Radbourne Racing (Wimbledon) Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 01334491 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2016

for

RADBOURNE RACING (WIMBLEDON) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Accountants' Report

6

Directors:

L F Small

Mrs H M Small

Secretary:

L F Small

Registered office:

Aissela

46 High Street

Esher

Surrey

KT10 9QY

Registered number:

01334491 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

Aissela

46 High Street

Esher

Surrey

KT10 9QY

Fixed assets

Investments

3

37,152

37,152

Current assets

Debtors

4

95,065

31,594

Cash at bank

-

63,387

95,065

94,981

Creditors

Amounts falling due within one year

5

9,118

5,265

Net current assets

85,947

89,716

Total assets less current liabilities

123,099

126,868

Capital and reserves

Called up share capital

6

21,500

21,500

Retained earnings

101,599

105,368

Shareholders' funds

123,099

126,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 22 August 2017 and were signed on its behalf by:

L F Small - Director

1.	Statutory information

Radbourne Racing (Wimbledon) Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Radbourne Racing (Wimbledon) Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The company has

taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial

statements.

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.

Fixed asset investments

Investments in associate undertaking are included in the financial statements at cost less accumulated

impairment.

Other investments included in the financial statements consist of a classic motor car which is stated at cost less

accumulated impairment.

3.	Fixed asset investments

Interest in

Other

associate

investments

Totals

£

£

£

Cost

At 1 January 2016

and 31 December 2016

7,150

37,152

44,302

Provisions

At 1 January 2016

and 31 December 2016

7,150

-

7,150

Net book value

At 31 December 2016

-

37,152

37,152

At 31 December 2015

-

37,152

37,152

4.

Debtors: amounts falling due within one year

2016

2015

£

£

Other debtors

94,698

31,311

THRE LTD

243,023

243,023

THRE Provision

(243,023

)

(243,023

)

Prepayments

367

283

95,065

31,594

5.

Creditors: amounts falling due within one year

2016

2015

£

£

Trade creditors

3,163

2,646

Other creditors

803

619

Directors' current accounts

3,402

-

Accruals and deferred income

1,750

2,000

9,118

5,265

6.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

20,100

Ordinary

£1

20,100

20,100

1,400

Ordinary "B"

£1

1,400

1,400

21,500

21,500

7.	Related party disclosures

8.	First year adoption

This is the first year that the company has presented its results under FRS 102. The last financial statements

under UK GAAP were for the year ended 31 December 2015. The date of transition to FRS 102 was 1 January

2016. There have been no resulting changes of accounting policy as a result of the transition to FRS 102 and

no subsequent remeasurements or reclassifications of items in the profit and loss or the balance sheet therefore

no further reconciliation is required.

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Radbourne Racing (Wimbledon) Limited for the year ended 31 December 2016 which

comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Radbourne Racing (Wimbledon) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Radbourne Racing (Wimbledon) Limited and state those matters that we have agreed to state to the Board of Directors of Radbourne Racing (Wimbledon) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Radbourne Racing (Wimbledon) Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Radbourne Racing (Wimbledon) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Radbourne Racing (Wimbledon) Limited. You consider that Radbourne Racing (Wimbledon) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Radbourne Racing (Wimbledon) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts

Chartered Accountants

Aissela

46 High Street

Esher

Surrey

KT10 9QY

25 August 2017