REGISTERED NUMBER: 03482581 (England and Wales)

Audited Financial Statements for the Year Ended 31 March 2025

for

John Guest Racing Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R T Guest

B J Guest

T S Guest

SECRETARY:

R T Guest

REGISTERED OFFICE:

The Granary

Courtyard Barns

Choke Lane

Cookham Dean

Berkshire

SL6 6PT

REGISTERED NUMBER:

03482581 (England and Wales)

SENIOR STATUTORY AUDITOR:

Paul Cullen

AUDITORS:

City, Chartered Accountants

Suite 540, 5th Floor,

Linen Hall

162- 168 Regent Street

London

W1B 5TF

FIXED ASSETS

Tangible assets

4

419,333

419,333

CURRENT ASSETS

Cash at bank

664,048

855,746

CREDITORS

Amounts falling due within one year

(983,381

)

(1,175,079

)

NET CURRENT LIABILITIES

(319,333

)

(319,333

)

TOTAL ASSETS LESS CURRENT LIABILITIES

100,000

100,000

CAPITAL AND RESERVES

Called up share capital

5

100,000

100,000

SHAREHOLDERS' FUNDS

100,000

100,000

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by:

R T Guest - Director

1.	STATUTORY INFORMATION

John Guest Racing Limited 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.

Tangible fixed assets

Tangible fixed assets are initially recognised at cost. After initial recognition, tangible fixed assets are measured at cost less accumulated depreciation.

The freehold property is the only tangible fixed asset in the accounts. There is no depreciation on the cost of the freehold property as the estimated residual value of the property is at least equal to cost. The residual value is considered each year as part of an annual impairment review and if a change in accounting estimate is required a disclosure is made in the accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

419,333

NET BOOK VALUE

At 31 March 2025

419,333

At 31 March 2024

419,333

In the accounting period to 12th June 2018, there was a change in accounting estimate in respect of the freehold property. The estimated residual value was reconsidered when the commercial trade ceased and the use of the property changed to a non-commercial use. It was deemed that the residual value of the property was equal to at least cost.

Under FRS 102 a change in accounting estimate such as this, requires the Company to adjust the carrying amount of the asset and recognise that adjustment in the profit and loss in the period the change occured. At 12th June 2018, an adjustment of £294,978 increased the carrying amount of the freehold property to £419,333 with the corresponding credit recognised in the profit and loss account.

The property continues to be accounted under the cost model and not under the revaluation model. Note 2 indicates the accounting policy in respect of the freehold property.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100,000

Ordinary

£1

100,000

100,000

The Company has one class of ordinary shares which have full rights regarding voting, payment of

dividends and distributions.

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Cullen (Senior Statutory Auditor)

for and on behalf of City, Chartered Accountants

7.	RELATED PARTY DISCLOSURES

At the beginning of the period The Company owed the director, R T Guest £351,257. Funds of £1,237,816 were introduced into the Company and amounts paid on R T Guest's behalf were £1,291,154. At the year end the Company owed R T Guest £297,919.

At the beginning of the period The Company owed the director, B J Guest £373,584. Funds of £750,909 were introduced into the Company and amounts paid on B J Guest's behalf were £809,347. At the year end the Company owed B J Guest £315,146.

At the beginning of the period The Company owed the director, T S Guest £348,837. Funds of £975,000 were introduced into the Company and amounts paid on T S Guest's behalf were £1,024,042. At the year end the Company owed T S Guest £299,795.

There are director's trade creditors of £29,461 (2024: £55,625) outstanding at 31st March 2025.

8.	GOING CONCERN

The Company is wholly dependant on the support of its directors and they intend to continue this support for the foreseeable future including the twelve months from the date of approval of these financial statements.