REGISTERED NUMBER: 11249682 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

FOR

GREENACRES RACING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs F Shaw

A Shaw

REGISTERED OFFICE:

The Old Station Yard

Green Road

Newmarket

Suffolk

CB8 9WT

REGISTERED NUMBER:

11249682 (England and Wales)

ACCOUNTANTS:

NKT Accountants

11 Kings Court

Willie Snaith Road

Newmarket

Suffolk

CB8 7SG

FIXED ASSETS

Tangible assets

4

214,173

238,573

CURRENT ASSETS

Stocks

60,000

78,000

Debtors

5

9,050

-

Cash at bank

812

794

69,862

78,794

CREDITORS

Amounts falling due within one year

6

430,987

461,431

NET CURRENT LIABILITIES

(361,125

)

(382,637

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(146,952

)

(144,064

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(146,962

)

(144,074

)

(146,952

)

(144,064

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 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 8th September 2026 and were signed on its behalf by:

Mrs F Shaw - Director

1.	STATUTORY INFORMATION

Greenacres 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.

Although the company was insolvent at the Balance Sheet date the accounts have been prepared on the going concern basis. The company is dependent upon the continued support of the directors.

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.

Improvements to property

-

10% on cost

Plant and machinery

-

20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

Computer

property

property

machinery

equipment

Totals

£

£

£

£

£

COST

At 1st April 2025

103,083

203,925

89,091

2,938

399,037

Additions

-

-

2,238

-

2,238

At 31st March 2026

103,083

203,925

91,329

2,938

401,275

DEPRECIATION

At 1st April 2025

-

97,865

59,661

2,938

160,464

Charge for year

-

20,400

6,238

-

26,638

At 31st March 2026

-

118,265

65,899

2,938

187,102

NET BOOK VALUE

At 31st March 2026

103,083

85,660

25,430

-

214,173

At 31st March 2025

103,083

106,060

29,430

-

238,573

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Other debtors

9,050

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Trade creditors

3,907

2,708

Taxation and social security

568

3,023

Other creditors

426,512

455,700

430,987

461,431

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2026 and 31st March 2025:

31/3/26

31/3/25

£

£

Mrs F Shaw and A Shaw

Balance outstanding at start of year

(67,142

)

(95,838

)

Amounts advanced

-

53,093

Amounts repaid

-

(24,397

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(67,142

)