QATAR RACING LIMITED

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

Lovewell Blake LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have considered the financial position of the Company and Group by reviewing both historic and forecast financial information. In doing so account has been taken of anticipated sales activity and planned expenditure. Having given consideration to such information and to the nature of assets held, the directors believe that the Company is well placed to manage its business risks successfully despite the residual uncertainty of economic outlook and wider economic political disrupton. In reaching this conclusion the directors expect that the Company and Group is able to meet its own cash flow requirements for the foreseeable future (being 12 months from the approval of the financial statements). This expectation is notwithstanding the reported net current liabilities position of the Company, having received confirmation from the parent entity (Qatar Investments & Projects Development Holding Co. (QIPCO)) that no repayment will be required of the loan provided by QIPCO to the Company (£ 99,285,015 at 31 December 2024 included within current liabilities) within 12 months of the financial statements being approved. QIPCO has also indicated that if necessary (while expecting the Company to be self-funding) that it will also provide additional support if required.”

Group structure

1. QATAR RACING LIMITED · parent
   1. Qatar Racing LLC 100% · USA · breeding and racing of Thoroughbred Racehorses
   2. Matchem Limited 10% · online bloodstock auctions

Significant events

• “exposure to fluctuations in the volatile bloodstock market.”
• “Qatar Racing Ltd disposed of its 50% shareholding in Equiclub Ltd during the year. No material consideration was received. No material gain or loss arose on disposal.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -25.8%

  £15,105,271 → £11,200,895

• Cash

  -21.2%

  £1,540,141 → £1,214,278

• Net assets

  -8.4%

  -£85,845,249 → -£93,079,027

• Employees

  —

  Not reported

• Operating profit

  -4.8%

  -£6,990,915 → -£7,326,416

• Profit before tax

  -4.8%

  -£6,990,915 → -£7,326,296

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