REGISTERED NUMBER: 13658992 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

LOLA CARS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T A Bechtolsheimer

Mr M K Chetty

SECRETARY:

Ohs Secretaries Limited

REGISTERED OFFICE:

9th Floor 107 Cheapside

London

EC2V 6DN

REGISTERED NUMBER:

13658992 (England and Wales)

FIXED ASSETS

Tangible assets

4

436,971

469,593

Investments

5

2,018,836

2,018,836

2,455,807

2,488,429

CURRENT ASSETS

Stocks

31,852

285,053

Debtors

6

6,617,447

13,158,184

Cash at bank

3,023,425

532,621

9,672,724

13,975,858

CREDITORS

Amounts falling due within one year

7

3,499,913

9,174,297

NET CURRENT ASSETS

6,172,811

4,801,561

TOTAL ASSETS LESS CURRENT LIABILITIES

8,628,618

7,289,990

CAPITAL AND RESERVES

Called up share capital

12,750,845

12,750,845

Retained earnings

(4,122,227

)

(5,460,855

)

8,628,618

7,289,990

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 28 August 2026 and were signed on its behalf by:

Mr T A Bechtolsheimer - Director

1.	STATUTORY INFORMATION

Lola Cars 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.

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Turnover is measured at fair value of the consideration received or receivable from the operation of a racing car team and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales added tax, rebates and discounts.

The company recognises turnover when the amount of turnover can be reliably measured, it is probable that future economic benefits will flow to the entity, and specific criteria have been met for each of the company's activities.

Prize money turnover is recognised at the conclusion of the relevant Formula E season, including conditional elements.

Tangible fixed assets

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

Short leasehold

-

equal instalments over the lease period

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33.33% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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

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.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 October 2024

309,978

189,767

30,567

33,271

563,583

Additions

10,200

1,972

8,538

21,825

42,535

At 30 September 2025

320,178

191,739

39,105

55,096

606,118

DEPRECIATION

At 1 October 2024

24,854

56,385

5,665

7,086

93,990

Charge for year

28,722

26,949

8,130

11,356

75,157

At 30 September 2025

53,576

83,334

13,795

18,442

169,147

NET BOOK VALUE

At 30 September 2025

266,602

108,405

25,310

36,654

436,971

At 30 September 2024

285,124

133,382

24,902

26,185

469,593

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 October 2024

and 30 September 2025

2,018,836

NET BOOK VALUE

At 30 September 2025

2,018,836

At 30 September 2024

2,018,836

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

142,141

2,519,463

Amounts owed by group undertakings

307,205

-

Other debtors

6,168,101

10,638,721

6,617,447

13,158,184

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

762,158

6,796,530

Taxation and social security

1,071

-

Other creditors

2,736,684

2,377,767

3,499,913

9,174,297

8.	RELATED PARTY DISCLOSURES

Mr T A Bechtolsheimer and Mr M K Chetty, directors, are also directors of Lola Performance Technologies Limited. At the end of the period the amount owed by Lola Performance Technologies amounted to £3,049,452 (2024: £1,203,914).

The amount owed to the directors at the end of the period amounted to £500,000 (2024: £Nil).

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr T A Bechtolsheimer.