Registration number: 14584011

Silver Racing Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6
Detailed Profit and Loss Account	7

Silver Racing Limited

Company Information

Director

I McAleavy

Registered office

Maria House 35 Millers Road Brighton East Sussex BN1 5NP

Accountants

Chisnall Comer Ismail and Co Chartered AccountantsMaria House 35 Millers Road Brighton BN1 5NP

Silver Racing Limited

(Registration number: 14584011)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	5,268,705	-
Current assets
Debtors	5	2,218,675	3,758
Cash at bank and in hand		657,522	-
		2,876,197	3,758
Creditors: Amounts falling due within one year	6	(8,023,666)	(2,758)
Net current (liabilities)/assets		(5,147,469)	1,000
Net assets		121,236	1,000
Capital and reserves
Called up share capital	8	1,000	1,000
Retained earnings		120,236	-
Shareholders' funds		121,236	1,000

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 October 2025



 

.........................................

I McAleavy

Director

Silver Racing Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Maria House
35 Millers Road
Brighton
East Sussex
BN1 5NP
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises prize money received from horseracing.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, less their estimated residual value, over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Racehorses	3 year straight line

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

Silver Racing Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

4	Tangible assets

	Racehorses  £	Total £
Cost or valuation
Additions	6,794,287	6,794,287
Disposals	(756,794)	(756,794)
At 31 December 2024	6,037,493	6,037,493
Depreciation
Charge for the period	768,788	768,788
At 31 December 2024	768,788	768,788
Carrying amount
At 31 December 2024	5,268,705	5,268,705

5

Debtors

Current	2024 £	2023 £
Trade debtors	2,113,058	-
Prepayments	-	3,549
Other debtors	105,617	209
	2,218,675	3,758

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	645,058	-
Accruals and deferred income	3,200	-
Other creditors	7,375,408	2,758
	8,023,666	2,758

Silver Racing Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

7	Related party transactions

First Bloodstock Limited
The company purchased horses during the period from First Bloodstock Limited, a company under common ownership and with mutual directors, totalling £2,583,703.

As at the year end, £3,059,701 was due to be paid to First Bloodstock Limited and is included in other creditors.

Loans from participator
The company received interest free loans from a participator and £4,207,499 was outstanding at the year end.

Director loans
The company received interest free loans from a participator and £108,207 was outstanding at the year end.

Silver Racing Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	1,000	1,000	1,000	1,000

9	Parent and ultimate parent undertaking

The ultimate controlling party is A G Bloom.

Silver Racing Limited

Detailed Profit and Loss Account for the Period from 1 July 2023 to 31 December 2024

	1 July 2023 to 31 December 2024		11 January 2023 to 30 June 2023
	£	£	£	£
Turnover
Race winnings		2,545,531		-
Cost of sales
Horse costs		1,002,049		-
Gross profit		1,543,482		-
Less: expenses
Sundry expenses	45		-
Accountancy fees	3,200		-
Legal and professional fees	225		-
Bank charges	602		-
Bank interest receivable	(373)		-
Other interest receivable	(3,893)		-
Foreign currency (gains)/losses	65,334		-
		(65,140)		-
Depreciation costs
Depreciation charge	768,788		-
(Profit)/loss on disposal of tangible fixed assets	589,318		-
		(1,358,106)		-
Retained profit / (loss)		120,236		-