Company No: 10655146 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Ryan Brock
	Stephen Paul Frederick Hodges

REGISTERED OFFICE	Unit 1 Temple House Estate
	6 West Road
	Harlow
	CM20 2DU
	United Kingdom

COMPANY NUMBER

10655146 (England and Wales)

ACCOUNTANT	Gravita Essex Limited
	Treviot House
	186-192 High Road
	Ilford
	Essex
	IG1 1LR
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	531,104		559,526
		531,104		559,526
Current assets
Stocks	4	153,935		71,687
Debtors	5	364,830		5,690
Cash at bank and in hand	6	21,623		148,652
		540,388		226,029
Creditors: amounts falling due within one year	7	( 194,406)		( 80,247)
Net current assets		345,982		145,782
Total assets less current liabilities		877,086		705,308
Creditors: amounts falling due after more than one year	8	( 295,904)		( 304,398)
Net assets		581,182		400,910
Capital and reserves
Called-up share capital		100		100
Profit and loss account		581,082		400,810
Total shareholder's funds		581,182		400,910

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Funk Motorsport Limited (registered number: 10655146) were approved and authorised for issue by the Board of Directors on 02 October 2025. They were signed on its behalf by:

Ryan Brock Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	35 years straight line
Plant and machinery etc.	4 years straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		3

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 April 2024	545,726		64,702		610,428
Additions	0		3,893		3,893
At 31 March 2025	545,726		68,595		614,321
Accumulated depreciation
At 01 April 2024	30,751		20,151		50,902
Charge for the financial year	15,592		16,723		32,315
At 31 March 2025	46,343		36,874		83,217
Net book value
At 31 March 2025	499,383		31,721		531,104
At 31 March 2024	514,975		44,551		559,526

4. Stocks

	2025		2024
	£		£
Stocks	153,935		71,687

5. Debtors

	2025		2024
	£		£
Trade debtors	24,480		3,125
Amounts owed by Group undertakings	337,518		0
Other debtors	2,832		2,565
	364,830		5,690

6. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	21,623		148,652

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	30,936		0
Trade creditors	66,961		7,638
Taxation and social security	69,329		69,743
Other creditors	27,180		2,866
	194,406		80,247

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	295,904		304,398

The bank loan is secured by a way of a fixed charge over the property held in the company.

9. Ultimate controlling party

Parent Company:

Funk Investment Group Limited

Unit 1 Temple House Estate, West Road, Harlow, United Kingdom, CM20 2DU