RL Motorsport Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI622169

RL MOTORSPORT LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2025

RL MOTORSPORT LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2025

	2025		2024
Note	£	£	£

Current assets

Cash at bank and in hand	27		147

Creditors: amounts falling due within one year	5	50,202		47,871
		--------		--------
Net current liabilities			50,175	47,724
			--------	--------
Total assets less current liabilities			( 50,175)	( 47,724)

Creditors: amounts falling due after more than one year	6		7,287	8,827

Provisions

Taxation including deferred tax	( 205)	( 205)
	--------	--------
Net liabilities	( 57,257)	( 56,346)
	--------	--------

Capital and reserves

Called up share capital	7	100	100
Profit and loss account		( 57,357)	( 56,446)
		--------	--------
Shareholders deficit		( 57,257)	( 56,346)
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

RL MOTORSPORT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 28 July 2026 , and are signed on behalf of the board by:

Mr R Lyons

Director

Company registration number: NI622169

RL MOTORSPORT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland.

The address of the registered office is C/O Flannigan Edmonds Bannon, 26

Linenhall Street, Belfast, BT2 8BG, Northern Ireland.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures & fittings	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 January 2025	9,259	9,259
Disposals	( 9,259)	( 9,259)
	-------	-------
At 31 December 2025	–	–
	-------	-------
Depreciation
At 1 January 2025	9,259	9,259
Disposals	( 9,259)	( 9,259)
	-------	-------
At 31 December 2025	–	–
	-------	-------
Carrying amount
At 31 December 2025	–	–
	-------	-------
At 31 December 2024	–	–
	-------	-------

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	7,458	7,477
Other creditors	42,744	40,394
	--------	--------
	50,202	47,871
	--------	--------

6. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	7,287	8,827
	-------	-------

7. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

8. Directors' advances, credits and guarantees

The company was under the control of Mr Richard Lyons throughout the current and previous year. Mr Richard Lyons is a director and the majority shareholder.