Company registration number 10730029 (England and Wales)
BARC COMMERCIAL LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
BARC COMMERCIAL LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 6
BARC COMMERCIAL LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Non-current assets
Intangible assets
-
0
-
0
Investments
3
1,782,126
1,782,126
Current assets
Trade and other receivables
4
138
32
Current liabilities
5
(1,782,263)
(1,782,157)
Net current liabilities
(1,782,125)
(1,782,125)
Net assets
1
1
Equity
Called up share capital
1
1

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 June 2026 and are signed on its behalf by:
Mr A J Gow
Director
Company registration number 10730029 (England and Wales)
BARC COMMERCIAL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

BARC Commercial Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Thruxton Circuit, Thruxton, Andover, Hampshire, SP11 8PN.

1.1
Accounting convention

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 £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

BARC Commercial Ltd is a wholly owned subsidiary of British Automobile Racing Club Limited and the results of BARC Commercial Ltd are included in the consolidated financial statements of British Automobile Racing Club Limited which are available from Thruxton Circuit, Thruxton, Andover, SP11 8PN.

1.2
Going concern

The company meets its day to day working capital requirements through an inter-company account with its ultimate parent company, the directors of which have confirmed their intention to continue with this support for the twelve months following the signing of these financial statements. The going concern basis is therefore considered to be appropriate and hence the financial statements do not contain any adjustments that might be necessary if this support was withdrawn.true

1.3
Revenue

Turnover represents the income receivable from the provision of management services to other group companies.

1.4
Non-current investments

Interests in subsidiaries, associates and jointly controlled entities 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.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.5
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.

BARC COMMERCIAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position 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 trade and other receivables 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.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payables 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 payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
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.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

BARC COMMERCIAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
2
Employees

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

2025
2024
Number
Number
Total
0
0
3
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
1,782,126
1,782,126
4
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Other receivables
138
32
5
Current liabilities
2025
2024
£
£
Amounts owed to group undertakings
1,777,263
1,777,157
Other payables
5,000
5,000
1,782,263
1,782,157
6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

BARC COMMERCIAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
6
Audit report information
(Continued)
- 5 -
Senior Statutory Auditor:
Robert MacDonald
Statutory Auditor:
Moore (South) LLP
Date of audit report:
30 June 2026
7
Events after the reporting date

Post year end, the company has agreed to sell the share capital of their subsidiary companies BARC (ITMRS) Limited and BARC (Thruxton) Limited to a third party. A draft share purchase agreement has been issued, and both parties are close to finalising the detail and consideration. Because the decision to sell and the negotiations occurred subsequent to the reporting date of 31 December 2025, this transaction is treated as a non-adjusting post balance sheet event.

BARC COMMERCIAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
8
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

A subsidiary company paid £332,500 (20 24 - £287,500) for circuit rent to a director. The amounts outstanding at the balance sheet date were £Nil (20 24- £Nil).

A subsidiary company has made purchases of £14,378 (2024- £20,713) from i5 Software, a business owned by a family member of a director, of which £300 (2024 - £Nil) was outstanding at the balance sheet date.

9
Parent company

The company is under the control of British Automobile Racing Club Limited, a company limited by guarantee and registered in England and Wales. British Automobile Racing Club Limited is the company's immediate and ultimate parent undertaking by virtue of its owning 100% of the company's share capital.

The parent undertaking is not under the control of any individuals or group of individuals but is managed by an elected board of council members. The registered address of the parent undertaking is Thruxton Circuit, Thruxton, Andover, SP11 8PN.

Transactions

The company has taken advantage of the exemption under FRS 102 not to disclose details of related party transactions conducted between entities which are 100% owned within the group. The financial statements of the company are included within the consolidated financial statements of the British Automobile Racing Club Limited, which is the largest and smallest group of undertakings for which consolidated financial statements are drawn up.

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