BAILEY JAMES RACING LTD

Company limited by guarantee

Company Registration Number:
15312846 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2024

Period of accounts

Start date: 28 November 2023

End date: 30 November 2024

BAILEY JAMES RACING LTD

Company limited by guarantee

Contents of the Financial Statements

for the Period Ended 30 November 2024

Company Information - 3
Report of the Directors - 4
Income and Expenditure Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

BAILEY JAMES RACING LTD

Company limited by guarantee

Company Information

for the Period Ended 30 November 2024




Director: Kristy Collinge
Simon Collinge
Registered office: 3
Ellerbeck Close
Burnley
England
BB10 2FA
Company Registration Number: 15312846 (England and Wales)

BAILEY JAMES RACING LTD

Company limited by guarantee

Directors' Report Period Ended 30 November 2024

The directors present their report with the financial statements of the company for the period ended 30 November 2024

Principal Activities

The company's principle activity during the period was supporting a professional teen athletes career.

Directors

The director(s) shown below were appointed to the company during the period
Kristy Collinge
28 November 2023
Simon Collinge
28 November 2023

This report was approved by the board of directors on 17 July 2025
And Signed On Behalf Of The Board By:

Name: Kristy Collinge
Status: Director

BAILEY JAMES RACING LTD

Company limited by guarantee

Income and Expenditure Account

for the Period Ended 30 November 2024


Notes

2024
£
Gross surplus or (deficit) 650
Administrative Expenses ( 13,848 )
Operating surplus or (deficit) ( 13,198 )
Surplus or (deficit) before tax ( 13,198 )
Surplus or (deficit) for the period ( 13,198 )

The notes form part of these financial statements

BAILEY JAMES RACING LTD

Company limited by guarantee

Balance sheet

As at 30 November 2024


Notes

2024
£
Fixed assets
Total fixed assets: -
Current assets
Debtors: 2,902
Total current assets: 2,902
Creditors: amounts falling due within one year: ( 130 )
Net current assets (liabilities): 2,772
Total assets less current liabilities: 2,772
Creditors: amounts falling due after more than one year: 4 ( 15,970 )
Total net assets (liabilities): ( 13,198 )

The notes form part of these financial statements

BAILEY JAMES RACING LTD

Company limited by guarantee

Balance sheet continued

As at 30 November 2024


Notes

2024
£
Reserves
Income and expenditure account ( 13,198 )
Members funds ( 13,198 )

For the year ending 30 November 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 17 July 2025
And Signed On Behalf Of The Board By:

Name: Kristy Collinge
Status: Director

The notes form part of these financial statements

BAILEY JAMES RACING LTD

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover figure represents amounts receivable for sponsorship net of VAT.

BAILEY JAMES RACING LTD

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees


    2024
    Average number of employees during the period 2

    2 voluntary unpaid Directors - no other employees

BAILEY JAMES RACING LTD

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 3. Off balance sheet disclosure

    No

BAILEY JAMES RACING LTD

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Creditors: amounts falling due after more than one year note

Directors Loans