ACCOUNTS - Final Accounts preparation

Registered number: 05008624

RADICAL PERFORMANCE ENGINES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

RADICAL PERFORMANCE ENGINES LIMITED

CONTENTS

	Page
Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 - 5

RADICAL PERFORMANCE ENGINES LIMITED

COMPANY INFORMATION

Director	C N Amsden


Company secretary	C N Amsden


Registered number	05008624


Registered office	24 Ivatt Way
	Peterborough
	Cambridgeshire
	PE3 7PG


Accountants	MHA
	Chartered Accountants
	The Pinnacle
	150 Midsummer Boulevard
	Milton Keynes
	MK9 1LZ


Bankers	Barclays Bank PLC
	Peterborough
	Cambridgeshire
	PE1 1XE


Solicitors	EMW Law LLP
	Seebeck House
	Knowlhill
	Milton Keynes
	MK5 8FR

Page 1

RADICAL PERFORMANCE ENGINES LIMITED

REGISTERED NUMBER: 05008624

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	3	677,384		677,384
Total assets less current liabilities			677,384		677,384

Net assets			677,384		677,384

Capital and reserves
Called up share capital	4	100	100
Profit and loss account		677,284	677,284
		677,384	677,384

For the year ended 31 December 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

C N Amsden

Director

Date: 17 September 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

RADICAL PERFORMANCE ENGINES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Radical Performance Engines Limited is a private company limited by shares, incorporated in England and Wales (registered number 05008624).
The registered office address is 24 Ivatt Way, Peterborough, Cambridgeshire, PE3 7PG.
The financial statements are presented in Sterling, which is also the functional currency of the Company.
The financial statements are rounded to the nearest £1.
The Company did not trade in the current or prior period and is dormant.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Radical Sportscars Limited as at 31 December 2023 and these financial statements may be obtained from 24 Ivatt Way, Peterborough, Cambridgeshire, PE3 7PG.

2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other

Page 3

RADICAL PERFORMANCE ENGINES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Financial instruments (continued)

third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an assets carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	677,384	677,384

4.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

100 (2023 - 100) Ordinary shares of £1.00 each	100	100

5.	Securities

A composite bank agreement under which Radical Motorsport Limited is jointly liable for any bank liabilities incurred within Radical Sportscars Limited, Radical Precision Engineering Limited and Radical Performance Engines Limited. The total liability outstanding as at 31 December 2024 was £nil (2023 - £nil).

Page 4

RADICAL PERFORMANCE ENGINES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Controlling party

The immediate parent undertaking and controlling party is Radical Sportscars Limited, a company incorporated in the United Kingdom. Radical Sportscars Limited is the parent undertaking of the only group of undertakings to consolidate these financial statements at 31 December 2024.
J M Osterloh is the majority shareholder of Radical Sportscars Limited and so is deemed to be the
ultimate controlling party.

Page 5