ACCOUNTS - Final Accounts preparation

Registered number: 06821457

HOWDALE BLOODSTOCK LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

HOWDALE BLOODSTOCK LIMITED

REGISTERED NUMBER: 06821457

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		100		100
			100		100
Current assets
Stocks	5	134,240		115,840
Debtors: amounts falling due within one year	6	619,559		621,599
Cash at bank and in hand	7	5		903
		753,804		738,342
Creditors: amounts falling due within one year	8	(3,334,531)		(3,246,100)
Net current liabilities			(2,580,727)		(2,507,758)
Total assets less current liabilities			(2,580,627)		(2,507,658)

Net liabilities			(2,580,627)		(2,507,658)

Capital and reserves
Called up share capital	9	100	100
Profit and loss account		(2,580,727)	(2,507,758)
		(2,580,627)	(2,507,658)

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HOWDALE BLOODSTOCK LIMITED

REGISTERED NUMBER: 06821457

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

G H M Hatton

Director

Date: 17 September 2026

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

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HOWDALE BLOODSTOCK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Howdale Bloodstock Ltd is a private company, limited by share capital and incorporated in England and Wales. The company's registered office is Howdale Farm, Carlton Ashes, Hough on the Hill, Lincolnshire, NG32 2BJ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis as the Directors have confirmed their intention to continue supporting the company for a period of at least 12 months from the balance sheet date and to ensure sufficient funding is available to meet the company's third party liabilities as they fall due.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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HOWDALE BLOODSTOCK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

Stocks

Bloodstock is valued individually under the cost model at the lower of cost or valuation at the balance sheet date.

The book value of broodmares and horses in training is considered on an annual basis and impairment adjustments are made where necessary. This is considered to be more appropriate than applying a systematic depreciation charge.

The cost of homebred foals is determined as the aggregate of the cost of keep of the broodmares for one year and the annual write off of the stallion share utilised or the cost of the nomination, as appropriate.

The costs of foals and yearlings is increased by the cost of keep from the date of weaning, which is assumed to be 1 October, until the earlier of the date of transfer to training or 30 June in the year in which the horse reaches two years of age. The cost of foals and yearlings is not depreciated. Impairment adjustments are made when necessary.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

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HOWDALE BLOODSTOCK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

4.	Fixed asset investments

		Shares in group undertakings
		£
	Cost or valuation
	At 1 January 2025	100
	At 31 December 2025	100

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Registered office	Class of shares	Holding

Howdale Energy Ventures Limited

Howdale Farm, Carlton Ashes, Hough On The Hill, Grantham, Lincolnshire, United Kingdom, NG32 2BJ

Ordinary

100%

5.	Stocks
		2025	2024
		£	£

	Bloodstock	134,240	115,840

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	316,585	316,585
Other debtors	302,974	305,014
	619,559	621,599

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HOWDALE BLOODSTOCK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

7.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	5	903

8.	Creditors: amounts falling due within one year
		2025	2024
		£	£

Other creditors	3,330,942	3,242,685
Accruals and deferred income	3,589	3,415
	3,334,531	3,246,100

9.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares of £1 each	100	100

10.

Related party transactions

At the year end the company owed its directors £3,330,942 (2024: £3,215,366). This amount is interest free and repayable upon demand to the extent that the company is able to continue to meet third party liabilities.

At the year end the company owed £nil (2024: £27,319) to Howdale Estate Company Limited, a company under common control.

At the year end the company was owed £316,585 (2024: £316,585) from Howdale Energy Ventures Limited, a company under their control. This amount is interest free and repayable upon demand.

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