JHJ Racing Team Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 05963523

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		104,169

			-		104,169
CURRENT ASSETS
Debtors	5	1,270,670		1,169,175
Cash at bank and in hand		3,895		4,039

		1,274,565		1,173,214
Creditors: Amounts Falling Due Within One Year	6	(34,454 )		(1,388,834 )

NET CURRENT ASSETS (LIABILITIES)			1,240,111		(215,620 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,240,111		(111,451 )

Creditors: Amounts Falling Due After More Than One Year	7		(2,919,844 )		(1,498,692 )

NET LIABILITIES			(1,679,733 )		(1,610,143 )

CAPITAL AND RESERVES
Called up share capital			2		2
Profit and Loss Account			(1,679,735 )		(1,610,145 )

SHAREHOLDERS' FUNDS			(1,679,733)		(1,610,143)

Page 1

Page 2

JHJ Racing Team Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Harinder Singh Dhillon

Director

31 December 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

JHJ Racing Team Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05963523 . The registered office is 21 Harborough Road, Oadby, Leicester, Leicestershire, LE2 4LE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles

25% straight line

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Tangible Assets

	Motor Vehicles
	£
Cost
As at 1 January 2024	644,338

As at 31 December 2024	644,338

Depreciation
As at 1 January 2024	540,169
Provided during the period	104,169

As at 31 December 2024	644,338

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	104,169

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Page 4

JHJ Racing Team Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	1,232,271	1,119,696
Other debtors	38,399	49,479

	1,270,670	1,169,175

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	19,204	4,695
Other creditors	5,250	1,384,139
Amounts owed to group undertakings	10,000	-

	34,454	1,388,834

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Other creditors	2,837,844	1,406,692
Amounts owed to group undertakings	82,000	92,000

	2,919,844	1,498,692