Burton Lodge Racing Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07036151

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		127,220		134,001

			127,220		134,001
CURRENT ASSETS
Debtors	5	18,945		19,151
Cash at bank and in hand		2,746		11,420

		21,691		30,571
Creditors: Amounts Falling Due Within One Year	6	(57,889 )		(64,398 )

NET CURRENT ASSETS (LIABILITIES)			(36,198 )		(33,827 )

TOTAL ASSETS LESS CURRENT LIABILITIES			91,022		100,174

Creditors: Amounts Falling Due After More Than One Year	7		(299,475 )		(308,322 )

NET LIABILITIES			(208,453 )		(208,148 )

CAPITAL AND RESERVES
Called up share capital	9		100,080		100,080
Profit and Loss Account			(308,533 )		(308,228 )

SHAREHOLDERS' FUNDS			(208,453)		(208,148)

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Burton Lodge Racing Ltd

Balance Sheet (continued)

As At 30 September 2024

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Paul Young

Director

29th September 2025

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

1. General Information

Burton Lodge Racing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07036151 . The registered office is Burton Lodge Kennels, Borwick Lane, Wickford, Essex, SS12 0QA.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. 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	5% SLM
Motor Vehicles	20% SLM

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2023: 15)

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Burton Lodge Racing Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

4. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Total
	£	£	£
Cost
As at 1 October 2023	184,674	21,788	206,462
Additions	7,075	-	7,075

As at 30 September 2024	191,749	21,788	213,537

Depreciation
As at 1 October 2023	59,388	13,073	72,461
Provided during the period	9,499	4,357	13,856

As at 30 September 2024	68,887	17,430	86,317

Net Book Value
As at 30 September 2024	122,862	4,358	127,220

As at 1 October 2023	125,286	8,715	134,001

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	18,000	17,334
Other debtors	945	1,817

	18,945	19,151

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	5,106	5,106
Trade creditors	16,101	16,949
Bank loans and overdrafts	5,500	5,500
Other loans	12,000	12,000
Other creditors	3,200	3,200
Taxation and social security	15,982	21,643

	57,889	64,398

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

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	851	5,957
Bank loans	25,982	31,537
Other loans	272,642	270,828

	299,475	308,322

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Burton Lodge Racing Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

8. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	5,106	5,106
Later than one year and not later than five years	851	5,957

	5,957	11,063

	5,957	11,063

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100,080	100,080

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