Ultimate Racing UK Limited
Ultimate Racing UK Limited
Registered number: 07067949
Financial Statements
For The Year Ended
31 December 2020
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Ultimate Racing UK Limited
Balance Sheet
As at
31 December 2020
Balance Sheet
Registered number:
07067949
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Fixed assets |
|
|
|
| Current assets |
|
|
|
| Creditors: Amounts Falling Due Within One Year |
( |
( |
|
| NET CURRENT LIABILITIES |
( |
( |
|
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
|
| Accruals and deferred income |
( |
( |
|
| NET LIABILITIES |
( |
( |
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| CAPITAL AND RESERVES |
( |
( |
|
Notes
1.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2019: 1)
2.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at
|
Amounts advanced | Amounts repaid | Amounts written off | As at
|
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Ian Drake |
|
|
|
- |
|
The above loan is unsecured and repayable on demand. Interest is accruing at 3.25% pa
3.
Going Concern
The directors have considered the impact of COVID-19 in relation to their assessment of going concern and in their opinion have taken all reasonable steps to mitigate these factors. As at the point of authorising the accounts, and for the foreseeable future, the directors consider the going concern assumption to still be appropriate. The directors acknowledge that given the currently rapidly changing business and social environment, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the directors to represent a general inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time.
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Ultimate Racing UK Limited
Balance Sheet (continued)
As at
31 December 2020
4.
General Information
Ultimate Racing UK Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
07067949
. The registered office is Slates, Grendon Road, Edgcott, Bucks, HP18 0TN.
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
|
Director
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