REGISTERED NUMBER: 10462600 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

CHRISTIAN WILLIAMS RACING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Williams

C E Smith

REGISTERED OFFICE:

Cheribourne House

45A Station Road

Willington

Bedford

Bedfordshire

MK44 3QL

REGISTERED NUMBER:

10462600 (England and Wales)

ACCOUNTANTS:

Baker Noel

Cheribourne House

45A Station Road

Willington

Bedford

Bedfordshire

MK44 3QL

BANKERS:

NatWest

Chatham Customer Service Centre Chatham

Waterside Court Chatham

Maritime

Chatham

ME4 4RT

FIXED ASSETS

Tangible assets

4

153,047

141,700

CURRENT ASSETS

Stocks

141,000

111,276

Debtors

5

184,151

399,730

Cash at bank

272,798

76,816

597,949

587,822

CREDITORS

Amounts falling due within one year

6

285,938

155,114

NET CURRENT ASSETS

312,011

432,708

TOTAL ASSETS LESS CURRENT LIABILITIES

465,058

574,408

CREDITORS

Amounts falling due after more than one year

7

-

(833

)

PROVISIONS FOR LIABILITIES

(32,233

)

(29,250

)

NET ASSETS

432,825

544,325

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

432,725

544,225

432,825

544,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2026 and were signed on its behalf by:

C Williams - Director

1.	STATUTORY INFORMATION

Christian Williams Racing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 Companies Act 2006. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

6% on cost

Plant and machinery etc

-

18% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2024

46,500

206,738

253,238

Additions

3,088

48,267

51,355

At 30 November 2025

49,588

255,005

304,593

DEPRECIATION

At 1 December 2024

22,496

89,042

111,538

Charge for year

2,975

37,033

40,008

At 30 November 2025

25,471

126,075

151,546

NET BOOK VALUE

At 30 November 2025

24,117

128,930

153,047

At 30 November 2024

24,004

117,696

141,700

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 December 2024

and 30 November 2025

47,524

DEPRECIATION

At 1 December 2024

25,663

Charge for year

8,554

At 30 November 2025

34,217

NET BOOK VALUE

At 30 November 2025

13,307

At 30 November 2024

21,861

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

155,463

63,019

Other debtors

28,688

336,711

184,151

399,730

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Hire purchase contracts

833

10,000

Trade creditors

146,481

61,264

Taxation and social security

97,112

70,039

Other creditors

41,512

13,811

285,938

155,114

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Hire purchase contracts

-

833

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2025 and 30 November 2024:

30.11.25

30.11.24

£

£

C Williams and C E Smith

Balance outstanding at start of year

366,711

-

Amounts advanced

-

366,711

Amounts repaid

(366,711

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

366,711