Lingfield Equine Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 06496127 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

LINGFIELD EQUINE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R P Atherton

G H C Christopherson

SECRETARY:

Mrs R P Atherton

REGISTERED OFFICE:

Chester Lodge

Felbridge

East Grinstead

West Sussex

RH19 2RD

REGISTERED NUMBER:

06496127 (England and Wales)

ACCOUNTANTS:

GBJ Financial Limited

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

FIXED ASSETS

Tangible assets

4

957,178

1,122,470

CURRENT ASSETS

Stocks

130,000

Debtors

5

518,714

211,548

Cash at bank and in hand

78,940

102,369

727,654

443,917

CREDITORS

Amounts falling due within one year

6

564,452

365,563

NET CURRENT ASSETS

163,202

78,354

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,120,380

1,200,824

CREDITORS

Amounts falling due after more than one year

7

219,138

314,343

NET ASSETS

901,242

886,481

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

901,142

886,381

SHAREHOLDERS' FUNDS

901,242

886,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2026 and were signed on its behalf by:

G H C Christopherson - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

10% on cost

Plant and machinery etc

-

33% on cost, 20% on cost and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2024 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2025

19,415

2,046,288

2,065,703

Additions

-

56,963

Disposals

-

(9,500

)

(9,500

)

At 31 December 2025

19,415

2,093,751

2,113,166

DEPRECIATION

At 1 January 2025

19,415

923,818

943,233

Charge for year

-

212,755

At 31 December 2025

19,415

1,136,573

1,155,988

NET BOOK VALUE

At 31 December 2025

-

957,178

At 31 December 2024

-

1,122,470

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

Trade debtors

-

39,537

Amounts owed by group undertakings

496,891

165,600

Other debtors

21,823

6,411

518,714

211,548

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

Bank loans and overdrafts

92,000

97,000

Hire purchase contracts

-

2,190

Trade creditors

49,395

49,987

Amounts owed to group undertakings

96,000

96,419

Taxation and social security

113,411

116,033

Other creditors

213,646

3,934

564,452

365,563

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/25

31/12/24

£

Bank loans

219,138

314,343

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31/12/25

31/12/24

£

Mrs R P Atherton

Balance outstanding at start of year

-

Amounts advanced

10,000

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

10,000

-

9.	RELATED PARTY DISCLOSURES

During the year, rent of £100,000 (2024 - £100,000) was paid to Portland Veterinary Services Limited, a company registered in England and Wales. A director and shareholder of Lingfield Equine Limited is also a director and shareholder of Portland Veterinary Service Limited.

At the year end, £60,000 (2024 - £96,000) was owed by the company to Portland Vets Limited, a company under the same control as Lingfield Equine Ltd.

At the year end, £91 (2024 - (£419)) was owed by/(to) the company to/(from) Green Counties Vets Ltd, a company under the same control as Lingfield Equine Ltd.

At the year end, £496,800 (2024 - £165,600) was owed to the company from Lingfield Equine Holding Employees Ownership Limited, a company under the same control as Lingfield Equine Ltd.