Caseware UK (AP4) 2025.0.111 2025.0.111 2025-10-31 2025-10-31 2025-10-31 8 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 8 true 2024-11-01 The company's principal activity during the year continued to be the provision of motor sports related and other holiday arrangements.false false 07005663 2024-11-01 2025-10-31 07005663 2023-11-01 2024-10-31 07005663 2025-10-31 07005663 2024-10-31 07005663 2023-11-01 07005663 c:Director2 2024-11-01 2025-10-31 07005663 d:PlantMachinery 2024-11-01 2025-10-31 07005663 d:PlantMachinery 2025-10-31 07005663 d:PlantMachinery 2024-10-31 07005663 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-11-01 2025-10-31 07005663 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-10-31 07005663 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-10-31 07005663 d:CurrentFinancialInstruments 2025-10-31 07005663 d:CurrentFinancialInstruments 2024-10-31 07005663 d:Non-currentFinancialInstruments 2025-10-31 07005663 d:Non-currentFinancialInstruments 2024-10-31 07005663 d:CurrentFinancialInstruments d:WithinOneYear 2025-10-31 07005663 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 07005663 d:Non-currentFinancialInstruments d:AfterOneYear 2025-10-31 07005663 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 07005663 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-10-31 07005663 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-10-31 07005663 d:ShareCapital 2025-10-31 07005663 d:ShareCapital 2024-10-31 07005663 d:ShareCapital 2023-11-01 07005663 d:RetainedEarningsAccumulatedLosses 2024-11-01 2025-10-31 07005663 d:RetainedEarningsAccumulatedLosses 2025-10-31 07005663 d:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 07005663 d:RetainedEarningsAccumulatedLosses 2024-10-31 07005663 d:RetainedEarningsAccumulatedLosses 2023-11-01 07005663 c:OrdinaryShareClass1 2024-11-01 2025-10-31 07005663 c:OrdinaryShareClass1 2025-10-31 07005663 c:OrdinaryShareClass1 2024-10-31 07005663 c:FRS102 2024-11-01 2025-10-31 07005663 c:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 07005663 c:FullAccounts 2024-11-01 2025-10-31 07005663 c:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 07005663 d:Subsidiary1 2025-10-31 07005663 d:Subsidiary1 2024-11-01 2025-10-31 07005663 d:Subsidiary1 1 2024-11-01 2025-10-31 07005663 d:WithinOneYear 2025-10-31 07005663 d:WithinOneYear 2024-10-31 07005663 d:BetweenOneFiveYears 2025-10-31 07005663 d:BetweenOneFiveYears 2024-10-31 07005663 c:Consolidated 2025-10-31 07005663 c:ConsolidatedGroupCompanyAccounts 2024-11-01 2025-10-31 07005663 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2024-11-01 2025-10-31 07005663 2 2024-11-01 2025-10-31 07005663 6 2024-11-01 2025-10-31 07005663 d:AcceleratedTaxDepreciationDeferredTax 2025-10-31 07005663 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 07005663 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2024-11-01 2025-10-31 07005663 e:PoundSterling 2024-11-01 2025-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07005663 GRANDSTAND MOTOR SPORT LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 OCTOBER 2025
GRANDSTAND MOTOR SPORT LIMITED REGISTERED NUMBER: 07005663 CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 OCTOBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 6 |  | 21,473 |  | 18,216
Tangible assets | 7 |  | 1,209 |  | 2,831
|  |  | 22,682 |  | 21,047
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 9 | 890,619 |  | 663,776 |
Current asset investments | 10 | 12,995 |  | 12,995 |
Cash at bank and in hand | 11 | 668,892 |  | 612,894 |
|  | 1,572,506 |  | 1,289,665 |
Creditors: amounts falling due within one year | 12 | (1,287,403) |  | (995,395) |
Net current assets |  |  | 285,103 |  | 294,270
Total assets less current liabilities |  |  | 307,785 |  | 315,317
Creditors: amounts falling due after more than one year | 13 |  | (95,001) |  | (136,668)
Provisions for liabilities |  |  |  |  |
Deferred taxation | 15 | (5,671) |  | (5,262) |
|  |  | (5,671) |  | (5,262)
Net assets excluding pension asset |  |  | 207,113 |  | 173,387
Net assets |  |  | 207,113 |  | 173,387
Capital and reserves |  |  |  |  |
Called up share capital | 16 |  | 100,000 |  | 100,000
Profit and loss account | 17 |  | 107,113 |  | 73,387
Equity attributable to owners of the Parent Company |  |  | 207,113 |  | 173,387
|  |  | 207,113 |  | 173,387
Page 1
GRANDSTAND MOTOR SPORT LIMITED REGISTERED NUMBER: 07005663 CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 OCTOBER 2025 The directors consider 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the consolidated income statement 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 on 15 January 2026.
