Stirrups Holdings Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05327312 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

STIRRUPS HOLDINGS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C G Reed

Mr B J Reed

Mrs W Reed

REGISTERED OFFICE:

Stirrups Country House Hotel

Maidens Green

Bracknell

Berkshire

RG42 6LD

REGISTERED NUMBER:

05327312 (England and Wales)

FIXED ASSETS

Tangible assets

4

5,446,072

5,446,072

Investments

5

1,000

1,000

5,447,072

5,447,072

CURRENT ASSETS

Cash at bank

6,530

43,936

CREDITORS

Amounts falling due within one year

444,034

440,014

NET CURRENT LIABILITIES

(437,504

)

(396,078

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,009,568

5,050,994

CREDITORS

Amounts falling due after more than one year

6

(707,673

)

(759,843

)

PROVISIONS FOR LIABILITIES

(68,426

)

(68,426

)

NET ASSETS

4,233,469

4,222,725

CAPITAL AND RESERVES

Called up share capital

1,050

1,050

Share premium

3,894,910

3,894,910

Retained earnings

337,509

326,765

SHAREHOLDERS' FUNDS

4,233,469

4,222,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2023 and were signed on its behalf by:

Mr C G Reed - Director

1.	STATUTORY INFORMATION

Stirrups Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents management charges receivable, excluding value added tax.

Tangible fixed assets

The directors consider that the freehold property is maintained in such a state of repair that its residual value is at least equal to its net book value. As a result, the corresponding depreciation would not be material and, therefore, is not charged in the profit and loss account. The directors perform annual impairment reviews to ensure that the carrying value is not higher than the recoverable amount.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2022

and 31 March 2023

5,446,072

NET BOOK VALUE

At 31 March 2023

5,446,072

At 31 March 2022

5,446,072

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2022

and 31 March 2023

1,000

NET BOOK VALUE

At 31 March 2023

1,000

At 31 March 2022

1,000

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2023

2022

£

£

Repayable by instalments

Bank loans

499,673

551,843

7.	SECURED DEBTS

The following secured debts are included within creditors:

2023

2022

£

£

Bank loans

759,673

811,843

8.	CONTINGENT LIABILITIES

The group's bank facilities are secured by a legal charge, with unlimited cross guarantees between Stirrups Holdings Limited and Stirrups Hotel Limited.