| MH Equestrian Ltd |
| Registered number: |
09879342 |
| Balance Sheet |
| as at 31 December 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
43,909 |
|
|
16,334 |
|
| Current assets |
| Stocks |
|
|
105,932 |
|
|
90,862 |
| Debtors |
5 |
|
15,029 |
|
|
36,396 |
| Cash at bank and in hand |
|
|
21,490 |
|
|
21,690 |
|
|
|
142,451 |
|
|
148,948 |
|
| Creditors: amounts falling due within one year |
6 |
|
(42,003) |
|
|
(25,576) |
|
| Net current assets |
|
|
|
100,448 |
|
|
123,372 |
|
| Total assets less current liabilities |
|
|
|
144,357 |
|
|
139,706 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(2,500) |
|
|
- |
|
| Provisions for liabilities |
|
|
|
(5,971) |
|
|
(4,083) |
|
| Net assets |
|
|
|
135,886 |
|
|
135,623 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
8 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
135,786 |
|
|
135,523 |
|
| Shareholder's funds |
|
|
|
135,886 |
|
|
135,623 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account and director's report has not been delivered to the Registrar of Companies. |
|
|
|
| M Heyvaert |
| Director |
| Approved by the board on 19 August 2026 |
|
| MH Equestrian Ltd |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
25% Written Down Value |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
Stock |
|
Stock is valued using the fair value model, as the fair value less costs to sell, where the fair value is the amount for which an asset could be exchanged between knowledgable, willing parties in an arm's length transaction. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
| 2 |
Taxation |
|
|
Corporation tax |
7,550 |
|
7,136 |
|
Deferred tax |
5,971 |
|
4,083 |
|
|
|
|
|
|
13,521 |
|
11,219 |
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
Motor vehicles |
|
Plant & machinery |
|
Total |
|
|
|
|
|
|
2025 |
|
2024 |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 January 2025 |
- |
|
34,902 |
|
34,902 |
|
24,226 |
|
Additions |
35,757 |
|
6,454 |
|
42,211 |
|
10,676 |
|
Disposals |
- |
|
- |
|
- |
|
- |
|
At 31 December 2025 |
35,757 |
|
41,356 |
|
77,113 |
|
34,902 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2025 |
- |
|
18,568 |
|
18,568 |
|
13,124 |
|
Charge for the year |
8,939 |
|
5,697 |
|
14,636 |
|
5,444 |
|
On disposals |
- |
|
- |
|
- |
|
- |
|
At 31 December 2025 |
8,939 |
|
24,265 |
|
33,204 |
|
18,568 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 1 January 2025 |
- |
|
16,334 |
|
16,334 |
|
11,102 |
|
At 31 December 2025 |
26,818 |
|
17,091 |
|
43,909 |
|
16,334 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
14,887 |
|
36,241 |
|
Other debtors |
142 |
|
155 |
|
|
|
|
|
|
15,029 |
|
36,396 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Sundry creditors |
8,838 |
|
9,597 |
|
Bank loans and overdrafts |
6,000 |
|
- |
|
Trade creditors |
- |
|
- |
|
Corporation tax |
7,550 |
|
7,136 |
|
VAT |
180 |
|
144 |
|
Director's loan |
19,435 |
|
8,699 |
|
|
|
|
|
|
42,003 |
|
25,576 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
2,500 |
|
- |
|
|
|
|
|
|
2,500 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
| 8 |
Share capital |
Nominal |
|
2025 |
|
2025 |
|
2024 |
| value |
Number |
£ |
£ |
|
Authorised: |
|
Ordinary shares |
£1 each |
100 |
|
100 |
|
100 |
|
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Related party transactions |
|
|
Director M Heyvaert has loaned the company some funds during the year.
The loan is interest free, and falls due to be paid in less than one year. |
|
|
| 10 |
Controlling party |
|
|
The company is controlled by its director. |
|
|
| 11 |
Other information |
|
|
MH Equestrian Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
|
Suite 1, Unit 2, Stansted Courtyard |
|
Parsonage Road, Takeley, Essex, CM22 6PU |