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COMPANY REGISTRATION NUMBER: 06745199
City Speedway Limited
Filleted Unaudited Financial Statements
30 November 2024
City Speedway Limited
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of City Speedway Limited
Year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of City Speedway Limited for the year ended 30 November 2024, which comprise the statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of City Speedway Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of City Speedway Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than City Speedway Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that City Speedway Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of City Speedway Limited. You consider that City Speedway Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of City Speedway Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
PAUL PHILLIS & CO LIMITED Chartered accountants
11a Corelli Street Newport South Wales NP19 7AR
28 July 2025
City Speedway Limited
Statement of Financial Position
30 November 2024
2024
2023
£
£
£
Current assets
2,188
2,267
Creditors: amounts falling due within one year
234,979
234,979
---------
---------
Net current liabilities
232,791
232,712
---------
---------
Total assets less current liabilities
( 232,791)
( 232,712)
Creditors: amounts falling due after more than one year
233,194
232,626
Accruals and deferred income
762
762
---------
---------
(466,747)
(466,100)
---------
---------
Capital and reserves
( 466,747)
( 466,100)
---------
---------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 12 July 2025 , and are signed on behalf of the board by:
Mrs J.M. Mallett
Director
Company registration number: 06745199
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 30A St Johns Crescent, Rogerstone, Newport, NP10 9EY, Gwent.