MACG RACING (GT CARS) LTD

Company Registration Number:
11275543 (England and Wales)

Unaudited abridged accounts for the year ended 29 February 2024

(Dormant)

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

MACG RACING (GT CARS) LTD

Contents of the Financial Statements

for the Period Ended 29 February 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

MACG RACING (GT CARS) LTD

Company Information

for the Period Ended 29 February 2024




Director: Richard MacGregor
Jonathan MacGregor
Registered office: The Old Forge
Bowling Green Yard
Kirkgate
Knaresborough
GBR
HG5 8FL
Company Registration Number: 11275543 (England and Wales)

MACG RACING (GT CARS) LTD

Directors' Report Period Ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Directors

The directors shown below have held office during the whole of the period from 01 March 2023 to 29 February 2024
Richard MacGregor
Jonathan MacGregor

The company was dormant and did not trade in the period.

This report was approved by the board of directors on 30 October 2024
And Signed On Behalf Of The Board By:

Name: Richard MacGregor
Status: Director

MACG RACING (GT CARS) LTD

Profit and Loss Account

for the Period Ended 29 February 2024

The company was dormant and did not trade in the period. The company received no income and incurred no expenditure in the period and therefore did not make either a profit or loss.

MACG RACING (GT CARS) LTD

Balance sheet

As at 29 February 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 0 0
Tangible assets: 5 0 0
Total fixed assets: 0 0
Current assets
Stocks: 0 0
Debtors: 6 0 0
Cash at bank and in hand: 408 346
Total current assets: 408 346
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: ( 1,420 ) ( 1,420 )
Net current assets (liabilities): ( 1,012 ) ( 1,074 )
Total assets less current liabilities: ( 1,012 ) ( 1,074 )
Creditors: amounts falling due after more than one year: ( 0 ) ( 0 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): ( 1,012 ) ( 1,074 )

The notes form part of these financial statements

MACG RACING (GT CARS) LTD

Balance sheet continued

As at 29 February 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 0 0
Profit and loss account: ( 1,112 ) ( 1,174 )
Shareholders funds: ( 1,012 ) ( 1,074 )

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

For the year ending 29 February 2024 the company was entitled to exemption under section 480 of the Companies Act 2006 relating to dormant companies.

This report was approved by the board of directors on 30 October 2024
And Signed On Behalf Of The Board By:

Name: Richard MacGregor
Status: Director

The notes form part of these financial statements

MACG RACING (GT CARS) LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in Sterling, which is the functional currency of the entity. Financial instruments The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans from banks and other third parties.

MACG RACING (GT CARS) LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

MACG RACING (GT CARS) LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 3. Off balance sheet disclosure

    No

MACG RACING (GT CARS) LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 4. Intangible assets

    Total
    Cost £
    At 01 March 2023 0
    Additions 0
    Disposals (0)
    Revaluations 0
    Transfers 0
    At 29 February 2024 0
    Amortisation
    Amortisation at 01 March 2023 0
    Charge for year 0
    On disposals (0)
    Other adjustments 0
    Amortisation at 29 February 2024 0
    Net book value
    Net book value at 29 February 2024 0
    Net book value at 28 February 2023 0

MACG RACING (GT CARS) LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Tangible Assets

Total
Cost £
At 01 March 2023 0
Additions 0
Disposals (0)
Revaluations 0
Transfers 0
At 29 February 2024 0
Depreciation
At 01 March 2023 0
Charge for year 0
On disposals (0)
Other adjustments 0
At 29 February 2024 0
Net book value
At 29 February 2024 0
At 28 February 2023 0

MACG RACING (GT CARS) LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 6. Debtors


    2024
    £

    2023
    £
    Debtors due after more than one year: 0 0