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Registration number: 04261129

The BMW Motorcycle Club Ltd

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

The BMW Motorcycle Club Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

The BMW Motorcycle Club Ltd

Company Information

Directors

Mr S Noble

Mr B Lepley

Mr G Walker

Mr J Bettley

Mr C Wright

Mrs M F D Burnett

Dr C Ross

Mr R Langan

Mr I Campbell

Mr S P Halliday

Mr B Warner

Mr Michael Hall

Mr John Jones

Mrs Sylvia Delacoe

Mrs Judith Lepley

Mr John Elvidge

Mr Philip Sampson

Company secretary

Mr Peter Duunn

Registered office

C/o BMF Head Office
Church Road
Kirkby
Mallory
Leicester
LE9 7QE

Accountants

Ross McConnell
Chartered Accountant3 High Street
Kinross
KY13 8AW

 

The BMW Motorcycle Club Ltd

(Registration number: 04261129)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed Assets

 

Tangible Assets

4

124

757

Current assets

 

Debtors

5

87,821

84,744

Cash at bank and in hand

 

60,198

72,708

 

148,019

157,452

Creditors: Amounts falling due within one year

6

(40,544)

(31,830)

Net current assets

 

107,475

125,622

Net assets

 

107,599

126,379

Reserves

 

Other Reserves

-

122,207

Section Reservies

68,935

67,986

Retained earnings

38,664

(63,814)

Total Equity

 

107,599

126,379

 

The BMW Motorcycle Club Ltd

(Registration number: 04261129)
Balance Sheet as at 30 September 2024

For the financial year ending 30 September 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 and 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 2 April 2025 and signed on its behalf by:
 

.........................................
Mrs Judith Lepley
Director

 

The BMW Motorcycle Club Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 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 £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
C/o BMF Head Office
Church Road
Kirkby
Mallory
Leicester
LE9 7QE
England

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 the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

 

The BMW Motorcycle Club Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

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:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line

Computer equipment

100% straight line

Membership database

20% straight line

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

The BMW Motorcycle Club Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible Assets

Computer equipment
and membership database
 £

Equipment
 £

Total
£

Cost or valuation

At 1 October 2023

21,817

664

22,481

At 30 September 2024

21,817

664

22,481

Depreciation

At 1 October 2023

21,060

664

21,724

Charge for the year

633

-

633

At 30 September 2024

21,693

664

22,357

Carrying amount

At 30 September 2024

124

-

124

At 30 September 2023

757

-

757

5

Debtors

Current

2024
£

2023
£

Prepayments

3,833

3,833

Other debtors

83,988

80,911

 

87,821

84,744

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

10,662

3,300

Accruals and deferred income

6,785

5,563

Other creditors

23,097

22,967

40,544

31,830