Motorsport Partnership Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06138154

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		8,374		11,166

			8,374		11,166
CURRENT ASSETS
Stocks	5	-		32,500
Debtors	6	16,137		13,714

		16,137		46,214
Creditors: Amounts Falling Due Within One Year	7	(143,418 )		(99,680 )

NET CURRENT ASSETS (LIABILITIES)			(127,281 )		(53,466 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(118,907 )		(42,300 )

Creditors: Amounts Falling Due After More Than One Year	8		(423,319 )		(429,246 )

NET LIABILITIES			(542,226 )		(471,546 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(542,326 )		(471,646 )

SHAREHOLDERS' FUNDS			(542,226)		(471,546)

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Motorsport Partnership Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Jonathon Kirtley

Director

03/09/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Motorsport Partnership Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06138154 . The registered office is Abbots Cottage, Abbots Way, Guildford, GU1 2XP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	100% Straight line
Motor Vehicles	100% Straight line
Computer Equipment	50% Straight line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2026	2025
Office and administration	1	1

	1	1

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Motorsport Partnership Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	21,226	1,757	3,805	26,788
Additions	-	26,870	-	26,870

As at 31 March 2026	21,226	28,627	3,805	53,658

Depreciation
As at 1 April 2025	10,060	1,757	3,805	15,622
Provided during the period	2,792	26,870	-	29,662

As at 31 March 2026	12,852	28,627	3,805	45,284

Net Book Value
As at 31 March 2026	8,374	-	-	8,374

As at 1 April 2025	11,166	-	-	11,166

5. Stocks

	2026	2025
	£	£
Work in progress	-	32,500

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	12,565	13,642
VAT	3,572	72

	16,137	13,714

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	21,589	25,881
Bank loans and overdrafts	17,545	23,011
Unpaid Rent	5,590	5,954
Accruals and deferred income	1,625	1,575
Government grants within one year	1,689	6,662
Director's loan account	95,380	36,597

	143,418	99,680

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Motorsport Partnership Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	20,748	-
Accruals and deferred income	-	1,675
Director's loan account	228,159	253,159
Amounts owed to related parties	174,412	174,412

	423,319	429,246

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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