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REGISTERED NUMBER: 03475588 (England and Wales)












CRESCENT MOTORCYCLE COMPANY LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






CRESCENT MOTORCYCLE COMPANY LIMITED (REGISTERED NUMBER: 03475588)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 5

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14


CRESCENT MOTORCYCLE COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: P Denning
D Q Drayson
M Hurd





REGISTERED OFFICE: 23 Blackmoor Road
Ebblake Industrial Estate
VERWOOD
Dorset
BH31 6AX





REGISTERED NUMBER: 03475588 (England and Wales)





AUDITORS: Xeinadin Audit Limited
Chartered Accountants & Statutory Auditors
8th Floor
Becket House
36 Old Jewry
London
EC2R 8DD

CRESCENT MOTORCYCLE COMPANY LIMITED (REGISTERED NUMBER: 03475588)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their strategic report for the year ended 31 December 2024.

REVIEW OF BUSINESS
The following information is given in accordance with S417 of the Companies Act 2006.

PRINCIPAL ACTIVITIES
The principal activities of the Company in the year under review were those of motorcycle, clothing, accessory and after sales retailing from four branch locations and the operation and management of an official FIM World Superbike motorcycle racing team.

BACKGROUND / MARKET SECTOR
The Company operates franchised motorcycle dealerships from dedicated showroom sites in both Bournemouth and Verwood in Dorset, and Southampton in Hampshire as well as a dedicated used motorcycle showroom site in Bournemouth. During 2024 the Company operated the Official Yamaha World Superbike motorcycle racing team in the FIM World Superbike Championship from a dedicated facility and premises in Verwood.

RISKS
With its principle business in the motorcycle retailing sector it is at risk to any changes in customer demand, product supply or legislation influences within this market sector. The management of World Superbike racing operations is dependent on the ongoing agreement with Yamaha Motor Europe NV, together with the support of commercial sponsors and business partners

The Company is closely monitoring the potential future business and operational prospects of environmental and regulatory factors that will influence and impact the motorcycle retail sector with the development and manufacturer introduction of two-wheel electric vehicles (EV).

DEVELOPMENT AND PERFORMANCE
i) Total Company turnover in 2024 increased by £1,474,741 (+8.17%) to £19,519,514 following increased new and used motorcycle sales and increased gross profit across the retail group whilst the UK motorcycle total market sales in 2024 remained relatively static.

ii) Total Company gross profit in 2024 increased by £78,449 (+4.63%) to £1,772,781 reflecting the level of increased turnover following a buoyant period of sales, improved product availability over the previous year and increased after sales/service business. Within operating costs for the Company, £97,358 of expenditure post any recharges was incurred in 2024 in respect of preparations and development for the 2025 FIM World Superbike Championship racing season.

iii) Operating profit of £197,065 in 2024 prior to any adjustments and tax was a result of the factors mentioned above.

iv) Net assets in 2024 increased to just over £5.7 million due to operating performance and capital expenditure.

FUTURE PROSPECTS AND DEVELOPMENTS
The Directors report that the UK motorcycle market remains competitive and highly price sensitive with limited overall growth opportunity in the short term. Its retail operation will continue to develop incremental business across all product categories including the marketing and development of its high-performance Yamaha Pro Shop sector to maximise sales and profitability. All franchise representations and locations are continually reviewed as an integral part of the Company's retail strategic development, representation and growth.

During 2024 the Company completed its ninth year of its contractual partnership with Yamaha Motor Europe NV to operate the Official Yamaha World Superbike team. The Company manages team operational aspects on behalf of Yamaha Motor Europe NV including sponsorship acquisition for the achievement and support of operational budget objectives.


CRESCENT MOTORCYCLE COMPANY LIMITED (REGISTERED NUMBER: 03475588)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

SUMMARY
Crescent Motorcycle Company Limited has completed a year of focused development in key product and locational areas following its expansions of its Yamaha franchise representation and the continued progression of its World Superbike racing activities. The Directors are objectively planning to achieve continued improvement across all business operational areas in 2025.

