NATIONAL HORSERACING MUSEUM(THE)

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

Consolidated group

Auditor

Larking Gowen LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After reviewing these forecasts and projections, with the back-up of an expendable endowment, which can be utilised to meet any shortfall in forecast income, at the time of approving these financial statements, the Trustees have a reasonable expectation that the group has adequate resources to continue in operational existence for at least the next 12 months. The Trustees therefore consider it appropriate to continue to adopt the going concern basis in preparing the group's financial statements.”

Group structure

1. NATIONAL HORSERACING MUSEUM(THE) · parent
   1. Palace House Trading Limited 100% · England and Wales · Retail, restaurant, cafe, and event catering services

Significant events

• “The main exhibition during the year was ICONS which ran from May-October. The exhibition featured photographic works from the late John Reardon and was a collection of contemporary pieces from Thoroughbreds to Michelin Star Chefs.”
• “Much work has been done behind the scenes in regard to the gift shop - these include new shop re-fits and the introduction of two new product lines which have sold well.”
• “The new program of commercial events has been successful in attracting visitors and raising awareness of the museum as a whole. 2024 saw the launch of two new annual events - Easter Pawty (Dog Show) and a Classic Car Show.”
• “As a new source of rental income, it was decided to rent out the Mews Offices, which will increase rental income by £14,000 per annum. To enable this the residential flat has been converted into office space, leaving the Mews vacant for tenants to move into in the early part of 2025.”
• “The Trustees and staff are extremely grateful to all the volunteers that contribute enormously to the Museum... This year the team was expanded with the introduction of maintenance volunteers...”
• “Restructured yard team and brought in new regime which concentrates on more interaction with the equine residents which is proving very popular.”
• “After an exceptionally busy year in 2023, the focus for 2024 has been about building a new team and implementing a better working environment. All staff underwent appraisals, the first time in three years...”
• “New entertainment concepts are being introduced in 2025, both appealing to local businesses as Team building evenings or groups of friends. The first being a racing themed Escape Room and the second being Race Nights that will be held bi-annually at the Museum.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -11.7%

  £1,157,807 → £1,022,162

• Cash

  -35.1%

  £633,910 → £411,159

• Net assets

  -1.3%

  £17,931,838 → £17,704,514

• Employees

  -3.7%

  27 → 26

• Operating profit

  -82.7%

  -£236,939 → -£432,857

• Wages

  -6.7%

  £428,954 → £400,226

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers