HALE RACING LIMITED


Directors	HALE, Richard Andrew
	HALE, Sarah


Company Secretary	HALE, Sarah


Registered Address	Inglenook Barn
	Culgaith
	Penrith
	CA10 1QL


Registered Number	04360717 (England and Wales)

Statement of Financial Position
31 January 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		486,684		505,391
Investments	4		20,000		11,000
			506,684		516,391
Current assets
Debtors		26,717		22,076
Cash at bank and on hand		25,784		25,246
		52,501		47,322
Creditors amounts falling due within one year	5	(87,156)		(122,144)
Net current assets (liabilities)			(34,655)		(74,822)
Total assets less current liabilities			472,029		441,569
Provisions for liabilities	6		(9,400)		(12,800)
Net assets			462,629		428,769
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			461,629		427,769
Shareholders' funds			462,629		428,769

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 27 July 2026, and are signed on its behalf by:

HALE, Richard Andrew
Director

HALE, Sarah
Director

Registered Company No. 04360717

HALE RACING LIMITED

Notes to the Financial Statements
for the year ended 31 January 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Plant and machinery	25	-
Vehicles	25	-

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Total
	£	£	£	£
Cost or valuation
At 01 February 25	519,773	268,458	44,995	833,226
At 31 January 26	519,773	268,458	44,995	833,226
Depreciation and impairment
At 01 February 25	65,940	259,082	2,813	327,835
Charge for year	-	18,707	-	18,707
At 31 January 26	65,940	277,789	2,813	346,542
Net book value
At 31 January 26	453,833	(9,331)	42,182	486,684
At 31 January 25	453,833	9,376	42,182	505,391

4.	Fixed asset investments
	Investments - race horses

	Other investments¹	Total
	£	£
Cost or valuation
At 01 February 25	11,000	11,000
Additions	5,000	5,000
Revaluations	4,000	4,000
At 31 January 26	20,000	20,000
Net book value
At 31 January 26	20,000	20,000
At 31 January 25	11,000	11,000

	Notes
	¹Other investments other than loans

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	705	2,352
Taxation and social security	45,523	25,818
Other creditors	37,208	90,464
Accrued liabilities and deferred income	3,720	3,510
Total	87,156	122,144

6.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	9,400	12,800
Total	9,400	12,800

7.	Related party transactions
	On 1 February 2025 the Directors owed the company £nil. During the period the directors were advanced £61,283 and repaid £98,491. At 31 January 2026 the Company owed the Directors £37,208. Interest of £249 has been calculated and charged on this loan using HM Revenue and Customs official rate for beneficial loan arrangements.