Sam Neser Racing Limited

Sam Neser Racing Limited
Contents Page
For the Period 01 October 2024 to 31 October 2025

Statement of Financial Position	1
Notes to the Financial Statements	2

Sam Neser Racing Limited
Statement of Financial Position
As at 31 October 2025

	Notes	2025 £
Fixed assets
Tangible fixed assets	3	1,129
		1,129
Current assets
Debtors		768
Cash at bank and in hand		181
		949
Creditors: amount falling due within one year		(239,370)
Net current assets		(238,421)

Total assets less current liabilities		(237,292)
Net assets		(237,292)

Capital and reserves
Profit and loss account		(237,292)
Shareholders' funds		(237,292)

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period 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 accounts.

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, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 09 June 2026 and were signed on its behalf by:

-------------------------------
Jacques Neser
Director

1

Sam Neser Racing Limited
Notes to the Abridged Financial Statements
For the Period 01 October 2024 to 31 October 2025

General Information

Sam Neser Racing Limited is a private company, limited by shares, registered in England and Wales, registration number 15988501, registration address C/O Jermyn & Co, Unit 3 Hill Farm, Kirby Road, Kirby Bedon, Norwich, Norfolk, NR14 7DU.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

25% Reducing Balance

2.	Average number of employees Average number of employees during the period was 0.

3.

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 October 2024	-	-
Additions	1,505	1,505
Disposals	-	-
At 31 October 2025	1,505	1,505
Depreciation
At 01 October 2024	-	-
Charge for period	376	376
On disposals	-	-
At 31 October 2025	376	376
Net book values
Closing balance as at 31 October 2025	1,129	1,129
Opening balance as at 01 October 2024	-	-

4.

Share Capital

Allotted, called up and fully paid	2025 £
100 Ordinary shares of £1.00 each	100
	100

2

Registered Number: 15988501
England and Wales
SAM NESER RACING LIMITED

Abridged Accounts

Period of accounts Start date: 01 October 2024 End date: 31 October 2025