Shade Oak Stud Bloodstock Limited - Accounts to registrar (filleted) - small 18.2

Shade Oak Stud Bloodstock Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 05069631(England and Wales)















SHADE OAK STUD BLOODSTOCK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019






SHADE OAK STUD BLOODSTOCK LIMITED (REGISTERED NUMBER: 05069631)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SHADE OAK STUD BLOODSTOCK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2019







DIRECTORS: Mr P D Hockenhull
Mrs E Hockenhull





REGISTERED OFFICE: Shade Oak Stud
Bagley
Ellesmere
Shropshire
SY12 9BY





REGISTERED NUMBER: 05069631(England and Wales)





ACCOUNTANTS: TCA (Shrewsbury) LLP
4 Claremont Bank
Shrewsbury
Shropshire
SY1 1RW

SHADE OAK STUD BLOODSTOCK LIMITED (REGISTERED NUMBER: 05069631)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 306,820 342,403

CURRENT ASSETS
Stocks 243,500 198,750
Debtors 5 196,566 209,704
Cash at bank and in hand 440,185 669,354
880,251 1,077,808
CREDITORS
Amounts falling due within one year 6 246,190 498,676
NET CURRENT ASSETS 634,061 579,132
TOTAL ASSETS LESS CURRENT
LIABILITIES

940,881

921,535

CREDITORS
Amounts falling due after more than one
year

7

(180,824

)

(367,301

)

PROVISIONS FOR LIABILITIES (58,296 ) (64,660 )
NET ASSETS 701,761 489,574

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 699,761 487,574
701,761 489,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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.

SHADE OAK STUD BLOODSTOCK LIMITED (REGISTERED NUMBER: 05069631)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2020
and were signed on its behalf by:





Mr P D Hockenhull- Director


SHADE OAK STUD BLOODSTOCK LIMITED (REGISTERED NUMBER: 05069631)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019

1. STATUTORY INFORMATION

Shade Oak Stud Bloodstock Limited is a private company, limited by shares, registered in England
and
Wales. The company's registered number is 05069631 and registered office address is:
Shade Oak Stud
Bagley
Ellesmere
Shropshire
SY12 9BY

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 is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery 25% straight line
Fixtures and fittings 25% straight line
Renewable energy sources 25% & 5% straight line
Motor vehicles 25% straight line
Property improvements 16.67% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
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 statement of financial position date.


SHADE OAK STUD BLOODSTOCK LIMITED (REGISTERED NUMBER: 05069631)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term,
whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The
capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12(2018 - 12) .

4. TANGIBLE FIXED ASSETS
Fixtures Renewable
Plant and and energy
machinery fittings sources
£    £    £   
COST
At 1 January 2019 42,283 16,025 483,666
Additions 3,175 - -
At 31 December 2019 45,458 16,025 483,666
DEPRECIATION
At 1 January 2019 40,922 15,501 190,230
Charge for year 2,155 175 19,346
At 31 December 2019 43,077 15,676 209,576
NET BOOK VALUE
At 31 December 2019 2,381 349 274,090
At 31 December 2018 1,361 524 293,436

SHADE OAK STUD BLOODSTOCK LIMITED (REGISTERED NUMBER: 05069631)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

4. TANGIBLE FIXED ASSETS - continued

Motor Property
vehicles improvements Totals
£    £    £   
COST
At 1 January 2019 88,858 32,005 662,837
Additions - - 3,175
At 31 December 2019 88,858 32,005 666,012
DEPRECIATION
At 1 January 2019 43,858 29,923 320,434
Charge for year 15,000 2,082 38,758
At 31 December 2019 58,858 32,005 359,192
NET BOOK VALUE
At 31 December 2019 30,000 - 306,820
At 31 December 2018 45,000 2,082 342,403

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 179,329 195,570
Other debtors 17,237 14,134
196,566 209,704

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 34,719 57,059
Telescope loan - 32,445
Tax 66,177 59,892
Social security and other taxes 3,531 2,975
VAT 82,501 127,226
Other creditors 2,038 -
Accruals and deferred income 57,224 219,079
246,190 498,676

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Directors' loan accounts 180,824 367,301

SHADE OAK STUD BLOODSTOCK LIMITED (REGISTERED NUMBER: 05069631)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

8. RELATED PARTY DISCLOSURES

During the year the company paid rent of £83,800 (2018: £83,800) to P D & E Hockenhull, a
partnership that the directors are partners within.

Included within other creditors due after more than one year is a loan with P D & E Hockenhull of
£180,824 (2018: £367,301).

9. ULTIMATE CONTROLLING PARTY

The company is under the control of P & E Hockenhull, the directors, who between them are the
majority shareholders.