Cheston Farm Equestrian Centre Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 08428971

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		190,031		214,961

			190,031		214,961
CURRENT ASSETS
Stocks	6	3,411		5,445
Debtors	7	8,749		75
Cash at bank and in hand		17,680		721

		29,840		6,241
Creditors: Amounts Falling Due Within One Year	8	(44,572 )		(23,546 )

NET CURRENT ASSETS (LIABILITIES)			(14,732 )		(17,305 )

TOTAL ASSETS LESS CURRENT LIABILITIES			175,299		197,656

Creditors: Amounts Falling Due After More Than One Year	9		(139,488 )		(144,879 )

NET ASSETS			35,811		52,777

CAPITAL AND RESERVES
Called up share capital	10		10		10
Profit and Loss Account			35,801		52,767

SHAREHOLDERS' FUNDS			35,811		52,777

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Cheston Farm Equestrian Centre Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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 Profit and Loss Account.

On behalf of the board

Andrew Osborne

Director

27 August 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Cheston Farm Equestrian Centre Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08428971 . The registered office is Cheston Farm, Wrangaton, South Brent, Devon, TQ10 9HL.

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 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:

Property improvements	10% reducing balance
Plant & Machinery	20% reducing balance
Motor Vehicles	15% reducing balance
Horses	10% reducing balance

2.5. 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.

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Cheston Farm Equestrian Centre Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax is recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current tax is recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 4)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	70,000

As at 31 March 2026	70,000

Amortisation
As at 1 April 2025	70,000

As at 31 March 2026	70,000

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	-

5. Tangible Assets

	Land & Property
	Property improvements	Plant & Machinery	Motor Vehicles	Horses	Total
	£	£	£	£	£
Cost
As at 1 April 2025	268,851	66,808	76,435	52,392	464,486
Additions	-	649	-	-	649
Disposals	-	-	-	(2,666 )	(2,666 )

As at 31 March 2026	268,851	67,457	76,435	49,726	462,469

...CONTINUED

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Cheston Farm Equestrian Centre Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Depreciation
As at 1 April 2025	152,876	52,420	31,084	13,145	249,525
Provided during the period	11,598	2,939	6,803	3,892	25,232
Disposals	-	-	-	(2,319 )	(2,319 )

As at 31 March 2026	164,474	55,359	37,887	14,718	272,438

Net Book Value
As at 31 March 2026	104,377	12,098	38,548	35,008	190,031

As at 1 April 2025	115,975	14,388	45,351	39,247	214,961

6. Stocks

	2026	2025
	£	£
Stock	3,411	5,445

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	-	75
Prepayments and accrued income	8,654	-
Other taxes and social security	95	-

	8,749	75

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	9,909	5,212
Bank loans and overdrafts	6,000	6,000
Corporation tax	9,427	4,409
Other taxes and social security	-	41
VAT	6,407	5,102
Credit card	9,502	1,887
Accruals and deferred income	2,050	800
Directors' loan accounts	1,277	95

	44,572	23,546

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Cheston Farm Equestrian Centre Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	139,488	144,879

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	10	10

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