NORTHERN RACING LTD

1. NORTHERN RACING LTD 2007-09-27 → present
2. NORTHERN RACING PLC 2004-06-04 → 2007-09-27
3. CHEPSTOW RACECOURSE PLC(THE) 1925-01-26 → 2004-06-04

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Adler Shine LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having reviewed the company's financial forecasts and expected future cash flows, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the going concern basis has been adopted in preparing the financial statements for the year ended 31 December 2024.”

Group structure

1. NORTHERN RACING LTD · parent
   1. Northem Races Limited 100% · UK
   2. Chepstow Races Limited 100% · UK
   3. Chepstow Markets Limited 100% · UK
   4. Bath Racecourse Company Limited* 100% · UK
   5. Hereford Racecourse Company Limited* 100% · UK
   6. High Gosforth Park Limited* 100% · UK
   7. Uttoxeter Leisure and Development Company Limited* 92.4% · UK
   8. Brighton Racecourse Company Limited* 81% · UK
   9. Sedgefield Steeplechase Company (1972) Limited* 99.9% · UK
   10. Great Yarmouth Racecourse Limited* 81% · UK
   11. Fontwell Park Steeplechase Limited* 100% · UK

Significant events

• “The Company made a loss for the year of £15 (2023: £100).”
• “It's cash balance remained stable over the period and there was no investment in fixed assets this year with other expenditure monitored closely.”
• “The ongoing effects of the conflict in Ukraine on pricing is closely monitored.”
• “In 2024 our Prize Money decision was made in the context of forecasted income levels. The decision was taken to increase Prize Money as the Board considered the views of racing stakeholders, as well as the likely overall economic impact on the industry as a whole.”
• “This year projects were evaluated at Newcastle and Brighton. The projects involve the development of the infrastructure of the racecourse.”
• “During the year, the Board made several key decisions which are considered to be in the interests of the overall success of the company and the wider sport. This year these decisions continued to be centred around ways in which to minimise the impact of the current economic climate in terms of high inflation and rising interest rates on the cost base of the business, and initiatives to support and drive turnover.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -0.8%

  £3,745 → £3,715

• Net assets

  0%

  £54,760,089 → £54,760,074

• Employees

  —

  Not reported

• Operating profit

  +85%

  -£100 → -£15

• Profit before tax

  +85%

  -£100 → -£15

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers