Company Registration No. 04100283 (England and Wales)
HISTORIC MOTOR RACING NEWS LIMITED
Unaudited accounts
for the year ended 31 December 2023
HISTORIC MOTOR RACING NEWS LIMITED
Unaudited accounts
Contents
HISTORIC MOTOR RACING NEWS LIMITED
Company Information
for the year ended 31 December 2023
Company Number
04100283 (England and Wales)
Registered Office
FETCHAM PARK LOWER ROAD
FETCHAM
LEATHERHEAD
KT22 9HD
ENGLAND
Accountants
Nicola Dunning
32 Lodge Lane
Chalfont St. Giles
Buckinghamshire
HP8 4AF
HISTORIC MOTOR RACING NEWS LIMITED
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
9,827
6,911
Creditors: amounts falling due within one year
(54,953)
(61,698)
Net current liabilities
(39,380)
(42,443)
Net liabilities
(39,380)
(42,206)
Called up share capital
2
2
Profit and loss account
(39,382)
(42,208)
Shareholders' funds
(39,380)
(42,206)
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 September 2024 and were signed on its behalf by
Mrs C Scotti
Director
Company Registration No. 04100283
HISTORIC MOTOR RACING NEWS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
HISTORIC MOTOR RACING NEWS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04100283. The registered office is FETCHAM PARK LOWER ROAD, FETCHAM, LEATHERHEAD, KT22 9HD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% straight line
The company's balance sheet shows an insolvent position at the balance sheet date. The director has arranged adequate funding to finance the company's continuing activities and to enable it to pay its debts as and when they fall due for payment, and accordingly considers that the company is a going concern and the financial statements have been prepared on this basis.
4
Tangible fixed assets
Computer equipment
HISTORIC MOTOR RACING NEWS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Accrued income and prepayments
170
277
6
Creditors: amounts falling due within one year
2023
2022
Other creditors
19,822
19,822
Loans from directors
33,739
36,954
7
Average number of employees
During the year the average number of employees was 1 (2022: 2).