Jockey Club Racecourses Limited Notes to the financial statements Year ended 31 December 2021
13. Investments (continued) The company owns 14 class A shares (38.88% of the total) (2020: 38.88%) of Racecourse Retail Business Limited, a company registered in England with company number 09776843 whose registered office is at 10th Floor, The Met Building, 22 Percy Street, London, WIT 2BU. Racecourse Retail Business Limited is treated as a joint venture in the consolidated accounts of the company's parent company, Jockey Club RaceCourses (Holdings) Limited, where further details can be found. During 2017, the company became of member of Britbet Racing LLP (formerly July 2018 LLP), a limited liability partnership incorporated and registered in England and Wales with registered number OC413330 and whose registered office is at c/o 75 High Holborn, London, WC1V 6LS. The company had a membership interest of 34.1% at 31 December 2020 (2020: 34.1%). The partnership has been set up to operate pool betting activities and started trading in July 2018.
14. Debtors
2021
2020
£m
£m
Trade debtors Other debtors
18.5
10.0
4.7 7.6 0.2
2.6 7.3
Amounts owed by group undertakings
Corporation tax Other taxes and social security
0.1 7.4
Deferred tax
6.5
Prepayments and accrued income
30.3 67.8
18.0 45.4
Other debtors include £2.1m (2020: £2.1m) due after more than one year.
The impairment loss recognised in the company profit or loss for the period in respect ofbad and doubtful trade debtors was £641,000 (2020: £472,000). Amounts owed by group undertakings includes a loan of £6.3m (2020: £6.3m) to Epsom Racecourse Hotel Company Limited. The loan is unsecured and repayable on demand. Interest is charged at the same interest rate as the company's external debt.
15. Creditors: amounts falling due within one year
2021
2020
£m
£m
Trade creditors
2.8 0.7 9.4 5.0
6.7 0.7 5.0 5.7 1.3
Amounts owed to subsidiary undertakings Amounts owed to group undertakings
Other creditors
Other taxes and social security
-
Bank loans
3.0 1.4 0.3
Interest rate swap
0.8 0.3
Obligations under finance leases and hire purchase contracts
Accruals and deferred income
64.5 85.0
30.7 53.3
3723 154 373
NT1/110
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