L A T Jordan
Director
The notes on pages 8 to 22 form part of these financial statements. Page 2
GRANDSTAND MOTOR SPORT LIMITED REGISTERED NUMBER: 07005663 COMPANY STATEMENT OF FINANCIAL POSITION AS AT 31 OCTOBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 6 |  | 21,473 |  | 18,216
Tangible assets | 7 |  | 1,209 |  | 2,831
Investments | 8 |  | 2,000 |  | 2,000
|  |  | 24,682 |  | 23,047
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 9 | 909,801 |  | 680,678 |
Current asset investments | 10 | 12,995 |  | 12,995 |
Cash at bank and in hand | 11 | 641,985 |  | 593,992 |
|  | 1,564,781 |  | 1,287,665 |
Creditors: amounts falling due within one year | 12 | (1,281,678) |  | (995,395) |
Net current assets |  |  | 283,103 |  | 292,270
Total assets less current liabilities |  |  | 307,785 |  | 315,317
Creditors: amounts falling due after more than one year | 13 |  | (95,001) |  | (136,668)
Provisions for liabilities |  |  |  |  |
Deferred taxation | 15 | (5,671) |  | (5,262) |
|  |  | (5,671) |  | (5,262)
Net assets |  |  | 207,113 |  | 173,387
Capital and reserves |  |  |  |  |
Called up share capital | 16 |  | 100,000 |  | 100,000
Profit and loss account carried forward |  |  | 107,113 |  | 73,387
|  |  | 207,113 |  | 173,387
Page 3
GRANDSTAND MOTOR SPORT LIMITED REGISTERED NUMBER: 07005663 COMPANY STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 OCTOBER 2025 The directors consider that the Company is entitled to exemption from the requirement to have an audit under the provisions of 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the consolidated income statement 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 on 15 January 2026.
L A T Jordan
Director
The notes on pages 8 to 22 form part of these financial statements. Page 4
GRANDSTAND MOTOR SPORT LIMITED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 OCTOBER 2025
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 November 2023 | 100,000 | 33,292 | 133,292
Comprehensive income for the year |  |  |
Profit for the year | - | 40,095 | 40,095
At 1 November 2024 | 100,000 | 73,387 | 173,387
Comprehensive income for the year |  |  |
Profit for the year | - | 33,726 | 33,726
At 31 October 2025 | 100,000 | 107,113 | 207,113
| The notes on pages 8 to 22 form part of these financial statements.
Page 5
GRANDSTAND MOTOR SPORT LIMITED COMPANY STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 OCTOBER 2025
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 November 2023 | 100,000 | 33,292 | 133,292
Comprehensive income for the year |  |  |
Profit for the year | - | 40,095 | 40,095
At 1 November 2024 | 100,000 | 73,387 | 173,387
Comprehensive income for the year |  |  |
Profit for the year | - | 33,726 | 33,726
At 31 October 2025 | 100,000 | 107,113 | 207,113
| The notes on pages 8 to 22 form part of these financial statements.
