Can you explain the mystery sign in Hemel Hempstead?

This unusual road sign has just appeared at Water End, near Hemel Hempstead.   Even if it is an official sign it is still a mystery to'local residents who have never seem horse-drawn carts in the area.

This unusual road sign has just appeared at Water End, near Hemel Hempstead. Even if it is an official sign it is still a mystery to'local residents who have never seem horse-drawn carts in the area.

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A mysterious new sign has been erected at Water End in Hemel Hempstead, leaving residents and motorists confused.

The Highway Code states that this sign means ‘Horse drawn vehicles likely to be in road ahead,’ but local reckon they have never seen any such carts on the road.

What do you think?