ACCOUNTS - Final Accounts preparation

Registered number: 12473572

KIERAN SHOEMARK RACING LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2025

KIERAN SHOEMARK RACING LTD

REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KIERAN SHOEMARK RACING LTD
FOR THE YEAR ENDED 30 APRIL 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of KIERAN SHOEMARK RACING LTD for the year ended 30 April 2025 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the Board of directors of KIERAN SHOEMARK RACING LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of KIERAN SHOEMARK RACING LTD and state those matters that we have agreed to state to the Board of directors of KIERAN SHOEMARK RACING LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KIERAN SHOEMARK RACING LTD and its Board of directors, as a body, for our work or for this report.

It is your duty to ensure that KIERAN SHOEMARK RACING LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of KIERAN SHOEMARK RACING LTD. You consider that KIERAN SHOEMARK RACING LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of KIERAN SHOEMARK RACING LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alder Demain & Akers Ltd

2 Michaels Court

Hanney Road

Southmoor

Oxon

OX13 5HR

5 November 2025

Page 1

KIERAN SHOEMARK RACING LTD

REGISTERED NUMBER: 12473572

BALANCE SHEET

AS AT 30 APRIL 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		5,784		56,907
			5,784		56,907
Current assets
Debtors: amounts falling due within one year	5	28,568		61,194
Cash at bank and in hand	6	50,618		741
		79,186		61,935
Creditors: amounts falling due within one year	7	(22,231)		(78,422)
Net current assets/(liabilities)			56,955		(16,487)
Total assets less current liabilities			62,739		40,420

Net assets			62,739		40,420

Capital and reserves
Called up share capital	100	100
Profit and loss account	62,639	40,320
	62,739	40,420

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 November 2025.

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KIERAN SHOEMARK RACING LTD

REGISTERED NUMBER: 12473572

BALANCE SHEET (CONTINUED)

AS AT 30 APRIL 2025

................................................

Kieran Shoemark

Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

KIERAN SHOEMARK RACING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1.	General information

Kieran Shoemar Limited is a company limited by shares which was incorporated in England.
The registered address is:
2 Michaels Court, Hanney Road, Southmoor, Oxon, OX13 5HR
The company's principal activity is providing jockey services

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

KIERAN SHOEMARK RACING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Plant and machinery	-	25%
				Motor vehicles	-	20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

KIERAN SHOEMARK RACING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

4.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost or valuation
At 1 May 2024	8,507	62,495	71,002
Additions	249	-	249
Disposals	-	(62,495)	(62,495)
At 30 April 2025	8,756	-	8,756
Depreciation
At 1 May 2024	783	13,312	14,095
Charge for the year on owned assets	2,189	12,499	14,688
Disposals	-	(25,811)	(25,811)
At 30 April 2025	2,972	-	2,972
Net book value
At 30 April 2025	5,784	-	5,784

Debtors

					2025	2024
					£	£


Trade debtors	-	41,600
Other debtors	28,568	19,594

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KIERAN SHOEMARK RACING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

5.Debtors (continued)

		28,568	61,194

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	50,618	741
	50,618	741

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	-	7,939
Corporation tax	8,906	23,686
Other taxation and social security	8,824	3,428
Obligations under finance lease and hire purchase contracts	-	34,669
Other creditors	4,501	8,700
	22,231	78,422

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