Page 6
GRANDSTAND MOTOR SPORT LIMITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2025
|  |  | 2025 | 2024
|  |  | £ | £
Cash flows from operating activities |  |
Profit for the financial year | 33,726 | 40,095
Adjustments for: |  |
Amortisation of intangible assets | 13,743 | 15,550
Depreciation of tangible assets | 1,622 | 1,699
Interest paid | 4,737 | 8,945
Interest received | (6,104) | (6,949)
Taxation charge | 8,094 | 12,389
(Increase) in debtors | (226,843) | (99,805)
Increase in creditors | 294,989 | 110,821
Corporation tax (paid)/received | (2,333) | -
Net cash generated from operating activities | 121,631 | 82,745
Cash flows from investing activities |  |
Purchase of intangible fixed assets | (17,000) | (600)
Purchase of tangible fixed assets | - | (1,832)
Interest received | 6,104 | 6,949
Net cash from investing activities | (10,896) | 4,517
Cash flows from financing activities |  |
Repayment of loans | (50,000) | (50,000)
Interest paid | (4,737) | (8,945)
Net cash used in financing activities | (54,737) | (58,945)
Net increase in cash and cash equivalents | 55,998 | 28,317
Cash and cash equivalents at beginning of year | 612,894 | 584,577
Cash and cash equivalents at the end of year | 668,892 | 612,894
Cash and cash equivalents at the end of year comprise: |  |
Cash at bank and in hand | 668,892 | 612,894
| 668,892 | 612,894
The notes on pages 8 to 22 form part of these financial statements.
Page 7
GRANDSTAND MOTOR SPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
1. | General information
Grandstand Motor Sport Limited is a company domiciled in England and Wales, registration number 07005663. The registered office is 2nd Floor, Nucleus House, 2 Lower Mortlake Road, Richmond TW9 2JA. 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3). The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Income Statement in these financial statements. The following principal accounting policies have been applied:
| 2.2 | Basis of consolidation
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full. The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of Financial Position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Income Statement from the date on which control is obtained. They are deconsolidated from the date control ceases.
| 2.3 | Going concern
The directors have prepared budgets and cashflow forecasts which reflect good operational liquidity and profitability throughout. Group management and the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future, being at least the following 12 months from the signing of these financial statements. As a result, the directors believe that it is still appropriate to apply the going concern basis for the foreseeable future. Page 8
GRANDSTAND MOTOR SPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 2.Accounting policies (continued)
| 2.4 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
| 2.5 | Revenue
Turnover represents the total value of travel, holiday and holiday accommodation arrangements provided by the group, recognised on a departure date basis, net of value added tax and discounts.
| 2.6 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.7 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.8 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.9 | Pensions
Defined contribution pension plan The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Group in independently administered funds.
| 2.10 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Page 9
GRANDSTAND MOTOR SPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 2.Accounting policies (continued)
| 2.11 | 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.
| 2.12 | 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. In the Consolidated Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.
