ASCOT RACECOURSE LIMITED

1. ASCOT RACECOURSE LIMITED 2001-12-03 → present
2. TEMPLECO 554 LIMITED 2001-11-12 → 2001-12-03

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “There were 25 racedays (18 flat, 7 jumps) in 2024, including QIPCO British Champions Day which Ascot hosts on behalf of British Champions' Series Limited. One of the 26 scheduled racedays was cancelled due to frozen ground (2023: One). Attendance decreased slightly to 513,869 (2023: 514,208).”
• “Turnover increased from £107.2m in 2023 to £109.5m in 2024. Profit before taxation was £13.9m (2023: profit before taxation of £4.3m) and profit after tax for the financial year was £11.2m (2023: profit after taxation of £3.0m).”
• “Profit increased during the year mainly due to (i) a reduction of £9.3m in the depreciation and amortisation charges as a result of many assets becoming fully depreciated in the year, the 20th year since the opening of the grandstand; and (ii) a favourable movement of £0.6m in the net interest payable as a result of reduced gross debt following voluntary loan repayments and lower interest rates.”
• “At the year end the company had net liabilities of £8.4m (2023: £19.7m net liabilities).”
• “Capital expenditure projects during the year included continual upgrades and improvements to the Grandstand and wider site, as well as essential projects, committed projects and those involving statutory obligations. The Planned Preventative Maintenance (PPM) programme continued, resulting in £1.6m (2023: £1.1m) of expenditure which was expensed to the profit and loss account.”

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

  +2.2%

  £107,212,000 → £109,540,000

• Cash

  -25%

  £4,000 → £3,000

• Net assets

  +57.2%

  -£19,670,000 → -£8,421,000

• Employees

  +2.5%

  158 → 162

• Operating profit

  +180.4%

  £5,053,000 → £14,171,000

• Profit before tax

  +223.8%

  £4,299,000 → £13,919,000

• Wages

  +7.8%

  £9,046,000 → £9,752,000

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