REGISTERED NUMBER: OC401988 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

ED DE GILES RACING LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

E B De Giles

Mrs C R De Giles

REGISTERED OFFICE:

Chargrove House

Shurdington Road

Cheltenham

Glos

GL51 4GA

REGISTERED NUMBER:

OC401988 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Tangible assets

4

373,843

313,251

CURRENT ASSETS

Stocks

7,400

7,400

Debtors

5

60,392

63,287

Cash at bank

2,462

-

70,254

70,687

CREDITORS

Amounts falling due within one year

6

129,775

91,303

NET CURRENT LIABILITIES

(59,521

)

(20,616

)

TOTAL ASSETS LESS CURRENT LIABILITIES

314,322

292,635

CREDITORS

Amounts falling due after more than one year

7

-

1,667

NET ASSETS ATTRIBUTABLE TO MEMBERS

314,322

290,968

LOANS AND OTHER DEBTS DUE TO MEMBERS

314,322

290,968

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

314,322

290,968

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2026.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 18 August 2026 and were signed by:

E B De Giles - Designated member

Mrs C R De Giles - Designated member

1.	STATUTORY INFORMATION

Ed De Giles Racing LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The members have considered the risks and issues concerning the LLP and it's activities and no material uncertainties that may cast significant doubt about the LLPs ability of the company to continue as a going concern have been identified by the members.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

307,135

2,095

32,167

1,673

343,070

Additions

-

-

62,350

666

63,016

Disposals

-

-

-

(591

)

(591

)

At 31 March 2026

307,135

2,095

94,517

1,748

405,495

DEPRECIATION

At 1 April 2025

563

524

27,330

1,402

29,819

Charge for year

281

393

1,294

185

2,153

Eliminated on disposal

-

-

-

(320

)

(320

)

At 31 March 2026

844

917

28,624

1,267

31,652

NET BOOK VALUE

At 31 March 2026

306,291

1,178

65,893

481

373,843

At 31 March 2025

306,572

1,571

4,837

271

313,251

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

55,773

60,396

VAT

1,361

-

Prepayments & Accrued income

3,258

2,891

60,392

63,287

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

1,667

28,748

Trade creditors

123,092

49,613

Social security and other taxes

(238

)

396

Pension

-

116

VAT

-

7,830

Other creditors

424

-

Accrued expenses

4,830

4,600

129,775

91,303

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

1,667

8.	CONTINGENT LIABILITIES

The LLP is a member of a VAT group. The VAT liability shown in these financial statements reflects the liability pertaining to Ed De Giles Racing LLP only however, Ed De Giles Racing LLP is joint and severally liable for any VAT liability owed by the group.

9.	RANKING ON WINDING UP

In the event of the LLP winding up, creditors interests will be met first and interests of the members will be met last.