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Company No: 16039450 (England and Wales)

# TEAM 13 RACING LTD

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 24 OCTOBER 2024 TO 31 DECEMBER 2025
PAGES FOR FILING WITH THE REGISTRAR

TEAM 13 RACING LTD

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 24 OCTOBER 2024 TO 31 DECEMBER 2025

Contents

TEAM 13 RACING LTD

## COMPANY INFORMATION

FOR THE FINANCIAL PERIOD FROM 24 OCTOBER 2024 TO 31 DECEMBER 2025
TEAM 13 RACING LTD

## COMPANY INFORMATION (continued)

FOR THE FINANCIAL PERIOD FROM 24 OCTOBER 2024 TO 31 DECEMBER 2025

DIRECTOR | Mr P J Dixon (Appointed 24 October 2024)

REGISTERED OFFICE | 4 Elm Place
| Old Witney Road
| Eynsham
| Oxfordshire
| England
| OX29 4BD
| United Kingdom

COMPANY NUMBER | 16039450 (England and Wales)

ACCOUNTANT | Shaw Gibbs Limited
| 264 Banbury Road
| Oxford
| OX2 7DY
| United Kingdom

TEAM 13 RACING LTD

## BALANCE SHEET

AS AT 31 DECEMBER 2025
TEAM 13 RACING LTD

## BALANCE SHEET (continued)

AS AT 31 DECEMBER 2025

| Note | 31.12.2025
|  | £
Fixed assets |  |
Tangible assets | 3 | 267,636
|  | 267,636
Current assets |  |
Cash at bank and in hand |  | 7,180
|  | 7,180
Creditors: amounts falling due within one year | 4 | ( 435,525)
Net current liabilities |  | (428,345)
Total assets less current liabilities |  | (160,709)
Net liabilities |  | ( 160,709)
Capital and reserves |  |
Called-up share capital | 5 | 100
Profit and loss account |  | ( 160,809 )
Total shareholder's deficit |  | ( 160,709)

For the financial period ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Team 13 Racing Ltd (registered number: 16039450) were approved and authorised for issue by the Director on 04 February 2026. They were signed on its behalf by:

Mr P J Dixon Director |

TEAM 13 RACING LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 24 OCTOBER 2024 TO 31 DECEMBER 2025
TEAM 13 RACING LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 24 OCTOBER 2024 TO 31 DECEMBER 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

##### General information and basis of accounting

Team 13 Racing Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 4 Elm Place, Old Witney Road, Eynsham, Oxfordshire, England, OX29 4BD, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover represents revenue from the provision of marketing services.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 5 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

#### 2. Employees

| Period from 24.10.2024 to 31.12.2025
| Number
Monthly average number of persons employed by the Company during the period, including the director | 1

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 24 October 2024 | 0 |  | 0
Additions | 489,535 |  | 489,535
Disposals | ( 204,990) |  | ( 204,990)
At 31 December 2025 | 284,545 |  | 284,545
Accumulated depreciation |  |  |
At 24 October 2024 | 0 |  | 0
Charge for the financial period | 16,909 |  | 16,909
At 31 December 2025 | 16,909 |  | 16,909
Net book value |  |  |
At 31 December 2025 | 267,636 |  | 267,636

#### 4. Creditors: amounts falling due within one year

| 31.12.2025
| £
Other creditors | 435,525

#### 5. Called-up share capital

| 31.12.2025
| £
Allotted, called-up and fully-paid |
100 Ordinary shares of £ 1.00 each | 100

#### 6. Related party transactions

Included in other creditors is £432,525 owed to the director. This amount is unsecured and interest free and repayable on demand.