| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 July 2026 |
| for |
| London Thoroughbred Services Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 July 2026 |
| for |
| London Thoroughbred Services Limited |
| London Thoroughbred Services Limited (Registered number: 01271471) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2026 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| London Thoroughbred Services Limited |
| Company Information |
| for the Year Ended 31 July 2026 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants, |
| 2 Cricklade Court |
| Old Town |
| Swindon |
| Wiltshire |
| SN1 3EY |
| SOLICITORS: |
| 25 Exeter Road |
| Newmarket |
| CB8 8AR |
| London Thoroughbred Services Limited (Registered number: 01271471) |
| Balance Sheet |
| 31 July 2026 |
| 2026 | 2025 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 8 |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| London Thoroughbred Services Limited (Registered number: 01271471) |
| Balance Sheet - continued |
| 31 July 2026 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| London Thoroughbred Services Limited (Registered number: 01271471) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2026 |
| 1. | STATUTORY INFORMATION |
| London Thoroughbred Services Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
| The company makes estimates and assumptions concering the future. The resulting accounting estimates will, by definition, seldon equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are address below: |
| (i) Stocks |
| Stock is valued at the lower of cost and net realisable value. Net realisable value is based on estimated selling price less any further costs expected to be incurred to disposal. |
| Shares in stallions are valued at cost of purchase, less amounts written off over the stallions' estimated useful life of up to 10 years. |
| The cost of foals bred by the company is based on the nomination fee of the stallion or, where a stallion owned by the company was used, the nomination fee as would be charged to a third party. Costs of maintaining the mare and the foal are also included. |
| Foals and yearlings are kept for trading purposes and, being difficult to value, are not revalued unless exceptional circumstances apply. |
| Turnover |
| Turnover represents net invoiced sales of goods and services, excluding value added tax. |
| Tangible fixed assets |
| Office Equipment | - |
| Motor vehicles | - |
| Computer equipment | - |
| London Thoroughbred Services Limited (Registered number: 01271471) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2026 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Financial instruments |
| Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| London Thoroughbred Services Limited (Registered number: 01271471) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2026 |
| 4. | TANGIBLE FIXED ASSETS |
| Office | Motor | Computer |
| Equipment | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 August 2025 |
| Additions |
| At 31 July 2026 |
| DEPRECIATION |
| At 1 August 2025 |
| Charge for year |
| At 31 July 2026 |
| NET BOOK VALUE |
| At 31 July 2026 |
| At 31 July 2025 |
| 5. | STOCKS |
| 2026 | 2025 |
| £ | £ |
| Stocks |
| Mr J Wigan valued the stock in accordance with the accounting policies set out on page 6. While recognising that Mr J Wigan is a company director, he is also a highly respected and experienced bloodstock agent and breeder. The Directors are therefore of the opinion that such a valuation is accurate and appropriate. The Directors do not consider it would be either commercially justifiable or appropriate to seek an independent valuation. |
| 6. | DEBTORS |
| 2026 | 2025 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Directors' current accounts | 69,906 | - |
| VAT |
| Deferred tax asset | 13,187 | - |
| Prepayments and accrued income |
| London Thoroughbred Services Limited (Registered number: 01271471) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2026 |
| 6. | DEBTORS - continued |
| 2026 | 2025 |
| £ | £ |
| Amounts falling due after more than one year: |
| Deferred tax asset | 25,011 | 13,187 |
| Aggregate amounts |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Trade creditors |
| VAT | - | 8,900 |
| Directors' current accounts | - | 92,760 |
| Accruals and deferred income |
| 8. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 August 2025 |
| Deficit for the year | ( |
) |
| At 31 July 2026 |
| 9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| At 31st July 2026 the director, J Wigan, owed the company £69,906 by way of his directors loan account (2025: £92,760 owed to the director). |