Company registration number 08425564 (England and Wales)
THE RACE CENTRE (HALIFAX) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
THE RACE CENTRE (HALIFAX) LTD
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
THE RACE CENTRE (HALIFAX) LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
25,157
31,056
Tangible assets
4
253,885
361,377
279,042
392,433
Current assets
Debtors
361,806
284,643
Cash at bank and in hand
221,468
195,425
583,274
480,068
Creditors: amounts falling due within one year
(243,936)
(232,853)
Net current assets
339,338
247,215
Total assets less current liabilities
618,380
639,648
Creditors: amounts falling due after more than one year
(10,113)
(26,915)
Net assets
608,267
612,733
Capital and reserves
Called up share capital
132
132
Profit and loss reserves
608,135
612,601
Total equity
608,267
612,733
THE RACE CENTRE (HALIFAX) LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 14 April 2026 and are signed on its behalf by:
A Ioannou
Director
Company registration number 08425564 (England and Wales)
The Race Centre (Halifax) Ltd
THE RACE CENTRE (HALIFAX) LTD
Notes to the financial statements
for the year ended 31 December 2025
- 3 -
1
Accounting policies
Company information

The Race Centre (Halifax) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Halifax Snooker Club, 74 Commercial Street, Halifax, HX1 2JE.

Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover r epresents the fair value of the consideration received for services provided in the normal course of busine ss. Turnover is recognised upon the receipt of cash as services are provided.

Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Intellectual Property
10% Straight Line Method
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
20% Straight Line Method
Computer equipment
20% Straight Line Method
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

The Race Centre (Halifax) Ltd
THE RACE CENTRE (HALIFAX) LTD
Notes to the financial statements (CONTINUED)
for the year ended 31 December 2025
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
34
38
3
Intangible fixed assets
Total
£
Cost
At 1 January 2025 and 31 December 2025
58,176
Amortisation and impairment
At 1 January 2025
27,120
Amortisation charged for the year
5,899
At 31 December 2025
33,019
Carrying amount
At 31 December 2025
25,157
At 31 December 2024
31,056
4
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 January 2025
556,067
18,500
574,567
Additions
6,496
-
0
6,496
At 31 December 2025
562,563
18,500
581,063
Depreciation and impairment
At 1 January 2025
197,157
16,033
213,190
Depreciation charged in the year
111,521
2,467
113,988
At 31 December 2025
308,678
18,500
327,178
Carrying amount
At 31 December 2025
253,885
-
0
253,885
At 31 December 2024
358,910
2,467
361,377
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