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Registration number: 1311001

Trackrod Motor Club Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Trackrod Motor Club Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Trackrod Motor Club Limited

Company Information

Directors

Andrew Neil Wride

Russell Ward Holdsworth

John Richard Hart

Roderick Kenworthy Parkin

David Thompson

Company secretary

Timothy Jameson

Registered office

15 Holly Drive
Leeds
West Yorkshire
LS16 6EF

Accountants

Fullertons Limited
Chartered Certified Accountants
Manchester House
50a Oxford Road
Guiseley
Leeds
LS20 8AB

 

Trackrod Motor Club Limited

(Registration number: 1311001)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

256

341

Current assets

 

Debtors

500

-

Other financial assets

147,219

137,160

Cash at bank and in hand

 

194,744

152,436

 

342,463

289,596

Creditors: Amounts falling due within one year

5

(900)

(882)

Net current assets

 

341,563

288,714

Net assets

 

341,819

289,055

Reserves

 

Revaluation reserve

17,459

17,459

Retained earnings

324,360

271,596

Surplus

 

341,819

289,055

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 August 2024 and signed on its behalf by:
 

 

Trackrod Motor Club Limited

(Registration number: 1311001)
Balance Sheet as at 31 March 2024

.........................................
David Thompson
Director

 

Trackrod Motor Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
15 Holly Drive
Leeds
West Yorkshire
LS16 6EF
England

These financial statements were authorised for issue by the Board on 6 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises fees receivable for the provision of motor sport activities in the UK. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Trackrod Motor Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 6).

 

Trackrod Motor Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

24,209

24,209

At 31 March 2024

24,209

24,209

Depreciation

At 1 April 2023

23,868

23,868

Charge for the year

85

85

At 31 March 2024

23,953

23,953

Carrying amount

At 31 March 2024

256

256

At 31 March 2023

341

341

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

900

882