Company registration number 05656947 (England and Wales)
RACING SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
RACING SERVICES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
RACING SERVICES LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2026
31 January 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
3
1,048,924
640,696
Investments
4
972,060
951,489
2,020,984
1,592,185
Current assets
Stocks
135,231
135,231
Debtors
5
7,988,257
7,988,015
Cash at bank and in hand
11,439
142,121
8,134,927
8,265,367
Creditors: amounts falling due within one year
6
(2,595,326)
(2,413,137)
Net current assets
5,539,601
5,852,230
Total assets less current liabilities
7,560,585
7,444,415
Provisions for liabilities
(212,521)
(212,521)
Net assets
7,348,064
7,231,894
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
7,347,064
7,230,894
Total equity
7,348,064
7,231,894
RACING SERVICES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2026
31 January 2026
- 2 -

For the financial year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 23 July 2026
A M Newey
Director
Company registration number 05656947 (England and Wales)
RACING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
- 3 -
1
Accounting policies
Company information

Racing Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 82 St John Street, London, England, EC1M 4JN.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
2-33% straight line
Fixtures and fittings
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests other than loans are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

RACING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, fixed asset investment loans and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

RACING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including trade creditors and other creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
1
1
RACING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 6 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2025
740,321
Additions
430,676
At 31 January 2026
1,170,997
Depreciation and impairment
At 1 February 2025
99,625
Depreciation charged in the year
22,448
At 31 January 2026
122,073
Carrying amount
At 31 January 2026
1,048,924
At 31 January 2025
640,696
4
Fixed asset investments
2026
2025
£
£
Other investments other than loans
332,060
311,489
Loans
640,000
640,000
972,060
951,489
Movements in fixed asset investments
Investments
Loans
Total
£
£
£
Cost or valuation
At 1 February 2025
311,489
640,000
951,489
Additions
20,571
-
20,571
At 31 January 2026
332,060
640,000
972,060
Carrying amount
At 31 January 2026
332,060
640,000
972,060
At 31 January 2025
311,489
640,000
951,489
RACING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 7 -
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
15,000
15,000
Other debtors
7,973,257
7,973,015
7,988,257
7,988,015
6
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
253,323
71,134
Other creditors
2,342,003
2,342,003
2,595,326
2,413,137

Other creditors includes £2,335,418 (2025: £2,335,418) owed to the director, see note 8.

7
Related party transactions

At 31 December 2025, the company was owed £7,911,000 (2024: £7,911,000) by Emerson Pub Co Limited, a company under common control. The balance is unsecured, interest-free and repayable on demand.

8
Director's transactions
Description
% Rate
Opening balance
Closing balance
£
£
Loan from Director
-
2,335,418
2,335,418
2,335,418
2,335,418
2026-01-31 2025-02-01 false false false 31 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity A M Newey 05656947 2025-02-01 2026-01-31 05656947 2026-01-31 05656947 2025-01-31 05656947 core:OtherPropertyPlantEquipment 2026-01-31 05656947 core:OtherPropertyPlantEquipment 2025-01-31 05656947 core:CurrentFinancialInstruments core:WithinOneYear 2026-01-31 05656947 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 05656947 core:CurrentFinancialInstruments 2026-01-31 05656947 core:CurrentFinancialInstruments 2025-01-31 05656947 core:ShareCapital 2026-01-31 05656947 core:ShareCapital 2025-01-31 05656947 core:RetainedEarningsAccumulatedLosses 2026-01-31 05656947 core:RetainedEarningsAccumulatedLosses 2025-01-31 05656947 bus:Director1 2025-02-01 2026-01-31 05656947 core:PlantMachinery 2025-02-01 2026-01-31 05656947 core:FurnitureFittings 2025-02-01 2026-01-31 05656947 2024-02-01 2025-01-31 05656947 core:OtherPropertyPlantEquipment 2025-01-31 05656947 core:OtherPropertyPlantEquipment 2025-02-01 2026-01-31 05656947 core:Non-currentFinancialInstruments 2026-01-31 05656947 core:Non-currentFinancialInstruments 2025-01-31 05656947 bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 05656947 bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 05656947 bus:FRS102 2025-02-01 2026-01-31 05656947 bus:AuditExemptWithAccountantsReport 2025-02-01 2026-01-31 05656947 bus:FullAccounts 2025-02-01 2026-01-31 xbrli:pure xbrli:shares iso4217:GBP