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REGISTERED NUMBER: 00984829 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

RACEMOOR LIMITED

RACEMOOR LIMITED (REGISTERED NUMBER: 00984829)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RACEMOOR LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr J N D Stelzer
Mrs A R Stelzer





REGISTERED OFFICE: 19 Holne Chase
London
N2 0QL





REGISTERED NUMBER: 00984829 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

RACEMOOR LIMITED (REGISTERED NUMBER: 00984829)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2 2

CURRENT ASSETS
Stocks 576,511 529,019
Debtors 5 597,920 602,081
Cash at bank 52,599 63,239
1,227,030 1,194,339
CREDITORS
Amounts falling due within one year 6 9,739 7,386
NET CURRENT ASSETS 1,217,291 1,186,953
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,217,293

1,186,955

CAPITAL AND RESERVES
Called up share capital 7 60,036 60,036
Capital redemption reserve 10,064 10,064
Retained earnings 1,147,193 1,116,855
SHAREHOLDERS' FUNDS 1,217,293 1,186,955

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:




Mr J N D Stelzer - Director


RACEMOOR LIMITED (REGISTERED NUMBER: 00984829)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Racemoor Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaki
£   
COST
At 1 April 2023
and 31 March 2024 2
NET BOOK VALUE
At 31 March 2024 2
At 31 March 2023 2

RACEMOOR LIMITED (REGISTERED NUMBER: 00984829)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 597,002 597,004
Other debtors 918 5,077
597,920 602,081

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1 -
Taxation and social security 9,237 2,424
Other creditors 501 4,962
9,739 7,386

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
60,036 Ordinary £1 60,036 60,036

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date company owed the director, Mrs A R Stelzer, £500 (2023: £500).

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £593,467 (2023: £593,467) from its parent company, Silver Cloud Ventures Ltd and £3,535 (2023: £3,537) from its subsidiary Sophisticated Property Trading Co. Ltd.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J N D Stelzer.