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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
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HISTORIC MOTOR RACING NEWS LIMITED Company Information for the year ended 31 December 2023
Director
Mrs C Scotti
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
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HISTORIC MOTOR RACING NEWS LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
237 
Current assets
Inventories
- 
2,483 
Debtors
5,746 
9,861 
Cash at bank and in hand
9,827 
6,911 
15,573 
19,255 
Creditors: amounts falling due within one year
(54,953)
(61,698)
Net current liabilities
(39,380)
(42,443)
Net liabilities
(39,380)
(42,206)
Capital and reserves
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
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HISTORIC MOTOR RACING NEWS LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Going concern
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 
£ 
Cost or valuation
At cost 
At 1 January 2023
1,261 
At 31 December 2023
1,261 
Depreciation
At 1 January 2023
1,024 
Charge for the year
237 
At 31 December 2023
1,261 
Net book value
At 31 December 2023
- 
At 31 December 2022
237 
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HISTORIC MOTOR RACING NEWS LIMITED Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,416 
8,638 
Accrued income and prepayments
170 
277 
Other debtors
160 
946 
5,746 
9,861 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
450 
389 
Trade creditors
192 
3,783 
Other creditors
19,822 
19,822 
Loans from directors
33,739 
36,954 
Accruals
750 
750 
54,953 
61,698 
7
Average number of employees
During the year the average number of employees was 1 (2022: 2).
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