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REGISTERED NUMBER: 10073849 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

A H R Motorsport Services Ltd

| A H R Motorsport Services Ltd (Registered number: 10073849) |

Contents of the Financial Statements

FOR THE YEAR ENDED 31 MARCH 2021

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| A H R Motorsport Services Ltd |

Company Information

FOR THE YEAR ENDED 31 MARCH 2021

| DIRECTOR: | A K Hooton-Richens

| REGISTERED OFFICE: | 18 Aldermead

| Stacey Bushes

| Milton Keynes

| Buckinghamshire

| MK12 6HN

| REGISTERED NUMBER: | 10073849 (England and Wales)

| ACCOUNTANTS: | Connolly Accountants & Business Advisors Ltd

| Chartered Certified Accountants

| The Stable Yard

| 25-33 Vicarage Road

| Stony Stratford

| Milton Keynes

| Buckinghamshire

| MK11 1BN

| A H R Motorsport Services Ltd (Registered number: 10073849) |

Balance Sheet

31 MARCH 2021

| 2021 | 2020 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 5,600 |  | 6,400 |  |

Tangible assets | 5 | - |  | 81 |  |

5,600 |  | 6,481 |  |

CURRENT ASSETS

Debtors | 6 | 15,557 |  | 168 |  |

CREDITORS

Amounts falling due within one year | 7 | 15,422 |  | 6,633 |  |

NET CURRENT ASSETS/(LIABILITIES) | 135 |  | (6,465 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,735 |  | 16 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (5,734 | ) | - |  |

PROVISIONS FOR LIABILITIES | - |  | (15 | ) |

NET ASSETS | 1 |  | 1 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

1 |  | 1 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

| A H R Motorsport Services Ltd (Registered number: 10073849) |

Balance Sheet - continued

31 MARCH 2021

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 October 2025 and were signed by:

A K Hooton-Richens - Director

| A H R Motorsport Services Ltd (Registered number: 10073849) |

Notes to the Financial Statements

FOR THE YEAR ENDED 31 MARCH 2021

1. | STATUTORY INFORMATION

| A H R Motorsport Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Goodwill

| Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives, not to exceed twenty years.

| Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| 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 cost

| Computer equipment | - | 20% on cost

| Government grants

| Covid-19 related government grants are included in the 'other operating income' line item. The grants are recognised under the performance model. There are no unfulfilled conditions or other contingencies attaching to these grants.

| A H R Motorsport Services Ltd (Registered number: 10073849) |

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 MARCH 2021

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic Financial Assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is a contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Basic financial liabilities

| Basic financial liabilities, including creditors and loans from related companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised costs, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| A H R Motorsport Services Ltd (Registered number: 10073849) |

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 MARCH 2021

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2020 - 1 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2020

| and 31 March 2021 | 8,000 |  |

| AMORTISATION

| At 1 April 2020 | 1,600 |  |

| Charge for year | 800 |  |

| At 31 March 2021 | 2,400 |  |

| NET BOOK VALUE

| At 31 March 2021 | 5,600 |  |

| At 31 March 2020 | 6,400 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2020

| and 31 March 2021 | 90 |  | 315 |  | 405 |  |

| DEPRECIATION

| At 1 April 2020 | 72 |  | 252 |  | 324 |  |

| Charge for year | 18 |  | 63 |  | 81 |  |

| At 31 March 2021 | 90 |  | 315 |  | 405 |  |

| NET BOOK VALUE

| At 31 March 2021 | - |  | - |  | - |  |

| At 31 March 2020 | 18 |  | 63 |  | 81 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2021 | 2020 |

£ | £ |

| Other debtors | 15,557 |  | 168 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2021 | 2020 |

£ | £ |

| Bank loans and overdrafts (see note 9) | 1,526 |  | - |  |

| Taxation and social security | 11,496 |  | 5,432 |  |

| Other creditors | 2,400 |  | 1,201 |  |

15,422 |  | 6,633 |  |

| A H R Motorsport Services Ltd (Registered number: 10073849) |

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 MARCH 2021

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2021 | 2020 |

£ | £ |

| Bank loans (see note 9) | 5,734 |  | - |  |

9. | LOANS

| An analysis of the maturity of loans is given below:

2021 | 2020 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | 26 |  | - |  |

| Bank loans | 1,500 |  | - |  |

1,526 |  | - |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 1,500 |  | - |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 4,234 |  | - |  |

| Loan balances outstanding as at the balance sheet date are unsecured and are guaranteed by the UK government.

10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 March 2021 and 31 March 2020:

2021 | 2020 |

£ | £ |

| **UNKNOWN DIRECTOR 1**

| Balance outstanding at start of year | 168 |  | - |  |

| Amounts advanced | 11,573 |  | 168 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 11,741 |  | 168 |  |

| All transactions are interest free and all balances are repayable on demand.