Wildehall Bloodstock Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08721748 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 7 OCTOBER 2013 TO 31 MAY 2014

FOR

WILDEHALL BLOODSTOCK LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M R Aspinall

P E Wildes

A A Hall

SECRETARY:

M A Wildes

REGISTERED OFFICE:

Unit 3, Metis 1 Scotland Street

Sheffield

South Yorkshire

S3 7AT

REGISTERED NUMBER:

08721748 (England and Wales)

ACCOUNTANTS:

Fairhurst

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Tangible assets

2

166,566

CURRENT ASSETS

Debtors

3

49,104

Cash at bank

275

49,379

CREDITORS

Amounts falling due within one year

272,222

NET CURRENT LIABILITIES

(222,843

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(56,277

)

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

(56,279

)

SHAREHOLDERS' FUNDS

(56,277

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 May 2015 and were signed on its behalf by:

P E Wildes - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared on the basis that the company continues to be a going concern.

The following decisions and actions have been taken by the directors to manage the working capital requirements

of the company.

- The company is reliant on the support of the directors, who have indicated their willingness to continue to

provide financial support to the company and management.

On this basis, the directors believe the company has adequate resources to continue in operational existence for

the foreseeable future and that it is therefore appropriate to prepare the financial statements on the going concern

basis.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Racehorses

-

25% on cost

Tangible fixed assets are stated at cost less depreciation.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Turnover

Turnover represents prize monies from the racing of horses, excluding VAT.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

177,670

At 31 May 2014

177,670

DEPRECIATION

Charge for period

11,104

At 31 May 2014

11,104

NET BOOK VALUE

At 31 May 2014

166,566

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 2

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

£1

2

Ordinary shares of £1 were issued during the period