NORTHERN RACES LIMITED

1. NORTHERN RACES LIMITED 2004-06-04 → present
2. NORTHERN RACING LIMITED 1994-06-16 → 2004-06-04
3. MAWLAW 247 LIMITED 1994-05-13 → 1994-06-16

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. NR Acquisitions Limited's facility agreement in place with Hightower Finance (Jersey) Limited provides sufficient headroom to enable the company to continue in operational existence. Assurance has been received from Omaha Business Holdings Corp that it will continue to make funds available to enable the company to meet its obligations as they fall due for the foreseeable future, and at least 12 months from the date of approval of these financial statements.”

Group structure

1. NORTHERN RACES LIMITED · parent
   1. Bath Racecourse Company Limited 100% · UK
   2. Hereford Racecourse Company Limited 100% · UK
   3. High Gosforth Park Limited 100% · UK
   4. Uttoxeter Leisure and Development Company Limited 92.4% · UK
   5. Brighton Racecourse Company Limited 81% · UK
   6. Sedgefield Steeplechase Company (1927) Limited 99.9% · UK
   7. Great Yarmouth Racecourse Limited 81% · UK
   8. The Fontwell Park Steeplechase Limited 100% · UK

Significant events

• “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 project involves the development of the infrastructure of the racecourse.”

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

Filings

5

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

  +38.9%

  £5,947,878 → £8,260,976

• Cash

  +374.6%

  £142,874 → £678,138

• Net assets

  -36.9%

  £16,527,613 → £10,425,265

• Employees

  -18.4%

  76 → 62

• Operating profit

  -1,241%

  £530,628 → -£6,054,303

• Profit before tax

  -1,241%

  £530,628 → -£6,054,303

• Wages

  +23.1%

  £4,447,018 → £5,474,075

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