RB EQUESTRIAN LTD

2021-04-012022-03-312022-03-31false04716728RB EQUESTRIAN LTD2023-03-2215120iso4217:GBPxbrli:pure047167282021-04-01047167282022-03-31047167282021-04-012022-03-31047167282020-04-01047167282021-03-31047167282020-04-012021-03-3104716728bus:SmallEntities2021-04-012022-03-3104716728bus:AuditExempt-NoAccountantsReport2021-04-012022-03-3104716728bus:FullAccounts2021-04-012022-03-3104716728bus:PrivateLimitedCompanyLtd2021-04-012022-03-3104716728core:WithinOneYear2022-03-3104716728core:AfterOneYear2022-03-3104716728core:WithinOneYear2021-03-3104716728core:AfterOneYear2021-03-3104716728core:ShareCapital2022-03-3104716728core:SharePremium2022-03-3104716728core:RevaluationReserve2022-03-3104716728core:OtherReservesSubtotal2022-03-3104716728core:RetainedEarningsAccumulatedLosses2022-03-3104716728core:ShareCapital2021-03-3104716728core:SharePremium2021-03-3104716728core:RevaluationReserve2021-03-3104716728core:OtherReservesSubtotal2021-03-3104716728core:RetainedEarningsAccumulatedLosses2021-03-3104716728core:LandBuildings2022-03-3104716728core:PlantMachinery2022-03-3104716728core:Vehicles2022-03-3104716728core:FurnitureFittings2022-03-3104716728core:OfficeEquipment2022-03-3104716728core:NetGoodwill2022-03-3104716728core:IntangibleAssetsOtherThanGoodwill2022-03-3104716728core:ListedExchangeTraded2022-03-3104716728core:UnlistedNon-exchangeTraded2022-03-3104716728core:LandBuildings2021-03-3104716728core:PlantMachinery2021-03-3104716728core:Vehicles2021-03-3104716728core:FurnitureFittings2021-03-3104716728core:OfficeEquipment2021-03-3104716728core:NetGoodwill2021-03-3104716728core:IntangibleAssetsOtherThanGoodwill2021-03-3104716728core:ListedExchangeTraded2021-03-3104716728core:UnlistedNon-exchangeTraded2021-03-3104716728core:LandBuildings2021-04-012022-03-3104716728core:PlantMachinery2021-04-012022-03-3104716728core:Vehicles2021-04-012022-03-3104716728core:FurnitureFittings2021-04-012022-03-3104716728core:OfficeEquipment2021-04-012022-03-3104716728core:NetGoodwill2021-04-012022-03-3104716728core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3104716728core:ListedExchangeTraded2021-04-012022-03-3104716728core:UnlistedNon-exchangeTraded2021-04-012022-03-3104716728core:MoreThanFiveYears2021-04-012022-03-3104716728core:Non-currentFinancialInstruments2022-03-3104716728core:Non-currentFinancialInstruments2021-03-3104716728dpl:CostSales2021-04-012022-03-3104716728dpl:DistributionCosts2021-04-012022-03-3104716728dpl:AdministrativeExpenses2021-04-012022-03-3104716728core:LandBuildings2021-04-012022-03-3104716728core:PlantMachinery2021-04-012022-03-3104716728core:Vehicles2021-04-012022-03-3104716728core:FurnitureFittings2021-04-012022-03-3104716728core:OfficeEquipment2021-04-012022-03-3104716728core:NetGoodwill2021-04-012022-03-3104716728core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3104716728dpl:GroupUndertakings2021-04-012022-03-3104716728dpl:ParticipatingInterests2021-04-012022-03-3104716728dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3104716728core:ListedExchangeTraded2021-04-012022-03-3104716728dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3104716728core:UnlistedNon-exchangeTraded2021-04-012022-03-3104716728dpl:CostSales2020-04-012021-03-3104716728dpl:DistributionCosts2020-04-012021-03-3104716728dpl:AdministrativeExpenses2020-04-012021-03-3104716728core:LandBuildings2020-04-012021-03-3104716728core:PlantMachinery2020-04-012021-03-3104716728core:Vehicles2020-04-012021-03-3104716728core:FurnitureFittings2020-04-012021-03-3104716728core:OfficeEquipment2020-04-012021-03-3104716728core:NetGoodwill2020-04-012021-03-3104716728core:IntangibleAssetsOtherThanGoodwill2020-04-012021-03-3104716728dpl:GroupUndertakings2020-04-012021-03-3104716728dpl:ParticipatingInterests2020-04-012021-03-3104716728dpl:GroupUndertakingscore:ListedExchangeTraded2020-04-012021-03-3104716728core:ListedExchangeTraded2020-04-012021-03-3104716728dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-04-012021-03-3104716728core:UnlistedNon-exchangeTraded2020-04-012021-03-3104716728core:NetGoodwill2022-03-3104716728core:IntangibleAssetsOtherThanGoodwill2022-03-3104716728core:LandBuildings2022-03-3104716728core:PlantMachinery2022-03-3104716728core:Vehicles2022-03-3104716728core:FurnitureFittings2022-03-3104716728core:OfficeEquipment2022-03-3104716728core:AfterOneYear2022-03-3104716728core:WithinOneYear2022-03-3104716728core:ListedExchangeTraded2022-03-3104716728core:UnlistedNon-exchangeTraded2022-03-3104716728core:ShareCapital2022-03-3104716728core:SharePremium2022-03-3104716728core:RevaluationReserve2022-03-3104716728core:OtherReservesSubtotal2022-03-3104716728core:RetainedEarningsAccumulatedLosses2022-03-3104716728core:NetGoodwill2021-03-3104716728core:IntangibleAssetsOtherThanGoodwill2021-03-3104716728core:LandBuildings2021-03-3104716728core:PlantMachinery2021-03-3104716728core:Vehicles2021-03-3104716728core:FurnitureFittings2021-03-3104716728core:OfficeEquipment2021-03-3104716728core:AfterOneYear2021-03-3104716728core:WithinOneYear2021-03-3104716728core:ListedExc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RB EQUESTRIAN LTD

