Officials have been forced to cancel the event.
There's a six race card at Limerick throughout the afternoon where the first goes to post at 12.50.
The Goggin Buckley Veterans Handicap Steeplechase, at 1.25, is the feature race of the day where the Henry De Bromhead trained Kavanaghs Corner is expected to go off the favourite.
The New Year's Day race meeting at Cheltenham has been abandoned.
Recent rainfall means large areas of the course are now waterlogged, forcing officials to call-off the seven-race fixture.