Registration number: 12455264

Emma Bishop Racing Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 8

Emma Bishop Racing Limited

Company Information

Director

Mrs Emma Bishop

Registration number

12455264

Registered office

Unit 5 Priory Court Priory Estate Poulton Cirencester GL7 5JB

Accountants

mca Shepherd Smail Unit 5 Priory Court Priory Estate Poulton Cirencester GL7 5JB

Emma Bishop Racing Limited

(Registration number: 12455264)
Balance Sheet as at 28 February 2026

	Note	2026 £	(As restated) 2025 £
Fixed assets
Tangible assets	4	574,904	615,032
Current assets
Stocks	5	42,539	39,447
Debtors	6	48,363	22,853
Cash at bank and in hand		41,009	43,599
		131,911	105,899
Creditors: Amounts falling due within one year	7	(1,121,306)	(1,024,784)
Net current liabilities		(989,395)	(918,885)
Net liabilities		(414,491)	(303,853)
Capital and reserves
Called up share capital		100	100
Retained earnings		(414,591)	(303,953)
Shareholders' deficit		(414,491)	(303,853)

Emma Bishop Racing Limited

(Registration number: 12455264)
Balance Sheet as at 28 February 2026

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 May 2026
 

Mrs Emma Bishop

Director

Emma Bishop Racing Limited

Notes to the Financial Statements for the Year Ended 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 5 Priory Court
Priory Estate
Poulton
Cirencester
GL7 5JB

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Emma Bishop Racing Limited

Notes to the Financial Statements for the Year Ended 28 February 2026

Prior period errors

During the preparation of the 2026 accounts it was noted that historically the share capital of £100 has been omitted from the financial statements. This has been adjusted in the current period, as shown below:

	Relating to the current period disclosed in these financial statements £	Relating to the prior period disclosed in these financial statements £	Relating to periods before the prior period disclosed in these financial statements £
Share capital (credit)	100	100	100
Director loan account (debit)	100	100	100

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% Reducing Balance
Land and buildings	Over 20 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 5

Emma Bishop Racing Limited

Notes to the Financial Statements for the Year Ended 28 February 2026

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2025 - 9).

Emma Bishop Racing Limited

Notes to the Financial Statements for the Year Ended 28 February 2026

4	Tangible assets

	Land and buildings £	Plant and machinery £	Total £
Cost or valuation
At 1 March 2025	682,365	138,779	821,144
Additions	-	5,810	5,810
At 28 February 2026	682,365	144,589	826,954
Depreciation
At 1 March 2025	108,799	97,313	206,112
Charge for the year	34,119	11,819	45,938
At 28 February 2026	142,918	109,132	252,050
Carrying amount
At 28 February 2026	539,447	35,457	574,904
At 28 February 2025	573,566	41,466	615,032

Included within the net book value of land and buildings above is £539,447 (2025 - £573,566) in respect of an arena and paddocks.
 

5

Stocks

	2026 £	2025 £
Other inventories	42,539	39,447

6

Debtors

Current	2026 £	2025 £
Trade debtors	33,297	22,853
Other debtors	15,066	-
	48,363	22,853

Emma Bishop Racing Limited

Notes to the Financial Statements for the Year Ended 28 February 2026

7

Creditors

Creditors: amounts falling due within one year

	2026 £	(As restated) 2025 £
Due within one year
Trade creditors	18,277	422
Taxation and social security	345	1,502
Accruals and deferred income	2,750	3,075
Other creditors	1,099,934	1,019,785
	1,121,306	1,024,784

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100