Company registration number: 14360636
Unaudited financial statements
for the period ended 31 March 2025
for
The Posh Pundit Racing Club Limited
Pages for filing with the Registrar
Company registration number: 14360636
The Posh Pundit Racing Club Limited
Balance sheet
as at 31 March 2025
31 Mar 25 30 Sep 23
Note £ £ £ £
Fixed assets
Tangible assets 4 60,000 60,000
60,000 60,000
Current assets
Debtors 5,520 1,810
Cash at bank and in hand 23,341 12,572
28,861 14,382
Creditors: amounts falling due within one
year 		(34,695) (7,855)
Net current (liabilities)/assets (5,834) 6,527
Total assets less current liabilities 54,166 66,527
Creditors: Amounts falling due after more
than one year 		(69,757) (77,406)
NET LIABILITIES (15,591) (10,879)
Capital and reserves
Profit and loss account (15,591) (10,879)
TOTAL EQUITY (15,591) (10,879)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 31 March 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 14360636
The Posh Pundit Racing Club Limited
Balance sheet - continued
as at 31 March 2025
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr R Adams, Director
28 December 2025
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The Posh Pundit Racing Club Limited
Notes to the financial statements
for the period ended 31 March 2025
1 Company information
The Posh Pundit Racing Club Limited is a private company registered in England and Wales. Its registered number is 14360636. The company is limited by shares. Its registered office is Vokins Barn, West Challow, Wantage, Oxfordshire, OX12 9TN.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Racehorses:
Racehorses - Depreciation is not provided on racehorses.
3 Average number of employees
During the period the average number of employees was Nil (2023 - Nil).
4 Tangible fixed assets
Racehorses
£
Cost
At 1 October 2023 60,000
At 31 March 2025 60,000
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The Posh Pundit Racing Club Limited
Notes to the financial statements - continued
for the period ended 31 March 2025
4 Tangible fixed assets - continued
Depreciation
At 31 March 2025 -
Net book value
At 31 March 2025 60,000
At 30 September 2023 60,000
4