Registered number
12825917
World Race Circuits Limited
Unaudited Filleted Accounts
31 August 2024
World Race Circuits Limited
Registered number: 12825917
Balance Sheet
as at 31 August 2024
2024 2023
£ £
Fixed assets 21,134 38,709
Current assets 32,670 37,914
Prepayments and accrued income 646 140
33,316 38,054
Creditors: amounts falling due within one year (25,733) (18,346)
Net current assets 7,583 19,708
Total assets less current liabilities 28,717 58,417
Creditors: amounts falling due after more than one year (23,801) (32,141)
Accruals and deferred income (25,622) (22,193)
Net (liabilities)/assets (20,706) 4,083
Capital and reserves (20,706) 4,083
Number Number
Average number of employees 2 2
During the year the company provided loans and advances of £22,564 (2023 - £79) in aggregate to the director. During the year amounts of £11,526 (2023 - £79) in aggregate were repaid to the company. The loans and advances were unsecured, interest free and repayable on demand. The maximum outstanding in the year was £11,907 (2023 - £79). The total due to the company at the balance sheet date was £11,038 (2023 - £Nil).
The company is a private company limited by shares and incorporated in England. Its registered office is 28 Waresley Road, Gamlingay, Sandy, England, SG19 3NN.
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Christopher Chapman
Director
Approved by the board on 19 May 2025
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