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REGISTERED NUMBER: 01189665 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE SAAB OWNERS CLUB OF GREAT BRITAIN
LIMITED

THE SAAB OWNERS CLUB OF GREAT BRITAIN
LIMITED (REGISTERED NUMBER: 01189665)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE SAAB OWNERS CLUB OF GREAT BRITAIN
LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: N P Hoare
E J Wilson
I Hodcroft
C Redmond
J Jenkins
J E W Lawless





SECRETARY: J Jenkins





REGISTERED OFFICE: 142 Colcot Road
Barry
Vale of Glamorgan
CF62 8UH





REGISTERED NUMBER: 01189665 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

THE SAAB OWNERS CLUB OF GREAT BRITAIN
LIMITED (REGISTERED NUMBER: 01189665)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 5,113 1,931
Debtors 5 2,874 3,231
Cash at bank 112,360 132,456
120,347 137,618
CREDITORS
Amounts falling due within one year 6 32,831 57,722
NET CURRENT ASSETS 87,516 79,896
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,516

79,896

RESERVES
Income and expenditure account 87,516 79,896
87,516 79,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 SAAB OWNERS CLUB OF GREAT BRITAIN
LIMITED (REGISTERED NUMBER: 01189665)

BALANCE SHEET - continued
31 March 2024


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 13 July 2024 and were signed on its behalf by:





J E W Lawless - Director


THE SAAB OWNERS CLUB OF GREAT BRITAIN
LIMITED (REGISTERED NUMBER: 01189665)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Saab Owners Club of Great Britain Limited is a private company, limited by guarantee and incorporated and domiciled in England. It has its registered office and principal place of business at 142 Colcot Road, Barry, Vale of Glamorgan, Wales, CF62 8UH.

The presentation currency of the financial statements is the Pound Sterling (£).

The principle activity of the company is that of a members club.

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Equipment, furniture and fittings - 25% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Stocks
Stock are stated at the lower of cost, using the first in first out method, and selling price less costs to complete and sell.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

THE SAAB OWNERS CLUB OF GREAT BRITAIN
LIMITED (REGISTERED NUMBER: 01189665)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Equipment,
furniture
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 28,733 5,590 34,323
DEPRECIATION
At 1 April 2023
and 31 March 2024 28,733 5,590 34,323
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 408 130
Prepayments 2,466 3,101
2,874 3,231

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 29,376 55,821
Tax 215 71
Accrued expenses 3,240 1,830
32,831 57,722

7. ULTIMATE CONTROLLING PARTY

The company has no ultimate controlling party.