ON BEHALF OF THE BOARD:





P Denning - Director


7 August 2025

CRESCENT MOTORCYCLE COMPANY LIMITED (REGISTERED NUMBER: 03475588)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

DIVIDENDS
No dividends will be distributed for the year ended 31 December 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

P Denning
D Q Drayson

Other changes in directors holding office are as follows:

M Hurd - appointed 27 June 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





P Denning - Director


7 August 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CRESCENT MOTORCYCLE COMPANY LIMITED

Opinion
We have audited the financial statements of Crescent Motorcycle Company Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CRESCENT MOTORCYCLE COMPANY LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We are reasonably capable of detecting fraud and error and we consider the testing performed to be sufficient for the size, nature and risk profile of the business.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CRESCENT MOTORCYCLE COMPANY LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




John Lee FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited
Chartered Accountants & Statutory Auditors
8th Floor
Becket House
36 Old Jewry
London
EC2R 8DD

7 August 2025

CRESCENT MOTORCYCLE COMPANY LIMITED (REGISTERED NUMBER: 03475588)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Notes £    £   

TURNOVER 3 19,519,514 18,044,773

Cost of sales 17,746,733 16,350,441
GROSS PROFIT 1,772,781 1,694,332

Administrative expenses 1,578,909 1,442,151
193,872 252,181

Other operating income 3,193 2,812
OPERATING PROFIT 5 197,065 254,993

Interest receivable and similar income 10,135 2,219
PROFIT BEFORE TAXATION 207,200 257,212

Tax on profit 7 (5,456 ) 27,805
PROFIT FOR THE FINANCIAL YEAR 212,656 229,407

CRESCENT MOTORCYCLE COMPANY LIMITED (REGISTERED NUMBER: 03475588)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 212,656 229,407


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

212,656

229,407

CRESCENT MOTORCYCLE COMPANY LIMITED (REGISTERED NUMBER: 03475588)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 61,342 70,002
Tangible assets 9 2,446,808 2,444,556
Investments 10 11,759 11,759
2,519,909 2,526,317

CURRENT ASSETS
Stocks 11 3,661,226 4,791,901
Debtors 12 402,164 462,310
Cash at bank and in hand 1,649,997 442,461
5,713,387 5,696,672
CREDITORS
Amounts falling due within one year 13 2,362,787 2,554,643
NET CURRENT ASSETS 3,350,600 3,142,029
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,870,509

5,668,346

PROVISIONS FOR LIABILITIES 16 98,865 109,358
NET ASSETS 5,771,644 5,558,988

CAPITAL AND RESERVES
Called up share capital 17 100 100
Retained earnings 18 5,771,544 5,558,888
SHAREHOLDERS' FUNDS 5,771,644 5,558,988

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2025 and were signed on its behalf by:





P Denning - Director


CRESCENT MOTORCYCLE COMPANY LIMITED (REGISTERED NUMBER: 03475588)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 100 5,329,481 5,329,581

Changes in equity
Total comprehensive income - 229,407 229,407
Balance at 31 December 2023 100 5,558,888 5,558,988

Changes in equity
Total comprehensive income - 212,656 212,656
Balance at 31 December 2024 100 5,771,544 5,771,644

CRESCENT MOTORCYCLE COMPANY LIMITED (REGISTERED NUMBER: 03475588)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,324,959 (181,868 )
Tax refunded 56,943 (68,490 )
Net cash from operating activities 1,381,902 (250,358 )

Cash flows from investing activities
Purchase of tangible fixed assets (215,135 ) (537,757 )
Sale of tangible fixed assets 30,634 25,333
Interest received 10,135 2,219
Net cash from investing activities (174,366 ) (510,205 )

Cash flows from financing activities
Loan repayments in year - (24,878 )
Capital repayments in year - (801 )
Net cash from financing activities - (25,679 )

Increase/(decrease) in cash and cash equivalents 1,207,536 (786,242 )
Cash and cash equivalents at beginning of
year

