Pegasusforridehigh Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10392720

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		92,705		98,843

			92,705		98,843
CURRENT ASSETS
Debtors	5	44,280		44,321
Cash at bank and in hand		87,828		48,004

		132,108		92,325
Creditors: Amounts Falling Due Within One Year	6	(232,401 )		(143,616 )

NET CURRENT ASSETS (LIABILITIES)			(100,293 )		(51,291 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(7,588 )		47,552

Creditors: Amounts Falling Due After More Than One Year	7		(22,147 )		(136,033 )

NET LIABILITIES			(29,735 )		(88,481 )

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			(29,835 )		(88,581 )

SHAREHOLDERS' FUNDS			(29,735)		(88,481)

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Pegasusforridehigh Limited

Balance Sheet (continued)

As At 31 December 2025

For the 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.

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

Brandon Ransley

Director

21 September 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Pegasusforridehigh Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10392720 . The registered office is Ride High Equestrian Centre, Redland Drive, Loughton, Milton Keynes, MK5 8EJ.

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.

On this basis the directors consider the preparation of the financial statements on a going concern basis to be most appropriate.

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.

2.3. 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:

Leasehold	10% reducing balance
Plant & Machinery	25% reducing balance or 25% straight line
Fixtures & Fittings	25% reducing balance
Computer Equipment	33% reducing balance

2.4. Leasing and Hire Purchase Contracts

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2.5. Taxation

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

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 year 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 15 (2024: 14)

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Pegasusforridehigh Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2025	54,264	78,349	21,830	154,443
Additions	1,776	57,417	-	59,193
Disposals	-	(53,701 )	-	(53,701 )

As at 31 December 2025	56,040	82,065	21,830	159,935

Depreciation
As at 1 January 2025	26,677	26,460	2,463	55,600
Provided during the period	6,086	17,918	3,326	27,330
Disposals	-	(15,700 )	-	(15,700 )

As at 31 December 2025	32,763	28,678	5,789	67,230

Net Book Value
As at 31 December 2025	23,277	53,387	16,041	92,705

As at 1 January 2025	27,587	51,889	19,367	98,843

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	18,882	22,012
Prepayments and accrued income	8,684	4,780
Other debtors	10,724	-
Deferred tax current asset	5,990	14,029

	44,280	40,821
Due after more than one year
Deferred tax current asset	-	3,500

	44,280	44,321

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	9,167	4,110
Bank loans and overdrafts	5,794	5,794
Taxes and social security	20,226	4,724
Other creditors	1,700	1,633
Accruals and deferred income	48,083	10,446
Amounts owed to group undertakings	147,431	116,909

	232,401	143,616

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Pegasusforridehigh Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

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

	2025	2024
	£	£
Bank loans	22,147	27,941
Amounts owed to group undertakings	-	108,092

	22,147	136,033

8. Secured Creditors

The amount owed to group undertakings is a loan facility provided on commercial terms by the Company’s parent undertaking, Ride High Limited. It comprises an original loan facility of £300,000 dated 25 July 2017 and an additional facility of up to £90,000 dated 24 September 2018.

Interest accrues daily on amounts drawn under the facilities. The original facility bears interest at 5% per annum. The additional facility bore interest at 7% per annum until 1 January 2022, from which date the interest rate applicable to both facilities was revised to 5% per annum. Interest is payable annually on 30 June.

The maximum amount of the combined facility was £390,000 until 30 June 2020 and the agreement stated that it should reduce as follows:

30 June 2020 - £350,000

30 June 2021 - £225,000

30 June 2022 - £100,000

30 June 2023 - £0

In 2022 this combined facility was restructured. A capital repayment of £50,000 was made in February 2022. Future capital repayments were due to be made as follows:

£50,000 by 31 December 2023

£75,000 by 31 December 2024

£100,000 by 31 December 2025

Balance of loan by 31 December 2026

During the year, capital repayments of £100,000 were made in accordance with the agreed repayment schedule.

At the balance sheet date, the remaining capital amount of £108,092 is repayable by 31 December 2026.

There is a secured fixed and floating charge over the assets of the company relating to the restructured facility.

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases in respect of property is £1,601,900 (2024: £1,670,900).

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