REGISTERED NUMBER: 06698410 (England and Wales)

CASTLE COMBE RACING TRUST LIMITED

LIMITED BY GUARANTEE

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

Mr G Marshallsay

Mr T Whale

Mr K Davies

SECRETARY:

Mr G Marshallsay

REGISTERED OFFICE:

Castle Combe Circuit

Castle Combe

Chippenham

Wiltshire

SN14 7EY

REGISTERED NUMBER:

06698410 (England and Wales)

ACCOUNTANTS:

Johns Jones & Lo Limited

Chartered Accountants & Registered Auditors

16 Lambourne Crescent

Cardiff Business Park

Llanishen

Cardiff

CF14 5GF

FIXED ASSETS

Property, plant and equipment

4

5,791

7,721

CURRENT ASSETS

Debtors

5

-

8,923

Cash at bank

18,137

9,752

18,137

18,675

CREDITORS

Amounts falling due within one year

6

486

627

NET CURRENT ASSETS

17,651

18,048

TOTAL ASSETS LESS CURRENT LIABILITIES

23,442

25,769

PROVISIONS FOR LIABILITIES

1,025

1,467

NET ASSETS

22,417

24,302

RESERVES

Income and expenditure account

22,417

24,302

22,417

24,302

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 surplus or deficit 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.

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 23rd September 2025 and were signed on its behalf by:

Mr G Marshallsay - Director

1.	STATUTORY INFORMATION

Castle Combe Racing Trust Limited is a private company, limited by guarantee , 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.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the statement of financial position date and the amounts reported for revenues and expenses during the period. However, the nature of estimation means that actual outcomes could differ from those estimates.

Useful economic lives of tangible fixed assets

Tangible fixed assets are depreciated over their useful economic lives taking into account residual values, where appropriate. Management regularly reviews the assets' useful economic lives. Changes in assets' useful economic lives can have a significant impact on depreciation for the period. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Provision for impairments

Tangible fixed assets are reviewed for signs of impairment each year and written down accordingly. All tangible fixed assets are reviewed by management in conjunction with market data and other relevant information. Changes in any of the factors considered for impairments can affect the value reported in the financial statements.

Turnover

Turnover represents donations and other voluntary income.

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

-

25% on reducing balance

Going concern

These financial statements have been prepared on a going concern basis on the grounds that the Directors consider that the Company has sufficient cash resources to enable the Company to continue to meet its liabilities as they fall due.

Creditors

Creditors include certain short term financial instruments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

£

COST

At 1st January 2024

and 31st December 2024

8,824

DEPRECIATION

At 1st January 2024

1,103

Charge for year

1,930

At 31st December 2024

3,033

NET BOOK VALUE

At 31st December 2024

5,791

At 31st December 2023

7,721

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Prepayments and accrued income

-

8,923

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Tax

-

140

Accrued expenses

486

487

486

627

7.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors.

8.	COMPANY LIMITED BY GUARANTEE

The company is governed by its Memorandum and Articles of Association. The company is limited by guarantee, and accordingly has no share capital.