REGISTERED NUMBER: 11505520 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Harman Racing Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K Harman

SECRETARY:

Mrs J B Harman

REGISTERED OFFICE:

Unit 14a Waterside Business Park

Livingstone Road

Hessle

East Yorkshire

HU13 0EG

REGISTERED NUMBER:

11505520 (England and Wales)

FIXED ASSETS

Investment property

4

282,015

52,145

CURRENT ASSETS

Debtors

5

14,782

9,867

Cash at bank

3,223

3,111

18,005

12,978

CREDITORS

Amounts falling due within one year

6

299,673

67,341

NET CURRENT LIABILITIES

(281,668

)

(54,363

)

TOTAL ASSETS LESS CURRENT LIABILITIES

347

(2,218

)

PROVISIONS FOR LIABILITIES

472

-

NET LIABILITIES

(125

)

(2,218

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(225

)

(2,318

)

(125

)

(2,218

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 profit or loss 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 1 May 2026 and were signed by:

K Harman - Director

1.	STATUTORY INFORMATION

Harman Racing Ltd is a private company, limited by shares , registered in England and Wales. 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

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

Going concern

The director is not aware of any reason to suggest that the company should not be able to finance its operations and other obligations for a period of at least twelve months from the date of approval of these financial statements and therefore to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

52,145

Additions

229,870

At 31 August 2025

282,015

NET BOOK VALUE

At 31 August 2025

282,015

At 31 August 2024

52,145

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Other debtors

14,782

9,867

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

34

34

Taxation and social security

226

-

Other creditors

299,413

67,307

299,673

67,341

7.	RELATED PARTY DISCLOSURES

At the period end, the related party balances were:

31.8.25

31.8.24

£

£

Amounts owed to related parties

258,298

27,935

Related parties are companies in which the directors are also a director or have a controlling interest.