Atherton Racing Ltd 31/03/2025 iXBRL

Company registration number: 07567679

ATHERTON RACING LTD

UNAUDITED FILLETED FINANCIAL STATEMENTS

31 March 2025

ATHERTON RACING LTD

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

ATHERTON RACING LTD

DIRECTORS AND OTHER INFORMATION


	Directors	Mr D S Atherton
		Mr G D Atherton
		Miss R A Atherton
		Mr D P Brown


	Company number	07567679


	Registered office	Cefn Ucha
		Llanrhaedr ym Mochnant
		Oswestry
		SY10 0DT


	Business address	Cefn Ucha
		Llanrhaedr ym Mochnant
		Oswestry
		SY10 0DT


	Accountants	Heywoods
		Countrywide House
		Knights Way
		Shrewsbury
		Shropshire
		SY1 3AB

ATHERTON RACING LTD

CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE

UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ATHERTON RACING LTD

YEAR ENDED 31ST MARCH 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 Atherton Racing Ltd for the year ended 31 March 2025 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Atherton Racing Ltd, as a body, in accordance with the terms of our engagement letter dated 14 July 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Atherton Racing Ltd and state those matters that we have agreed to state to the board of directors of Atherton Racing Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Atherton Racing Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Atherton 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 Atherton Racing Ltd. You consider that Atherton Racing Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Atherton 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.

Heywoods

Chartered Accountants

Countrywide House

Knights Way

Shrewsbury

Shropshire

SY1 3AB

24 December 2025

ATHERTON RACING LTD

STATEMENT OF FINANCIAL POSITION

31ST MARCH 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	104,473		121,939
		_______		_______
			104,473		121,939

Current assets
Debtors	6	1,530,794		1,365,427
Cash at bank and in hand		136,430		143,864
		_______		_______
		1,667,224		1,509,291
Creditors: amounts falling due
within one year	7	( 255,777)		( 198,017)
		_______		_______
Net current assets			1,411,447		1,311,274
			_______		_______
Total assets less current liabilities			1,515,920		1,433,213

Creditors: amounts falling due
after more than one year	8		( 10,824)		( 24,706)

Provisions for liabilities			( 26,118)		( 30,484)

			_______		_______
Net assets			1,478,978		1,378,023
			_______		_______

Capital and reserves
Called up share capital			8		8
Profit and loss account			1,478,970		1,378,015
			_______		_______
Shareholders funds			1,478,978		1,378,023
			_______		_______

For the 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 24 December 2025 , and are signed on behalf of the board by:

Mr D P Brown

Director

Company registration number: 07567679

ATHERTON RACING LTD

STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31ST MARCH 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2023	8	1,363,232	1,363,240

Profit for the year		40,783	40,783
	_______	_______	_______
Total comprehensive income for the year	-	40,783	40,783

Dividends paid and payable		( 26,000)	( 26,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 26,000)	( 26,000)

	_______	_______	_______
At 31 March 2024 and 1 April 2024	8	1,378,011	1,378,019

Profit for the year		119,611	119,611
	_______	_______	_______
Total comprehensive income for the year	-	119,611	119,611

Dividends paid and payable		( 18,652)	( 18,652)
	_______	_______	_______
Total investments by and distributions to owners	-	( 18,652)	( 18,652)

	_______	_______	_______
At 31 March 2025	8	1,478,970	1,478,978
	_______	_______	_______

ATHERTON RACING LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31ST MARCH 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Cefn Ucha, Llanrhaedr ym Mochnant, Oswestry, SY10 0DT.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, over the useful economic life of that asset as follows:


Short leasehold property	-	33.33 %	straight line
Fittings fixtures and equipment	-	15 %	reducing balance
Motor vehicles	-	25 %	reducing balance

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 6 ).

5. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	45,498	319,248	364,746
	_______	_______	_______
Depreciation
At 1 April 2024	36,767	206,041	242,808
Charge for the year	1,457	16,008	17,465
	_______	_______	_______
At 31 March 2025	38,224	222,049	260,273
	_______	_______	_______
Carrying amount
At 31 March 2025	7,274	97,199	104,473
	_______	_______	_______
At 31 March 2024	8,731	113,207	121,938
	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	131,618	53,165
Other debtors	1,399,176	1,312,262
	_______	_______
	1,530,794	1,365,427
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	26,943	24,520
Trade creditors	78,806	32,955
Corporation tax	58,433	40,105
Social security and other taxes	27,742	16,874
Other creditors	63,853	83,563
	_______	_______
	255,777	198,017
	_______	_______

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

	2025	2024
	£	£
Bank loans and overdrafts	1,588	11,791
Other creditors	9,236	12,915
	_______	_______
	10,824	24,706
	_______	_______

9. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr D S Atherton	( 5,981)	-	494	( 5,487)
	Mr G D Atherton	( 6,322)	-	4,633	( 1,689)
	Miss R A Atherton	( 1,485)	-	571	( 914)
	Mr D P Brown	( 14,834)	( 388)	-	( 15,222)
		_______	_______	_______	_______
		( 28,622)	( 388)	5,698	( 23,312)
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr D S Atherton	( 6,480)	-	499	( 5,981)
	Mr G D Atherton	( 6,691)	-	369	( 6,322)
	Miss R A Atherton	( 37,646)	-	36,161	( 1,485)
	Mr D P Brown	( 14,753)	( 83)	-	(14,836)
		_______	_______	_______	_______
		( 65,570)	( 83)	37,029	(28,624)
		_______	_______	_______	_______