REGISTERED NUMBER: 07045090 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Racing Gold Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Haigh

Mrs T D Haigh

SECRETARY:

REGISTERED OFFICE:

6 High Street

Wheathampstead

Hertfordshire

AL4 8AA

REGISTERED NUMBER:

07045090 (England and Wales)

ACCOUNTANTS:

Fenlon & Co

Chartered Certified Accountants

6 High Street

Wheathampstead

Hertfordshire

AL4 8AA

BANKERS:

Bank of Scotland

PO Box 1000

BX2 1LB

FIXED ASSETS

Tangible assets

4

2,344

3,699

CURRENT ASSETS

Stocks

10,800

18,700

Debtors

5

1,855

420

Cash at bank

-

2,502

12,655

21,622

CREDITORS

Amounts falling due within one year

6

8,914

7,128

NET CURRENT ASSETS

3,741

14,494

TOTAL ASSETS LESS CURRENT LIABILITIES

6,085

18,193

PROVISIONS FOR LIABILITIES

7

400

700

NET ASSETS

5,685

17,493

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,585

17,393

SHAREHOLDERS' FUNDS

5,685

17,493

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 10 October 2025 and were signed on its behalf by:

J A Haigh - Director

1.	STATUTORY INFORMATION

Racing Gold Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Rivermill House, 6 High Street, Wheathampstead, Herts AL4 8AA.

The financial statements are presented in Sterling, which is the functional currency of the company.

2.	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 represents fair value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Turnover is recognised when the goods are physically delivered to the customer and when services are provided.

Depreciation

Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and office equipment - 25% straight line

Fixtures and fittings - 20% straight line

Stocks

Stocks is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost includes any expenditure incurred in bringing the stock to its present location and condition. Where consignment stock is in substance an asset of the company, it is recognised as such on the balance sheet.

Taxation

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Equipment

furniture

& fittings

£

COST

At 1 April 2024

and 31 March 2025

12,861

DEPRECIATION

At 1 April 2024

9,162

Charge for year

1,355

At 31 March 2025

10,517

NET BOOK VALUE

At 31 March 2025

2,344

At 31 March 2024

3,699

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

840

420

Prepayments and accrued income

1,015

-

1,855

420

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Tax

-

1,244

Other creditors

369

713

Bank overdraft

169

-

Owed to director

7,562

4,401

Accruals and deferred income

814

770

8,914

7,128

7.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

400

700

Deferred

tax

£

Balance at 1 April 2024

700

Released during year

(300

)

Balance at 31 March 2025

400

Deferred Tax has arisen because capital allowances for Corporation Tax are in excess of depreciation provided in the Accounts.

8.	OWED TO DIRECTOR

At 31st March 2025, a Director, Mr J A Haigh, was owed £7,562 (2024: £4,401) by the company.