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REGISTERED NUMBER: SC284040 (Scotland)

Financial Statements for the Year Ended 31 July 2025

for

Balmoral Road Races Limited

Balmoral Road Races Limited (Registered number: SC284040)

Contents of the Financial Statements

for the Year Ended 31 July 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |

Balmoral Road Races Limited

Company Information

for the Year Ended 31 July 2025

| DIRECTOR: | Mr James Knowles

| SECRETARY: | Ms Jane Elizabeth Fedo

| REGISTERED OFFICE: | The Estates Office

| Balmoral

| Ballater

| Aberdeenshire

| AB35 5TB

| REGISTERED NUMBER: | SC284040 (Scotland)

| ACCOUNTANTS: | The Grant Considine Partnership

| Chartered Accountants

| 46 High Street

| Banchory

| Aberdeenshire

| AB31 5SR

| BANKERS: | Bank of Scotland plc

| 9 Bridge Street

| Ballater

| Aberdeenshire

| AB35 5QP

| SOLICITORS: | Taggart Meil Mathers

| 20 Bon Accord Square

| Aberdeen

| AB11 6DJ

Balmoral Road Races Limited (Registered number: SC284040)

Statement of Financial Position

31 July 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 6 | 5,070 |  | 19,069 |  |

Cash at bank | 89,426 |  | 64,941 |  |

94,496 |  | 84,010 |  |

CREDITORS

Amounts falling due within one year | 7 | 803 |  | 7,205 |  |

NET CURRENT ASSETS | 93,693 |  | 76,805 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 93,693 |  | 76,805 |  |

RESERVES

Income and expenditure account | 93,693 |  | 76,805 |  |

93,693 |  | 76,805 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 March 2026 and were signed by:

Mr James Knowles - Director

Balmoral Road Races Limited (Registered number: SC284040)

Notes to the Financial Statements

for the Year Ended 31 July 2025

1. | STATUTORY INFORMATION

| Balmoral Road Races Limited is a private company, limited by guarantee , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Revenue recognition

| Income represents the total income derived from entrance fees, sponsorship, marketing, grants, charitable contributions and trade stands. Grant income which has been received as a result of a claim against specific expenditure has been set against that expenditure.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery | - | 25% on cost

| Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses.

| Financial instruments

| The following assets and liabilities are classified as financial instruments - trade debtors and trade creditors.

| Trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Balmoral Road Races Limited (Registered number: SC284040)

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

3. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

| Grants receivable

| Grants receivable are included in the period to which the relate.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| At 1 August 2024

| and 31 July 2025 | 15,087 |  |

| DEPRECIATION

| At 1 August 2024

| and 31 July 2025 | 15,087 |  |

| NET BOOK VALUE

| At 31 July 2025 | - |  |

| At 31 July 2024 | - |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 5,070 |  | 19,069 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 50 |  | 974 |  |

| Other creditors | 753 |  | 6,231 |  |

803 |  | 7,205 |  |

8. | ULTIMATE CONTROLLING PARTY

| The company has no ultimate controlling party.

9. | GOING CONCERN

| The company was forced to cancel the Run Balmoral event in April 2021 due to the Covid-19 global pandemic. The event has taken place in 2022 and 2023. The directors feel that should another unforeseen event occur that does not allow the event to run in future years the company has adequate resources to continue in operational existence for the foreseeable future.