Registered Number
04716728
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2022

RB EQUESTRIAN LTD

Company Information
for the year from 1 April 2021 to 31 March 2022


Directors	Edward Norman Boggis
	Rosslyn Boggis
	Didier Francis Jaquet
	Kathryn Sian Jaquet


Registered Address	Unit 7 Lower Rectory Farm
	Mill Lane
	Great Brickhill
	MK17 9FX


Registered Number	04716728 (England and Wales)

RB EQUESTRIAN LTD

Balance Sheet as at
31 March 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	6		19,005		22,956
			19,005		22,956
Current assets
Debtors	7	679,359		436,969
Cash at bank and on hand		121,284		221,066
		800,643		658,035
Creditors amounts falling due within one year	8	(359,602)		(343,628)
Net current assets (liabilities)			441,041		314,407
Total assets less current liabilities			460,046		337,363
Creditors amounts falling due after one year	9		(45,609)		(50,000)
Provisions for liabilities	10		(5,017)		(4,266)
Net assets			409,420		283,097
Capital and reserves
Called up share capital			93		93
Profit and loss account			409,327		283,004
Shareholders' funds			409,420		283,097

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 22 March 2023, and are signed on its behalf by:

Didier Francis Jaquet
Director
Registered Company No. 04716728

RB EQUESTRIAN LTD

Notes to the Financial Statements
for the year ended 31 March 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Intangible assets policy
	An intangible asset is an identifiable non-monetary asset without physical substance. It is identifiable when it is separable, i.e. is capable of being separated or divided from the Group, or when it arises from contractual or other legal rights. An intangible asset shall be recognized if, and only if: it is probable that the expected future economic benefits that are attributable to the asset will flow to the Group; and the cost of the asset can be measured reliably. Intangible assets acquired or developed internally are initially measured at cost. The cost of an acquired intangible asset comprises its purchase price, import duties, and non-refundable purchase taxes, after deducting trade discounts and rebates, and any directly attributable cost of preparing the asset for its intended use. Subsequent expenditure on intangible assets is capitalized only if it is probable that it will increase the future economic benefits associated with the specific asset. Other expenditure is recognized in profit or loss as incurred. After initial recognition, intangible assets are measured at cost less accumulated amortization and impairment losses, if any. Intangible assets are amortized on a straight-line basis over their estimated useful lives, which do not exceed the contractual period, if any. The estimated useful lives, residual values, and amortization methods are reviewed at each year end, and any changes in estimates are accounted for prospectively.

Intangible assets policy

An intangible asset is an identifiable non-monetary asset without physical substance. It is identifiable when it is separable, i.e. is capable of being separated or divided from the Group, or when it arises from contractual or other legal rights. An intangible asset shall be recognized if, and only if:

it is probable that the expected future economic benefits that are attributable to the asset will flow to the Group; and
the cost of the asset can be measured reliably.
Intangible assets acquired or developed internally are initially measured at cost. The cost of an acquired intangible asset comprises its purchase price, import duties, and non-refundable purchase taxes, after deducting trade discounts and rebates, and any directly attributable cost of preparing the asset for its intended use. Subsequent expenditure on intangible assets is capitalized only if it is probable that it will increase the future economic benefits associated with the specific asset. Other expenditure is recognized in profit or loss as incurred.

After initial recognition, intangible assets are measured at cost less accumulated amortization and impairment losses, if any.

Intangible assets are amortized on a straight-line basis over their estimated useful lives, which do not exceed the contractual period, if any. The estimated useful lives, residual values, and amortization methods are reviewed at each year end, and any changes in estimates are accounted for prospectively.

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2022		2021
	Average number of employees during the year	14		14

5.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 21	60,000	60,000
At 31 March 22	60,000	60,000
Amortisation and impairment
At 01 April 21	60,000	60,000
At 31 March 22	60,000	60,000
Net book value
At 31 March 22	-	-
At 31 March 21	-	-

6.	Property, plant and equipment

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 21	35,357	80,109	17,333	132,799
Additions	2,480	1,425	96	4,001
Disposals	(23,349)	(78,086)	(8,286)	(109,721)
At 31 March 22	14,488	3,448	9,143	27,079
Depreciation and impairment
At 01 April 21	21,773	78,684	9,386	109,843
Charge for year	2,870	862	2,286	6,018
On disposals	(21,415)	(78,086)	(8,286)	(107,787)
At 31 March 22	3,228	1,460	3,386	8,074
Net book value
At 31 March 22	11,260	1,988	5,757	19,005
At 31 March 21	13,584	1,425	7,947	22,956

7.	Debtors

	2022	2021
	£	£
Trade debtors / trade receivables	666,456	431,419
Other debtors	7,353	-
Prepayments and accrued income	5,550	5,550
Total	679,359	436,969


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

8.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	260,374	207,199
Bank borrowings and overdrafts	41,339	92,645
Taxation and social security	46,521	36,222
Other creditors	9,641	5,836
Accrued liabilities and deferred income	1,727	1,726
Total	359,602	343,628


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

9.	Creditors after one year

	2022	2021
	£	£
Bank borrowings and overdrafts	45,609	50,000
Total	45,609	50,000

10.	Provisions for liabilities

	2022	2021
	£	£
Net deferred tax liability (asset)	5,017	4,266
Total	5,017	4,266