Edginton Racing Limited


Directors	Kenneth Richard Edginton
	Nicholas Michael Edginton
	Samantha Jane Edginton


Company Secretary	EDGINTON, Samantha Jane


Registered Address	Gulwell House
	Waterlake Road
	Chard
	TA20 2SH


Registered Number	05342221 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		37,747		41,977
			37,747		41,977
Current assets
Debtors		-		19
Cash at bank and on hand		2,471		26
		2,471		45
Creditors amounts falling due within one year	4	(4,665)		(3,214)
Net current assets (liabilities)			(2,194)		(3,169)
Total assets less current liabilities			35,553		38,808
Provisions for liabilities			(6,156)		(6,354)
Net assets			29,397		32,454
Capital and reserves
Called up share capital			100		100
Revaluation reserve			4,050		4,500
Profit and loss account			25,247		27,854
Shareholders' funds			29,397		32,454

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 4 August 2026, and are signed on its behalf by:

Nicholas Michael Edginton
Director
Registered Company No. 05342221

Edginton Racing Limited

Notes to the Financial Statements
for the year ended 31 December 2025

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.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	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. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	10
	Vehicles	25

2.	Average number of employees
	The following average number of employees includes directors.


		2025		2024
	Average number of employees during the year	2		1

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 25	61,275
	At 31 December 25	61,275
	Depreciation and impairment
	At 01 January 25	19,298
	Charge for year	4,230
	At 31 December 25	23,528
	Net book value
	At 31 December 25	37,747
	At 31 December 24	41,977

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	2,289	1,707
Bank borrowings and overdrafts	100	-
Taxation and social security	261	497
Other creditors	887	48
Accrued liabilities and deferred income	1,128	962
Total	4,665	3,214


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.