| 2.13 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company and the Group operate and generate income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and ∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date. Page 10
GRANDSTAND MOTOR SPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 2.Accounting policies (continued)
| 2.14 | 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. The estimated useful lives range as follows:
| 2.15 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. The estimated useful lives range as follows:
|  |  |  | Plant and machinery | - | 3 | years
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.16 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.17 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss. Page 11
GRANDSTAND MOTOR SPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
In the application of the group's accounting policies, the directors are required to make judgments,estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised in the period in which the estimates are revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
4. | Employees
| The average monthly number of employees, including the directors, during the year was as follows:
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Sales and administration | 8 | 8 | 8 | 8
|  | 8 | 8 | 8 | 8
5. | Parent company profit for the year
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Income Statement in these financial statements. The profit after tax of the parent Company for the year was £33,726 (2024 - £40,095). Page 12
GRANDSTAND MOTOR SPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
6. | Intangible assets
| Group
|  | Development expenditure
|  | £
| Cost |
| At 1 November 2024 | 54,950
| Additions | 17,000
| At 31 October 2025 | 71,950
| Amortisation |
| At 1 November 2024 | 36,734
| Charge for the year on owned assets | 13,743
| At 31 October 2025 | 50,477
| Net book value |
| At 31 October 2025 | 21,473
| At 31 October 2024 | 18,216
Page 13
GRANDSTAND MOTOR SPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 6.Intangible assets (continued)
| Company
|  | Development expenditure
|  | £
| Cost |
| At 1 November 2024 | 54,950
| Additions | 17,000
| At 31 October 2025 | 71,950
| Amortisation |
| At 1 November 2024 | 36,734
| Charge for the year | 13,743
| At 31 October 2025 | 50,477
| Net book value |
| At 31 October 2025 | 21,473
| At 31 October 2024 | 18,216
Page 14
GRANDSTAND MOTOR SPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
7. | Tangible fixed assets
| Group
|  | Plant and machinery
|  | £
| Cost or valuation |
| At 1 November 2024 | 24,003
| At 31 October 2025 | 24,003
| Depreciation |
| At 1 November 2024 | 21,172
| Charge for the year on owned assets | 1,622
| At 31 October 2025 | 22,794
| Net book value |
| At 31 October 2025 | 1,209
| At 31 October 2024 | 2,831
Page 15
GRANDSTAND MOTOR SPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 7.Tangible fixed assets (continued)
| Company
|  | Plant and machinery
|  | £
| Cost or valuation |
| At 1 November 2024 | 24,003
| At 31 October 2025 | 24,003
| Depreciation |
| At 1 November 2024 | 21,172
| Charge for the year on owned assets | 1,622
| At 31 October 2025 | 22,794
| Net book value |
| At 31 October 2025 | 1,209
| At 31 October 2024 | 2,831
Page 16
GRANDSTAND MOTOR SPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
8. | Fixed asset investments
| Company
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 November 2024 | 2,000
| At 31 October 2025 | 2,000
| Subsidiary undertaking
| The following was a subsidiary undertaking of the Company:
| Name | Registered office | Class of shares | Holding
| Grandstand Motor Sport Transport Limited | 2nd Floor, Nucleus House, 2 Lower Mortlake Road, Richmond TW9 2JA | Ordinary | 100%
| The aggregate of the share capital and reserves as at 31 October 2025 and the profit or loss for the year ended on that date for the subsidiary undertaking was as follows:
| Name | Aggregate of share capital and reserves
| Grandstand Motor Sport Transport Limited | 2,000
Page 17
GRANDSTAND MOTOR SPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
9. | Debtors
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Trade debtors | 803,861 | 601,412 | 803,861 | 601,412
| Amounts owed by group undertakings | - | - | 19,182 | 18,086
| Other debtors | 68,375 | 51,057 | 68,375 | 49,873
| Prepayments and accrued income | 18,383 | 11,307 | 18,383 | 11,307
|  | 890,619 | 663,776 | 909,801 | 680,678
10. | Current asset investments
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Unlisted investments | 12,995 | 12,995 | 12,995 | 12,995
|  | 12,995 | 12,995 | 12,995 | 12,995
11. | Cash and cash equivalents
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Cash at bank and in hand | 668,892 | 612,894 | 641,985 | 593,992
|  | 668,892 | 612,894 | 641,985 | 593,992
Page 18
GRANDSTAND MOTOR SPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
12. | Creditors: Amounts falling due within one year
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Bank loans | 41,667 | 50,000 | 41,667 | 50,000
| Trade creditors | 349,910 | 201,100 | 349,910 | 201,100
| Corporation tax | 7,685 | 2,333 | 7,685 | 2,333
| Other taxation and social security | 12,231 | 7,216 | 6,506 | 7,216
| Other creditors | 9,072 | 8,804 | 9,072 | 8,804
| Accruals and deferred income | 866,838 | 725,942 | 866,838 | 725,942
|  | 1,287,403 | 995,395 | 1,281,678 | 995,395
| Included in accruals and deferred income is the sum of £720,820 (2023: £568,567) of customer monies received in advance for departures post 31 October 2024.
