Abbreviated Company Accounts - STRATHEARN SPORT HORSES LIMITED

STRATHEARN SPORT HORSES LIMITED - Company Information

SC229906 STRATHEARN SPORT HORSES LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true SC229906 2015-01-01 2015-12-31 SC229906 2015-12-31 SC229906 2014-12-31 SC229906 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 SC229906 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:Director3 2015-01-01 2015-12-31 uk-gaap-cd-bus:Director3 2015-12-31 uk-gaap-cd-bus:Director3 2014-12-31 uk-gaap-cd-bus:Director4 2015-01-01 2015-12-31 uk-gaap-cd-bus:Director4 2015-12-31 uk-gaap-cd-bus:Director4 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number SC229906

STRATHEARN SPORT HORSES LIMITED

Abbreviated Accounts

31 December 2015

STRATHEARN SPORT HORSES LIMITED Registered Number SC229906

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	11,032	14,709
		11,032	14,709
Current assets
Stocks		30,800	34,200
Cash at bank and in hand		12,508	9,672
		43,308	43,872
Creditors: amounts falling due within one year		(74,862)	(70,743)
Net current assets (liabilities)		(31,554)	(26,871)
Total assets less current liabilities		(20,522)	(12,162)
Total net assets (liabilities)		(20,522)	(12,162)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(20,622)	(12,262)
Shareholders' funds		(20,522)	(12,162)

For the year ending 31 December 2015 the company was entitled to exemption 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.

Approved by the Board on 27 September 2016

And signed on their behalf by:
Mrs S A A Houlden, Director

STRATHEARN SPORT HORSES LIMITED Registered Number SC229906

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value of sales of goods to customers, net of discounts, allowances, volume and promotional rebates. Sales of goods are recognised when the company has delivered products to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Plant and machinery - 20% reducing balance basis.

Other accounting policies
Going concern
Whilst liabilities exceed assets, the directors are of the view that a going concern policy is appropriate. The directors are willing to support Strathearn Sports Horses Limited for the foreseeable future.

2Tangible fixed assets

	£
Cost
At 1 January 2015	66,222
Additions	1
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	66,223
Depreciation
At 1 January 2015	51,513
Charge for the year	3,678
On disposals	-
At 31 December 2015	55,191
Net book values
At 31 December 2015	11,032
At 31 December 2014	14,709

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	Mrs S A A Houlden
Description of the transaction:	Loan account
Balance at 1 January 2015:	£ 41,599
Advances or credits made:	£ 0
Advances or credits repaid:	£ 5,000
Balance at 31 December 2015:	£ 36,599

Name of director receiving advance or credit:	Mrs H A England
Description of the transaction:	Loan account
Balance at 1 January 2015:	£ 17,500
Advances or credits made:	-
Advances or credits repaid:	-
Balance at 31 December 2015:	£ 17,500