Acorah Software Products - Accounts Production 16.5.460 false true false 17 April 2023 30 April 2024 30 April 2024 SC766305 Mr Ryan Clark Mr Andrew Eagar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC766305 2023-04-16 SC766305 2024-04-30 SC766305 2023-04-17 2024-04-30 SC766305 frs-core:CurrentFinancialInstruments 2024-04-30 SC766305 frs-core:Non-currentFinancialInstruments 2024-04-30 SC766305 frs-core:FurnitureFittings 2024-04-30 SC766305 frs-core:FurnitureFittings 2023-04-17 2024-04-30 SC766305 frs-core:FurnitureFittings 2023-04-16 SC766305 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 SC766305 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-17 2024-04-30 SC766305 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-16 SC766305 frs-core:ShareCapital 2024-04-30 SC766305 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC766305 frs-bus:PrivateLimitedCompanyLtd 2023-04-17 2024-04-30 SC766305 frs-bus:FilletedAccounts 2023-04-17 2024-04-30 SC766305 frs-bus:SmallEntities 2023-04-17 2024-04-30 SC766305 frs-bus:AuditExempt-NoAccountantsReport 2023-04-17 2024-04-30 SC766305 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-17 2024-04-30 SC766305 frs-bus:Director1 2023-04-17 2024-04-30 SC766305 frs-bus:Director1 2023-04-16 SC766305 frs-bus:Director1 2024-04-30 SC766305 frs-bus:Director2 2023-04-17 2024-04-30 SC766305 frs-bus:Director2 2023-04-16 SC766305 frs-bus:Director2 2024-04-30 SC766305 frs-countries:Scotland 2023-04-17 2024-04-30
Registered number: SC766305
Race Pubco Ltd
Financial Statements
For the Period 17 April 2023 to 30 April 2024
Precision Accountants and Business Advisors Ltd
Race Pubco Ltd
Contents
Contents

| Page
--- | ---
Company Information | 1
Balance Sheet | 2—3
Notes to the Financial Statements | 4—6

Page 1
Race Pubco Ltd
Company Information
For the Period 17 April 2023 to 30 April 2024
Company Information

Directors | Mr Ryan Clark
| Mr Andrew Eagar
Company Number | SC766305
Registered Office | Croft And Cairns
| 5 Stockethill Crescent
| Aberdeen
| AB16 5TT
Accountants | Precision Accountants and Business Advisors Ltd
| IFA
| 1, Marischal Square
| Broad Street
| Aberdeen
| AB10 1BL

Page 1
Page 2
Race Pubco Ltd
Balance Sheet
As At 30 April 2024
Balance Sheet
Registered number: SC766305

| 30 April 2024
--- | ---
| Notes | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 213,170
|  |  | 213,170
CURRENT ASSETS
Debtors | 5 | 2,633 |
Cash at bank and in hand |  | 65 |
|  | 2,698 |
Creditors: Amounts Falling Due Within One Year | 6 | (22,023 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (19,325 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 193,845
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (216,801 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (8,360 )
NET LIABILITIES |  |  | (31,316 )
CAPITAL AND RESERVES
Called up share capital | 9 |  | 2
Profit and Loss Account |  |  | (31,318 )
SHAREHOLDERS' FUNDS |  |  | (31,316)

Page 2
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Race Pubco Ltd
Balance Sheet (continued)
As At 30 April 2024
For the period ending 30 April 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Ryan Clark Director
01/09/2025

The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Race Pubco Ltd
Notes to the Financial Statements
For the Period 17 April 2023 to 30 April 2024
Notes to the Financial Statements
1. General Information
Race Pubco Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC766305 . The registered office is Croft And Cairns, 5 Stockethill Crescent, Aberdeen, AB16 5TT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold | Revaluation basis
Fixtures & Fittings | 20% reducing balance

2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Fixtures & Fittings | Total
| £ | £ | £
Cost
As at 17 April 2023 | - | - | -
Additions | 169,170 | 55,000 | 224,170
As at 30 April 2024 | 169,170 | 55,000 | 224,170

...CONTINUED
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Race Pubco Ltd
Notes to the Financial Statements (continued)
For the Period 17 April 2023 to 30 April 2024

Depreciation
As at 17 April 2023 | - | - | -
Provided during the period | - | 11,000 | 11,000
As at 30 April 2024 | - | 11,000 | 11,000
Net Book Value
As at 30 April 2024 | 169,170 | 44,000 | 213,170
As at 17 April 2023 | - | - | -

5. Debtors

| 30 April 2024
--- | ---
| £
Due within one year
Croft & Cairn Intercompany | 2,631
Directors' loan accounts | 2
| 2,633

6. Creditors: Amounts Falling Due Within One Year

| 30 April 2024
--- | ---
| £
Caledonian Heritable loan < 1 year | 21,243
Accruals and deferred income | 780
| 22,023

7. Creditors: Amounts Falling Due After More Than One Year

| 30 April 2024
--- | ---
| £
Caledonian Heritable loan > 1 year | 113,524
Race Pubco Ltd - Intercompany | 103,277
| 216,801

8. Secured Creditors
The loan from Caledonian Heritable is secured by a fixed charge over the company's freehold property at 5 Stockethill Crescent, Aberdeen AB16 5TT.

| 30 April 2024
--- | ---
| £
Other Creditors | 134,768

9. Share Capital

| 30 April 2024
--- | ---
| £
Allotted, Called up and fully paid | 2

Page 5
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Race Pubco Ltd
Notes to the Financial Statements (continued)
For the Period 17 April 2023 to 30 April 2024
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 17 April 2023 | Amounts advanced | Amounts repaid | Amounts written off | As at 30 April 2024
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Ryan Clark | - | 1 | - | - | -
Mr Andrew Eagar | - | 1 | - | - | -

The above loan is unsecured, interest free and repayable on demand.
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