Registration number: 07989402

ADD Motorsports Limited

Contents

Company Information	1
Directors' Report	2
Accountants' Report	3
Abridged Balance Sheet	4 to 5
Notes to the Unaudited Abridged Financial Statements	6 to 10

ADD Motorsports Limited

Company Information

Directors

Mr M P Berryman Mr F J Sheader

Registered office

12 Coxwell Street Cirencester Gloucestershire England GL7 2BH

Accountants

Abtax CA Limited Certified AccountantThe Joiners Shop The Historic Dockyard Main Gate Road Chatham Kent ME4 4TZ

ADD Motorsports Limited

Directors' Report for the Year Ended 31 March 2026

The directors present their report and the abridged financial statements for the year ended 31 March 2026.

Directors of the company

The directors who held office during the year were as follows:

Mr M P Berryman

Mr F J Sheader

Principal activity

The principal activity of the company is Motor racing consultancy

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 9 June 2026 and signed on its behalf by:
 

......................................... Mr M P Berryman Director

......................................... Mr F J Sheader Director

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
ADD Motorsports Limited
for the Year Ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ADD Motorsports Limited for the year ended 31 March 2026 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of ADD Motorsports Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of ADD Motorsports Limited and state those matters that we have agreed to state to the Board of Directors of ADD Motorsports Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ADD Motorsports Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that ADD Motorsports Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of ADD Motorsports Limited. You consider that ADD Motorsports Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of ADD Motorsports Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Abtax CA Limited
Certified Accountant
The Joiners Shop The Historic Dockyard
Main Gate Road
Chatham
Kent
ME4 4TZ

9 June 2026

ADD Motorsports Limited

(Registration number: 07989402)
Abridged Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	-	4,299
Other financial assets	5	88,657	88,657
		88,657	92,956
Current assets
Debtors		160,765	276,062
Cash at bank and in hand		210,621	157,400
		371,386	433,462
Creditors: Amounts falling due within one year		(413,067)	(476,167)
Net current liabilities		(41,681)	(42,705)
Net assets		46,976	50,251
Capital and reserves
Called up share capital	6	2	2
Retained earnings		46,974	50,249
Shareholders' funds		46,976	50,251

For the financial year ending 31 March 2026 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 year in question in accordance with section 476; and
•	The directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

ADD Motorsports Limited

(Registration number: 07989402)
Abridged Balance Sheet as at 31 March 2026

Approved and authorised by the Board on 9 June 2026 and signed on its behalf by:
 

.........................................

Mr M P Berryman

Director

.........................................

Mr F J Sheader

Director

ADD Motorsports Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

1	General information

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

The address of its registered office is:
12 Coxwell Street
Cirencester
Gloucestershire
GL7 2BH
England

These financial statements were authorised for issue by the Board on 9 June 2026.

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 abridged 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 abridged 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.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

ADD Motorsports Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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
Office Equipment	33.33% SLB

Investments

Add Motorsports made an investment of £49,993 in Kindred Concept Limited in exchange for 1,238 number of D ordinary shares. A further investment was made in Sake Ono LLC on the 3rd of July 2024 of 38,663.78 ($50,000)

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.

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.

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.

ADD Motorsports Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

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 directors) during the year, was 0 (2025 - 0).

ADD Motorsports Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2025	12,897	12,897
At 31 March 2026	12,897	12,897
Depreciation
At 1 April 2025	8,597	8,597
Charge for the year	4,300	4,300
At 31 March 2026	12,897	12,897
Carrying amount
At 31 March 2026	-	-
At 31 March 2025	4,299	4,299

5	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2025	88,657	88,657
At 31 March 2026	88,657	88,657
Impairment
Carrying amount
At 31 March 2026	88,657	88,657

6	Share capital

Allotted, called up and fully paid shares

ADD Motorsports Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2

7	Related party transactions

Summary of transactions with other related parties

Team JRP Limited Loan received from Team Jrp in the year was ( Nil) , in 2024 £100,000. Team JRP owes the company £4,524.