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REGISTERED NUMBER: 04736788 (England and Wales)









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: D B Roxburgh
H I Day
G S Lloyd
N S Lucas
J A M Hunt





REGISTERED OFFICE: The Courtyard
80 High Street
Amersham
Buckinghamshire
HP7 0DS





REGISTERED NUMBER: 04736788 (England and Wales)





ACCOUNTANTS: N S Lucas & Co
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:

J R H Fack - resigned 23 October 2021
D M Booth - resigned 23 October 2021
A J Ward - resigned 23 October 2021
V A Fishwick - resigned 23 October 2021
D B Roxburgh - appointed 23 October 2021
H I Day - appointed 23 October 2021
G S Lloyd - appointed 23 October 2021
N S Lucas - appointed 23 October 2021
J A M Hunt - appointed 23 October 2021

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:





H I Day - Director


9 April 2022

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 15,885 13,143

Cost of sales 4,556 3,428
GROSS SURPLUS 11,329 9,715

Administrative expenses 9,904 11,043
OPERATING SURPLUS/(DEFICIT) and
SURPLUS/(DEFICIT) BEFORE TAXATION 1,425 (1,328 )

Tax on surplus/(deficit) 4 - -
SURPLUS/(DEFICIT) FOR THE
FINANCIAL YEAR

1,425

(1,328

)

TALBOT OWNERS' CLUB LTD (REGISTERED NUMBER: 04736788)
A COMPANY LIMITED BY GUARANTEE

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Stocks 8,206 12,165
Debtors 5 86 200
Cash at bank 41,198 37,024
49,490 49,389
CREDITORS
Amounts falling due within one year 6 1,201 2,525
NET CURRENT ASSETS 48,289 46,864
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,289

46,864


RESERVES
Income and expenditure account 7 48,289 46,864
MEMBERS' FUNDS 48,289 46,864
48,289 46,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2022 and were signed on its behalf by:



D B Roxburgh - Director


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 private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 5 (2020 - 4 ) .

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 86 200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Accrued expenses & deferred
income 1,201 2,525
1,201 2,525

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 46,864
Surplus for the year 1,425
At 31 December 2021 48,289

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.