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REGISTERED NUMBER: 06987990 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Ollie Pears Racing Limited

Ollie Pears Racing Limited (Registered number: 06987990)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ollie Pears Racing Limited

Company Information
for the Year Ended 31 August 2024







Directors: O Pears
Mrs V A Pears





Registered office: 2 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB





Registered number: 06987990 (England and Wales)





Accountants: Ashby Berry Coulsons Ltd
2 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB

Ollie Pears Racing Limited (Registered number: 06987990)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 196,997 181,766

Current assets
Stocks 3,428 29,385
Debtors 5 37,868 46,445
Cash at bank 578,223 470,166
619,519 545,996
Creditors
Amounts falling due within one year 6 153,551 193,404
Net current assets 465,968 352,592
Total assets less current liabilities 662,965 534,358

Provisions for liabilities 8,130 3,915
Net assets 654,835 530,443

Capital and reserves
Called up share capital 2 2
Retained earnings 654,833 530,441
654,835 530,443

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Ollie Pears Racing Limited (Registered number: 06987990)

Balance Sheet - continued
31 August 2024


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 7 March 2025 and were signed on its behalf by:





O Pears - Director


Ollie Pears Racing Limited (Registered number: 06987990)

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

1. Statutory information

Ollie Pears Racing 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Ollie Pears Racing Limited (Registered number: 06987990)

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

2. Accounting policies - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 September 2023 163,123 112,366 275,489
Additions - 19,995 19,995
Disposals - (19,500 ) (19,500 )
At 31 August 2024 163,123 112,861 275,984
Depreciation
At 1 September 2023 - 93,723 93,723
Charge for year - 2,452 2,452
Eliminated on disposal - (17,188 ) (17,188 )
At 31 August 2024 - 78,987 78,987
Net book value
At 31 August 2024 163,123 33,874 196,997
At 31 August 2023 163,123 18,643 181,766

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 37,868 46,445

Ollie Pears Racing Limited (Registered number: 06987990)

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

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 6,578 9,535
Taxation and social security 50,497 73,525
Other creditors 96,476 110,344
153,551 193,404