REGISTERED NUMBER: 03825899 (England and Wales)

GREYHOUND EVENTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms L Morris

S D Bennett

REGISTERED OFFICE:

National Greyhound Centre

Peeks Brook Lane

Horley

Surrey

RH6 9SX

REGISTERED NUMBER:

03825899 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Lake House

2 Port Way

Port Solent

Portsmouth

Hampshire

PO6 4TY

CURRENT ASSETS

Stocks

66,205

13,559

Debtors

5

32,078

38,286

Cash at bank

49,532

13,717

147,815

65,562

CREDITORS

Amounts falling due within one year

6

168,712

47,846

NET CURRENT (LIABILITIES)/ASSETS

(20,897

)

17,716

TOTAL ASSETS LESS CURRENT LIABILITIES

(20,897

)

17,716

CREDITORS

Amounts falling due after more than one year

7

-

70,000

NET LIABILITIES

(20,897

)

(52,284

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(20,899

)

(52,286

)

(20,897

)

(52,284

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 7 September 2026 and were signed on its behalf by:

Ms L Morris - Director

1.	STATUTORY INFORMATION

Greyhound Events Ltd 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.

Critical accounting judgements and key sources of estimation uncertainty

he directors have considered the accounting policies adopted in the preparation of the financial statements and confirm that there are no judgements (apart from those involving estimations) that have had a significant effect on the amounts recognised in the financial statements.

In addition, there are no key assumptions concerning the future, or other key sources of estimation uncertainty, that would be expected to have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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.

Plant and machinery etc

-

20% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Impairment of fixed assets

At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss.

Stocks

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

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors

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

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors

Short term trade creditors are measured at the 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

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

2,132

DEPRECIATION

At 1 January 2025

and 31 December 2025

2,132

NET BOOK VALUE

At 31 December 2025

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

24,218

12,085

Other debtors

7,860

26,201

32,078

38,286

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

60,299

22,720

Amounts owed to group undertakings

92,279

19,829

Taxation and social security

9,248

-

Other creditors

6,886

5,297

168,712

47,846

Included within amounts owed to group undertakings is a debenture amount which becomes payable within the next financial year. It is unsecured and carries interest at a rate of 3.5% per annum. The rest of the balance is unsecured and bear no interest.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

-

70,000

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due between one and two years:

Debentures - 1-2 years

-

70,000

During the year ended 31 December 2021, £70,000 of the intercompany balance payable was converted into a debenture with the Company’s parent charitable company.

This debenture agreement is for 5 years from 1st January 2021 at an interest rate of 3.5% per annum. The loan is unsecured.

9.	RELATED PARTY DISCLOSURES

During the year ended 31 December 2021, £70,000 of the intercompany balance payable was converted into a debenture with the Company’s parent charitable company.

The debenture agreement commenced on 1 January 2021 and is for a term of five years. It is unsecured and carries interest at a rate of 3.5% per annum. The debentures will become payable on 1 January 2026.

Interest charged on the debenture during the year amounted to £2,450.

At the year end, the balance outstanding on the debenture was £70,000 (2024: £70,000).

At the year end, accrued interest payable amounted to £2,450 (2024: £2,450).

10.	ULTIMATE CONTROLLING PARENT

The entity is a fully owned subsidiary of the charity Greyhound Trust (Registration No: 269668 and SC044047) which is also regarded as the ultimate cotrolling parent charity with a registered address at National Greyhound Centre, Peeks Brook Lane, Horley, Surrey, RH6 9SX