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Classic Racing Motor Cycle Club Limited
 
 
Company Registration Number
02102654
 
 
Report of the Directors and
Abridged Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/11/2023
 
End date 31/10/2024
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
Classic Racing Motor Cycle Club Limited
 
Contents of the Financial Statements
for the Period Ended 31 October 2024
 
 
Page
Company Information 3
 
Abridged Balance Sheet 4 - 5
 
Notes to the Financial Statements 6 - 9
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
Classic Racing Motor Cycle Club Limited
Company Information
for the Period Ended 31 October 2024
 
Directors John Davidson
Angela Yardley
Christopher Robert Barfe
 
Company secretary Angela Yardley
 
Registered office Sulby House
Mill Road
Bergh Apton
Norwich NR15 1BQ
 
Company Registration Number 02102654
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
Classic Racing Motor Cycle Club Limited
Balance Sheet
for the Period Ended 31 October 2024
Company registration number 02102654
2024 2,023
Notes £ £
Fixed assets
Intangible fixed assets 2 1,597
Tangible fixed assets 3 7,563 9,576
_______ _______
Total fixed assets 9,160 9,576
Current assets
Debtors 4 160 9,149
Cash at bank and in hand 279,343 336,875
_______ _______
Total current assets/(liabilities) 279,503 346,024
Creditors
Creditors - amounts falling
due within one year 5 12,188 17,884
_______ _______
Net current assets 267,315 328,140
_______ _______
Total assets less current liabilities 276,475 337,716
_______ _______
Net assets/(liabilities) 276,475 337,716
Capital and reserves
Called up share capital 6 2 2
Profit and loss account 7 280,321 337,716
______ ______
Total shareholders funds 280,323 337,718
 
 
 
 
 
 
 
 
 
 
 
 
Page 4
Classic Racing Motor Cycle Club Limited
 
Balance Sheet
for the Period Ended 31 October 2024
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The option not to file the profit and loss account has been taken.
 
For the year ending 31 October 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The members have agreed to the preparation of abridged accounts.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
 
The financial statements were approved by the Board of Directors on 2025-01-08
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name Christopher Robert Barfe
Status Director
 
The notes form part of these financial statements
Average number of employees during period 0
 
 
 
 
 
 
 
Page 5
Classic Racing Motor Cycle Club Limited
Notes to the Financial Statements
for the Period Ended 31 October 2024
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Long-term and ongoing contracts turnover represents the value of work done including estimates of
amounts not yet invoiced and is recognised by reference to the stage of completion.
Tangible fixed assets Depreciation
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings 25% Straight Line
Office equipment 25% Straight Line
Plant and machinery 25% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstance indicate that the carrying value of an asset may not be fully recoverable.
 
 
 
 
 
 
 
 
 
 
Page 6
Classic Racing Motor Cycle Club Limited
Notes to the Financial Statements
for the Period Ended 31 October 2024
2. Intangible fixed assets Other Total
Cost £ £
At 1 November 2023 15,000 15,000
Additions 2,130 2,130
_____ _____
At 31 October 2024 17,130 17,130
Amortisation
At 1 November 2023 15,000 15,000
Charge during the period 533 533
_____ _____
At 31 October 2024 15,533 15,533
Net book value
At 31 October 2024 1,597 1,597
At 31 October 2023 0 0
 
3. Tangible fixed assets
Plant and Office Total
machinery equipment
Cost £ £ £
At 1 November 2023 16,881 1,013 17,894
Additions 3,215 3,215
_____ ____ _____
At 31 October 2024 20,096 1,013 21,109
Depreciation
At 1 November 2023 7,702 616 8,318
Charge for year 5,001 227 5,228
_____ ___ _____
At 31 October 2024 12,703 843 13,546
Net book value
At 31 October 2024 7,393 170 7,563
At 31 October 2023 9,179 397 9,576
 
 
 
 
 
 
 
 
 
 
Page 7
Classic Racing Motor Cycle Club Limited
Notes to the Financial Statements
for the Period Ended 31 October 2024
4. Debtors 2024 2,023
Trade debtors 160 9,149
___ ____
Total 160 9,149
5. Creditors amounts falling due within one year 2024 2,023
Trade creditors 6,924 1,426
Corporation tax 719 374
Other taxation and social security 4,220
Accruals and deferred income 4,545 11,864
_____ _____
Total 12,188 17,884
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 8
Classic Racing Motor Cycle Club Limited
Notes to the Financial Statements
for the Period Ended 31 October 2024
6. Share capital 2024 2,023
Authorised type Par value £ £
Ordinary 1 2 2
_ _
Total 2 2
Allotted, called up and paid £ £
Ordinary 2 2
_ _
Total 2 2
7. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 November 2023 337,716
Profit/(Loss) for year (57,395)
Dividends paid
______
Retained Profit/(Loss) at 31 October 2024 280,321
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9