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REGISTERED NUMBER: 13631660 (England and Wales)















Classic and Modern Motorsport Club
(2021) Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023






Classic and Modern Motorsport Club
(2021) Limited (Registered number: 13631660)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Classic and Modern Motorsport Club
(2021) Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs E Brice
R J Culverhouse
R H Birley





SECRETARY: Mrs E Brice





REGISTERED OFFICE: 97 Heather Shaw
Trowbridge
Wiltshire
BA14 7JT





REGISTERED NUMBER: 13631660 (England and Wales)





ACCOUNTANTS: Carpe Diem Accounting Services
1 Kilclief Road
Strangford
Downpatrick
Co. Down
BT30 7PA

Classic and Modern Motorsport Club
(2021) Limited (Registered number: 13631660)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,948 2,624

CURRENT ASSETS
Cash at bank 30,697 45,670

CREDITORS
Amounts falling due within one year 5 35,674 44,471
NET CURRENT (LIABILITIES)/ASSETS (4,977 ) 1,199
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,029

)

3,823

RESERVES
Income and expenditure account (3,029 ) 3,823
(3,029 ) 3,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Classic and Modern Motorsport Club
(2021) Limited (Registered number: 13631660)

Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:





R H Birley - Director


Classic and Modern Motorsport Club
(2021) Limited (Registered number: 13631660)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Classic and Modern Motorsport Club (2021) Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Classic and Modern Motorsport Club
(2021) Limited (Registered number: 13631660)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 3,300
DEPRECIATION
At 1 December 2022 676
Charge for year 676
At 30 November 2023 1,352
NET BOOK VALUE
At 30 November 2023 1,948
At 30 November 2022 2,624

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 1 1
Amounts owed to group undertakings 25,122 25,122
Taxation and social security - 896
Other creditors 10,551 18,452
35,674 44,471