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Company Registration No. 11181652 (England and Wales)
Virtual Reality Racing Club Ltd Unaudited accounts for the year ended 28 February 2026
Virtual Reality Racing Club Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Virtual Reality Racing Club Ltd Company Information for the year ended 28 February 2026
Directors
Richard Patrick Hayden Richard Patrick Hayden
Company Number
11181652 (England and Wales)
Registered Office
Soulbury Road Farm Burcott Leighton Buzzard Bedfordshire LU7 0JP England
Accountants
Barbara Krzyczmonik 45 Matheson Road Southampton - SO16 8GS
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Virtual Reality Racing Club Ltd Statement of financial position as at 28 February 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
30,681
3,499
Current assets
Debtors
5
(2,480)
(553)
Cash at bank and in hand
10,786
2,232
8,306
1,679
Creditors: amounts falling due within one year
6
(82,333)
(79,311)
Net current liabilities
(74,027)
(77,632)
Total assets less current liabilities
(43,346)
(74,133)
Creditors: amounts falling due after more than one year
7
(38,536)
(10,016)
Provisions for liabilities
Deferred tax
8
(5,829)
(665)
Net liabilities
(87,711)
(84,814)
Capital and reserves
Called up share capital
1
1
Profit and loss account
(87,712)
(84,815)
Shareholders' funds
(87,711)
(84,814)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2026 and were signed on its behalf by
Richard Patrick Hayden Director Company Registration No. 11181652
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Virtual Reality Racing Club Ltd Notes to the Accounts for the year ended 28 February 2026
1
Statutory information
Virtual Reality Racing Club Ltd is a private company, limited by shares, registered in England and Wales, registration number 11181652. The registered office is Soulbury Road Farm, Burcott, Leighton Buzzard, Bedfordshire, LU7 0JP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
Turnover
Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation. When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.
Going concern
At the year end the company had net current liabilities of £118,392 that were due to amounts owed to the director and newly taken out hire purchase contract. However, in the opinion of the director the company will have sufficient working capital to meet all liabilities as they fall due. Consequently the financial statements have been prepared on a going concern basis.
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Virtual Reality Racing Club Ltd Notes to the Accounts for the year ended 28 February 2026
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 March 2025
-
3,185
17,315
20,500
Additions
32,211
536
-
32,747
Disposals
-
(1,201)
(5,125)
(6,326)
At 28 February 2026
32,211
2,520
12,190
46,921
Depreciation
At 1 March 2025
-
2,280
14,721
17,001
Charge for the year
3,817
177
467
4,461
On disposals
-
(821)
(4,401)
(5,222)
At 28 February 2026
3,817
1,636
10,787
16,240
Net book value
At 28 February 2026
28,394
884
1,403
30,681
At 28 February 2025
-
905
2,594
3,499
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
(2,480)
(1,194)
Accrued income and prepayments
-
641
(2,480)
(553)
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
2,489
2,203
VAT
1,075
17
Obligations under finance leases and hire purchase contracts
4,989
-
Loans from directors
73,197
75,416
Accruals
583
1,675
82,333
79,311
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
7,488
10,016
Obligations under finance leases and hire purchase contracts
31,048
-
38,536
10,016
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Virtual Reality Racing Club Ltd Notes to the Accounts for the year ended 28 February 2026
8
Deferred taxation
2026
2025
£
£
Accelerated capital allowances
5,829
665
2026
2025
£
£
Provision at start of year
665
443
Charged to the profit and loss account
5,164
222
Provision at end of year
5,829
665
9
Average number of employees
During the year the average number of employees was 1 (2025: 1).
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