GRAND PRIX MANAGEMENT SERVICES LIMITED - Accounts to registrar (filleted)

REGISTERED NUMBER: 02798230 (England and Wales)

Financial Statements for the Year Ended 31 August 2025

for

GRAND PRIX MANAGEMENT SERVICES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J G Keattch

M Paine

Mrs K Beushaw-Keattch

Mrs L Paine

SECRETARY:

REGISTERED OFFICE:

Unit 3 Stanley Court

Shearway Business Park

Shearway Road

Folkestone

Kent

CT19 4FJ

REGISTERED NUMBER:

02798230 (England and Wales)

ACCOUNTANTS:

Ashbourne Self-Assessment Services Ltd

Unit 3 Stanley Court

Shearway Business Park

Shearway Road

Folkestone

Kent

CT19 4FJ

FIXED ASSETS

Tangible assets

4

5,335,000

5,335,306

CURRENT ASSETS

Debtors

12,175

28,114

Cash at bank

12,711

31,451

24,886

59,565

CREDITORS

Amounts falling due within one year

98,287

98,746

NET CURRENT LIABILITIES

(73,401

)

(39,181

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,261,599

5,296,125

CREDITORS

Amounts falling due after more than one
year

5

(21,395

)

(26,951

)

PROVISIONS FOR LIABILITIES

7

(1,177,981

)

(1,178,039

)

NET ASSETS

4,062,223

4,091,135

CAPITAL AND RESERVES

Called up share capital

8

2

Revaluation reserve

9

3,533,941

Retained earnings

9

528,280

557,192

SHAREHOLDERS' FUNDS

4,062,223

4,091,135

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 directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 18 May 2026 and were signed on its behalf by:

J G Keattch - Director

1.	STATUTORY INFORMATION

GRAND PRIX MANAGEMENT SERVICES LIMITED 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.

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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

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

Freehold land and buildings

-

not provided

Computer equipment

-

33% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 September 2024

and 31 August 2025

5,335,916

DEPRECIATION

At 1 September 2024

610

Charge for year

306

At 31 August 2025

916

NET BOOK VALUE

At 31 August 2025

5,335,000

At 31 August 2024

5,335,306

Cost or valuation at 31 August 2025 is represented by:

Totals

£

Valuation in 2024

5,335,916

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.8.25

31.8.24

£

Cost

623,078

Freehold land and buildings were valued on an open market basis on 31 August 2025 by the directors .

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS

31.8.25

31.8.24

£

Repayable by instalments

Bank loans more 5 yr by instal

-

4,728

6.

LOANS

An analysis of the maturity of loans is given below:

31.8.25

31.8.24

£

Amounts falling due within one year or on demand:

Bank loans

5,556

Amounts falling due between one and two years:

Bank loans - 1-2 years

5,556

31.8.25

31.8.24

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

15,839

16,667

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

4,728

7.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

Deferred tax

1,177,981

1,178,039

Deferred

tax

£

Balance at 1 September 2024

1,178,039

Utilised during year

(58

)

Balance at 31 August 2025

1,177,981

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

20

Ordinary

£0.10

2

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

At 1 September 2024

557,192

3,533,941

4,091,133

Profit for the year

111,088

Dividends

(140,000

)

(140,000

)

At 31 August 2025

528,280

3,533,941

4,062,221