Acorah Software Products - Accounts Production 19.4.300 false true true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 08895458 Mr Saeed Al-Eida true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08895458 2024-12-31 08895458 2025-12-31 08895458 2025-01-01 2025-12-31 08895458 frs-core:CurrentFinancialInstruments 2025-12-31 08895458 frs-core:ComputerEquipment 2025-12-31 08895458 frs-core:ComputerEquipment 2025-01-01 2025-12-31 08895458 frs-core:ComputerEquipment 2024-12-31 08895458 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 08895458 frs-core:FurnitureFittings 2025-12-31 08895458 frs-core:FurnitureFittings 2025-01-01 2025-12-31 08895458 frs-core:FurnitureFittings 2024-12-31 08895458 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-12-31 08895458 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 08895458 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 08895458 frs-core:MotorVehicles 2025-12-31 08895458 frs-core:MotorVehicles 2025-01-01 2025-12-31 08895458 frs-core:MotorVehicles 2024-12-31 08895458 frs-core:OtherResidualIntangibleAssets 2025-12-31 08895458 frs-core:OtherResidualIntangibleAssets 2024-12-31 08895458 frs-core:OtherReservesSubtotal 2025-12-31 08895458 frs-core:ShareCapital 2025-12-31 08895458 frs-core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 08895458 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 08895458 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 08895458 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 08895458 frs-bus:SmallEntities 2025-01-01 2025-12-31 08895458 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 08895458 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 08895458 1 2025-01-01 2025-12-31 08895458 frs-bus:Director1 2025-01-01 2025-12-31 08895458 frs-countries:EnglandWales 2025-01-01 2025-12-31 08895458 2023-12-31 08895458 2024-12-31 08895458 2024-01-01 2024-12-31 08895458 frs-core:CurrentFinancialInstruments 2024-12-31 08895458 frs-core:OtherReservesSubtotal 2023-12-31 08895458 frs-core:OtherReservesSubtotal 2024-12-31 08895458 frs-core:ShareCapital 2023-12-31 08895458 frs-core:ShareCapital 2024-12-31 08895458 frs-core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 08895458 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-12-31 08895458 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 08895458
Al Shaqab Racing Uk Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
KFS Accountants Limited
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 08895458
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 21,887 27,030
21,887 27,030
CURRENT ASSETS
Debtors 6 5,042,488 6,291,646
Cash at bank and in hand 551,794 2,056,456
5,594,282 8,348,102
Creditors: Amounts Falling Due Within One Year 7 (39,697,914 ) (40,487,051 )
NET CURRENT ASSETS (LIABILITIES) (34,103,632 ) (32,138,949 )
TOTAL ASSETS LESS CURRENT LIABILITIES (34,081,745 ) (32,111,919 )
NET LIABILITIES (34,081,745 ) (32,111,919 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Capital Contribution Reserve 40,545,745 40,545,745
Profit and Loss Account (74,627,491 ) (72,657,665 )
SHAREHOLDERS' FUNDS (34,081,745) (32,111,919)
Page 1
Page 2
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.
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 Saeed Al-Eida
Director
23rd September 2026
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Capital Contribution Reserve Profit and Loss Account Total
£ £ £ £
As at 1 January 2024 1 - (72,268,689 ) (72,268,688)
Loss for the year and total comprehensive income - - (388,976 ) (388,976)
Prior year adjustments - 40,545,745 - 40,545,745
As at 31 December 2024 and 1 January 2025 1 40,545,745 (72,657,665 ) (32,111,919)
Loss for the year and total comprehensive income - - (1,969,826 ) (1,969,826)
As at 31 December 2025 1 40,545,745 (74,627,491 ) (34,081,745)
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Al Shaqab Racing Uk Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08895458 . The registered office is Chilton House, Charnham Lane, Hungerford, Berkshire, RG17 0EY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets included computer software. It is amortised to the profit and loss account over its estimated economic life of 3 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Leasehold 20% Straight Line Method
Motor Vehicles 20% Straight Line Method
Fixtures & Fittings 33% Straight Line Method
Computer Equipment 33% Straight Line Method
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 4
Page 5
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 January 2025 26,887
As at 31 December 2025 26,887
Amortisation
As at 1 January 2025 26,887
As at 31 December 2025 26,887
Net Book Value
As at 31 December 2025 -
As at 1 January 2025 -
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2025 943,899 41,366 28,731 10,170 1,024,166
Additions 3,747 - - - 3,747
As at 31 December 2025 947,646 41,366 28,731 10,170 1,027,913
...CONTINUED
Page 5
Page 6
Depreciation
As at 1 January 2025 943,899 14,484 28,731 10,022 997,136
Provided during the period 469 8,273 - 148 8,890
As at 31 December 2025 944,368 22,757 28,731 10,170 1,006,026
Net Book Value
As at 31 December 2025 3,278 18,609 - - 21,887
As at 1 January 2025 - 26,882 - 148 27,030
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 1,096,131 2,494,445
Due after more than one year
Amounts owed by group undertakings 3,946,357 3,797,201
5,042,488 6,291,646
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 786,309 816,140
Other loans 10,692 15,186
Amounts owed to participating interests 38,139,162 37,259,006
Other creditors 760,844 2,062,147
Taxation and social security 907 334,572
39,697,914 40,487,051
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Transactions
The company discloses transactions with related partes which are not wholly related to the owner. It does not disclose transactions with members of the same wholly owned companies.
10. Ultimate Controlling Party
The ultimate controlling party is Sheik Joaan Bin Hamad Al Thani
Page 6