Registration number: 08662379

St Albans Bloodstock Limited

Contents

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

St Albans Bloodstock Limited

(Registration number: 08662379)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	67,449	69,225
Current assets
Stocks	5	4,266,871	5,113,100
Debtors	6	192,628	1,704,703
Cash at bank and in hand		455,189	30,753
		4,914,688	6,848,556
Creditors: Amounts falling due within one year	7	(12,027,814)	(14,682,227)
Net current liabilities		(7,113,126)	(7,833,671)
Net liabilities		(7,045,677)	(7,764,446)
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		(7,046,677)	(7,765,446)
Total equity		(7,045,677)	(7,764,446)

St Albans Bloodstock Limited

(Registration number: 08662379)
Balance Sheet as at 31 December 2025

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.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 September 2026
 

......................................... A J Stone Director

St Albans Bloodstock 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:
8 St Albans Grove
London
W8 5PN

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.

Going concern

As at 31 December 2025 the company had net liabilities of £7,045,677 and net current liabilities of £7,113,126. Included within creditors falling due within one year is the sum of £11,246,468 which is owed to Ashcroft Stud Farm LLP (an entity under the control of the director). The director has confirmed that this amount will only be repayable on the express condition that the company will remain solvent immediately following repayment. The director is therefore of the view that St Albans Bloodstock Limited will have sufficient resources available to meet its liabilities as they fall due for the foreseable future and the financial statements have therefore been prepared on the going concern basis, which assumes that this will be the case.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of bloodstock sales, prize money won and sponsorship income received in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Fixed asset investments

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
Racing Colours	Not depreciated
Fixtures & Fittings	20% Reducing balance basis
Improvements to Tenanted Property	25% Straight line method

St Albans Bloodstock Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

Debtors

Trade debtors are amounts due from customers for the sale of bloodstock, prize money and sponsorship income not yet received in the ordinary course of business.

Bloodstock

Bloodstock is valued individually at the lower of cost and net realisable value with the exception of horses that have been transferred to or from training. These are valued individually at the lower of valuation at the date of transfer and valuation at the balance sheet date.

This accounting treatment is accepted within the bloodstock industry as appropriate to the nature of the business. However, it represents a departure from the 'cost model' set out in FRS 102 in that, when a horse is transferred to or from training, its book value may be adjusted to a figure in excess of original cost and an unrealised gain may be reflected in the profit and loss account.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

St Albans Bloodstock Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

4	Tangible Assets

	Fixtures and fittings £	Racing colours £	Office equipment £	Total £
Cost or valuation
At 1 January 2025	49,803	60,347	41,380	151,530
At 31 December 2025	49,803	60,347	41,380	151,530
At 1 January 2025	40,925	-	41,380	82,305
Charge for the year	1,776	-	-	1,776
At 31 December 2025	42,701	-	41,380	84,081
Carrying amount
At 31 December 2025	7,102	60,347	-	67,449
At 31 December 2024	8,878	60,347	-	69,225

5	Bloodstock

	2025 £	2024 £
Racing	290,250	885,417
Stud	3,976,621	4,227,683
	4,266,871	5,113,100

St Albans Bloodstock Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	83,173	1,699,703
Other debtors	109,455	5,000
	192,628	1,704,703

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	373,693	1,092,721
Accruals	9,628	6,853
Amounts owed to related party	11,246,468	13,356,138
Taxation and social security	398,025	226,515
	12,027,814	14,682,227

8	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £40,000 (2024 - £74,000).

9	Related party transactions

Summary of transactions with other related parties

Ashcroft Stud Farm LLP a partnership in which A J Stone a director of St Albans Bloodstock is a partner.
At the year end included in Creditors is £11,246,468 (2024: £13,356,138) which was owed to Ashcroft Stud Farm LLP by St Albans Bloodstock Limited.