REGISTERED NUMBER: 10600563 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Belle Vue Speedway 2017 Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

3

-

-

Tangible assets

4

77,754

4,739

77,754

4,739

CURRENT ASSETS

Stocks

19,260

12,542

Debtors

5

56,940

34,076

Cash at bank and in hand

109,407

147,466

185,607

194,084

CREDITORS

Amounts falling due within one year

6

(572,179

)

(548,960

)

NET CURRENT LIABILITIES

(386,572

)

(354,876

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(308,818

)

(350,137

)

CREDITORS

Amounts falling due after more than one year

7

(8,219

)

(19,098

)

NET LIABILITIES

(317,037

)

(369,235

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(318,037

)

(370,235

)

(317,037

)

(369,235

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 profit or loss 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 30 September 2025 and were signed on its behalf by:

Mr W A Rice - Director

1.	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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 2 ) .

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

67,000

AMORTISATION

At 1 January 2024

and 31 December 2024

67,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

13,086

Additions

92,454

At 31 December 2024

105,540

DEPRECIATION

At 1 January 2024

10,347

Charge for year

17,439

At 31 December 2024

27,786

NET BOOK VALUE

At 31 December 2024

77,754

At 31 December 2023

2,739

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

20,311

5,100

Other debtors

36,629

28,976

56,940

34,076

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

12,882

-

Taxation and social security

(771

)

(1,874

)

Other creditors

550,068

540,834

572,179

548,960

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

8,219

19,098