REGISTERED NUMBER: 09556893 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SPARTAN RACE UK OPERATIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Brooke

J Connor

G B M Chater

REGISTERED OFFICE:

Penway Place

2a Charing Cross Road

London

WC2H 0HF

REGISTERED NUMBER:

09556893 (England and Wales)

ACCOUNTANTS:

CBHC Limited

Suite 3, Steeple House

Church Lane

Chelmsford

Essex

CM1 1NH

FIXED ASSETS

Tangible assets

4

-

830

CURRENT ASSETS

Stocks

224,404

101,065

Debtors

5

1,982,683

1,154,825

Cash at bank

357,446

250,399

2,564,533

1,506,289

CREDITORS

Amounts falling due within one year

6

4,435,475

4,269,609

NET CURRENT LIABILITIES

(1,870,942

)

(2,763,320

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,870,942

)

(2,762,490

)

CREDITORS

Amounts falling due after more than one year

7

332,269

69,013

NET LIABILITIES

(2,203,211

)

(2,831,503

)

RESERVES

Retained earnings

(2,203,211

)

(2,831,503

)

SHAREHOLDERS' FUNDS

(2,203,211

)

(2,831,503

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by:

M Brooke - Director

1.	STATUTORY INFORMATION

Spartan Race UK Operations 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.

The accounts are prepared on a going concern basis. This is due to the ongoing funding from Spartan Race Inc, the parent company. Assurance has been received that any balance due by Spartan Race UK Operation Limited to the parent company will not fall due within the next 12 months.

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.

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 32 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

7,257

28,381

12,080

47,718

DEPRECIATION

At 1 January 2024

7,257

27,551

12,080

46,888

Charge for year

-

830

-

830

At 31 December 2024

7,257

28,381

12,080

47,718

NET BOOK VALUE

At 31 December 2024

-

-

-

-

At 31 December 2023

-

830

-

830

5.

DEBTORS

31/12/24

31/12/23

£

£

Amounts falling due within one year:

Trade debtors

282,294

369,210

Other debtors

32,094

265,988

314,388

635,198

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,668,295

519,627

Aggregate amounts

1,982,683

1,154,825

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

528,392

380,243

Taxation and social security

166,609

328,259

Other creditors

3,740,474

3,561,107

4,435,475

4,269,609

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Amounts owed to group undertakings

332,269

69,013

8.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £332,269 (2023: £69,013) to Xchange Sport and Event AG, a subsidiary of Spartan Inc. in Europe.

Within "Debtors: Amounts Falling Due Within One Year" is £134,677 (2023: £377,776) which is owed by Spartan Race Inc.

Within "Creditors: Amounts Falling Due Within One Year" is £141,146 (2023: £208,612) which is owed to Spartan Race Inc.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Spartan Race Inc.

At the end of the period, the company was owed £1,668,295 (2023: £519,627) from Spartan Race Inc. A company with the controlling interest of Spartan Race UK Operations Ltd.