ACCOUNTS - Final Accounts

Registered number: 06699774

STAPLEFORD RACING LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

STAPLEFORD RACING LIMITED

REGISTERED NUMBER: 06699774

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Cash at bank and in hand	4	69		70
		69		70
Creditors: amounts falling due within one year	5	(156,713)		(927,572)
Net current liabilities			(156,644)		(927,502)
Total assets less current liabilities			(156,644)		(927,502)

Net liabilities			(156,644)		(927,502)

Capital and reserves
Called up share capital	6	100	100
Profit and loss account		(156,744)	(927,602)
		(156,644)	(927,502)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 statement of comprehensive income 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 on 26 September 2025.

Neil R Searle

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

STAPLEFORD RACING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Stapleford Racing Limited is a private company, limited by shares, registered in England and Wales. The company's registered office is Charles Lake House, Claire Causeway, Crossways Business Park, Dartford, England, DA2 6QA. The principal activity of the company is that of horse racing and breeding.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the company has transferred the significant risks and rewards of ownership to the buyer;

∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

STAPLEFORD RACING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

2.4

Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

4.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	69	70
	69	70

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STAPLEFORD RACING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Amounts owed to group undertakings	-	339,671
Amounts owed to joint ventures	-	585,732
Corporation tax	-	44
Other taxation and social security	154,588	-
Accruals and deferred income	2,125	2,125
	156,713	927,572

6.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

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

7.	Contingent liabilities

A guarantee exists in favour of the group's bankers to cover bank borrowings of certain related parties. At 31 December 2024 the total potential exposure in respect of this guarantee was £23,500,000 (2023: £23,500,000). The directors consider the possibility of the company having to settle any liability under the terms of the guarantee to be remote, and no provision is required. This figure is the gross figure and does not take into account the underlying assets of the respective group companies

8.	Related party transactions
	As at 31 December 2023, the company owed £nil (2023: £339,671) to other group companies and £nil (2023: £585,732) to companies under common control.

9.	Controlling party

There is no single ultimate controlling party. The immediate parent undertaking is Stapleford Group Limited, a company incorporated in England & Wales.

10.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 26 September 2025 by Duncan Stannett (Senior statutory auditor) on behalf of Barnes Roffe Audit Limited.

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