2

442,461

1,228,703

Cash and cash equivalents at end of year 2 1,649,997 442,461

CRESCENT MOTORCYCLE COMPANY LIMITED (REGISTERED NUMBER: 03475588)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 207,200 257,212
Depreciation charges 194,102 133,640
Profit on disposal of fixed assets (3,193 ) (2,812 )
Finance income (10,135 ) (2,219 )
387,974 385,821
Decrease/(increase) in stocks 1,130,675 (200,411 )
Decrease in trade and other debtors 3,203 423,322
Decrease in trade and other creditors (196,893 ) (790,600 )
Cash generated from operations 1,324,959 (181,868 )

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024
31.12.24 1.1.24
£    £   
Cash and cash equivalents 1,649,997 442,461
Year ended 31 December 2023
31.12.23 1.1.23
£    £   
Cash and cash equivalents 442,461 1,228,703


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24 Cash flow At 31.12.24
£    £    £   
Net cash
Cash at bank and in hand 442,461 1,207,536 1,649,997
442,461 1,207,536 1,649,997
Total 442,461 1,207,536 1,649,997

CRESCENT MOTORCYCLE COMPANY LIMITED (REGISTERED NUMBER: 03475588)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Crescent Motorcycle Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Goodwill
Goodwill being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful economic life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost and not provided
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

It is the company's policy to maintain the freehold properties to a high standard, so that the estimated residual value will not be impaired over time. The costs of this maintenance are charged to the profit and loss account as incurred. The directors are of the opinion that any depreciation in respect of the company's freehold property would be immaterial and consequently no provision is made in the accounts for such depreciation.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


CRESCENT MOTORCYCLE COMPANY LIMITED (REGISTERED NUMBER: 03475588)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Turnover
Turnover represents net invoiced sales of goods, services and sponsorship, excluding Value Added Tax.

Turnover is recognised in respect of retail sales at the point the sale occurs or services are provided. Sponsorship revenue is recognised in the period in which the events occur.

3. TURNOVER

The turnover and profit before taxation are attributable to the principal activities of the company.

An analysis of turnover by geographical market is given below:

2024 2023
£    £   
United Kingdom 18,243,538 16,614,982
Europe 1,250,221 1,360,905
United States of America 25,183 24,587
Asia 23 43,901
Africa 292 398
Canada 257 -
19,519,514 18,044,773

CRESCENT MOTORCYCLE COMPANY LIMITED (REGISTERED NUMBER: 03475588)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 1,659,397 1,616,463
Social security costs 159,972 154,997
Other pension costs 41,185 33,980
1,860,554 1,805,440

The average number of employees during the year was as follows:
2024 2023

Sales 19 22
Mechanics 13 11
Administration 8 9
Technicians - 2
Managers 4 2
Drivers 2 1
Directors 3 2
49 49

2024 2023
£    £   
Directors' remuneration 131,917 106,000
Directors' pension contributions to money purchase schemes 7,046 1,321

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 185,442 124,980
Profit on disposal of fixed assets (3,193 ) (2,812 )
Goodwill amortisation 8,660 8,660
Foreign exchange differences 20,140 (8,858 )

6. AUDITORS' REMUNERATION

Fees payable to the company's auditor for the audit of the company's financial statements were £18,750 (2023 - £18,750)

In addition to the items above, £8,550 (2023 - £12,810) was paid to the auditor in respect of non audit work in the period.

CRESCENT MOTORCYCLE COMPANY LIMITED (REGISTERED NUMBER: 03475588)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. TAXATION

Analysis of the tax (credit)/charge
The tax (credit)/charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 5,037 (56,943 )

Deferred tax (10,493 ) 84,748
Tax on profit (5,456 ) 27,805

Reconciliation of total tax (credit)/charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 207,200 257,212
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 25%)

51,800

64,303

Effects of:
Capital allowances in excess of depreciation - (83,550 )
Depreciation in excess of capital allowances 33,822 -
Utilisation of tax losses (19,280 ) -
Research & development claim (58,101 ) (56,943 )
Deferred tax movement (10,493 ) 104,028
Pension contributions (1,614 ) (33 )
Effect of Marginal Relief (1,590 ) -
Total tax (credit)/charge (5,456 ) 27,805

The company has trading losses of £nil (2023 - £77,119) to carry forwards against future trading profits.

