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THE RACING BUG LIMITED

Registered Number
10716469
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2025

THE RACING BUG LIMITED
Company Information
for the year from 1 May 2024 to 30 April 2025

Director | RUTHERFORD, Martin Joseph

Registered Address | Meadow Valley Farm Nash Road
| Thornborough
| Buckingham
| MK18 2DY

Registered Number | 10716469 (England and Wales)

THE RACING BUG LIMITED
Balance Sheet as at
30 April 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | - |  |  |  | 20
Investment property | 4 |  |  | 820,000 |  |  |  | 820,000
|  |  |  | 820,000 |  |  |  | 820,020
Current assets |  |  |  |  |  |  |  |
Cash at bank and on hand |  | 37 |  |  |  | 3,339 |  |
|  | 37 |  |  |  | 3,339 |  |
Creditors amounts falling due within one year | 5 | (375,547) |  |  |  | (399,666) |  |
Net current assets (liabilities) |  |  |  | (375,510) |  |  |  | (396,327)
Total assets less current liabilities |  |  |  | 444,490 |  |  |  | 423,693
Creditors amounts falling due after one year | 6 |  |  | (320,135) |  |  |  | (299,320)
Provisions for liabilities | 7 |  |  | (26,433) |  |  |  | (26,433)
Net assets |  |  |  | 97,922 |  |  |  | 97,940
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 1 |  |  |  | 1
Revaluation reserve |  |  |  | 105,730 |  |  |  | 105,730
Profit and loss account |  |  |  | (7,809) |  |  |  | (7,791)
Shareholders' funds |  |  |  | 97,922 |  |  |  | 97,940

- The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 9 April 2026, and are signed on its behalf by:
RUTHERFORD, Martin Joseph Director Registered Company No. 10716469

THE RACING BUG LIMITED
Notes to the Financial Statements
for the year ended 30 April 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

| Turnover policy
--- | ---
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

| Foreign currency translation
--- | ---
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

| Deferred tax
--- | ---
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

|  | Straight line (years)
| Plant and machinery | 5

| Investment property
--- | ---
| Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in the fair value are recognised in profit or loss.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 0 |  | 0

3. | Tangible fixed assets
--- | ---

|  | Plant & machinery |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 May 24 | 400 |  | 400
| At 30 April 25 | 400 |  | 400
| Depreciation and impairment
| At 01 May 24 | 380 |  | 380
| Charge for year | 20 |  | 20
| At 30 April 25 | 400 |  | 400
| Net book value
| At 30 April 25 | - |  | -
| At 30 April 24 | 20 |  | 20

4. | Investment property
--- | ---

|  | £
| Fair value at 01 May 24 | 820,000
| At 30 April 25 | 820,000

5. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | - |  | 22,157
| Taxation and social security | 84 |  | 2,046
| Other creditors | 375,103 |  | 375,103
| Accrued liabilities and deferred income | 360 |  | 360
| Total | 375,547 |  | 399,666

| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | - |  | 152,801
| Other creditors | 320,135 |  | 146,519
| Total | 320,135 |  | 299,320

7. | Provisions for liabilities
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Net deferred tax liability (asset) | 26,433 |  | 26,433
| Total | 26,433 |  | 26,433