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Company Registration No. SC199635 (Scotland)
Racing Property Ltd. Unaudited accounts for the year ended 31 October 2025
Racing Property Ltd. Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Racing Property Ltd. Company Information for the year ended 31 October 2025
Director
Eamonn Anthony Hughes
Company Number
SC199635 (Scotland)
Registered Office
49 Albany Drive Lanark ML11 9AF
Accountants
McKinnon & Co Ltd ACPA 33 Newmarket Street Ayr Ayrshire KA7 1LL
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Racing Property Ltd. Statement of financial position as at 31 October 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
118,000 
118,000 
Current assets
Cash at bank and in hand
92,954 
39,266 
Creditors: amounts falling due within one year
5
(37,385)
17,716 
Net current assets
55,569 
56,982 
Total assets less current liabilities
173,569 
174,982 
Creditors: amounts falling due after more than one year
6
(27,253)
(32,698)
Net assets
146,316 
142,284 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
146,216 
142,184 
Shareholders' funds
146,316 
142,284 
For the year ending 31 October 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 January 2026 and were signed on its behalf by
Eamonn Anthony Hughes Director Company Registration No. SC199635
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Racing Property Ltd. Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Racing Property Ltd. is a private company, limited by shares, registered in Scotland, registration number SC199635. The registered office is 49 Albany Drive, Lanark, ML11 9AF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 November 2024
118,000 
At 31 October 2025
118,000 
Depreciation
At 31 October 2025
- 
Net book value
At 31 October 2025
118,000 
At 31 October 2024
118,000 
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
560 
718 
Trade creditors
600 
600 
Taxes and social security
946 
917 
Loans from directors
35,279 
(19,951)
37,385 
(17,716)
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Racing Property Ltd. Notes to the Accounts for the year ended 31 October 2025
6
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
27,253 
32,698 
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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