13. | Creditors: Amounts falling due after more than one year
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Bank loans | - | 41,667 | - | 41,667
| Other loans | 95,001 | 95,001 | 95,001 | 95,001
|  | 95,001 | 136,668 | 95,001 | 136,668
| The Coronavirus business interruption loan is provided by Barclays Bank UK Plc and is supported by the Coronavirus Business Interruption Loan Scheme. The loan is for a 72 month term with no capital repayments or interest payments in the the first 12 months. Interest is payable at 2.99% per annum over the bank base rate thereafter. Other loans consist of shareholders' loans. These loans are subject to a subordinated undertaking in favour of the Civil Aviation Authority ("CAA") and cannot be repaid without the CAA's written permission.
Page 19
GRANDSTAND MOTOR SPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
14. | Loans
| Analysis of the maturity of loans is given below:
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Amounts falling due within one year |  |  |  |
| Bank loans | 41,667 | 50,000 | 41,667 | 50,000
|  | 41,667 | 50,000 | 41,667 | 50,000
| Amounts falling due 1-2 years |  |  |  |
| Bank loans | - | 41,667 | - | 41,667
| Other loans | 95,001 | 95,001 | 95,001 | 95,001
|  | 95,001 | 136,668 | 95,001 | 136,668
|  | 136,668 | 186,668 | 136,668 | 186,668
Page 20
GRANDSTAND MOTOR SPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
15. | Deferred taxation
| Group
|  | 2025 | 2024
|  | £ | £
| At beginning of year | (5,262) | 4,794
| Charged to profit or loss | (409) | (10,056)
| At end of year | (5,671) | (5,262)
| Company
|  | 2025 | 2024
|  | £ | £
| At beginning of year | (5,262) | 4,794
| Charged to profit or loss | (409) | (10,056)
| At end of year | (5,671) | (5,262)
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Accelerated capital allowances | (5,671) | (5,262) | (5,671) | (5,262)
|  | (5,671) | (5,262) | (5,671) | (5,262)
16. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100,000 (2024 - 100,000) Ordinary shares of £1.00 each | 100,000 | 100,000
17. | Reserves
Profit and loss account The profit and loss account represents the net distributable reserves of the Company at the date of the statement of financial position. Page 21
GRANDSTAND MOTOR SPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
18. | Credit card receipts proceeds
The business has an arrangement with its merchant providers that 10% of all receipts will be withheld for 120 days from the date of receipt. These will be released to the business after expiry of 120 days. As at 31 October 2025 total receipts withheld under this arranagement were £23,063 (2024: £38,775). These are included in debtors due within 1 year.
19. | Contingent liabilities
At 31 October 2025, there were contingent liabilities outstanding in respect of counter indemnities given by the group, in the normal course of business, to the company's bond insurance obligors in respect of ABTOT travel bonds amounting to £138,623.
20. | Pension commitments
The group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £5,536 (2024: £4,265). Contributions totalling £1,233 (2024: £971) were payable to the fund at the reporting date and are included in creditors.
21. | Commitments under operating leases
| At 31 October 2025 the Group and the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Not later than 1 year | 20,000 | 20,000 | 20,000 | 20,000
| Later than 1 year and not later than 5 years | 58,333 | 78,333 | 58,333 | 78,333
|  | 78,333 | 98,333 | 78,333 | 98,333
22. | Controlling party
There is no one controlling party.
23. | Other charges
The Company has registered against it a fixed charge dated 21 July 2020 in favour of Barclays Security Trustee Limited to secure the Coronavirus Business Interruption Loan outlined in note 13. The loan is repayable in equal monthly instalments. The fixed charge will be released upon full repayment of the loan.
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