REGISTERED NUMBER: 04701472 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

P J RACING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P A Jones

SECRETARY:

Mrs A J Jones

REGISTERED OFFICE:

Venture Court

2 Debdale Road

Wellingborough

Northamptonshire

NN8 5AA

REGISTERED NUMBER:

04701472 (England and Wales)

ACCOUNTANTS:

ISIS Business Solutions (Northants) LLP

Venture Court

2 Debdale Road

Wellingborough

Northamptonshire

NN8 5AA

FIXED ASSETS

Tangible assets

4

603

1,100

CURRENT ASSETS

Debtors

5

-

1,254

Cash at bank

22,347

30,924

22,347

32,178

CREDITORS

Amounts falling due within one year

6

6,638

6,574

NET CURRENT ASSETS

15,709

25,604

TOTAL ASSETS LESS CURRENT LIABILITIES

16,312

26,704

PROVISIONS FOR LIABILITIES

115

209

NET ASSETS

16,197

26,495

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

16,097

26,395

SHAREHOLDERS' FUNDS

16,197

26,495

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

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 director and authorised for issue on 11th November 2025 and were signed by:

P A Jones - Director

1.	STATUTORY INFORMATION

P J Racing 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

in accordance with the property

Fixtures and fittings

-

25% on reducing balance

Greyhounds

-

10% on cost

Computer equipment

-

25% on cost

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

Greyhounds

equipment

Totals

£

£

£

£

£

COST

At 1st April 2024

and 31st March 2025

2,994

2,073

15,680

3,343

24,090

DEPRECIATION

At 1st April 2024

2,845

1,866

15,680

2,599

22,990

Charge for year

149

52

-

296

497

At 31st March 2025

2,994

1,918

15,680

2,895

23,487

NET BOOK VALUE

At 31st March 2025

-

155

-

448

603

At 31st March 2024

149

207

-

744

1,100

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

1,254

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

4,394

4,441

Other creditors

2,244

2,133

6,638

6,574

7.	RELATED PARTY DISCLOSURES

Included within other creditors is an amount owing to the director of £85 (2024: £33). This loan is interest free and has no repayment terms.

8.	ULTIMATE CONTROLLING PARTY

The director is the ultimate controlling party by virtue of his office and shareholding.