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REGISTERED NUMBER: 10863863 (England and Wales)















THE PROPERTY RACE DAY

Unaudited Financial Statements

for the Year Ended 31 December 2024






THE PROPERTY RACE DAY (REGISTERED NUMBER: 10863863)

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


THE PROPERTY RACE DAY

Company Information
for the year ended 31 December 2024







Directors: P T Glynn
D J Erwin
C T Major
E J Moss
J S Aumonier





Registered office: Fifth Floor
One New Change
London
EC4M 9AF





Registered number: 10863863 (England and Wales)






THE PROPERTY RACE DAY (REGISTERED NUMBER: 10863863)

Balance Sheet
31 December 2024

2024 2023
Notes £ £
Current assets
Debtors 4 16,320 21,458
Cash at bank 28,986 31,031
45,306 52,489
Creditors
Amounts falling due within one year 5 44,207 50,527
Net current assets 1,099 1,962
Total assets less current liabilities 1,099 1,962

Reserves
Retained earnings 1,099 1,962
Members' funds 1,099 1,962

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 6 May 2025 and were signed on its behalf by:





P T Glynn - Director


THE PROPERTY RACE DAY (REGISTERED NUMBER: 10863863)

Notes to the Financial Statements
for the year ended 31 December 2024


1. Statutory information

The Property Race Day is a private company, limited by guarantee , 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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Event income is recognised in the period in which the event is held.

Taxation
Taxation for the year comprises current 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.

3. Employees and directors

The average number of employees during the year was 5 (2023 - 5 ) .

4. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 16,320 21,458

5. Creditors: amounts falling due within one year
2024 2023
£ £
Taxation and social security - 26,200
Other creditors 44,207 24,327
44,207 50,527

6. Limited by guarantee

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £10.