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REGISTERED NUMBER: SC207648 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Scottish Racing Ltd

Scottish Racing Ltd (Registered number: SC207648)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Scottish Racing Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: D J Brown
W G Farnsworth
J M H Garratt
A N Moon
M Taylor





REGISTERED OFFICE: Hamilton Park Racecourse
Bothwell Road
Hamilton
ML3 0DW





REGISTERED NUMBER: SC207648 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Scottish Racing Ltd (Registered number: SC207648)

Balance Sheet
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 5,481 1,257

CURRENT ASSETS
Debtors 5 6,052 8,910
Prepayments and accrued income 1,494 2,309
Cash at bank 241,753 158,578
249,299 169,797
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR

6

95,021

30,733
NET CURRENT ASSETS 154,278 139,064
TOTAL ASSETS LESS CURRENT
LIABILITIES

159,759

140,321

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 159,754 140,316
159,759 140,321

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 2 April 2025 and were signed on its behalf by:





D J Brown - Director


Scottish Racing Ltd (Registered number: SC207648)

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

1. STATUTORY INFORMATION

Scottish Racing Ltd is a private company, limited by shares , registered in Scotland. 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
Revenue 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 - 25% on cost

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.

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 1 (2023 - 1 ) .

Scottish Racing Ltd (Registered number: SC207648)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 January 2024 393,668
Additions 4,750
At 31 December 2024 398,418
DEPRECIATION
At 1 January 2024 392,411
Charge for year 526
At 31 December 2024 392,937
NET BOOK VALUE
At 31 December 2024 5,481
At 31 December 2023 1,257

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 6,052 8,910

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade creditors 7,629 13,855
Taxation and social security 19,101 2,837
Other creditors 68,291 14,041
95,021 30,733

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/12/24 31/12/23
£    £   
Within one year 5,406 5,406
Between one and five years 3,891 9,011
9,297 14,417