IRIS Accounts Production v23.3.1.45 06989700 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069897002022-03-31069897002023-03-31069897002022-04-012023-03-31069897002021-03-31069897002021-04-012022-03-31069897002022-03-3106989700ns10:Originalns15:EnglandWales2022-04-012023-03-3106989700ns14:PoundSterlingns10:Original2022-04-012023-03-3106989700ns10:Originalns10:Director12022-04-012023-03-3106989700ns10:Original2022-04-012023-03-3106989700ns10:Original2023-03-3106989700ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3106989700ns10:Originalns10:SmallEntities2022-04-012023-03-3106989700ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3106989700ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3106989700ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3106989700ns10:Originalns10:FullAccounts2022-04-012023-03-3106989700ns10:CompanySecretary1ns10:Original2022-04-012023-03-3106989700ns10:Originalns10:RegisteredOffice2022-04-012023-03-3106989700ns10:Original2022-03-3106989700ns10:Originalns5:CurrentFinancialInstruments2023-03-3106989700ns10:Originalns5:CurrentFinancialInstruments2022-03-3106989700ns5:ShareCapitalns10:Original2023-03-3106989700ns5:ShareCapitalns10:Original2022-03-3106989700ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3106989700ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3106989700ns10:Originalns5:ComputerEquipment2022-04-012023-03-3106989700ns10:Original2021-04-012022-03-3106989700ns10:Originalns5:ComputerEquipment2022-03-3106989700ns10:Originalns5:ComputerEquipment2023-03-3106989700ns10:Originalns5:ComputerEquipment2022-03-3106989700ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3106989700ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 06989700 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Foxtrot Racing Management Ltd

Foxtrot Racing Management Ltd (Registered number: 06989700)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Foxtrot Racing Management Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: D A Abraham





SECRETARY: D A Abraham





REGISTERED OFFICE: Hall Garth
Carperby
LEYBURN
North Yorkshire
DL8 4DQ





REGISTERED NUMBER: 06989700 (England and Wales)





ACCOUNTANTS: King Hope
Chartered Accountants
34 Romanby Road
NORTHALLERTON
North Yorkshire
DL7 8NF

Foxtrot Racing Management Ltd (Registered number: 06989700)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 550 730

CURRENT ASSETS
Debtors 5 1,357 57,331
Cash at bank 458,749 390,041
460,106 447,372
CREDITORS
Amounts falling due within one year 6 (33,826 ) (63,667 )
NET CURRENT ASSETS 426,280 383,705
TOTAL ASSETS LESS CURRENT
LIABILITIES

426,830

384,435

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 426,829 384,434
SHAREHOLDERS' FUNDS 426,830 384,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 17 November 2023 and were signed by:





D A Abraham - Director


Foxtrot Racing Management Ltd (Registered number: 06989700)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Foxtrot Racing Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 represents net invoiced sales of service and goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

Government grants
Government grants relating to the Coronavirus Job Retention Scheme are recognised over the period for which the employee is furloughed.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 3 (2022 - 1 ) .

Foxtrot Racing Management Ltd (Registered number: 06989700)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022
and 31 March 2023 3,224
DEPRECIATION
At 1 April 2022 2,494
Charge for year 180
At 31 March 2023 2,674
NET BOOK VALUE
At 31 March 2023 550
At 31 March 2022 730

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 54,628
Prepayments 1,357 2,703
1,357 57,331

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,143 1,740
Corporation tax 10,961 17,767
Social security and other taxes 9,709 32,702
Directors' current accounts 10,163 9,643
Accruals and deferred income 1,850 1,815
33,826 63,667

7. RELATED PARTY DISCLOSURES

At the balance sheet date the sum of £10,163 was owed to the director by the company (2022: £9,643).

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D A Abraham.