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REGISTERED NUMBER: 09796792 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

COLLINGTON RACING LIMITED

COLLINGTON RACING LIMITED (REGISTERED NUMBER: 09796792)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COLLINGTON RACING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: P P M Collington
Mrs S L Collington





REGISTERED OFFICE: 11 King Court
Willie Snaith Road
Newmarket
Suffolk
CB8 7SG





REGISTERED NUMBER: 09796792 (England and Wales)





ACCOUNTANTS: NKT Accountants
11 Kings Court
Willie Snaith Road
Newmarket
Suffolk
CB8 7SG

COLLINGTON RACING LIMITED (REGISTERED NUMBER: 09796792)

BALANCE SHEET
30TH SEPTEMBER 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,290 28,940

CURRENT ASSETS
Debtors 5 186,789 202,918
Cash at bank 36,043 24,767
222,832 227,685
CREDITORS
Amounts falling due within one year 6 181,658 188,539
NET CURRENT ASSETS 41,174 39,146
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,464

68,086

PROVISIONS FOR LIABILITIES 7,800 5,500
NET ASSETS 74,664 62,586

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 74,564 62,486
SHAREHOLDERS' FUNDS 74,664 62,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

COLLINGTON RACING LIMITED (REGISTERED NUMBER: 09796792)

BALANCE SHEET - continued
30TH SEPTEMBER 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 26th June 2025 and were signed on its behalf by:





P P M Collington - Director


COLLINGTON RACING LIMITED (REGISTERED NUMBER: 09796792)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Collington 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 - 20% on reducing balance
Computer equipment - 20% 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.

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.

COLLINGTON RACING LIMITED (REGISTERED NUMBER: 09796792)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st October 2023 16,157 30,000 1,685 47,842
Additions 1,342 40,000 - 41,342
Disposals - (30,000 ) - (30,000 )
At 30th September 2024 17,499 40,000 1,685 59,184
DEPRECIATION
At 1st October 2023 10,227 7,500 1,175 18,902
Charge for year 1,362 5,000 130 6,492
Eliminated on disposal - (7,500 ) - (7,500 )
At 30th September 2024 11,589 5,000 1,305 17,894
NET BOOK VALUE
At 30th September 2024 5,910 35,000 380 41,290
At 30th September 2023 5,930 22,500 510 28,940

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 186,789 195,620
Other debtors - 7,298
186,789 202,918

COLLINGTON RACING LIMITED (REGISTERED NUMBER: 09796792)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Bank loans and overdrafts 26,667 32,500
Trade creditors 78,308 72,044
Taxation and social security 18,267 11,848
Other creditors 58,416 72,147
181,658 188,539

7. ULTIMATE CONTROLLING PARTY

The controlling party is P P M Collington.