REGISTERED NUMBER: 00061171 (England and Wales)

Financial Statements

for the Year Ended 31 March 2026

for

Ripon Race Company Limited(The)

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C N Clark

A M Hutchinson

J M Hutchinson

A T S Wells

N R Armstrong

C L Wallis

SECRETARY:

A M Hutchinson

REGISTERED OFFICE:

77 North Street

Ripon

North Yorkshire

HG4 1DS

REGISTERED NUMBER:

00061171 (England and Wales)

SENIOR STATUTORY AUDITOR:

Phillipa Symington ACA CA(SA)

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

Oak Tree House, Harwood Road

Northminster Business Park

Upper Poppleton

York

YO26 6QU

FIXED ASSETS

Tangible assets

4

3,418,124

3,245,816

Investments

5

1,858

1,854

3,419,982

3,247,670

CURRENT ASSETS

Debtors

6

250,049

391,824

Cash at bank and in hand

453,282

500,778

703,331

892,602

CREDITORS

Amounts falling due within one year

7

(389,251

)

(402,825

)

NET CURRENT ASSETS

314,080

489,777

TOTAL ASSETS LESS CURRENT LIABILITIES

3,734,062

3,737,447

CREDITORS

Amounts falling due after more than one year

8

(270,000

)

(270,000

)

PROVISIONS FOR LIABILITIES

9

(151,297

)

(130,563

)

ACCRUALS AND DEFERRED INCOME

10

(736,318

)

(752,497

)

NET ASSETS

2,576,447

2,584,387

CAPITAL AND RESERVES

Called up share capital

11

49,928

49,928

Retained earnings

2,526,519

2,534,459

SHAREHOLDERS' FUNDS

2,576,447

2,584,387

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2026 and were signed on its behalf by:

J M Hutchinson - Director

1.	STATUTORY INFORMATION

Ripon Race Company Limited(The) 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption

All transactions entered into with companies under common control were concluded under normal market conditions, therefore no further disclosure is necessary in accordance with FRS102 Section 1A.

Turnover

Turnover represents the net value of goods and services sold during the period, excluding value added tax.

Income recognition

Sales are recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the service have been transferred to the customer. Income invoiced, or received, in respect of the forthcoming racing season is included in deferred income.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets, other than freehold land, over their expected useful lives, using the straight-line method. The rates applicable are:

Freehold property

- 2% on cost

Plant and machinery

- 20% on reducing balance

Fixtures and fittings

- 20% on reducing balance

Motor vehicles

- 25% on reducing balance

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in the Profit and Loss Account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Horseracing betting levy board and other grants

Revenue grants are written off against the relevant expenses. Capital grants are shown as provisions for liabilities and charges. Capital grants are released over the life of the relevant asset purchased.

Investments

Investments held as fixed assets are stated at cost less provision for any impairment in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2025 - 53 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2025

4,411,705

955,352

578,226

45,450

5,990,733

Additions

286,496

1,635

21,707

-

309,838

At 31 March 2026

4,698,201

956,987

599,933

45,450

6,300,571

DEPRECIATION

At 1 April 2025

1,386,589

868,455

451,670

38,203

2,744,917

Charge for year

90,766

17,605

27,348

1,811

137,530

At 31 March 2026

1,477,355

886,060

479,018

40,014

2,882,447

NET BOOK VALUE

At 31 March 2026

3,220,846

70,927

120,915

5,436

3,418,124

At 31 March 2025

3,025,116

86,897

126,556

7,247

3,245,816

Expenditure of £253,419 was incurred in relation to capital additions which has been classified as repairs and maintenance.

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2025

1,854

Additions

4

At 31 March 2026

1,858

NET BOOK VALUE

At 31 March 2026

1,858

At 31 March 2025

1,854

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

49,171

45,465

Other debtors

33,923

130,320

Prepayments and accrued income

166,955

216,039

250,049

391,824

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

52,344

54,693

Taxation and social security

21,988

22,852

Other creditors

1,383

74,308

Accruals and deferred income

313,536

250,972

389,251

402,825

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other loans

270,000

270,000

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

151,297

130,563

Deferred

tax

£

Balance at 1 April 2025

130,563

Provided during year

20,734

Balance at 31 March 2026

151,297

10.	ACCRUALS AND DEFERRED INCOME

2026

2025

£

£

Capital grant

736,318

752,497

736,318

752,497

Capital grant

2026

2025

£

£

Balance as at 1 April 2025

752,497

771,317

Grants released during year

(16,179

)

(18,820

)

Balance at 31 March 2026

736,318

752,497

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

49,928

Ordinary

£1

49,928

49,928

Called up share capital - represents the nominal value of shares that have been issued.

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Phillipa Symington ACA CA(SA) (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

13.	CAPITAL COMMITMENTS

2026

2025

£

£

Contracted but not provided for in the

financial statements

36,950

75,741