CRESCENT MOTORCYCLE COMPANY LIMITED (REGISTERED NUMBER: 03475588)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 86,600
AMORTISATION
At 1 January 2024 16,598
Amortisation for year 8,660
At 31 December 2024 25,258
NET BOOK VALUE
At 31 December 2024 61,342
At 31 December 2023 70,002

9. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 1,914,303 994,220 972,148 3,880,671
Additions 25,000 35,235 154,900 215,135
Disposals - (4,316 ) (130,426 ) (134,742 )
At 31 December 2024 1,939,303 1,025,139 996,622 3,961,064
DEPRECIATION
At 1 January 2024 - 830,169 605,946 1,436,115
Charge for year - 60,556 124,886 185,442
Eliminated on disposal - (2,344 ) (104,957 ) (107,301 )
At 31 December 2024 - 888,381 625,875 1,514,256
NET BOOK VALUE
At 31 December 2024 1,939,303 136,758 370,747 2,446,808
At 31 December 2023 1,914,303 164,051 366,202 2,444,556

Finance lease agreements

Included within the net book value of £2,446,808 is £nil (2023 - £nil) relating to assets held under finance lease agreements.

CRESCENT MOTORCYCLE COMPANY LIMITED (REGISTERED NUMBER: 03475588)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

10. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Shares in group undertakings 8,592 8,592
Other investments not loans 3,167 3,167
11,759 11,759

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 8,592
NET BOOK VALUE
At 31 December 2024 8,592
At 31 December 2023 8,592

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Investments 3,167 3,167

11. STOCKS
2024 2023
£    £   
Parts stock 759,592 734,491
Clothing stock 68,117 246,775
New and used bike stock 2,833,517 3,810,635
3,661,226 4,791,901

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 225,453 198,119
Other debtors 11,000 50,568
Tax - 56,943
Prepayments 67,627 26,257
Accrued income 98,084 130,423
402,164 462,310

CRESCENT MOTORCYCLE COMPANY LIMITED (REGISTERED NUMBER: 03475588)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,619,567 2,305,794
Amounts owed to group undertakings 26,180 11,477
Tax 5,037 -
Social security and other taxes 39,177 47,605
VAT 320,506 9,489
Other creditors 27,967 39,319
Accruals and deferred income 324,353 140,959
2,362,787 2,554,643

14. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 97,000 97,000
Between one and five years 323,833 345,833
In more than five years 68,750 143,750
489,583 586,583

The total lease payments recognised as an expense in the year to 31 December 2024 is £97,000 (2023 - £92,750)

15. SECURED DEBTS

Bank securities held by the Company are secured by debenture deeds which provide for fixed and floating charges over the undertaking, and all property and assets present and future including goodwill, bookdebts uncalled capital, buildings, fixtures, and fixed plant and machinery

16. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 98,865 109,358

Deferred
tax
£   
Balance at 1 January 2024 109,358
Credit to Income Statement during year (10,493 )
Balance at 31 December 2024 98,865

CRESCENT MOTORCYCLE COMPANY LIMITED (REGISTERED NUMBER: 03475588)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

18. RESERVES
Retained
earnings
£   

At 1 January 2024 5,558,888
Profit for the year 212,656
At 31 December 2024 5,771,544

19. RELATED PARTY DISCLOSURES

The controlling party is Mr P Denning by virtue of his beneficial ownership of 90% (2023 - 90%) of the issued ordinary share capital of the Company.

The Company occupies a premises owned by a pension scheme for the benefit of the Director Mr P Denning. A normal commercial rent of £75,000 (2023 - £75,000) per annum is payable. At the balance sheet date no amount was outstanding (2023 - nil).