Hill Top Equestrian Centre Limited - Period Ending 2018-11-30

Registration number: 07429149

Hill Top Equestrian Centre Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2018

Hill Top Equestrian Centre Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Financial Statements	4 to 6

Hill Top Equestrian Centre Limited

Company Information

Directors

V R Kinder A J Saini J Kinder

Registered office

Hill Top Farm Danethorpe Lane Danethorpe Hill Newark NG24 2PD

Bankers

National Westminster Bank PLC 1 Market Place Newark Nottingham NG24 1DY

Accountants

Ashgates Corporate Services Limited 5 Prospect Place Millennium Way Pride Park Derby DE24 8HG

Page 1

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Hill Top Equestrian Centre Limited
for the Year Ended 30 November 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Hill Top Equestrian Centre Limited for the year ended 30 November 2018 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/
member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Hill Top Equestrian Centre Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Hill Top Equestrian Centre Limited and state those matters that we have agreed to state to the Board of Directors of Hill Top Equestrian Centre Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/
technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hill Top Equestrian Centre Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Hill Top Equestrian Centre Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Hill Top Equestrian Centre Limited. You consider that Hill Top Equestrian Centre Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Hill Top Equestrian Centre Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

.............................................................

Ashgates Corporate Services Limited
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG

9 May 2019

Page 2

Hill Top Equestrian Centre Limited

(Registration number: 07429149)
Balance Sheet as at 30 November 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	4	2,863	3,818
Current assets
Debtors	5	25,286	28,796
Cash at bank and in hand		318	632
		25,604	29,428
Creditors: Amounts falling due within one year	6	(127,771)	(97,635)
Net current liabilities		(102,167)	(68,207)
Total assets less current liabilities		(99,304)	(64,389)
Provisions for liabilities		(544)	(726)
Net liabilities		(99,848)	(65,115)
Capital and reserves
Called up share capital	7	100	100
Profit and loss account		(99,948)	(65,215)
Total equity		(99,848)	(65,115)

For the financial year ending 30 November 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 9 May 2019 and signed on its behalf by:
 

.........................................

V R Kinder
Director

The notes on pages 4 to 6 form an integral part of these financial statements.

Page 3

Hill Top Equestrian Centre Limited

Notes to the Financial Statements for the Year Ended 30 November 2018

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of the registered office is given in the company information on page 1 of the financial statements.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£) and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on the continued support of the director not requiring the withdrawal of his monies owed to him until sufficient funds are available.

If the company were unable to trade, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance
Plant and machinery	25% reducing balance

Page 4

Hill Top Equestrian Centre Limited

Notes to the Financial Statements for the Year Ended 30 November 2018

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2017 - 4).

4	Tangible assets

	Office equipment  £	Plant and machinery  £	Total £
Cost or valuation
At 1 December 2017	1,152	8,950	10,102
At 30 November 2018	1,152	8,950	10,102
Depreciation
At 1 December 2017	523	5,761	6,284
Charge for the year	157	798	955
At 30 November 2018	680	6,559	7,239
Carrying amount
At 30 November 2018	472	2,391	2,863
At 30 November 2017	629	3,189	3,818

5

Debtors

	2018 £	2017 £
Trade debtors	490	-
Other debtors	24,796	28,796
	25,286	28,796

Page 5

Hill Top Equestrian Centre Limited

Notes to the Financial Statements for the Year Ended 30 November 2018

6

Creditors

Creditors: amounts falling due within one year

	2018 £	2017 £
Due within one year
Trade creditors	1,411	1,205
Taxation and social security	212	-
Other creditors	126,148	96,430
	127,771	97,635

7	Share capital

Allotted, called up and fully paid shares

	2018		2017
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100

8	Related party transactions

Summary of transactions with other related parties

Directors of the company

 At the balance sheet date amounts owed to the directors amounted to £113,918 (2017 - £88,294).

 

Page 6