Company registration number 04911659 (England and Wales)
HISTORIC MOTOR RACING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
HISTORIC MOTOR RACING LIMITED
COMPANY INFORMATION
Director
Mr R Maydon
Secretary
Mrs A Maydon
Company number
04911659
Registered office
35a Market Place
Olney
Buckinghamshire
UK
MK46 4AJ
Accountants
McShane Wright
2 College Street
Higham Ferrers
Northamptonshire
UK
NN10 8DZ
HISTORIC MOTOR RACING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2
HISTORIC MOTOR RACING LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
-
0
111,079
Creditors: amounts falling due within one year
(1,983)
(1,983)
Net current (liabilities)/assets
(1,983)
109,096
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(1,984)
109,095
Total equity
(1,983)
109,096

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 20 August 2024
Mr R Maydon
Director
Company Registration No. 04911659
HISTORIC MOTOR RACING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information

Historic Motor Racing Limited is a private company limited by shares incorporated in England and Wales. The registered office is 35a Market Place, Olney, Buckinghamshire, UK, MK46 4AJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
3
Related party transactions

At the year end a balance of £Nil was owed to the company by Masters Historic Racing Limited (2022 - £111,079). Masters Historic Racing Limited is the holding company of Historic Motor Racing Limited. The amount for the previous year is shown within amounts owed by group undertakings..

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