Apex Race Centre Ltd - Filleted accounts

Registered number

15254657

Apex Race Centre Ltd

Unaudited Filleted Accounts

30 November 2024

Apex Race Centre Ltd
Registered number:		15254657
Balance Sheet
as at 30 November 2024

Notes			2024
£
Fixed assets
Intangible assets	3		486
Tangible assets	4		108
			594

Current assets
Debtors	5	1,450
Cash at bank and in hand		511
		1,961

Creditors: amounts falling due within one year	6	(8,489)

Net current liabilities			(6,528)

Net liabilities			(5,934)

Capital and reserves
Called up share capital			135
Profit and loss account			(6,069)

Shareholders' funds			(5,934)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr D Regan
Director
Approved by the board on 31 October 2025

Apex Race Centre Ltd
Notes to the Accounts
for the period from 2 November 2023 to 30 November 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. 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 and machinery	25% straight line

	Debtors and creditors receivable/ payable within one year
	Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2024
Number

	Average number of persons employed by the company		2


3	Intangible fixed assets			£
	Intangibles:

	Cost
	Additions			540
	At 30 November 2024			540

	Amortisation
	Provided during the period			54
	At 30 November 2024			54

	Net book value
	At 30 November 2024			486

	Intangibles are being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
				Plant and machinery etc
£
	Cost
	Additions			144
	At 30 November 2024			144

	Depreciation
	Charge for the period			36
	At 30 November 2024			36

	Net book value
	At 30 November 2024			108


5	Debtors		2024
£

	Deferred tax asset		1,410
	Other debtors		40
			1,450


6	Creditors: amounts falling due within one year		2024
£

	Trade creditors		4,454
	Taxation and social security costs		753
	Other creditors		3,282
			8,489


7	Other information

	Apex Race Centre Ltd is a private company limited by shares and incorporated in England. Its registered office is:

	Re:Fuel Five Bridges
	Willand Road
	Cullompton
	Devon
	EX15 1QP