Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-05-01falseNo description of principal activity11truetruefalse 13561650 2023-05-01 2024-04-30 13561650 2022-05-01 2023-04-30 13561650 2024-04-30 13561650 2023-04-30 13561650 c:Director2 2023-05-01 2024-04-30 13561650 d:MotorVehicles 2023-05-01 2024-04-30 13561650 d:MotorVehicles 2024-04-30 13561650 d:MotorVehicles 2023-04-30 13561650 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 13561650 d:CurrentFinancialInstruments 2024-04-30 13561650 d:CurrentFinancialInstruments 2023-04-30 13561650 d:Non-currentFinancialInstruments 2024-04-30 13561650 d:Non-currentFinancialInstruments 2023-04-30 13561650 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 13561650 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 13561650 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 13561650 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 13561650 d:ShareCapital 2024-04-30 13561650 d:ShareCapital 2023-04-30 13561650 d:RetainedEarningsAccumulatedLosses 2024-04-30 13561650 d:RetainedEarningsAccumulatedLosses 2023-04-30 13561650 c:FRS102 2023-05-01 2024-04-30 13561650 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 13561650 c:FullAccounts 2023-05-01 2024-04-30 13561650 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13561650 d:HirePurchaseContracts d:WithinOneYear 2024-04-30 13561650 d:HirePurchaseContracts d:WithinOneYear 2023-04-30 13561650 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-04-30 13561650 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-04-30 13561650 2 2023-05-01 2024-04-30 13561650 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 13561650










D P RACING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
D P RACING LIMITED
 
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF D P RACING LIMITED
FOR THE YEAR ENDED 30 APRIL 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D P Racing Limited for the year ended 30 April 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the Board of directors of D P Racing Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of D P Racing Limited and state those matters that we have agreed to state to the Board of directors of D P Racing Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D P Racing Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that D P Racing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of D P Racing Limited. You consider that D P Racing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of D P Racing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Alder Demain & Akers Limited
 
2 Michaels Court
Hanney Road
Southmoor
Abingdon
OXON
OX13 5HR
9 August 2024
Page 1

 
D P RACING LIMITED
REGISTERED NUMBER: 13561650

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
34,880
43,600

  
34,880
43,600

Current assets
  

Debtors: amounts falling due within one year
 5 
57,630
48,965

Cash at bank and in hand
 6 
110,419
110,860

  
168,049
159,825

Creditors: amounts falling due within one year
 7 
(42,489)
(55,359)

Net current assets
  
 
 
125,560
 
 
104,466

Total assets less current liabilities
  
160,440
148,066

Creditors: amounts falling due after more than one year
 8 
(5,489)
(18,657)

  

Net assets
  
154,951
129,409


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
154,851
129,309

  
154,951
129,409

Page 2

 
D P RACING LIMITED
REGISTERED NUMBER: 13561650
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 August 2024.




................................................
Brook Edward Alder
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
D P RACING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

 D P Racing Limited is a private company limited by shares which was incorporated in England
and Wales.
The company's registered office is:
2 Michaels Court, Hanney Road, Southmoor, Oxfordshire, OX13 5HR.
The principal activity of the company in the year was the provision of jockey services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
D P RACING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
D P RACING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
£

Wages and salaries
60,000

Social security costs
7,024

67,024


The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 May 2023
54,500



At 30 April 2024

54,500



Depreciation


At 1 May 2023
10,900


Charge for the year on financed assets
8,720



At 30 April 2024

19,620



Net book value



At 30 April 2024
34,880



At 30 April 2023
43,600

Page 6

 
D P RACING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Trade debtors
20,934
15,321

Other debtors
36,696
33,644

57,630
48,965


Included within other debtors due within one year is a loan to Mr D F Probert, a shareholder, amounting to £36,696  (2023 - £33,644)
This loan was repaid within nine months of the year end and interest has been charged at the official rate.




6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
110,419
110,860

110,419
110,860



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
460
1,597

Other taxation and social security
26,074
38,212

Obligations under finance lease and hire purchase contracts
13,170
13,170

Other creditors
2,172
1,920

Accruals and deferred income
613
460

42,489
55,359


Page 7

 
D P RACING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
5,489
18,657

5,489
18,657



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
13,170
13,170

Between 1-5 years
5,487
18,657

18,657
31,827

 
Page 8