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REGISTERED NUMBER: 02166365 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2025

for

LAGONDA CLUB LIMITED

LAGONDA CLUB LIMITED (REGISTERED NUMBER: 02166365)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAGONDA CLUB LIMITED

Company Information
for the Year Ended 31 March 2025







DIRECTORS: M D Bugler
A Davey
J D Sword
P W Gilkes
B J Green
R M Seabrook
T T Parker
N G C Smeal
L J Cozzolino
J L Baxendale
Ms C E Monnington
K H Lloyd-Bisley
P G Yallop





REGISTERED OFFICE: Johnson's Farm
Carlton
Saxmundham
Suffolk
IP17 2QW





REGISTERED NUMBER: 02166365 (England and Wales)





ACCOUNTANT: Mani Chacko & Co. Ltd.
Chartered Certified Accountant
3 Ballards Rise
South Croydon
Surrey
CR2 7JT

LAGONDA CLUB LIMITED (REGISTERED NUMBER: 02166365)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 16,896 16,273

CURRENT ASSETS
Stocks 5 425,697 411,127
Debtors 6 7,123 6,633
Prepayments and accrued income 4,084 3,084
Cash at bank and in hand 92,316 83,510
529,220 504,354
CREDITORS
Amounts falling due within one year 7 60,847 50,132
NET CURRENT ASSETS 468,373 454,222
TOTAL ASSETS LESS CURRENT
LIABILITIES

485,269

470,495

RESERVES
Revaluation reserve 4,327 4,327
Income and expenditure account 480,942 466,168
MEMBERS' FUNDS 485,269 470,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

LAGONDA CLUB LIMITED (REGISTERED NUMBER: 02166365)

Balance Sheet - continued
31 March 2025


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 9 July 2025 and were signed on its behalf by:




M D Bugler - Director



B J Green - Director


LAGONDA CLUB LIMITED (REGISTERED NUMBER: 02166365)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Lagonda Club 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, net of discounts, rebates, value added tax and other sales taxes

Tangible fixed assets
All tangible fixed assets are shown at cost with the exception of trophies and awards which are stated at valuation and are not depreciated.

Depreciation on other fixed assets is provided on the following basis in order to write off each asset over its estimated useful life.

Patterns & drawings are depreciated on a 'units of production' basis. Accordingly the depreciation is charged based on the actual usage of the assets. Periodic assessments of their value based on the total life and usage to date is made and any necessary adjustments to the net book value is made annually.

Plant and machinery etc. - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
The company is a members' club which is involved in mutual trading. Hence it is not liable to tax on any profits arising from their mutual trading.

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 13 (2024 - 12 ) .

LAGONDA CLUB LIMITED (REGISTERED NUMBER: 02166365)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 32,602
Additions 985
At 31 March 2025 33,587
DEPRECIATION
At 1 April 2024 16,329
Charge for year 362
At 31 March 2025 16,691
NET BOOK VALUE
At 31 March 2025 16,896
At 31 March 2024 16,273

Plant and machinery includes trophies and awards which are stated at valuation and are not depreciated and patterns and drawings which are depreciated on a 'unit of production' basis and charged according to actual usage of the assets.

5. STOCKS
31.3.25 31.3.24
£    £   
Regalia and literature 7,960 10,001
Spares - new 381,293 363,322
Spares - second hand 36,444 37,804
425,697 411,127

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.25 31.3.24
£    £   
Trade debtors 7,123 4,954
Other debtors - 1,679
7,123 6,633

LAGONDA CLUB LIMITED (REGISTERED NUMBER: 02166365)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.25 31.3.24
£    £   
Trade creditors 12,314 9,483
Taxation and social security 2,016 49
Other creditors 46,517 40,600
60,847 50,132

8. COMPANY LIMITED BY GUARANTEE

The club is a company limited by guarantee and does not have a share capital. In accordance with the Memorandum of Association, "every member of the club undertakes to contribute to the assets of the club in the event of the club being wound up during the time he is a member or within one year afterwards for payment of the debts and liabilities of the club contracted before the time at which he ceases to be a member, and of the cost, charges and expenses of winding up of the same and for the adjustment of the rights of the contributions amongst themselves, a sum not exceeding £5".