Clarendon Equestrian Ltd Accounts

CLARENDON EQUESTRIAN LIMITED - Company Information






Clarendon Equestrian Ltd
	Company No. 01460278
		Information for Filing with The Registrar
		31 March 2017

The Directors present their report and the accounts for the year ended 31 March 2017.

Principal activities
The principal activity of the company during the year under review was Equestrian Services.




Directors

The Directors who served at any time during the year were as follows:

J. Mitchell
S. Mitchell


































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

J. Mitchell
Director
15 December 2017

at	31 March 2017

Company No.		01460278	Notes	2017	2016
				£	£
Fixed assets

	Tangible assets		2	378	378


				378	378
Current assets
	Stocks		3	15,936	15,936


	Cash at bank and in hand			(6,190)	(6,200)
				9,746	9,736

Net current assets				9,746	9,736
Total assets less current liabilities				10,124	10,114




Net assets				10,124	10,114

Capital and reserves
	Called up share capital			1,000	1,000

	Revaluation reserve		4	3,693	3,693

	Profit and loss account		4	5,431	5,421

Total equity				10,124	10,114


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 15 December 2017

And signed on its behalf by:

J. Mitchell
Director

for the year ended 31 March 2017

Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

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

Leasehold land and buildings

25% on cost

Plant and machinery

25% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

2	Tangible fixed assets
			Land and buildings	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 April 2016	20,832	34,476	55,308




		At 31 March 2017	20,832	34,476	55,308
		Depreciation
		At 1 April 2016	20,832	34,098	54,930




		At 31 March 2017	20,832	34,098	54,930
		Net book values
		At 31 March 2017	-	378	378
		At 31 March 2016	-	378	378

3	Stocks
			2017	2016
			£	£
		Raw materials and consumables	15,936	15,936


			15,936	15,936

4	Reserves
			Revaluation Reserve	Total other reserves
			£	£
		At 1 April 2015	3,693	3,693



		At 31 March 2016 and 1 April 2016	3,693	3,693



		At 31 March 2017	3,693	3,693

		Revaluation reserve - reflects the revaluation of property other than investment properties.


		Profit and loss account - includes all current and prior period retained profits and losses.

Related party disclosures

Controlling party

Immediate controlling party

No single party controls the company.

Additional information

Its registered number is:

01460278

Its registered office is:

1 The Courtyard

Chalvington

Hailsham

East Sussex

BN27 3TD