MARK HARROP RACING (ON COURSE) LIMITED

Company Registration Number:
08027132 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2022

Period of accounts

Start date: 01 March 2021

End date: 28 February 2022

MARK HARROP RACING (ON COURSE) LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2022

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 12

MARK HARROP RACING (ON COURSE) LIMITED

Company Information

for the Period Ended 28 February 2022




Director: M Harrop
T Harrop
Registered office: 3
Belle Vue
Medomsley Edge
Consett
County Durham
DH8 6PF
Company Registration Number: 08027132 (England and Wales)

MARK HARROP RACING (ON COURSE) LIMITED

Directors' Report Period Ended 28 February 2022

The directors present their report with the financial statements of the company for the period ended 28 February 2022

Principal Activities

On-course bookmaking on horse races in the United Kingdom

Directors

The directors shown below have held office during the whole of the period from 01 March 2021 to 28 February 2022
M Harrop
T Harrop

This report was approved by the board of directors on 4 September 2022
And Signed On Behalf Of The Board By:

Name: M Harrop
Status: Director

MARK HARROP RACING (ON COURSE) LIMITED

Profit and Loss Account

for the Period Ended 28 February 2022


Notes

2022
£

2021
£
Turnover 66,470 12,831
Gross Profit or (Loss) 91,611 40,330
Income from coronavirus (COVID-19) business support grants 25,141 27,499
Administrative Expenses ( 70,189 ) ( 27,182 )
Operating Profit or (Loss) 21,422 13,148
Profit or (Loss) Before Tax 21,422 13,148
Tax on Profit ( 4,711 ) ( 1,548 )
Profit or (Loss) for Period 16,711 11,600

The notes form part of these financial statements

MARK HARROP RACING (ON COURSE) LIMITED

Balance sheet

As at 28 February 2022


Notes

2022
£

2021
£
Fixed assets
Tangible assets: 5 10,125 13,500
Total fixed assets: 10,125 13,500
Current assets
Debtors: 6 0 7,500
Cash at bank and in hand: 94,166 71,174
Total current assets: 94,166 78,674
Creditors: amounts falling due within one year: 7 ( 4,711 ) ( 1,731 )
Net current assets (liabilities): 89,455 76,943
Total assets less current liabilities: 99,580 90,443
Creditors: amounts falling due after more than one year: 8 ( 44,926 ) ( 50,000 )
Total net assets (liabilities): 54,654 40,443

The notes form part of these financial statements

MARK HARROP RACING (ON COURSE) LIMITED

Balance sheet continued

As at 28 February 2022


Notes

2022
£

2021
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 54,653 40,442
Shareholders funds: 54,654 40,443

For the year ending 28 February 2022 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 4 September 2022
And Signed On Behalf Of The Board By:

Name: M Harrop
Status: Director

The notes form part of these financial statements

MARK HARROP RACING (ON COURSE) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The company's operating income is primarily in the form of cash takings from, less payouts to, members of the public placing bets at horse race meetings in the United Kingdom

    Other accounting policies

    The racecourse betting pitches from which the company operates are owned by director M Harrop personally and are not, therefore, recorded in the balance sheet of the company

MARK HARROP RACING (ON COURSE) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2022

  • 2. Employees


    2022

    2021
    Average number of employees during the period 1 1

MARK HARROP RACING (ON COURSE) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2022

  • 3. Off balance sheet disclosure

    No

MARK HARROP RACING (ON COURSE) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2022

4. Dividends


2022
£

2021
£
Dividends paid 2,500 12,000

MARK HARROP RACING (ON COURSE) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2022

5. Tangible assets

Motor vehicles Total
Cost £ £
At 01 March 2021 13,500 13,500
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 28 February 2022 13,500 13,500
Depreciation
At 01 March 2021 0 0
Charge for year 3,375 3,375
On disposals - -
Other adjustments - -
At 28 February 2022 3,375 3,375
Net book value
At 28 February 2022 10,125 10,125
At 28 February 2021 13,500 13,500

MARK HARROP RACING (ON COURSE) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2022

6. Debtors


2022
£

2021
£
Other debtors 0 7,500
Total 0 7,500

MARK HARROP RACING (ON COURSE) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2022

7.Creditors: amounts falling due within one year note


2022
£

2021
£
Taxation and social security 4,711 1,497
Accruals and deferred income 0 234
Total 4,711 1,731

MARK HARROP RACING (ON COURSE) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2022

8.Creditors: amounts falling due after more than one year


2022
£

2021
£
Bank loans and overdrafts 44,926 50,000
Total 44,926 50,000