis |
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Company secretary |
Mr S J Kelly |
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Registered office |
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Accountants |
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Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The White Horse (Compton Bassett) Limited
for the Period Ended 31 May 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The White Horse (Compton Bassett) Limited for the period ended 31 May 2026 as set out on pages 3 to 11 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.
This report is made solely to the Board of Directors of The White Horse (Compton Bassett) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The White Horse (Compton Bassett) Limited and state those matters that we have agreed to state to the Board of Directors of The White Horse (Compton Bassett) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The White Horse (Compton Bassett) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that The White Horse (Compton Bassett) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of The White Horse (Compton Bassett) Limited. You consider that The White Horse (Compton Bassett) Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of The White Horse (Compton Bassett) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Chartered Certified Accountants
Midland Way
Thornbury
Bristol
BS35 2BS
The White Horse (Compton Bassett) Limited
(Registration number: 07563584)
Balance Sheet as at 31 May 2026
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Note |
2026 |
2025 |
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Fixed assets |
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Tangible assets |
- |
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Current assets |
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Stocks |
- |
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Debtors |
- |
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Cash at bank and in hand |
- |
( |
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- |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
( |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
|||
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Called up share capital |
1 |
1 |
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Retained earnings |
(835,717) |
(668,748) |
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Shareholders' deficit |
(835,716) |
(668,747) |
For the financial period ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
The White Horse (Compton Bassett) Limited
(Registration number: 07563584)
Balance Sheet as at 31 May 2026
Approved and authorised by the
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The White Horse (Compton Bassett) Limited
Notes to the Unaudited Financial Statements for the Period from 1 April 2025 to 31 May 2026
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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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.
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.
The White Horse (Compton Bassett) Limited
Notes to the Unaudited Financial Statements for the Period from 1 April 2025 to 31 May 2026
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:
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Asset class |
Depreciation method and rate |
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Fixtures and Fittings |
15% Reducing Balance |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.
The White Horse (Compton Bassett) Limited
Notes to the Unaudited Financial Statements for the Period from 1 April 2025 to 31 May 2026
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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.
The White Horse (Compton Bassett) Limited
Notes to the Unaudited Financial Statements for the Period from 1 April 2025 to 31 May 2026
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
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Tangible assets |
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Land and buildings |
Fixtures and fittings |
Total |
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Cost or valuation |
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At 1 April 2025 |
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Disposals |
( |
( |
( |
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At 31 May 2026 |
- |
- |
- |
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Depreciation |
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At 1 April 2025 |
- |
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Eliminated on disposal |
- |
( |
( |
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At 31 May 2026 |
- |
- |
- |
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Carrying amount |
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At 31 May 2026 |
- |
- |
- |
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At 31 March 2025 |
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Included within the net book value of land and buildings above is £Nil (2025 - £47,736) in respect of freehold land and buildings.
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Stocks |
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2026 |
2025 |
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Other inventories |
- |
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The White Horse (Compton Bassett) Limited
Notes to the Unaudited Financial Statements for the Period from 1 April 2025 to 31 May 2026
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Debtors |
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Current |
2026 |
2025 |
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Trade debtors |
- |
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- |
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The White Horse (Compton Bassett) Limited
Notes to the Unaudited Financial Statements for the Period from 1 April 2025 to 31 May 2026
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Creditors |
Creditors: amounts falling due within one year
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Note |
2026 |
2025 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
- |
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Taxation and social security |
- |
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Accruals and deferred income |
- |
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Other creditors |
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Creditors: amounts falling due after more than one year
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Note |
2026 |
2025 |
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Due after one year |
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Loans and borrowings |
- |
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Other financial liabilities |
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Loans and borrowings |
Non-current loans and borrowings
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2026 |
2025 |
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Bank borrowings |
- |
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Current loans and borrowings
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2026 |
2025 |
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Bank borrowings |
- |
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Bank overdrafts |
- |
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Other borrowings |
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- |
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The White Horse (Compton Bassett) Limited
Notes to the Unaudited Financial Statements for the Period from 1 April 2025 to 31 May 2026
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Related party transactions |
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Transactions with directors |
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2026 |
At 1 April 2025 |
Advances to director |
Repayments by director |
At 31 May 2026 |
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Loan |
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( |
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2025 |
At 1 April 2024 |
Advances to director |
Repayments by director |
At 31 March 2025 |
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Loan |
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( |
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