REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
FOR |
TALBOT OWNERS' CLUB LTD |
A COMPANY LIMITED BY GUARANTEE |
REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
FOR |
TALBOT OWNERS' CLUB LTD |
A COMPANY LIMITED BY GUARANTEE |
TALBOT OWNERS' CLUB LTD (REGISTERED NUMBER: 04736788) |
A COMPANY LIMITED BY GUARANTEE |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 5 |
TALBOT OWNERS' CLUB LTD |
A COMPANY LIMITED BY GUARANTEE |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Courtyard |
80 High Street |
Old Amersham |
Buckinghamshire |
HP7 0DS |
TALBOT OWNERS' CLUB LTD (REGISTERED NUMBER: 04736788) |
A COMPANY LIMITED BY GUARANTEE |
REPORT OF THE DIRECTORS |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
The directors present their report with the financial statements of the company for the year ended 31 December 2021. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of supporting the use, enjoyment and maintenance of vehicles manufactured by Clement Talbot Ltd |
DIRECTORS |
The directors who have held office during the period from 1 January 2021 to the date of this report are as follows: |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
TALBOT OWNERS' CLUB LTD (REGISTERED NUMBER: 04736788) |
A COMPANY LIMITED BY GUARANTEE |
INCOME STATEMENT |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
2021 | 2020 |
Notes | £ | £ |
TURNOVER |
Cost of sales |
GROSS SURPLUS |
Administrative expenses |
OPERATING SURPLUS/(DEFICIT) and |
SURPLUS/(DEFICIT) BEFORE TAXATION | ( |
) |
Tax on surplus/(deficit) | 4 |
SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR |
( |
) |
TALBOT OWNERS' CLUB LTD (REGISTERED NUMBER: 04736788) |
A COMPANY LIMITED BY GUARANTEE |
BALANCE SHEET |
31 DECEMBER 2021 |
2021 | 2020 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account | 7 |
MEMBERS' FUNDS |
48,289 | 46,864 |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the Board of Directors and authorised for issue on |
TALBOT OWNERS' CLUB LTD (REGISTERED NUMBER: 04736788) |
A COMPANY LIMITED BY GUARANTEE |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
1. | STATUTORY INFORMATION |
Talbot Owners' Club Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents amounts receivable from members in respect of subscriptions, event costs and other sales for activities of the Club undertaken during the year. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Tangible fixed assets |
The company has received donated assets in the past in the form of Archives, Trophies and a 8/18 Display Engine. As these have no historic cost, they have not been recognised in the financial statements. |
Archives and Trophies purchased have been written down to a nil value, on the basis that they are not for resale, and are held into perpetuity. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TAXATION |
Analysis of the tax charge |
No liability to UK corporation tax arose for the year ended 31 December 2021 nor for the year ended 31 December 2020. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Accrued expenses & deferred |
income |
TALBOT OWNERS' CLUB LTD (REGISTERED NUMBER: 04736788) |
A COMPANY LIMITED BY GUARANTEE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
7. | RESERVES |
Income |
and |
expenditure |
account |
£ |
At 1 January 2021 |
Surplus for the year |
At 31 December 2021 |
8. | RELATED PARTY DISCLOSURES |
No transactions with related parties were undertaken such as are required to be disclosed. |
9. | COMPANY STATUS |
The company does not have a share capital, but its liability is limited by the guarantee of its members. Each members liability is limited to £1. |