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Registered number: 13061848 RACE CROWD LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2023
RACE CROWD LIMITED REGISTERED NUMBER: 13061848 BALANCE SHEET AS AT 31 DECEMBER 2023
|  | 2023 |  | 2022
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | - |  | 4,000
Current assets |  |  |  |  |
Cash at bank and in hand |  | 329 |  | 435 |
|  | 329 |  | 435 |
Creditors: amounts falling due within one year | 5 | (8,529) |  | (103,106) |
Net current liabilities |  |  | (8,200) |  | (102,671)
Total assets less current liabilities |  |  | (8,200) |  | (98,671)
Net liabilities |  |  | (8,200) |  | (98,671)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | (8,300) |  | (98,771)
|  |  | (8,200) |  | (98,671)
The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared 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 Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Mr A J Barney
Director
Date: 15 December 2025
The notes on pages 2 to 4 form part of these financial statements. Page 1
RACE CROWD LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. | General information
Race Crowd Limited isa private company limited by shares incorporated in England and Wales, United Kingdom. The address of the registered office is C/O Price Bailey LLP, Tennyson House, Cowley Road, Cambridge, CB4 0WZ. The principal activity of the Company continued to be that of a racehorse syndicate. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The Company's functional and prepentational currency is Pounds Sterling. The level of rounding is to the nearest £. The following principal accounting policies have been applied:
| 2.2 | Going concern
The company's financial statements have been prepared under the going concern basis. The Director believes that the going concern basis is appropriate for the forseeable future. The company will receive ongoing support from the director and connected companies.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Race winnings: Winnings from horse races are recognised on receipt of the prize money. Recharges: The recharge of expenses are recognised on an accruals basis in the period to which they relate.
| 2.4 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. Page 2
RACE CROWD LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 2.Accounting policies (continued)
| 2.5 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.6 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.7 | Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objectives evidence of impairment is found an impairment loss is recognised in the Statement of Comprehensive Income.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2022 - 1).
4. | Intangible assets
|  | Racing Colours
|  | £
| At 1 January 2023 | 4,000
| Disposals | (4,000)
| At 31 December 2023 | -
| Net book value |
| At 31 December 2023 | -
| At 31 December 2022 | 4,000
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RACE CROWD LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
5. | Creditors: Amounts falling due within one year
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
| Amounts owed to associates | 229 | 91,650
| Corporation tax | 500 | -
| Other creditors | - | 6,055
| Accruals and deferred income | 7,800 | 5,401
|  | 8,529 | 103,106
6. | Share capital
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2022 - 100) Ordinary shares of £1.00 each | 100 | 100
7. | Related party transactions
| During the year the Company operated loans with the director of the Company. The amount owed from the director at the year end was £NIL (2022 - £6,055 creditor). The loan, which is unsecured and repayable on demand, is shown within creditors. During the year the Company operated loans with connected companies. The balance due to the connected companies at the year end was £229 (2022 - £91,650). The balance is interest free and repayable on demand.
8. | Controlling party
The controlling party is Mr A Barney by virtue of his 100% shareholding in Race Crowd Limited.
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