Tom Monaghan Showjumpers Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10173617 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2021

for

Tom Monaghan Showjumpers Limited

Page

Balance Sheet

1

FIXED ASSETS

6,257

8,343

CURRENT ASSETS

546

7,322

CREDITORS

Amounts falling due within one year

(33,728

)

(50,228

)

NET CURRENT LIABILITIES

(33,182

)

(42,906

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(26,925

)

(34,563

)

CREDITORS

Amounts falling due after more than one year

20,000

-

NET LIABILITIES

(46,925

)

(34,563

)

CAPITAL AND RESERVES

(46,925

)

(34,563

)

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Tom Monaghan Showjumpers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10173617

Registered office:

St Clares Cottage

Hammer Lane

Grayshott

Hindhead

GU26 6JD

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 1 (2020 - 1 ) .

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2021 and 31 May 2020:

31.5.21

31.5.20

£

£

Mr T J Monaghan

Balance outstanding at start of year

(18,372

)

(15,295

)

Amounts advanced

34,734

22,612

Amounts repaid

(20,467

)

(25,689

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(4,105

)

(18,372

)

4.

COVID-19

In common with many other companies, the outbreak of COVID-19 in the UK and the measures being taken to control its spread have had a detrimental impact on our business. Due to safety and Government lockdown restrictions and guidance the company offices were closed during the lockdown, and business meetings and travel were restricted during the year. Some staff were furloughed during the lockdown due to having to close the yard and the and inability to work from home.

The directors believe the company to have sufficient funds available to cover debt obligations and that the financial statements are to be prepared on a going concern basis. The directors consider that no further adjustments or impairments are to be made in respect to the assets or debts due to or from the company as at the balance sheet date.

The future duration and global impact of the COVID-19 pandemic remains unclear at this time. It is not possible to reliably estimate the duration and severity of the future consequences, as well as their impact on the financial position and results of the company for future periods.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 22 February 2022 and were signed by:

Mr T J Monaghan - Director