Eland Lodge Equestrian Limited

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 05152110

		2025		2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		178,607		187,854

			178,607		187,854
CURRENT ASSETS
Stocks	6	275,495		310,436
Debtors	7	42,201		51,081
Cash at bank and in hand		1,861		1,543

		319,557		363,060
Creditors: Amounts Falling Due Within One Year	8	(287,157 )		(323,009 )

NET CURRENT ASSETS (LIABILITIES)			32,400		40,051

TOTAL ASSETS LESS CURRENT LIABILITIES			211,007		227,905

Creditors: Amounts Falling Due After More Than One Year	9		(536,543 )		(483,069 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(27,095 )

NET LIABILITIES			(325,536 )		(282,259 )

CAPITAL AND RESERVES
Called up share capital	11		20,000		20,000
Profit and Loss Account			(345,536 )		(302,259 )

SHAREHOLDERS' FUNDS			(325,536)		(282,259)

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Eland Lodge Equestrian Limited

Balance Sheet (continued)

As At 30 December 2025

For the year ending 30 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

Mrs V M Coupland

Director

24 September 2026

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

1. Accounting Policies

1.1. 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.

1.2. 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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are SPF Entitlement. It is amortised to profit and loss account over its estimated economic life of 3 years.

1.4. 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	over the period of the lease
Plant & Machinery	15% reducing balance basis
Motor Vehicles	25% reducing balance basis
Fixtures & Fittings	15% reducing balance basis

1.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

1.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Eland Lodge Equestrian Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 December 2025

1.7. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

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.

2. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 39 (2024: 23)

3. Prior Period Adjustment

During the year, an error was identified in the stock management system which resulted in the overstatement of closing stock within earlier year accounts of the Company. The error was found to impact the stock value reported in the 2022, 2023 and 2024 financial statements. A prior year adjustment has been recognised in these accounts to restate the stock valuation for these periods.

The total overstatement of stock was £289,780 in previous periods. This adjustment has been creditted to closing stock on the balance sheet and debitted to retained earnings brought forward. Of this adjustment, £239,992 related to 2023 and earlier periods.

The comparative figures in these accounts have been restated to reflect the impact of the above error on the 2024 period. An error of £49,788 relates to this period and has been creditted to closing stock on the balance sheet and debitted to cost of sales in the profit & loss account.

4. Intangible Assets

	Other
	£
Cost
As at 31 December 2024	780

As at 30 December 2025	780

Amortisation
As at 31 December 2024	780

As at 30 December 2025	780

Net Book Value
As at 30 December 2025	-

As at 31 December 2024	-

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Eland Lodge Equestrian Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 December 2025

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 31 December 2024	87,219	400,100	125,321	297,584	910,224
Additions	-	2,000	22,000	3,417	27,417
Disposals	-	-	(15,500 )	-	(15,500 )

As at 30 December 2025	87,219	402,100	131,821	301,001	922,141

Depreciation
As at 31 December 2024	74,520	347,150	101,304	199,396	722,370
Provided during the period	2,242	8,034	8,468	15,047	33,791
Disposals	-	-	(12,627 )	-	(12,627 )

As at 30 December 2025	76,762	355,184	97,145	214,443	743,534

Net Book Value
As at 30 December 2025	10,457	46,916	34,676	86,558	178,607

As at 31 December 2024	12,699	52,950	24,017	98,188	187,854

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024 as restated
	£	£
Motor Vehicles	19,250	-

	19,250	-

6. Stocks

	2025	2024 as restated
	£	£
Stock	275,495	310,436

7. Debtors

	2025	2024 as restated
	£	£
Due within one year
Trade debtors	25,440	30,510
Prepayments and accrued income	16,761	16,684
Corporation tax recoverable assets	-	3,887

	42,201	51,081

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Eland Lodge Equestrian Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 December 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	6,579	-
Trade creditors	102,429	131,083
Bank loans and overdrafts	57,588	72,080
Other creditors	80,487	59,960
Accruals and deferred income	5,074	24,886
Directors' loan accounts	35,000	35,000

	287,157	323,009

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

	2025	2024 as restated
	£	£
Bank loans	-	11,300
Directors' loan account	536,543	471,769

	536,543	483,069

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024 as restated
	£	£
The maturity of these amounts is as follows:
Within one year	6,579	-

11. Share Capital

	2025	2024 as restated
	£	£
Allotted, Called up and fully paid	20,000	20,000

12. General Information

Eland Lodge Equestrian Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05152110 . The registered office is Suite 5, The Willows, Ransom Wood Business Park, Southwell Road West, Rainworth, Mansfield, Nottinghamshire, NG21 0HJ.

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